A technical mission of the International Monetary Fund said that local authorities made progress in 2014, but warns of the high indebtedness levels, low growth rate and refugee influx.
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The United States currency reached R$ 2.651, the highest since April 4th, 2005. The São Paulo stock exchange’s Ibovespa index dropped by 3.73% on Friday.
The period of time during which the documents will remain valid for Brazilians has been lengthened from five to ten years.
Abdellahi Kebd, the Mauritanian ambassador in Brasília, has travelled to São Paulo to present to local executives the advantages his country can offer, including a free-trade zone.
The Arab country was chosen again for actions of the sector’s internationalization program, Brazilian Footwear. Abicalçados and Apex renewed the project’s agreement for two more years.
Abdel Latif Hasan was awarded the title of honorary citizen from the Municipal Chamber of Valinhos, in the state of São Paulo. The session was attended by the ambassador of Palestine, Ibrahim Alzeben.
Industry association forecasts foreign sales should fetch US$ 8 billion in 2015, as against US$ 7.3 billion in 2014. There is optimism regarding the perspective of Saudi Arabia resuming its purchases.
The monetary authority estimates that the exchange rate and the administered prices will keep inflation above the target center, but promises to move carefully when it comes to raising interest rates.
Part of the money will be used to attend the needs of 1.7 million Syrian refugees. Africans sheltered in Ethiopia and Kenya also benefit from the donation.
A holding company from Abu Dhabi has purchased the New Scotland Yard building at an auction for US$ 580 million and will convert it into a residential/commercial estate.
A preview of a United Nations report on the global economic scenario forecasts growth of 3.1% in 2015, higher than the 2.6% expected in 2014. The situation has improved, but risks do exist.
The Brazil Lebanon Cultural Centre is hosting the show “Brazilian Sailors at Unifil: at the service of peace on Lebanese waters.” The event runs until January 30th, featuring photos, uniforms, medals and sailing objects.
The data from the Brazilian Institute of Geography and Statistics points to an increase over 2013, with expectation of harvesting at 194.5 million tons of cereals, legumes and oilseeds.
Estimation comes from the Brazilian Association of Animal Protein, which also foresees improvement on sales to the Middle East and increase in Brazilian production.
