The Brazilian minister of Development said the balance of trade should register a USD 15 billion surplus by the end of 2015, and expects a surplus of double that amount next year.
Author: Agência Brasil
In a statement this Wednesday (14th), CEO Aldemir Bendine expressed optimism regarding the future of Petrobras. He will improve governance in a bid to restore the image of the state-run oil company.
The loan’s term is ten years and, according to the company, represents an advance of 2016 funding operations.
Financial institutions believe the country’s economy will shrink 2.97% this year. Last week, estimation pointed to a 2.85% drop.
Brazil’s production of cereals, leguminous and oil seeds is expected to reach 210.4 million tons this year, according to estimation released by the institute of statistics.
According to the Brazilian Institute of Geography and Statistics (IBGE), the only Brazilian states in which industrial production increased were Ceará, Santa Catarina, Minas Gerais and Rio de Janeiro.
Production reached 174,000 units in the month, down 19.5% from August this year and 42% from September last year.
The Fund says that the Brazilian economy will shrink even more in 2015. For the organization, the political crisis has an impact in the confidence of business and consumers.
Brazil’s Gross Domestic Product should fall 2.85% this year, according to banks’ estimation, the 12th straight time it shows worse data. Estimation is higher than last week’s, which stood at 2.8%.
By the end of the year, state and municipal governments will get funding to foster exports. The measure is designed to offset losses stemming from export tax exemptions.
Report by the Brazilian Central Banks shows that financial institutions in Brazil can withstand shock effects in adverse scenarios such as changes in interest rates, foreign exchange rate and higher delinquency rate.
The 2015 economic shrinkage projection from Brazilian financial institutions has gotten worse. As of last week, a 2.7% decline was expected, based a Central Bank poll.
The court at The Hague rejected Chile’s appeal that questioned the court’s jurisdiction to hear the case.
The measure aims to hold back the price of the North American currency, which reached R$ 4.24 on Thursday. It closed the day at R$ 3.99.
