A survey by FGV shows 30% of industrial companies in Brazil expect to invest more in the next 12 months than in the past 12 months. The rate has remained flat, but more companies plan on investing less.
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The Arab Chamber CEO Michel Alaby is attending the Mining and Food Security Forum in Khartoum. The Arab country wants foreign cooperation and investment to food and mineral production.
In its Trade and Development Report, the UN agency also recommends more autonomy to countries in adopting commercial and industrial policies to ensure sustainable growth.
Brazilian meat packing company bets on the expansion of emerging markets and is preparing to export to the Arab country. The share of North Africa and Middle East in the company’s sales increased in quarter two.
The UN has launched webpage to receive Brazilian donations to the victims of the conflict in the Arab country. Minimum donation is R$ 20 (or US$ 8.78).
US dollar outflows from Brazil exceeded inflows in the first week of September, according to the Central Bank. Year-to-date through September 5th, foreign exchange flows are negative by US$ 2.6 billion.
Brazil’s FT Sistemas has recently closed the sale of three unmanned aircraft to an African country and believes more opportunities are available in the continent, the Middle East and Asia.
Agriculture and livestock sales to the region increased by 2.7% year-on-year in August. The industry’s total exports saw a 12.5% decline.
Default grew by 17.2% from the same period in August 2013, but decreased slightly from July, according to data from the consulting firm Serasa Experian.
Agriculture and livestock sales to the region are up 2.7% August-on-August. The sector exports as a whole dropped by 12.5% in the same period.
The agency Moody’s changed the outlook on Brazil’s government bonds rating from stable to negative, reflecting the rising risk of low growth and worsening debt indicators.
Last week, exports amounted to US$ 4.336 billion and imports, to US$ 5.017 billion, resulting in a US$ 771 million deficit.
From January through August, Brazil exported 23.62 million 60-kilogram bags of the product. Revenues were up 14.6% to US$ 4 billion. Sales to Arab countries were up 7%.
Financial institutions polled by the Central Bank revised down Brazilian economy growth projection for the year, from 0.52% to 0.48%
