Brazilian foreign sales are concentrated mainly on basic goods, but measures are being taken for finished products to increase their share.
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Brazil’s state-run oil company produced 2.47 million barrels of oil equivalent per day worth of oil and gas in August.
The surplus is the result of last week’s USD 5.4 billion in exports and USD 3.4 billion in imports.
Spending on foreign trips totaled USD 1.382 billion. The decline occurred due to the dollar’s appreciation against the real.
The Fund’s managing director Christine Lagarde said the Arab country is one of the fastest-growing economies in the Middle East.
Projections regarding Brazil’s Extended National Consumer Price Index (IPCA) moved up for the second straight week, to 4.28%.
The North American currency ended this Friday at BRL 4.05, down 0.59% over the previous day.
The Brazilian government saw revenue go up 1.08% year-on-year.
The National Agency of Petroleum, Natural Gas and Biofuels (ANP) has approved four measures to encourage onshore and shallow-water operations.
The North American currency’s value dropped 1.27% this Thursday, the second straight day of decline.
The Organization for Economic Co-operation and Development revised its 2018 projection regarding the Brazilian economy from 2% to 1.2%.
Money sent from foreigners living in the UAE to their home countries totaled USD 24 billion in H1 2018.
The indicator rose in Q2 2018 over the first quarter, reaching the highest level since Q4 2015.
The three months through July saw activity weaken in the country from the three months through April, as per the GDP Monitor survey from think tank Fundação Getulio Vargas. (FGV)
