An Extended Fund Facility agreement provides for USD 723 million to be made available over the course of three years, with 10% of the amount withdrawable immediately.
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Sales totaled USD 233 million in the first six months of this year. More than 7 tons of the metal were shipped.
Brazil’s deficit narrowed to USD 4 billion year-on-year last month, but the number is up from June’s. April and May ended on surpluses.
In the third week of the month, USD 3.557 billion in exports and USD 3.016 billion in imports led to a USD 541 million trade surplus for Brazil.
Estimate by financial institutions for the economy’s growth next year went from 1.1% to 1.2%, according to survey done by the Brazilian Central Bank. For this year, forecast of 3.2% decline remains.
Steel industry production declined in July and year-to-date on the back of weak domestic demand, but the amount exported from January to July increased.
The index released by the industry federation stood at 46.6 points last month. The number of jobs in the sector also decreased.
This year’s edition, to take place in São Bernardo do Campo, will be attended by Palestine’s minister of Religious Affairs, Mahmoud Habbash.
This week at the Dubai Foreign Market, foreign investors purchased USD 327 million worth of shares in the emirate this week, with sales reaching USD 299 million.
The Brazilian Ministry of Finance released its revised GDP estimate for 2017 this Wednesday (17), from 1.2% to 1.6%. The country is seen resuming growth in the final quarter of this year.
The facility in Pernambuco, Brazil put out over 3 million barrels of oil in July. Diesel and petroleum naphtha production also hit all-time highs.
The Education Center of the Federal University of Pernambuco and the Palestine-Recife Alliance are hosting debates and art shows focusing on the Palestinian issue on August 23 and 24.
Foreign sales totaled USD 6.9 billion from January to July. Performance was driven by machinery and electrical sectors.
Industrialists gained confidence from July to August in Brazil, according to research by the National Federation of Industry (CNI). Index hadn’t surpassed 50 points since March 2014.
