The Brazilian state-owned company registered a net profit of BRL 6.9 billion (USD 1.97 billion) in this year’s Q1.
Author: Agência Brasil
Over 73,000 vehicles got shipped in April, with revenue coming out to USD 1.68 billion, up 37% over April 2017.
Financial institutions polled by the Brazilian Central Bank expect the economy to expand by 2.70% this year, down from a prior 2.75% forecast.
Four oil and gas blocks in the Campos and Santos basins will be auctioned under a production-sharing scheme. The auction is expected to take place on September 28.
Brazil saw a surplus of USD 6.142 billion in April, 12% less than in the same month of 2017. Exports declined and imports went up.
The price index of commodities produced in Brazil increased 4% over March, according to the Brazilian Central Bank (BC). This year, the index has risen 3.64%.
Primary deficit stood at BRL 25.135 billion (USD 7.36 billion), the worst result for the month in the Brazilian Central Bank’s historical series.
According to the Brazilian Institute of Geography and Statistics (IBGE), by the end of March there were 13.7 million people out of work in the country.
A conference in Brussels gathered 36 countries and donor organizations, which have committed to donate over USD 3.4 billion next year.
March saw revenue outweigh spending by USD 798 million surplus, but year-to-date there was a deficit.
This was the third straight month of net job creation in the country. Year-to-date through March, 204,000 positions were created.
International Monetary Fund managing director Christine Lagarde also said the country needs a smart, gradual fiscal consolidation.
Restrictions have been put in place as a consequence of the Brazilian Federal Police’s ‘Operation Weak Flesh.’
According to the Electric Energy Trading Chamber (CCEE), the rise in temperatures last month impacted directly the consumption of energy.
