Financial institutions expects the Selic to be reduced by 0.25 percentual point in the Copom meeting this week.
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Executive Board published a report about the Arab country and forecasted non-oil GDP growth at 5.4% in 2019.
The first half saw 17.2 million tons of raw steel manufactured, down 1.4% year-on-year. Exports were down 2.4%.
Loans made by Brazil’s state-run BNDES amounted to USD 25 billion in H1. Consultations and approvals declined even more.
Country received USD 2.19 billion, down 68% from a year ago. Amount was not enough to cover current account deficit of USD 2.91 billion in the month.
The value of announced merger and acquisition deals in the MENA region increased to USD 115.5 billion in H1, up 221%. Highlight is Uber’s acquisition of Careem Networks.
Expenditure during international trips was up 2.44% year-on-year to USD 1.5 billion.
Brazil saw 48,400 posts created in June, as per data from CAGED.
Fund allowed Egypt to draw USD 2 billion, the fifth part of the USD 12 billion agreement signed in 2016. IMF acting managing director praised the reforms made by the country.
Brazil’s Federal Revenue has changed its stance on charges formerly applicable to entry of funds stemming from foreign salese, as per this Wednesday (24)’s Federal Gazette.
Oil company approved the sale of 30% of the subsidiary’s capital stock.
KIPIC, a subsidiary of Kuwait Petroleum Corporation, will implement technologies and processes to increase Al-Zour’s output capacity.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Federal revenue reached almost USD 32 billion in the month, up 4.7% from a year ago, when the truckers’ strike impaired collection.
