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Finance

29/06/2017 at 15:42h

Government lowers inflation target after 14 years

The National Monetary Council has set a 4.25% target for 2019 and a 4% one for 2020. The rate pursued by the federal administration had been 4.5% since 2003.

27/06/2017 at 16:01h

Brazilians’ spending abroad up 34%

Spending by Brazilians in other countries totaled USD 1.4 billion in May. The amount is the highest for the month since 2014.

27/06/2017 at 15:51h

Current account has highest surplus for a May

Current account’s surplus stood at USD 2.884 million last month. Year-to-date, it has a deficit of USD 61 million.

26/06/2017 at 13:48h

Public debt climbed 0.26% in May

Brazil’s external and domestic debt went up last month over the previous one. The debt reached BRL 3.25 trillion (USD 1.01 trillion).

24/06/2017 at 07:00h

Morocco to float its currency

The country will leave behind a fixed exchange rate regime to better face possible external shocks and protect its foreign exchange reserves.

23/06/2017 at 13:26h

Preliminary inflation the lowest since 2006

The IPCA-15, official preliminar inflation, came in at 0.16% in June, below May’s rate. It’s the lowest percentage for the month since 2006, according to the Brazilian Institute of Geography and Statistics (IBGE).

21/06/2017 at 16:00h

Demand for credit up 7.2%

Demand from consumers increased year-on-year in May in Brazil, credit bureau Serasa Experian reported.

20/06/2017 at 13:26h

Federal tax collection dropped in May

Taxes and contributions paid to the Brazilian federal government slid 0.9% year-on-year, but increased year-to-date through May from the year-ago period.

14/06/2017 at 18:45h

Dubai celebrates shipping industry merger

The Dubai International Financial Centre (DIFC) welcomed the United Arab Shipping Company (UASC) after the latter’s merger with Germany’s Hapag-Lloyd, creating the 5th biggest company of its kind in the world.

13/06/2017 at 13:27h

Market sees primary deficit narrowing

Brazilian banks polled by the Ministry of Finance estimate that the so-called Central Government will run a BRL 142 billion deficit this year. As of May, a BRL 148 billion deficit was expected.

12/06/2017 at 19:52h

Ministry cooperates with development bank

The Brazilian Ministry of Industry, Foreign Trade and Services entered into a memorandum of understanding with the Development Bank of Latin America this Monday (12).

09/06/2017 at 19:26h

UAE public joint stock companies worth USD 80 bn

This is the total capital of PJSC companies listed at the Securities and Commodities Authority of the Arab country.