Monetary Policy Committee (Copom) reduced Selic from 5.5% to 5% per annum last week. Minute released this Tuesday points to a new 0.5 percentage point reduction in the next meeting.
Browsing: Economy
Foreign investors purchased Brazilian government bond issued by the National Treasury at the smallest interest rates from the past seven years.
Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
The National Treasury said new and existing papers will be issued, and that it will repurchase US dollar-denominated bonds.
Foreign sales slid by 20.4% year-on-year to USD 18,23 billion. The trade surplus narrowed by 80%.
Industrial output increased in September from August but declined year-to-date.
The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected.
This was the best consolidated public finances result for a September in four years.
Brazilian aircraft manufacturer delivered 17 commercial and 27 business jets in Q3 2019. Firm order backlog was USD 16.2 billion in late September.
Central Bank’ Focus Readout reported.
The Brazilian state-run oil company’s Institutional Relations director Roberto Ardenghy, who joined a seminar concurrent with president Jair Bolsonaro’s trip to the UAE, also said the company is looking for partners to bid in tenders with.
Brazilian mining company posted a gain of USD 1.6 billion in Q3 2019, reversing its loss in Q2.
The Egyptian pound strengthened against the US dollar on Thursday (24), trading at 16.10 against the greenback, up 9.85% year-to-date, which was boosted by higher foreign exchange inflows.
Do-your-homework-type advice regarding infrastructure, sustainability and reforms set the tone during Brazil Summit, a conference hosted by British magazine The Economist this Thursday in São Paulo.
