Finance market projections for the Brazilian trade balance have improved for the fourth week running, according to a Central Bank bulletin.
Author: Agência Brasil
Brazilian industrial output increased by 1.9% in February compared with January, according to Geography and Statistics Institute figures.
The sum comprises public and private funds to be invested in the state over the next two years, according to a survey conducted by the Federation of Industries of the State of Rio de Janeiro.
The funds saved to cover interest on public debt were lower than in January. With this, the Public Power had a nominal deficit of 11 billion Brazilian reals last month.
The Brazilian Central Bank has reduced its Brazilian economic growth estimate for this year from 4.5% to 4%.
The former Brazilian vice president had been battling cancer for over 10 years. A businessman, he owned Coteminas, one of the country’s largest textile groups, now managed by his, Josué.
São Paulo state industry activity increased in February compared with the same month of 2010, according to the Federation of Industries of the State of São Paulo.
A group of 30 plants in Mid-South Brazil has started milling sugarcane of the 2011-2012 crop ahead of schedule, so as to add ethanol to the country’s inventories during the off-season.
The state should harvest 14.67 million tonnes of soy, an all-time high. The volume represents an increase of 730,000 tonnes over the volume forecasted last month.
The organisation ruled that some anti-dumping practices imposed by the United States on Brazilian orange juice violate the rules of international trade.
Brazilians’ international travel spending exceeded US$ 1.9 billion in first two months. It was the item that weighed down the most on the services account last month, according to the Central Bank.
Current account transactions between Brazil and foreign countries have posted a deficit of US$ 3.4 billion in February, according to the Central Bank.
According to a survey disclosed by the ILO this Tuesday (22nd), social dialogue and macroeconomic policies were key factors for Brazil to exit the world financial crisis.
The Brazilian trade balance posted a US$ 100 million deficit in the third week of March.
