In an address given in the United States, Christine Lagarde said central banks have fought off the crisis effectively, but said the end of economic incentives requires coordinated action from monetary authorities.
Despite the bullish dollar, tourists from Brazil visiting other countries spent a record amount for the month of July, at US$ 2.2 billion.
Brazil’s deficit in purchases and sales of goods and services with other countries increased from US$ 3.7 billion in July last year.
The Apex and Dom Cabral Foundation should promote five days of lectures and strategy meetings in Dubai from November 4th to 7th. The target is internationalisation. Registration is open.
Watch in this episode: Arab ambassadors in Rio Grande do Sul, a lecture about the Generation Y, the Brazilian textile industry, interview with Daniel Tubaldini, from company Realizar Alliance, and the city of Petrópolis.
The monetary authority renewed sales contracts denominated in US dollars and held an auction to lower the exchange rate 0.78%. By the end of the day the currency was worth R$ 2.43.
Minerva Fine Foods has shipped out its first batch of processed products to the fast food chain, which will redistribute to other Arab countries.
The bloc’s economy grew by a higher rate in quarter two than in quarter one, driven by growth in countries such as United Kingdom, United States and France. The Eurozone rebounded from retraction into growth.
A survey from the Institute of Geography and Statistics points out that workers’ actual income was down 0.9% in July from June. As a result, Brazilians have lost consumption capacity.
The Brazilian sector association should promote the 41st Fair of the Americas in September. Director Leonel Rossi says companies have frozen exchange rates and expect greater demand for international travels.
The Brazilian Central Bank has announced to the market that it will hold two auctions this Thursday (22nd) on the interbank exchange market.
Revenues from exports to the region increased from January through July this year compared to the same period in 2012. Shipments also increased, by 9.8%.
Created targeting the foreign market, Kans BR began exporting early this year and sells all its output to the Middle East. In six months, the company shipped out 30 tonnes of cosmetics to the region.
The government of Brazil does not plan to interrupt its agreements with the Arab country, despite the worsening of the local crisis. The situation, however, is followed with concern.
