The expectation from financial institutions regarding the 2018 Extended Consumer Price Index (IPCA) remains the same as last week’s.
Author: Agência Brasil
The Brazilian state-run oil company posted BRL 10.7 billion in net profit in quarter two this year, up 45% from a year ago.
The Petrobras subsidiary that operates in the fuel distribution sector posted a net profit of BRL 263 million (USD 72.90 million) in Q2 2018.
The amount will be used by the company in wind projects until 2020 to increase wind energy generation in one thousand megawatts.
Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
Results improved over May in Brazil, although this was partly imputed to the fact that shipping was held back by the trucker strike.
The North American currency ended Monday at BRL 3.73.
The rate was registered in July’s second half by the Brazilian Hotel Industry Association (ABIH NACIONAL).
Financial institutions polled by the Brazilian Central Bank kept unchanged their GDP growth forecast for the Brazilian economy in 2018 and 2019.
The United States currency was selling for BRL 3.72 as trading ended on Friday.
Brazil, Russia, India, China and South Africa may help deter the global trend, the Brazilian minister of Foreign Affairs Aloysio Nunes said.
The country saw a USD 435 million surplus in June of this year.
The North American currency ended this Wednesday at BRL 3.702, dropping 1.09% over the previous day.
The country produced 17.2 million tons in the year’s first six months. Exports dropped in volume, but revenues climbed.
