Brazil's indigenous peoples still struggle to exercise real control over their lives and lands, despite some advances in their conditions and the Government's commitment to improve the situation, a United Nations human rights expert said on Monday after wrapping up a 12-day visit to the South American country.
Brazilian president Lula da Silva proposed the review of the current oil exploitation model and the creation of another company to manage the so called pre-salt oil fields which are believed to hold anywhere from 50 to 70 billion barrels of light crude.
Fertilizer sales in Brazil soared 11% in July compared to a year ago according to the country's National Fertilizer Association, Anda, in spite of a doubling of prices. July sales totaled 2.45 million tons and in July 2007, 2.2 million tons.
Brazil's state-run oil company Petrobras CEO Sergio Gabrielli said Friday he expects new ultra-deep-water finds to yield 100,000 barrels of oil a day by 2010 and announced the company would begin testing production in the fields next September 2 although we don't expect the new fields to have a significant impact on oil production until 2013.
Brazilian President Luiz Inacio Lula da Silva is pondering whether to create a new state-run oil company to manage oil production from Brazil's new sub-salt reserves, according to press reports in Sao Paulo
Brazil's reference Selic interest rate will only begin to fall when inflation approaches the 4.5% center-point of the government's annual target, Brazilian Finance Minister Guido Mantega said on Wednesday.
Brazilian president Lula da Silva criticized sharply the spirit of the national team which on Tuesday lost to Argentina in Beijing 3-0.
Brazil's Central Bank president Henrique Meirelles was the guest this week of the Brazilian-American Chamber of Commerce in New York, where he talked about the Brazilian economy, prospects followed by a period of questions and answers.
Brazil is the largest economy of Latinamerica, the senior member of Mercosur, has a respected voice in world affairs and since the turn of the millennium has become one of the most promising emerging economies belonging to the so called BRIC group, Brazil, Russia, India and China.
Follows a summary of this conference written by Denise Karin Johnsson
Brazil announced Friday it will hold military exercises next month to show its capability of defending new offshore oil reserves that could convert the country into a global energy player.
Brazil will allocate 4.5 million Reais (approx. 2.8 million US dollars) in non-refundable credits to research projects exploring the use of aquaculture or micro-algae products in biodiesel production.