The Brazilian institution established a USD 60 billion swap line with Fed to increase the supply of the US currency in Brazil.
Author: Agência Brasil
Demand for foreign products was up 14.6% and for domestic products 8% in January from December.
Banco do Brasil’s new facility will power up 100 of its branches.
Brazil’s Banco do Brasil and Caixa Econômica Federal announced that financing will be made available to businesses whose finances take a hit from the pandemic.
The state-run oil company signed a contract transferring ownership of areas in Bahia, Brazil to Eagle.
The Brazilian state-run oil company is divesting itself of its entire stake in Petrobras Colombia Combustibles, which distributes and sells fuel and lubricants.
Company shipped 238,000 barrels of fuel oils a day in February.
Four public hearings will be held to disclose details regarding 22 Brazilian airports.
Sales of the Brazilian government bonds to natural persons USD 464 million in January, a year-on-year decrease.
Financial institutions polled by the Brazilian Central Bank expect inflation to be 3.20% this year in Brazil, down from last week’s 3.22% estimate.
IPEA revised up its 2020 growth forecast for the sector based on good prospects of soy and coffee output.
GDP was up in 2019, driven by investment and household expenditure, Fundação Getulio Vargas’ GDP Monitor report shows. The index is not the official GDP.
Brazil’s economy grew year-on-year in 2019, as per the Brazilian Central Bank’s Economic Activity Index.
A survey from the Brazilian Institute of Geography and Statistics (IBGE) shows that the growth was driven by computing and communication services.
