The surplus results from exports of US$ 2.616 billion and imports of US$ 2.478 billion in the first three working days of the month.
Author: Agência Brasil
The forecast is in the Focus bulletin, disclosed today (6) by the Central Bank of Brazil. Forecasted Industrial production is expected to grow 11.37%. In 2011, growth should be 5%.
The company submitted a bid to the Exchange Commission for a public offering of 2.174 billion new ordinary shares and 1.585 billion new preferred shares. The funds will finance its investment plan.
Planned investment increased 26.5% over the same period of 2009. The results are higher than in the period that preceded the world economic crisis, in 2008.
The Brazilian Ministry of Agriculture forecasts that 651.51 million tonnes of sugarcane should be processed during the 2010-2011 crop cycle, as against 604.5 million in the previous season.
The new deposit found in the state contains 11 billion tonnes of iron ore. It is located in the municipality of Mirassol D’Oeste and also contains potassium.
The figure is a result of US$ 19.236 billion in exports and US$ 16.796 billion in imports.
Last year, sugarcane had the highest share of the Brazilian energy matrix since 1992, according to a Statistics Institute survey. Presently, cane accounts for 18% of power generation in the country.
The draft submitted to the National Congress today allocates US$ 24.7 billion to works in Brazil in 2011. The figure concerns federal government funds only.
Micro and small businesses account for more than half the formal job positions in Brazil. Most of these jobs are in the interior of the country, informs the Micro and Small Business Support Service.
The two public banks are going to receive US$ 4 billion in capital increase through Petrobras shares belonging to the Federal Government. Caixa should double its portfolio in coming years.
Country has sufficient power to grow by 7% a year up until 2014, according to the Energy Research Company. An auction of alternative sources and reserve energy was held this week.
The estimate was made by the Federation of Industries of the State of São Paulo (Fiesp). Industrial activity increased by 2.6% in July and by 12.7% since January.
The Sugarcane Industry Association revised its estimate for this year’s sugarcane crop due to a dry spell. A total of 573.83 million tonnes should be milled, a 3.7% decline over the last projection.
