The Brazilian mining company’s iron ore pellet plant in the Arab country saw output go up year-on-year in Q2.
Browsing: Economy
Brazil’s economy was impacted in May by the supply crisis caused by truckers’ strike.
The main index of the São Paulo Stock Exchange went up 0.97% this Friday, to 76,594 points.
Manufacturing in the Manaus Industry Hub, where most of Brazil’s bicycle industry is, reached 327,800 units in the first half of this year.
Algerian oil company exported USD 16 billion worth of products from January to May, up 14% over the same period of last year.
Exports totaled USD 548.6 million in June, against USD 210.8 million in the same month of 2017. The hike occurred after the North American government imposed new tariffs on the product.
Banks polled by the Brazilian Ministry of Finance expect the Central Government to run a BRL 149.6 billion deficit this year, down from a prior BRL 151.1 billion.
The data was shown by an IMF executive this Thursday in Beirut in the first day of the Arab Economic Forum. He talked about the need for the region to promote inclusive growth and suggested policies for the countries to be able to reach it.
After two days of decline, the North American currency went up this Wednesday and ended the day at BRL 3.88.
Over 41,000 units were shipped abroad from Brazil in the first half. In June, however, foreign sales slid due to currency depreciation in Argentina.
The Brazilian Institute of Geography and Statistics (IBGE) reported that output dropped in May from April in most of the 15 locations it keeps track of across the country.
The United States currency was selling for BRL 3.797 as trading ended this Tuesday (10).
Foreign sales from Brazil were down 2.6%, while purchases were up 11.7%. The resulting trade surplus exceeded USD 1 billion.
Total oil, oil product and natural gas sales exceeded purchases in the country from January to May of this year.
