Brazil’s foreign trade had USD 5.5 billion in exports and USD 3.6 billion in imports in July’s third week.
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Financial institutions polled by the Brazilian Central Bank expect the Brazilian economy to grow 1.76% in 2018. Last week’s forecast called for a 1.94% forecast.
The two countries that played each other in the World Cup opener signed an oil and gas agreement in a meeting of ministers in Russia.
The Brazilian monetary authority said it will offer currency swap contracts starting next week to reduce volatility of the United States currency.
The United States currency closed at BRL 3.812 this Thursday, up 2.64% from the day before.
The Organization of the Petroleum Exporting Countries increased output in 35,000 barrels per day in May. Saudi Arabia alone increased its production in 85,500 barrels.
The Brazilian trade surplus is the result of USD 4.849 billion in exports and USD 3.935 billion in imports in the month’s first two weeks, which had only six business days.
From January to May, the country shows up at the 17th position in the rank of footwear importers from Brazil. But, in volume, exporters declined 16%.
The country produced 96,600 units in May. Exports increased 37% in the same month.
Throughput at government-managed ports in the country was up 3.2% in the first quarter, while privately-run terminals saw a 2.3% decline in cargo handled.
The International Air Transport Association, which represents 290 airlines in 120 countries, says governments must be cautious in handing airports over to private sector players.
The opening will be in September, with the brand planning a second store until the end of the year. The Brazilian cosmetics company signed a five-year agreement with Millennial Capital Ltd.
An indicator from the Institute for Applied Economics Research (Ipea) showed an increase in April from March.
ANP sold three of the four blocks offered in an auction this Thursday (7).
