Brazil

Brazil
Saturday, June 11th 2011 - 10:52 UTC

Italy recalls ambassador on Brazil’s refusal to extradite four-murder terrorist

Cesare Battisti, was arrested in Brazil in 2007 and was granted refugee status in 2009 by then president Lula da Silva

Italy recalled its ambassador to Brazil on Friday after Brasilia refused to extradite a former left-wing guerrilla convicted of four murders. The decision by Brazil's Supreme Court earlier this week to uphold a government refusal to extradite Italian Cesare Battisti, allowing him to walk free, has brought relations between the two countries to a low point.

Friday, June 10th 2011 - 15:32 UTC

Petrobras double-strike: major discovery in US Gulf of Mexico and in Brazil

The Brazilian oil giant holds a 25% stake in the Keathley canyon stake, 400 km SW of New Orleans.

Lucky week for Brazil’s Petrobras that announced major oil and gas discoveries in the US Gulf of Mexico and off the coast of Spirito Santo in Brazil.

Friday, June 10th 2011 - 03:22 UTC

Brazil promises full cooperation to Peruvian president-elect Humala

 The two leaders spent over a hour talking bilateral and regional issues

Peruvian president-elect Ollanta Humala was received on Thursday with “a wide offer of cooperation in all fields” in Brazil, the first stop in his regional-visits round following his Sunday victory.

Friday, June 10th 2011 - 01:42 UTC

“Dilma has the authority to sack the chief of staff and acted at the right time”

Former president Lula da Silva gave his full support to Rousseff

Commenting this week’s resignation of Brazilian chief of staff Antonio Palocci in the midst of a political crisis that has shaken Brazil in the past few days, former president Lula da Silva said that Dilma “had the authority to fire the chief of staff and acted at the right time.”

Thursday, June 9th 2011 - 22:48 UTC

Brazil crop of grains and oilseeds expected to reach a record 161.5 million tons

Soy which is the main crop is estimated in 74.99 million tons

Brazil’s 2010/2011 crop of grains and oilseeds is estimated to reach 161.5 million tons, up 8.2% (8.2 million tons) over the previous farm year (149.2 million tons), according to the latest survey from the National Supplies Corporation, Conab.

Thursday, June 9th 2011 - 22:41 UTC

Brazil’s world’s leading chicken exporter in 2011, ahead of the United States

Over four million tons of chicken will be exported this year

Brazil is poised to overtake the United States for the first time ever, as the world’s leading exporter of chicken, with a third of global trade, according to the latest statistics from FAO released this week.

Thursday, June 9th 2011 - 19:24 UTC

Brazil hikes basic rate to 12.25% and further increases can be expected

Bank president AlexandreTombini: the gradual adjustment approach in unanimous

Brazil's central bank increased late Wednesday its benchmark interest rate for the fourth straight meeting after consumer prices exceeded the upper limit of its target range for the first time since 2005.

Thursday, June 9th 2011 - 05:52 UTC

Ousted Palocci takes his job as member of Petrobras administration council

According to Petrobras he was nominated to the job a year ago

Antonio Palocci, who on Tuesday stepped down as President Dilma Rousseff’s chief of staff over questions about his personal finances, will be taking a seat at Petrobras Administration Council, confirmed Brazil’s oil giant president Sergio Gabrielli.

Wednesday, June 8th 2011 - 23:32 UTC

Brazil unveils plan and incentives to boost ethanol production

Energy minister Edison Lobao said a 10-year investment plan is being drafted with the private sector

Brazil's government unveiled new financing and other incentives for sugar cane ethanol production, vowing to work closely with the private sector to boost production in an industry that has struggled recently despite its immense promise.

Wednesday, June 8th 2011 - 23:20 UTC

China completes first high-speed electric train for Rio do Janeiro

Each unit is composed of four coaches

China has built the first high-speed electrical train for Brazilian capital Rio de Janeiro in time for use during the 2014 World Cup Football and 2016 Olympic Games.

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