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Brazil plans to expand agricultural export to China

Exports up

BRASILIA: Brazil plans to expand exports to China, as Chinese market is vital to the growth of its agricultural sector, the minister said. Katia Abreu, the new agriculture minister stressed at a recent press conference the importance of channeling Chinese investment to Brazil’s agricultural sector. Abreu, who is also president of the National Confederation of Agriculture, said Brazil and China ... Read More »

Brazil iron ore export fall 5.6% as 23.3 million in January 2015: MDIC

iron ore

SAO PAULO: According to latest trade data published by Brazil’s Ministry of Industry, Development and Foreign Trade (MDIC), the country’s iron ore exports dropped sharply during the first month of the New Year. The average export price witnessed huge cuts during the month. The country’s exports of iron ore during Jan ’15 totaled 23.3 million mt, 5.6% down when compared ... Read More »

 Brazil trade deficit fall $3.174 billion from $4.068 billion in January

trade

BRASILIA:  Brazil posted a wider than expected trade deficit in January even after imports and exports tumbled, government data showed. The trade deficit of $3.174 billion was smaller than the $4.068 billion shortfall of a year earlier. The median forecast of 17 analysts surveyed by Reuters was for a deficit of $3 billion. Brazil posted a surplus of $293 million ... Read More »

Brazil wants to expand agricultural exports to China: agriculture minister

katia-abreu

BRASILIA:  Brazil plans to expand exports to China, as the Chinese market is vital to the growth of its agricultural sector, a minister said. Katia Abreu, the new agriculture minister stressed at a recent press conference the importance of channeling Chinese investment to Brazil’s agricultural sector. Abreu, who is also president of the National Confederation of Agriculture, said Brazil and ... Read More »

Brazil wants to expand agricultural export to China: Agriculture minister

katia-abreu

BRASILIA:  Brazil plans to expand exports to China, as Chinese market is vital to the growth of its agricultural sector, a minister said. Katia Abreu, the new agriculture minister stressed at a recent press conference the importance of channeling Chinese investment to Brazil’s agricultural sector. Abreu, who is also president of the National Confederation of Agriculture, said Brazil and China ... Read More »

Brazilian iron ore export to china rise 10.3% to 170.96 million in 2014: China Customs

iron-ore

BEIJING:  Chinese imports of iron ore from Brazil, the second largest supplier to the country, increased 10.3 percent in 2014 to 170.96 million tons, according to figures from China’s customs services. From Australia, its main supplier, China imported 548.4 million tons of iron ore, an annual increase of 31.6 percent. Overall, China imported 932 million tons of iron ore, an ... Read More »

Brazilian iron ore export to china rise 10.3% to 170.96 million in 2014: China Customs

iron-ore

BEIJING:  Chinese imports of iron ore from Brazil, the second largest supplier to the country, increased 10.3 percent in 2014 to 170.96 million tons, according to figures from China’s customs services. From Australia, its main supplier, China imported 548.4 million tons of iron ore, an annual increase of 31.6 percent. Overall, China imported 932 million tons of iron ore, an ... Read More »

Brazilian NCAA increase airport taxes 14.21%  on national, international flights

NCAA

BRASILIA:  The domestic and international flights at government run airports in Brazil will be hit with a tax increase of 14.21% on average. The National Civil Aviation Agency’s administration company Infraero runs 60 airports (half of the country’s total), including ones in Rio de Janeiro and other major hubs, that covered 101.7 million passengers between January and November 2014. However, ... Read More »

Brazil posts 2014 primary budget deficit rise $13.76 billion

brazil-flag-jan0

BRASILIA: Brazil fell way short of its main fiscal target in 2014, underscoring the daunting uphill battle that President Dilma Rousseff’s new economic team faces to shore up public accounts and prevent a credit rating downgrade. Brazil posted a public sector primary budget deficit of 32.536 billion rais ($13.76 billion) for last year, equal to 0.63 percent of gross domestic ... Read More »

Brazil customs seizes one million fake Peppa Pig toys

FAKE

BRASALIA:  An estimated one million counterfeit Peppa Pig toys have been seized by custom officers across Brazil. Entertainment One Licensing the owner of the Peppa Pig brand has been working closely with authorities and a Brazilian law firm specialising in IP infringement to crack down on the fakes. By providing relevant Peppa Pig artwork and branding, Brazilian customs were able ... Read More »

