Energy corporations will invest 133 billion US dollars in the next ten years looking for oil and gas in Brazil according to a release from the country's Ministry of Mines and Energy.
Brazil's largest air carrier TAM Linhas Aereas signed a memorandum of understanding to buy 22 Airbus A350 XWB jets plus four A330-200s, the European manufacturer announced Friday.
Venezuela's President Hugo Chávez' likely failure to attend the upcoming Mercosur presidential summit in Paraguay is not a politically transcendental issue, but a simple problem of agenda, said Marco Aurelio García, Brazilian President Luiz Inácio Lula da Silva's foreign affairs aide.
British Prime Minister Tony Blair told President Luiz Inacio Lula da Silva in a telephone call that he is counting on Brazil's help to "save" the Doha round of the World Trade Organisation (WTO) talks.
Brazil's budget primary surplus reached in April 23.5 billion Reales (approx 12 billion US dollars) following on an equally positive March, 19.4 billion Reales (approx 10.2 billion US dollars) reported the Central Bank.
Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.
Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.
At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.
Brazil is revving up for an economic takeoff that could rival China and India according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the foundation for the launching pad.
Brazilian scientists claim to have established as a scientific fact that the Amazon is the longest river in the world. The Amazon is recognized as the world's largest river by volume, but has generally been regarded as second in length to the River Nile in Egypt.