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Stock impact report

Saudi Arabia, Brazil Hope to Kindle Investment With Deeper Ties [Yahoo! Finance Canada]

BRF S.A. (BRFS) 
Last brf s.a. earnings: 11/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.brf-global.com
Saudi Arabia and Brazil are thousands of miles apart, but fate is bringing them closer than ever. Most Read from Bloomberg Their relationship started with chicken exports in the 1970s. And now the bond is becoming a way for the Global South heavyweights to diversify their trade ties and insulate their economies from geopolitical risk. ADVERTISEMENT While China and the US are far bigger partners for each, two-way trade between the kingdom and the Latin American giant totaled about $7 billion last year. The Gulf Research Center, a Saudi non-profit, sees that rising to $10 billion by 2030 as the relationship deepens, with Brazil consistently showing it's willing to give something back to its Arab suitor. BRF SA, one of the world's largest poultry suppliers, plans to announce a new plant in Saudi Arabia that will likely see it produce chicken locally for the first time, according to people familiar with the matter. And planemaker Embraer SA has partnered with the kingdom to help Show less Read more
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