The balance is US$ 1.1 billion in Brazil in the first eight days of May, according to the Central Bank.
Author: Agência Brasil
The company had earnings of 5.8 billion reals in the first quarter, a reduction of 20% over the same period in 2008. The retraction in domestic demand also affected the result.
The trade balance surplus is the result of exports of US$ 2.923 billion and imports of US$ 2.376 billion.
There was growth this quarter when compared to the previous quarter, despite a reduction in the rate of expansion.
The evaluation was by the Institute of Applied Economic Research (Ipea) and shows a very different result from what Brazil lived in the last quarter of last year.
A proposal for reducing tariffs on foreign sales was presented last Friday by automotive sector businessmen to the minister of Development, Miguel Jorge, as a means to halt the decrease in shipments.
Last Thursday, the National Treasury issued foreign debt bonds with ten-year maturity. The interest rate to be paid, of 5.8% a year, is the second lowest ever for this type of bond.
Henrique Meirelles said that Brazil is leaving the international financial crisis, which began in the United States, in a more favourable situation than most companies.
Industrial production in Brazil grew slightly in March over February, up 0.7%. This is the third consecutive increase when compared to the previous month. Over March 2008, there was a reduction.
The Brazilian trade surplus was US$ 3.7 billion in April, as a result of US$ 12.3 billion in exports and US$ 8.6 billion in imports.
The director general of the World Trade Organization was elected last Thursday for another term, starting on September 1st. He has headed the organisation since 2005.
To Luciano Coutinho, the bank’s first quarter performance is proof of it. Disbursements totalled nearly US$ 8.7 billion, growth of 13% over the same period of 2008.
Sugarcane milling in the Centre-South of Brazil should total 550 million tonnes in the 2009/2010 crop. The estimate was supplied by the São Paulo Sugarcane Agroindustry Union.
The sum of dollar inflow and outflow in Brazil remained positive by US$ 596 million up until the 24th this month. The flow of finance is running a deficit, and the flow of trade recorded a surplus.
