The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
Author: Agência Brasil
The Brazilian Institute of Geography and Statistics (IBGE) reported growth in four out of the five subsectors tracked during the month, the exception being information and communication services.
ICE fell for the third quarter straight, from negative 26.4 points in July to negative 28.2 points in October.
Brazil’s National Treasury secretary Mansueto de Almeida said the deficit should end the year at 1% of GDP, a narrower rate than the previously forecasted 1.8%.
Institute created nucleus with researchers to study the impact of science and technology on economy and society.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
A September survey from the Brazilian Micro and Small Business Support Service (Sebrae) shows that owners of micro and small enterprises are planning to make investments.
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
Numbers by Anfavea show that foreign sales from Brazil were down 22.6% year-on-year and 34.7% year-to-date.
Monetary Policy Committee (Copom) reduced Selic from 5.5% to 5% per annum last week. Minute released this Tuesday points to a new 0.5 percentage point reduction in the next meeting.
Foreign investors purchased Brazilian government bond issued by the National Treasury at the smallest interest rates from the past seven years.
The National Treasury said new and existing papers will be issued, and that it will repurchase US dollar-denominated bonds.
Industrial output increased in September from August but declined year-to-date.
This was the best consolidated public finances result for a September in four years.
