Foreign direct investment in Brazil reached US$ 66.66 billion last year, which financed the US$ 52.612 billion current transaction deficit, an all-time high.
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The Fund has revised down its estimates for this year and the next one. The world economy should grow by 3.3% in 2012, and Brazil’s should grow by 3%. Euro zone crisis is worse than expected.
The Fund has revised down its estimates for this year and the next one. The world economy should grow by 3.3% in 2012, and Brazil’s should grow by 3%. Euro zone crisis is worse than expected.
Brazilian foreign trade ran a deficit for the third week in a row. Exports reached US$ 3.206 billion and imports, US$ 3.785 billion.
The Superjumbo is made by Airbus and operated by Emirates Airline, among others. Units owned by Qantas and Singapore Airlines had cracks in their wings that were caused during the aircraft’s assembly.
In 2011, the sector posted a US$ 5.8 billion surplus. The Organization of Brazilian Cooperatives ascribes the good result to a commodity price hike.
The funds were made available in the form of government bonds. The operation concludes the allocation, of US$ 31 billion to the bank, as authorized last year.
An UN report forecasts 5% growth in the African economy in 2012, against 2.7% in 2011. In the Middle East, the estimated growth is 3.7%, as against 6.6% in the same period.
In 2011, the company’s average oil and natural gas production was 2.376 million barrels of oil equivalent a day. The volume is 1.6% greater than in 2010.
The industry produced 35.2 million tonnes of raw steel last year. Rolled steel manufacturing, however, dropped by 1.1% and reached 25.1 million tonnes.
The 86-year-old businessman died of natural causes on Wednesday evening. He was the president of the Arab Brazilian Chamber from 1983 to 1986 and was one of the foremost Arab personalities in Brazil.
A survey conducted in eight emerging countries indicates that the consumers in Brazil and the most optimistic regarding an increase in their incomes. In the country, 58% believe in an increment.
Fund’s director Massod Ahmed stated that the country’s economy is facing difficult challenges, despite its solid foundations. Negotiation for a support program will continue in weeks to come.
Report issued this Wednesday revises the increase in Gross Domestic Product of developed and emerging countries, and points to recession in the Eurozone.
