Brazil’s dollar outflow bigger than the inflow in US$ 2.4 billion from January 2 to 9, according to the Central Bank.
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The figure was the result of US$ 13.4 billion in exports and US$ 11.4 billion in imports last year. Revenues from sales to Arab countries decreased, but sales volume increased.
Industry bets on the devaluation of the real against the dollar to turn the price of the Brazilian product more competitive. The United Arab Emirates is one of the desired markets.
The institution posted a net profit of US$ 2.9 billion last year. The board of directors recommends the distribution of a cash dividend of 75% of the nominal share value.
By quarter three this year, the country will have issued a combined US$ 1.75 billion in bonds. The money will be spent on fuelling economic growth.
The negative result in the first two weeks reached US$ 983 million, with both exports and imports dropping.
A poll with financial institutions conducted by the Brazilian Central Bank indicates higher prices and lower growth than in prior forecasts.
After staying flat for two days, the commodity’s price has dropped anew, to its lowest in nearly five years.
The entertainment and sports enterprise IMX is part of the consortium that manages the Maracanã Stadium in Rio and owns a stake in the Rock in Rio music festival brand.
The country sold 334.5 vehicles abroad last year. Domestic production was at 3.15 million cars, buses and trucks, 7% less than in 2013.
Indicator was down 0.7% from October and down 5.8% from November 2013. In 12 months, production declined by 3.2%.
The Brazilian Central Bank’s Brazil Commodities Index index was down 1.24% last month, but up 5.47% throughout 2014.
Outgoing US dollars from Brazil were in excess of inbound ones by over US$ 9 billion. In December alone, there was a US$ 14 billion deficit.
Output was up 13% year-on-year in Brazil in November, but declined by 1.5% in November from October 2014.
