The oil price slump and increasing imports have stemmed the influx of currency to the country. Foreign exchange reserves amount to USD 108 billion right now.
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The Japanese group JTEKT will build its first plant in Africa and the Middle East in Tangier. The project’s first phase will require investments of EUR 15 million.
The National Monetary Council has set a 4.25% target for 2019 and a 4% one for 2020. The rate pursued by the federal administration had been 4.5% since 2003.
Index measured by Fundação Getulio Vargas on the issue climbed 14.4 points in June over May and reached 142.5 points, in a reflection of Brazil’s economic uncertainty scenario.
Data made public by SPTuris reveal which are the largest communities of expats in the city of São Paulo. Lebaneses are the most numerous among the Arabs.
The minister of Finance declared that the Brazilian economy will grow less this year than was estimated by the government.
The Brazilian capital goods industry exported USD 705 million worth of product last month. The amount is up 12% from April and 1.3% from May 2016.
The index measuring products’ factory-gate prices registered 0.12% of inflation rate in May, after a decline in April.
From January to May, shipments from Brazil to the countries in the region totaled USD 4.84 billion. Imports climbed 23.7% in the period.
The Qatari airline will hold an open day-type event in Brazil on July 2. Applicants are required to bring a resume or CV and other documentation.
Spending by Brazilians in other countries totaled USD 1.4 billion in May. The amount is the highest for the month since 2014.
Current account’s surplus stood at USD 2.884 million last month. Year-to-date, it has a deficit of USD 61 million.
The country’s foreign sales totaled USD 5.1 billion in Q2 of the 2016/2017 fiscal year, an increase of 18.6% over the same period of the previous fiscal year.
Last week saw exports reach USD 4.88 billion and imports reach USD 3.126 billion, according to the Brazilian Ministry of Industry, Foreign Trade and Services.
