The United States currency was selling for BRL 3.877 by the end of the last business day of June. Much of the hike happened over the past three months.
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Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
Federal, state and local governments ran a combined USD 2.1 billion deficit, which is much narrower than the BRL 30.7 billion deficit seen in May 2017.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a preliminary request for bids and the minutes of contracts for the 5th Pre-Salt Oil and Gas Production Sharing Tender Round, slated for September.
The campaign #MaisMulheresDiplomatas (#MoreWomenDiplomats), launched by the Brazilian Ministry of Foreign Affairs (Itamaraty), aims to encourage the admission of more women in diplomatic careers.
The North American currency slid 0.51% and the main index of the São Paulo Stock Exchange climbed 1.64%.
The credit line will finance reforms for private investments promotion, small businesses, social program and alternative energy.
Twenty malls in the emirate are offering up to 80% off in goods and services through August 18. The campaign also includes promotions by hotels and art and culture attractions.
The Brazilian monetary authority believes the economy will see 1.6% growth in 2018, down from a prior 2.6% estimate.
The representative of the Arab League in Brazil, Nacer Alem, pointed out that the Chamber is the first partner of the multilateral organization in Brazil. The organization held a farewell dinner in honor of the diplomat.
The government saw BRL 603.4 billion year-to-date through May. One of the factors driving the hike was instalment payments by debtors.
The number of active enterprises in the country by the end of 2016 was 5.05 million, according to the Brazilian Institute of Geography and Statistics (IBGE). The number is down 1.3% from 2015.
The Brazilian of Lebanese origins Wisam Osman is the owner of chain store Macedônia, in Paraguay, and now is planning to open a store of Arab products in the city of Foz do Iguaçu. He already does business with the Middle East.
Foreign sales from Brazil came out to USD 520 million on the back of a road transportation industry strike. Industry association Abimaq is expecting a recovery.
