The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.
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Central Bank of Brazil revised down the country’s economic growth forecast to 0.8% from 2%.
Arab Brazilian Chamber representatives are attending the event in Berlin. Brazil is a major food supplier for the Middle East and North Africa countries.
Revenue from the capital goods industry reached USD 1.9 billion in the month. Exports climbed 43%.
Minutes of its Monetary Policy Committee (COPOM)’s latest meeting show estimates for the Brazilian economy in Q2.
Exports came out to USD 4.4 billion last week, with imports amounting to USD 2.7 billion.
Auctions expected to take place until 2022 are expected to include airports Santos Dumont, in Rio de Janeiro, and Congonhas, in São Paulo.
Surplus reached USD 662 million last month. This was driven by the trade balance, particularly agricultural exports.
French car manufacturer unit will produce 100,000 cars per year and expects to double this number by 2023.
The country exported 3.5% less over the first five months this year. Imports dropped by 3.1% in the same period.
The amount of foreign direct investment which entered the country from 2016 to 2018 was the 27th biggest in the world. Brazil was the 7th biggest FDI destination.
Brazilian economy was down by 0.9% in the three months through April and 0.1% in the month.
The UAE’s satellite-based internet provider is offering new subscribers one month free of charge, available through June 30.
Abu Dhabi National Oil Company announced this Monday (17) the formation of a joint venture with Netherlands-based OCI N. V., expecting it to be global nitrogen fertilizer leader.
