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Brazil’s IBGE, National Treasury and Central Bank reported that the federal government had a net operating loss of BRL 512.2 billion in 2015. In 2014, the deficit had been equivalent to 4.9% of GDP.

Revenue slid year-on-year in April due to good sales in April of last year, the fact that April this year had less business days, and the Federal Police bribery probe Operação Carne Fraca, an industry association said.

Firms from five Arab countries are taking part in Apas, the supermarkets sector fair, which began this Tuesday in São Paulo. Some of them already sell to Brazil and others want to get to know better the local market.

Exports exceeded imports by almost USD 7 billion, the highest such gap since April 1989. Foreign sales reached USD 17.686 billion, with foreign purchases amounting to USD 10.717 billion.