Brazilian miner Vale’s mega ships able to dock at 5 Chinese ports

5 chinese port

BRAZILIAN: Brazilian miner Vale’s mega ships have been able to dock at five ports in China, the firm’s head of investor relations said, as a ban that had been in place is relaxed. “The issue of the obstruction, that’s overcome,” investor relations chief Rogerio Nogueira, said at a conference in Rio de Janeiro. “We are in the process of working ... Read More »

Brazil tax collection fall 1.79% as $460 billion, lowest since 2009

Brazil

BRASILIA:  Tax revenue gained by government through taxation fell to 1.79% last year and totals US$460 billion according to Brazil’s Secretariat of the Federal Revenue. With inflation correction, this figure was of US$472 billion. It is the first time that the government registers a fall in its revenue since 2009, the peak of the financial crisis, when there was an ... Read More »

Brazil customs seizes one million fake Peppa Pig toys

FAKE

BRASALIA:  An estimated one million counterfeit Peppa Pig toys have been seized by custom officers across Brazil. Entertainment One Licensing the owner of the Peppa Pig brand has been working closely with authorities and a Brazilian law firm specialising in IP infringement to crack down on the fakes. By providing relevant Peppa Pig artwork and branding, Brazilian customs were able ... Read More »

Brazil loan market registers 11.3% growth to touch $1.1 trillion in 2014

Brazil loan market

BRASILIA: Brazil’s loan market registered transactions totaling $1.1 trillion last year, up 11.3 percent from 2013 and the slowest growth rate since 2007, the Central Bank said Tuesday. Lending was expected to grow 12 percent in 2014, compared to the previous year, monetary officials said. Loan volumes expanded by 2 percent in December, compared to November. Lending transactions were the ... Read More »

Brazilian iron ore export to China rise 10.3% to 170.96 million in 2014: China Customs

Iron-ore

BEIJING:  Chinese imports of iron ore from Brazil, the second largest supplier to the country, increased 10.3 percent in 2014 to 170.96 million tons, according to figures from China’s customs services. From Australia, its main supplier, China imported 548.4 million tons of iron ore, an annual increase of 31.6 percent. Overall, China imported 932 million tons of iron ore, an ... Read More »

UAE becomes biggest importer of Brazilian eggs, Rise 65% to reach 8710 tons in 2014

eggs

BRASILIA: In 2014 Brazil sold 8,710 tonnes of eggs to the Emirates, an increase of 65% over 2013. Sales’ revenues reached US$ 10.8 million and topped in 56% revenues with egg shipment in 2013. In addition, Saudi Arabia also noted an increased purchase of Brazilian eggs last year. A total of 404 tonnes were shipped to the country, a 198% ... Read More »

30.7% hike: Brazil becomes favourite country with 64,904 Int’l flights in 4 years

Brazil international flights

BRASILIA: Brazil last year was the destination for 64,904 international flights, a 30.7 percent increase over the 49,557 that went to the South American giant in 2010, the country’s public tourism promotion company, Embratur, announced Tuesday. The country sending the largest number of flights to Brazil in 2014 was the United States, whose citizens last year had 14,573 air travel ... Read More »

Brazil’s Central Bank reduces GDP growth forecast for 2015 to 0.13%

banco-central-brasil

BRASILIA: In less than a month of the New Year, the financial market follows with a daunting position relative to the growth of the country in 2015, which will be stable again. To the Gross Domestic Product (GDP) this year, according to the Focus Market Report released, 26, the estimate is expansion of 0.13% compared to rate of 0.38% pointed ... Read More »

Dilma rejects correction of 6.5% in IR table, plans to edit MP with adjustment of 4.5%

Dilma-Rousseff1

BRASILIA: Dilma Vana Rousseff, President rejected the correction of 6.5 per cent over the table of Income Tax for individuals in the calendar year 2015, but the minister of Institutional Relations, Pepe Vargas, said new interim measure less correction of the IR table will be sent to Congress in the coming days. He said the government will make a 4.5 percent ... Read More »

Cocaine worth £50,000 hidden in hair extensions confiscated

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BRAZIL: A mother attempted to smuggle cocaine worth 50 000 pounds in hair extensions i.e. by hiding it in her wig. The women who is said to be a Portuguese had nine packets containing a whopping 880 grams of the class A drug interwoven with her hair. She was stopped by members of the National Police shortly after she arrived ... Read More »