American currency ended this Wednesday valuing BRL 4.26, a new record high. The Central Bank sold funds from reserves during the day.
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Brazil’s internal and external debt declined over September, to USD 979 billion.
Country has made progress to maintain economic stability, but challenges remain, such as fiscal imbalances unemployment for youth and women, IMF report reads.
GDP growth was driven by a 6.2% rise in the logistics sector. Foreign trade also had an impact.
At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
Minister of Mines and Energy, Bento Albuquerque, said the work of Angra III power plant is set to resume in 2020.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
The bank saw USD 646 million in net profit in Q3, up 70% from Q3 2018. Year-to-date through September, net profit climbed 159% to USD 3.95 billion.
The Brazilian Central Bank’s Economic Activity index increased in quarter three from quarter two.
The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
