The Fund states that cheap oil can help countries to reorganize their economies and promote growth, but warns of the challenges posed by the risk of deflation in Europe and Japan and the depreciation of emerging countries’ currencies.
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Aldemir Bendine has been approved by the Board of Directors of the Brazilian state-owned oil company Petrobras. He will replace former chief executive Graça Foster.
Brazil’s official inflation index was up 1.24% in January, the highest increment since February 2003 according to the Brazilian Institute of Geography and Statistics (IBGE).
President of the Brazilian Association of Animal Protein (ABPA) says that oil-dependent countries imported less from Brazil last month, which affected exports performance, but he bets on a recovery throughout the year.
Withdrawals by Brazilians have exceeded deposits by US$ 3.1 billion in January. Withdrawals amounted to R$ 53.3 billion, and deposits, to R$ 50.2 billion.
Good crops and cheap oil have helped bring prices down in January. Importing countries stand to gain and costs tend to remain stable throughout 2015.
Last month in Brazil, 253,800 units were sold, down 31% from December and 19% from January 2014.
Sensualle already exported to UAE, Kuwait, Bahrain and Saudi Arabia and plans to return to the region’s market. Company produces sensual pieces.
Estimate from Brazilian companies that attended Arab Health fair in January, in the UAE, points to business and deals generating orders of US$ 21 million. Almost US$ 1 million in equipment was already sold.
Such was the decline as per the Brazil Commodities Index, measured by the Brazilian Central Bank, in January from December 2014. The energy sector was the main culprit.
The president and five directors announced their resignation. Replacements will be defined next Friday (06th).
Transport aircraft KC-390 was flight tested this Tuesday. The Brazilian Air Force ordered 28 examples and other countries have shown interest for 32 more.
The Dubai-based port operator handled 60 million containers in 2014. Brazil’s Embraport terminal helped the result.
Downturn recorded in 20 of 26 sectors surveyed by the Brazilian Institute of Geography and Statistics (IBGE).
