Tag: Super Real

• Wednesday, May 16th 2012 - 01:03 UTC

  President Rousseff happy and supportive of the 2 dollars Real

  

  The Brazilian Real dropped past 2 per dollars for a second day as President Dilma Rousseff said it has been “extremely overvalued,” encouraging speculation the currency of Latin America’s biggest economy may fall further.

• Wednesday, November 2nd 2011 - 04:44 UTC

  Brazil heading for another record trade surplus close to 30 billion dollars

  

  Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.

• Monday, August 29th 2011 - 08:34 UTC

  Brazil loosing industry to Mercosur members with cheaper costs and lower taxes

  

  Brazilian business and manufacturing leaders are demanding a “fiscal harmonization” of the Mercosur block since other full members are attracting a growing number of Brazilian companies to those countries lured by cheap energy and qualified labour.

• Thursday, August 4th 2011 - 06:36 UTC

  July marked the second largest net inflow, in record, of dollars into Brazil: 15.8bn

  

  Brazil registered its second-largest volume of net monthly foreign-exchange inflows on record in July. Net dollar inflows in the month reached 15.83 billion, compared with 2.56 billion in net outflows in June and only 713 million in net inflows in July last year.

• Wednesday, August 3rd 2011 - 22:11 UTC

  “Buy Brazil Act” and Super Real are here to stay, says Minister

  

  Brazil's strong currency (the so-called Super Real) is here to stay, and businesses have to get used to this new environment, said Trade and Industry Minister Fernando Pimentel a day after the government announced a massive industry support program which was described is the equivalent of the US “Buy America Act”