The Brazilian Finance minister Guido Mantega stated that the government will use the necessary mechanisms to prevent the country’s currency, the real, from appreciating against the dollar again.
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Current transactions in Brazil ran a US$ 6.8 billion deficit in November, resulting in a year-to-date deficit of US$ 45.8 billion, according to the Central Bank.
The decline in Libyan oil production and exports due to the civil war has caused losses of US$ 20 billion. The country, however, is already producing 1 million barrels per day.
The Brazilian balance of trade went back to a surplus last week, at US$ 542 million, after having run a US$ 731 million deficit in the preceding week.
After meeting with the president of the world’s newest country, the International Monetary Fund’s managing director claims, however, that the nation is able to realize the dreams of its population.
Around 40 Arab buyers will visit the largest shoe and leather product fair in Latin America in January. The presence of businessmen from the region grew 45% from 2010 to 2011.
The bus body manufacturer based in the state of Rio Grande do Sul estimates that 200 units should be made at its factory in 2012. This year, the volume was lower than that due to the Arab Spring.
The Brazilian president Dilma Rousseff stated that her economic growth target for 2012 is 5%. She showed optimism and said inflation will remain under control.
The increase took place over five years. Foreign investment portfolio reached US$ 660.5 billion by December 31, 2010, according to the Census of Foreign Capital in Brazil, issued by the Central Bank.
Revenues with shipments grew 21% over the same month last year, but dropped 5% in comparison with October 2011.
International Monetary Fund’s managing director meets with Iraqi prime-minister and claims that the Arab country is on the path to growth.
The Moroccan OCP, of phosphates, and multinational Yara, of fertilizers, signed an agreement regarding a complex in Rio Grande do Sul. The Arab country will supply raw material to the unit.
Secretariat for Culture and Public Archive of the State of São Paulo uploaded 87,000 photos, records and documents of immigrants on the Museum of Immigration website. The material has been restored.
Dollar outflow outstripped the inflow in Brazil from December 1 to 9, according to the Central Bank, resulting in a deficit in the flow of foreign exchange.
