The Brazilian federal government will create rules in a bid to attract international capital into the oil refinement market, currently near single-handedly dominated by state-run company Petrobras.
Author: Da Redação
The total amount withdrawn from savings accounts was USD 3.4 billion higher than the sum of deposits during January, the Brazilian Central Bank reported.
Brazil’s federal, states and local governments saw the widest deficit for a September since the Central Bank began keeping records. The September 2015 deficit had been USD 2.2 billion.
According to the Brazilian minister of Mines and Energy, the federal government should auction old onshore fields in February and halfway through the first half of next year.
As per a Brazilian Central Bank poll of financial institutions, national Gross Domestic Product (GDP) is seen shrinking 3.18% this year. Last week’s projection had been 3.20%.
The judoka Sergiu Toma won bronze for the United Arab Emirates in the men’s under 81 kg category this Tuesday at the Rio Summer Olympics.
Brazil’s Extended National Consumer Price Index was at 0.35% last month, down from 0.78% in May, and drove H1 inflation to 4.42%; the rate was 6.17% in H1 2015.
The road supplies manufacturer’s revenues were up 4.8% in Brazilian real, but down 19.1% in US dollars in Q1 this year.
As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Brazilian Chamber that businesses must redouble their export efforts.
The halal food company Al Islami intends to open an office in São Paulo soon and is considering having a facility for processing poultry in the country.
Brazil’s Development Ministry and National Federation of Industry have entered into a cooperation deal to work in tandem to attract productive investments into the country.
The Economic Activity Index edged down 0.52% in November, the Brazilian Central Bank reported.
The IMF says the cheap commodity could mean asset quality and liquidity in the financial system might deteriorate. However, it also says local banks are well-capitalized and prepared to manage risks.
The Brazilian government issued a statement condemning the explosions that took place in Beirut last Thursday evening (12th), claiming at least 41 lives. There are no reports of Brazilian victims.
