The Focus Bulletin by the Brazilian Central Bank shows the estimation by financial institutions for the growth of the Brazilian economy in 2015 was revised down for the third straight week.
Author: Agência Brasil
The Brazilian bank acquired the operations of the British institution in the country. The value of the deal tops US$ 5 billion.
Primary surplus stood at R$ 16 billion (US$ 4.6 billion), the lowest number since the same period of 2001, when the historical series by the Brazilian Central Bank started.
National Treasury, Social Security and Central Bank together registered a primary deficit of R$ 1.6 billion from January to June due to the drop in revenues.
Brazil’s supply company and the UN signed an agreement that plans for an exchange with other countries in the areas of food security and family farm.
Dollar outflow overcame inflow in US$ 2.3 billion in July up to last Friday, according to the Brazilian Central Bank. This result was determined by the financial sector.
The credit-rating agency kept the country’s ‘investment-grade’ but reviewed future outlook from ‘stable’ to ‘negative’.
The document explains current legislation to companies that operate abroad. Anti-corruption law punishes Brazilian companies that offer grafts to foreign government employees.
The number went from R$ 2.496 trillion (US$ 743.8 billion) in May to R$ 2.583 trillion (US$ 769.7 billion) in June. Domestic indebtedness increased 3.81% with the external one declining 2.35% (in dollars).
Financial institutions surveyed by the Brazilian Central bank believe that the benchmark interest rates will go up 0.5 percentage point in the next meeting of the Monetary Policy Committee and will close the year at 14.25%.
The price of the North American currency closed the day in the highest level since 2003 at R$ 3.34, impacted by the reduction of the primary surplus target.
UN’s envoy for the Middle East said that the coexistence of the two states is ‘further apart than ever’. He talked at the Security Council of the UN, which is debating the topic.
In H1, the search for domestic air transportation increased 3.8%, with international routes also increasing 13%, according to the association of the sector’s companies.
Decline in federal revenues due to economy downturn drove the government to slash estimation of the public sector’s surplus to 0.15% of the GDP in 2015.
