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.
Author: Agência Brasil
The Brazilian and French oil companies signed on to a memorandum of understanding for exploration and production of gas and energy.
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 Brazilian president Michel Temer sanctioned a law allocating the amount for the country’s payments to the programs and actions of national and international entities such as the UN.
The indicator measured by the National Confederation of Industry declined from 50.8 points in August to 45.8 points last month.
According to statistics institute, the product most recently included was coffee from the region of Pinhal, São Paulo state. The certification attests that the item was produced in a certain region.
There was a 0.91% drop over July, in the widest month-on-month reduction since May 2015, the Brazilian Central Bank has reported.
The Brazilian monetary authority slashed the benchmark interest rate by 0.25 percentage point, to 14% per annum. The move came as a result of a reversal of the food price hike.
A survey by the Brazilian Institute of Geography and Statistics (IBGE) shows that diesel was the product that yielded the most revenue for Brazilian industry in 2014.
The Leading Economic Index (IACE) rose 1.3% in September over August. It anticipates the economy’s trend in the short term. It was the eighth consecutive increase.
Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.
Prices will be down 3.2% for wholesale gasoline and 2.7% for diesel. Whether or not consumers will pay less for their fuel will be up to the retailers.
The former prime minister of Portugal will replace Ban Ki-moon as the organization’s secretary-general as of December 31.
The Federal Revenue Service notes that the rule applies to all regular scheduled air services companies, both cargo and passengers, even in the case of payments made to low-tax countries.
