The organisation of oil exporter countries has listed the political uncertainty in Arab countries, the fear of shortages and the activities of speculators as factors for higher oil prices.
Author: Agência Brasil
Guido Mantega stated that Brazil’s financial institutions charge the world’s highest spread and ‘want the bill to rest on the government’s back.’ He is pushing for lower interest rates for financing.
Sugar production is expected to increase by 5.72% to 33.1 million tonnes in Mid-South Brazil in the 2012-2013 crop. The ethanol crop should grow by 4.58% to 21.5 billion litres.
The announcement was made by the president of the National Association of Vehicle Manufacturers (Anfavea), Cledorvino Belini.
The sector posted revenues of US$ 3.5 billion in February, a 9.9% increase over January and a 6.9% increase over February of last year.
The 2012-2013 sugarcane crop will be 5.4% larger than the preceding one, at 602.18 million tonnes, according to the National Supply Company.
The surplus was the result of trade operations, as the financial movement registered a deficit. Brazilian foreign currency reserves rose to US$ 365 billion.
The index which monitors the average prices of internationally priced primary goods exported from Brazil increased by 2.67% in March, according to the Central Bank.
The federal administration announced production fostering measures in Brazil. These include broader tax breaks on companies’ payrolls and lowered Brazilian Development Bank interest rates.
The figure was the result of US$ 21 billion in exports and US$ 19 billion in imports, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.
Financial market analysts have once again lowered their economic growth estimate, which has gone from 3.23% to 3.2% in 2012.
The public sector had a primary surplus of US$ 5.1 billion in February. It is the highest ever result for the month since the Central Bank started keeping track of results, in 2001.
At the closing of the bloc’s Summit, the Brazilian president asked for greater respect and recognition to the Brics countries, which account for 56% of the world economy.
A study conducted by the National Confederation of Industries shows that the population of Brazil boasts a high level of satisfaction with their current lives.
