Foreign sales of capital goods produced in Brazil declined in September over the same month in 2015, but improved year-to-date.
The managing director of the IMF visited Riyadh and met with the bloc’s ministers. She praised the measures taken in response to low oil prices, but suggested further spending cuts and revenues diversification.
Indicator improved in October over September. In comparison to October of last year, however, there was a decline of 5.7%.
Such was the increase in industrial products’ prices out of the gate in September in Brazil. Costs had dropped in both July and August.
Expo Mundi Brasil features Moroccan and Emirati stands. Until November 7, visitors can buy pictures, clothes, purses, costume jewelry, sandals, mirrors and other typical items.
The report Doing Business 2017 shows that 137 out of 190 countries adopted pro-business measures in 2015. Brazil leads in number of reforms implemented in Latin America, but dropped in world ranking.
The emirate broadens its gamut of leisure options to meet the target of welcoming 25 million visitors by the time the world expo takes place, in October 2020. Brazilian corporate traveller numbers are increasing.
The president of the Latin American Steel Association said a rebound is due in the continent in 2017 as a result of a pickup in the world economy.
The country saw USD 2.5 billion in net US dollar inflows in October, ending a five-month run of net outflows. The Law on Repatriation of Funds was a factor.
Trade in goods not including petroleum and its products climbed 3% in the country in the first half of the year, to USD 150.6 billion. Top-selling export products include gold, aluminum and jewelry.
The Brazilian and French oil companies signed on to a memorandum of understanding for exploration and production of gas and energy.
Brazil’s trade surplus reached USD 709 million last week. The first two weeks of October also ended in surplus.
A poll of Brazilian financial institutions shows expected rates of 6.89% this year and 5% in 2017. Last week had seen higher forecasts.
The emirate will be honored at the 2018 edition of the fair, according to an announcement made in Frankfurt. Sharjah is considered a culture hub in the United Arab Emirates.
