Browsing: Economy
From the Newsroom* São Paulo – Peugeot Brazil recorded all-time high sales in the month of June. A total of 7,945 vehicles were sold, compared with 4,452 in June 2006. The figure represented an increase of 78.5%, making Peugeot the fifth vehicle brand in Brazil, with a market share of 4.2%. In the first half
Agência Brasil* Brasília – Brazil has decided to place an inquiry at the Dispute Settlement Body at the World Trade Organisation (WTO) regarding the United States financial support granted to farmers between 1999 and 2005. The request for the inquiry on the United States was placed at the WTO on Tuesday (10), in Geneva (Switzerland).
The Brazilian Export and Investment Promotion Agency signed today (11), at the Francal, a fair for the shoe sector held in the southeastern Brazilian city of São Paulo, an agreement with associations of manufacturers of machinery and components for leather and shoes. The agreement provides that 27 million Brazilian reais (US$ 14.2 million) will be allotted to provide training at companies for exporting and promoting their products in the international market.
The Brazilian Export and Investment Promotion Agency signed today (11), at the Francal, a fair for the shoe sector held in the southeastern Brazilian city of São Paulo, an agreement with associations of manufacturers of machinery and components for leather and shoes. The agreement provides that 27 million Brazilian reais (US$ 14.2 million) will be allotted to provide training at companies for exporting and promoting their products in the international market.
From the Newsroom* São Paulo – Company Nexans, world leader in the production of cables, closed 10 million euro deal to supply medium- and low-tension cables for the construction of a liquefied natural gas (LNG) refinery in Yemen, YLNG. The information was disclosed today (10) by a spokesperson for the company. The refinery will be
The statement is part of a report issued by the Organisation for Economic Co-operation and Development last Friday. According to the organisation, the Russian economy should accelerate. Brazil, Russia, India, and China comprise the so-called BRIC, a group of countries that should rank among the largest world powers in the following decades.
The list of 500 largest open capital companies in the world, disclosed last week by newspaper Financial Times, includes four companies from Saudi Arabia, two from the Emirates and seven from Brazil. The highest positioned is Brazilian oil company Petrobras, in the 50th place.
From Agência Brasil* Brasília – Foreign direct investment (FDI) in Brazil should total, in the month of June, the historic record of US$ 6.5 billion. The figures have not yet been consolidated by the team of technicians at the Brazilian Central Bank, but according to the adjunct head of the Economic Department at the Bank,
The two oil companies, from Brazil and Portugal, are establishing a joint venture for production and distribution of biofuels. The production of vegetable oils will be in Brazil and part of the biodiesel refining will take place in Portugal.
The contract was signed after the participation of the Brazilian maker of synthetic rubbers in a trade delegation to North Africa, which took place between the end of May and early June. The company also hopes to receive orders from Tunisia, Morocco and the United Arab Emirates.
Businesswoman Débora Lima, from the northeastern Brazilian state of Sergipe, should make her first contact with possible importers at the Biofar, an international fair for organic products, to be held in the southeastern Brazilian city of São Paulo. The herbs are planted by Débora herself, along the banks of the São Francisco River. In order to cater to the growing demand from the domestic market, she works in partnership with small local farmers.
Agência Brasil* Brasília – Exports from Brazil recorded the second best turnover this year in the month of June, with US$ 13.11 billion in sales (a 3.87% decrease over May), whereas imports totalled US$ 9.3 billion, which is 4.87% less than recorded in the previous month. The turnover resulted in a trade balance (exports minus
