There was a 0.91% drop over July, in the widest month-on-month reduction since May 2015, the Brazilian Central Bank has reported.
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Brazil’s auto part makers union and export promotion agency Apex will host matchmaking sessions on the 24th and 25th in São Paulo, with Brazilian industry players and distributors from 11 countries, Egypt included.
The Brazilian monetary authority slashed the benchmark interest rate by 0.25 percentage point, to 14% per annum. The move came as a result of a reversal of the food price hike.
The beef sector association offered, in tandem with the Arab Chamber, a lunch to importers from the Middle East during Sial, the foodstuffs fair taking place in Paris. Business owners praised Brazilian efforts in the area.
A survey by the Brazilian Institute of Geography and Statistics (IBGE) shows that diesel was the product that yielded the most revenue for Brazilian industry in 2014.
Over 100 importers, including ones hailing from five Arab countries, confirmed attendance for the shoes and accessories exhibition set to happen in November in Gramado, Rio Grande do Sul, Brazil.
The Leading Economic Index (IACE) rose 1.3% in September over August. It anticipates the economy’s trend in the short term. It was the eighth consecutive increase.
This is the cost estimate made by UNHCR for relief assistance in cold weather to 4.57 million Syrians and Iraqis displaced in their own countries or living as refugees in Lebanon, Jordan and Egypt.
The Ministry of Foreign Affairs (Itamaraty) announced it will provide the amount to the UN’s World Food Programme to support Haiti after it was hit by a hurricane.
Survey done by the local Chamber of Commerce and Industry points to an average growth of 4.7% in the next four years.
Items including maize, cotton, rice, cocoa, oranges and tomatoes are expected to drive a drop in Brazilian crops’ value in 2016 over last year, but the result will still be the third best since 1989.
Brazilian foreign trade is on a streak of back-to-back surpluses. Last week saw exports exceed imports by USD 662 million.
Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.
It will promote products from its members at the International Exhibition for Agricultural Investment and Technologies, from October 19 to 22. The Chamber’s participation is a partnership with a Tunisian agency.
