Exports of the Brazilian product to the Arab country reached 1.4 million pairs year-to-date through October, up 83%.
Browsing: Economy
Brazil’s National Treasury secretary Mansueto de Almeida said the deficit should end the year at 1% of GDP, a narrower rate than the previously forecasted 1.8%.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
A September survey from the Brazilian Micro and Small Business Support Service (Sebrae) shows that owners of micro and small enterprises are planning to make investments.
Alfanar is an industrial and construction conglomerate that operates in the power sector in several countries. Arab Chamber executives visited the company’s complex outside Riyadh.
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
Numbers by Anfavea show that foreign sales from Brazil were down 22.6% year-on-year and 34.7% year-to-date.
On the back of Expo 2020, the Arab country could see its fastest non-oil growth since 2016. Sustaining it after the expo is a key priority, says IMF.
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.
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.
