The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
Browsing: Economy
The first week of the month saw exports from Brazil reached USD 2.403 billion, with imports amounting to USD 1.705 billion.
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.
A theme park that simulates a safari will rely on 14 vehicles supplied by the manufacturer based in Rio Grande do Sul, Brazil. The company plans to increase its sales to Arab countries.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Consumption went up in all four major sectors surveyed and in all five regions of Brazil. The biggest increase was in industry.
The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.
The minutes from the latest meeting of the Monetary Policy Committee show a willingness to accelerate cuts in the benchmark interest rate, which is now 12.25% per annum.
Agreements signed on Tuesday amount to USD 2.225 billion and include stakes in pre-salt oilfields.
Brazil saw a primary surplus of BRL 6.7 billion. For the full-year result, however, a BRL 143 billion deficit is expected.
Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
The rate of locally-made equipment and services will be reduced by 50% in oil and gas drilling tenders.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
