The balance is related to the month of July by the 18th. Last week’s result was positive by US$ 1.3 billion, but it was not enough to change the month’s outlook.
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The Ministry of Planning lowered from 2.5% to 1.8% the Brazilian economy growth forecast this year. Inflation rate projection, however, has increased.
The reduction of the value allowed to enter Brazil tax-free did not even become effective before the government reversed its decision. The quota would be lowered to US$ 150, but will remain at US$ 300.
The coordinator of Fundação Santo André’s Latin American Studies Centre, Marcelo Buzetto, is speaking at the Syrian Arab Culture Centre this Tuesday evening. Admittance is free.
Export value exceeded US$ 14 billion to date in July. The balance of trade shows a US$ 497 million surplus month-to-date.
Financial organizations analysts revised down the Brazilian economic growth forecast for 2014 for the eighth consecutive week. It has been moved from 1.05% last week to 0.97% in the current week.
Tecnovidro has supplied the product for 32 buses which Brazil’s bus maker Marcopolo is shipping to Abu Dhabi. Double-glazing will be used in order for improved acoustics and insulation.
Production averaged at 555,000 barrels per day this week and 470,000 bpd last week, after the government repossessed of ports and facilities shut down by protesters.
The port moved 9.8 million tonnes of cargo last month, the highest volume ever for June. Exports increased but imports declined.
In the first half this year, 2 million tonnes were imported, according to Instituto Aço Brasil.
In the first half of the year, the Arab bank had a net profit of US$ 514 million. Total assets reached US$ 71.1 billion, up 11.7% from 2013.
The decline took place in May from April, as per a Brazilian Central Bank index. It was the second month-on-month reduction this year.
A mission from the Fund has given a positive assessment of the country’s election calendar, fiscal performance and subsidy reductions, but noted that the economy remains fragile.
Hike was 1.6% from the six first months of 2013. But motorcycle production should decline by 3% this year, according to forecast by Abraciclo.
