Agência Brasil Brasília – On Friday (30/07) the International Monetary Fund mission visiting Brazil, for a third revision of the almost US$15 billion preventive loan Brazil negotiated at the end of last year, concluded its work. The head of the mission, Charles Collyns, has said he will recommend approval. That will give Brazil the right
Browsing: Economy
Agência Brasil Rio – Alunorte – Alumina do Norte – a subsidiary of the Vale do Rio Doce Company, has obtained a US$310 million loan from a pool of foreign banks. An insurance policy on the loan, for political risk, was banked by the governments of Germany and Norway. Alunorte has scheduled investments totalling almost
They sold US$ 177 million to the countries in the Middle East and North Africa and in the first six months of the year. The region answered to 16.7% of sector import. The products traditionally purchased are sugar and chicken, according to the spokesperson of the Organization of Brazilian Cooperatives (OCB), Júlio Pohl.
From the Newsroom São Paulo – Brazilian machinery and equipment industry revenues have risen 21.1% in the first six months of the year, according to a study by the Brazilian Machinery Manufacturers Association (Abimaq). This growth reflects investment made by Brazilian industries to increase production and for modernization. Machinery producer revenues have risen from around
The company has closed sales contracts for an estimated US$ 400,000 with distributors in three countries and is also negotiating with Kuwait and the United Arab Emirates now. General Brands has been in operation for only seven years, but its main product, powdered juice Camp, is already in the third place among the most sold powdered juices in Brazil.
A study by the Brazilian institute shows that the 20 companies responsible for 40% of the investment made in 2002 were connected to foreign trade.
Agência Brasil Brasília – Brazilian Minister of Cities, Olívio Dutra, has presented the International Monetary Fund a proposal for a differential calculation of the primary account which would exclude spending on housing and sanitation from the category "government expenditures." According to Dutra, by excluding such spending the country will do two things: continue to met
Agência Brasil São Paulo – Brazilian Minister of Finance, Antonio Palocci, says that Brazilian growth is stronger than expected. Market analysts have forecast GDP growth of 3.5% for the year. Accoring to Palocci, it is a rise in domestic consumption that is making the difference this year. "Easier credit, following a reduction in interest rates,
Agência Brasil São Paulo – The Brazilian industrial sector is the economic segment that leads in job creation this year. Between January and May, 347,000 out of the 827,000 jobs created in Brazil were in the industrial sector. Those were legally registered, on-the-books jobs (as shown by the employment and unemployment general registry, Caged). In
The event will take place between July 27 and 30 at the Expo Center Norte, in São Paulo, and will introduce innovations used by Brazilian bakeries.
The event will take place between July 27 and 30 at the Expo Center Norte, in São Paulo, and will introduce innovations used by Brazilian bakeries.
