Corporations run by federal government ran USD 6.5 billion in profit in Q1. BNDES saw the strongest numbers.
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Monetary Policy Committee cut down Selic by 0.5 percentage point, to 6% per annum. Reduction is higher than forecasted by the market.
Jordanian airline recorded a USD 2.1 million net profit, against a net loss of USD 18 million a year ago.
The region’s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.
A National Petroleum Agency division superintendent said the auctions convey information regarding the pre-salt area and bring new investors to Brazil.
The country’s fiscal deficit grew significantly narrower year-on-year in the first half, to USD 1.5 billion.
The industry grossed BRL 6.75 billion, down 12% year-on-year, and exports are also on their way down.
Such is the amount available for Brazilian federal companies to invest during the rest of 2019.
The increment was driven by non-oil sectors including services, industry, public works and agriculture.
Deficit at public accounts was lower than a year ago, when it reached USD 3.6 billion.
Financial institutions expects the Selic to be reduced by 0.25 percentual point in the Copom meeting this week.
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.
