China’s State Grid Brazil Holding S/A made the winning bid at the energy auction held by the National Electric Energy Agency at the BM&F Bovespa exchange. The holding will supply 2,550 km of power lines.
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Brazil’s economy stood virtually level from May to April. A Central Bank index shows a slight increase, at 0.03%, after two straight months of decline.
According to the international rating agency, the scenario in Brazil will go on influencing corporate results at least until halfway through next year.
Brazil’s external purchases of fertilizer declined in H1. Association reports a decline of demand in several crops cultivations. Arab countries also reduced sales.
Brazil’s Foreign Trade Association has revised its projections for this year and says imports could drop 20%.
A study done by the organization with partner institutions shows that prices should decline, but will still remain in higher levels than in 2008, when the increase begun. Brazil will compensate losses with productivity.
The Amazonas’ cosmetics company attended a fair in Dubai and made contacts with businessmen from Saudi Arabia, UAE and Qatar. The company will send samples of products such as massage gels, shampoos and anti-aging creams.
The Central Bank reports that the amount of incoming US dollars in Brazil was higher than the outgoing sum of the currency from January through July 10th. Foreign trade was chiefly responsible.
The economy’s weak performance and tax incentives made revenues reach the worst result for a H1 in four years.
The action promoted by UNRWA set a goal to collect US$ 3,171 until mid-September. The agency provides assistance to 240,000 children in Palestinian territory’s schools. Donations can be made via internet. Minimal contribution is of US$ 3.17.
The number of Brazilian consumers with overdue debts increased in June from June 2014.
Egypt, Algeria and the UAE, which are among the top 10 importers of bovine meat from Brazil, increased their purchases from January to June. Egypt was the fourth leading buyer.
Brazilian crops will gross US$ 93.2 billion in 2015 and livestock will gross US$ 53.1 billion, says the Ministry of Agriculture. The former is expected to decline and the latter to increase.
The head of the office, ambassador Débora Barenboim-Salej visited the Arab Chamber and said that she plans to intensify the contacts with business organizations to reinforce participation in the area.
