Brazil’s benchmark rate has been kept at 6.5% per annum for the third straight time, in a decision made this Wednesday by the Monetary Policy Committee.
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Last month, 306,700 units were sold in the country. Year-to-date, sales have reached almost 2 million.
Brazil’s foreign purchases were up 42.7% year-on-year in July, whereas foreign sales increased by 16.4%. As a result, the country’s trade surplus grew 32.7% narrower.
The Arab Chamber held a workshop to present the existing opportunities to Brazilian companies in the Arab countries’ construction sector. Growing economies and diversification are attractive features.
Results improved over May in Brazil, although this was partly imputed to the fact that shipping was held back by the trucker strike.
The Brazilian egg producer is ranked 12th worldwide and has been exporting to four countries for twelve years, including the United Arab Emirates, which buys 75% of the company’s total exports.
Despite the appreciation of the last few days, the North American currency dropped in price in the month.
Brazilian industries of capital goods exported USD 4.76 billion worth of products from January to June.
The Brazilian planemaker posted a net loss of BRL 467 million (USD 126.5 million) in this year’s second quarter.
The emirate’s stock exchange will offer futures market shares for major Saudi Arabian corporation starting in September.
The United Arab Emirates and holding company Masdar entered into an agreement that provides for the development of sustainable initiatives in food production.
The North American currency ended Monday at BRL 3.73.
Financial institutions polled by the Brazilian Central Bank kept unchanged their GDP growth forecast for the Brazilian economy in 2018 and 2019.
The United States currency was selling for BRL 3.72 as trading ended on Friday.
