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Finance

29/05/2017 at 13:27h

Banks expecting a cut in interest rate

A survey by the Brazilian Central Bank states that financial institutions are expecting the benchmark interest rate to be cut by 1 percentage point in a Copom meeting this week. Inflation forecast was revised up.

24/05/2017 at 13:47h

Federal public debt rose 0.3%

The increase took place in April over March with the debt reaching BRL 3.24 trillion (USD 988 billion), according to data from the National Treasure.

23/05/2017 at 16:05h

External accounts register surplus in April

It was the second consecutive month that Brazil’s current accounts registered a surplus. It stood at USD 1.1 billion, driven up by the trade balance.

23/05/2017 at 12:50h

Overseas spending by Brazilians up

Travelers from Brazil spent USD 1.3 billion in other countries in April, up 23% from a year ago.

23/05/2017 at 07:00h

Somalia’s economy to grow by 2%

Drought in the Arab country will affect economic growth in 2017, according to the International Monetary Fund (IMF). Inflation is poised to exceed 3%.

22/05/2017 at 12:27h

Banks revise down inflation forecast

The financial market brought down its estimative for Brazil’s inflation for the 11th consecutive week. The forecast calls for an increase of 3.92% this year against the previous one that signaled 3.93%.

18/05/2017 at 19:01h

Mauritania got 77 loans from ADB

Since its inception, the African Development Bank has granted USD 845 million in loans to the Arab country, the bulk of which went to industry.

11/05/2017 at 13:40h

Banks forecast wider primary deficit

A poll of Brazilian financial institutions conducted by the Ministry of Finance points to an expected BRL 148 billion deficit this year, a wider number than the government’s BRL 139 billion target.

08/05/2017 at 13:57h

Banks revise down inflation estimate

The increase in prices expected by Brazilian financial market players for 2017 changed from 4.03% to 4.01%. The GDP growth forecast edged up to 0.47% from 0.46% last week.

05/05/2017 at 13:55h

Government deficit was 8.5% of GDP

Brazil’s IBGE, National Treasury and Central Bank reported that the federal government had a net operating loss of BRL 512.2 billion in 2015. In 2014, the deficit had been equivalent to 4.9% of GDP.

04/05/2017 at 18:49h

UAE: listed companies’ profits up

Net profit numbers by companies whose shares are traded in the Abu Dhabi and Dubai stock exchanges climbed by 6.7% in the first quarter. Banks were the highlight.

28/04/2017 at 13:52h

Primary deficit the worst on record for a March

Brazil’s federal, states and local governments registered last month a primary deficit of USD 3.47 billion, up from USD 3.3 billion in March 2016.