The money will go into the carmaker’s Porto Feliz, São Paulo unit, where engines for its Etios models are made. The facility will also start making Corolla engines.
Author: Agência Brasil
Price increase in October was 0.1%, below the 0.47% registered in September, and the 1.77% registered in October of last year. The data is from the Brazilian Institute of Geography and Statistics (IBGE).
Brazil’s federal, states and local governments ran a primary surplus in October, breaking a five-month down streak.
Brazil’s Federal Revenue department collected USD 43.4 billion in taxes in October, the highest amount ever for the month. Regularization of assets held abroad was the reason.
The index fell after four consecutive monthly increases. The worsening of inflation forecast was the main reason for the drop.
Although the Retailer Confidence Index has increased for the seventh straight month, it is still at a level seen as weak.
Brazil’s domestic and foreign nominal debts eased in October from September, to BRL 3.03 trillion.
Expenditure in foreign countries reached USD 1.4 billion in October, up 41.8% from October 2015. Spending by foreign tourists in Brazil went down.
In this year’s Q3, the Brazilian Development Bank reversed the losses of 2016’s first six months.
Answering a survey by the Ministry of Finance, banks revised down slightly their forecast for the central government’s primary deficit from the BRL 159.8 bn (USD 47.03 bn) previously estimated.
Gross Domestic Product is seen shrinking 6.84% in a Brazilian Central Bank poll of financial institutions. Last week’s estimate had been marginally better. Inflation forecasts, on the other hand, have improved.
The Brazilian government has requested consultations regarding the United States’ overtaxing of imports of steel made in Brazil.
University sports federations are in talks to sign an agreement on the exchange of athletes and related professionals.
Throughout the next four years, the amount will be directed to projects the company already has a stake in.
