The Brazilian balance of trade showed a US$ 119 million deficit last week, as a result of US$ 4.075 billion in exports and US$ 4.19 billion in imports.
Author: Agência Brasil
The company will boost its production capacity for the biofuel in Brazil until 2016. Projects already underway will get part of the funds.
The fund transfer was authorized by the Ministry of Finance. Treasury transfers to banks are expected to amount to US$ 22.1 billion this year.
In Brazil, dollar inflow exceeded the outflow by US$ 995 million from the 1st to 20th.
Enterprises with overseas investment posted US$ 3.47 billion in profits and dividends in first five months of this year. The figure is much higher than the US$ 600 million in the same period of 2011.
Consumption in foreign trips reached a record in May, according to information supplied by the Central Bank, at US$ 1.8 billion.
The aim is research to fight desertification in Africa and in arid and semi-arid regions. The project is a partnership between Brazil, France and the Pan-African Agency of the Great Green Wall.
Dollar inflow in Brazil exceeded the outflow by US$ 516 million from the 1st to the 15th this month.
Industry businessmen were the least confident in June according to a survey conducted by the National Confederation of industry. The index, however, is still regarded as positive.
During a debate in São Paulo this Tuesday (19th), Alexandre Tombini disclosed the institution’s growth estimate for the Brazilian economy in the fourth quarter of the year.
The minister of Agriculture, Mendes Ribeiro, said that Brazil should exceed US$ 100 billion in foreign sales this year.
Investors and financial market analysts have reviewed down the forecasted growth for the Brazilian economy this year, from 2.53% to 2.3%.
IBC-Br variation, a kind of forecast for the growth of the Brazilian GDP, took place from March to April. This year, the index has grown one month and shrunk the next.
Brazil’s net inflow of dollars is US$ 843 million in June, up to the 8th, according to the Central Bank of Brazil.
