logo_anba_en logo_camera_en

Dollar ends week on high note

24/02/2017 at 19:00h

São Paulo – The US dollar was selling for BRL 3.113 at closing time this Friday (24), up 1.86% from Thursday, when it had dropped to the lowest price since May 2015. During the week, the dollar gained 0.66%, but month-to-date the currency is down 1.2%.

Ibovespa, the main index of the São Paulo Stock Exchange (Bovespa), slid 1.18% to 66,662 on Friday. The biggest gaining shares were Gerdau PN, Marfrig ON, Natura ON, Klabin UNT, and Weg ON. Ecorrodovias ON, Lojas Renner ON, Petrobras ON, Lojas Americanas PN and BM&FBovespa ON slid the most. The most traded papers were Vale PNA, Petrobras PN, Vale ON, ItauUnibanco PN, and Ambev ON, all of which were bearish.

Translated by Gabriel Pomerancblum

Dollar drops to lowest level since May 2015

23/02/2017 at 19:23h

Brasília – The US dollar closed this Thursday down 0.46% to BRL 3.056, the lowest price since May 2015. The currency remained low throughout the day.

Investors cheered up as the US’ Federal Reserve is not expected to raise the interest rate any time soon.

Ibovespa, the main index of the São Paulo Stock Exchange (Bovespa), closed down 1.64% to 67,461 points.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Government slashes local content requirements for oil exploration

22/02/2017 at 18:43h

Brasília – The Brazilian government ruled on this Wednesday (22) that domestically-made equipment and service requirements in oil and gas exploration tenders will be slashed by 50%. The rates required will be 50% for onshore exploration, 18% for offshore operations during the exploration stage, 25% for the building of offshore wells, and 40% for offshore loading and offloading systems. The rate of locally-made content required on oil rigs will be 25%.

Currently, the requirements are decided upon separately for each bidding round. The new rules outlined by the government will be applied during the 14th tender round for oil and natural gas exploration blocks, slated for September, and during the 3rd tender round of pre-salt blocks, in November.

*Translated by Gabriel Pomerancblum

Spending by foreign tourists climbed in January

21/02/2017 at 19:14h

São Paulo – Spending by foreign tourists during trips to Brazil got off to a strong start in Brazil this year. The Ministry of Tourism reported that international travellers spent USD 664 million in Brazil in January, a 2.17% increase from USD 650 million in January 2016.

*Translated by Gabriel Pomerancblum