Brazil's government managed hydrocarbons corporation Petrobras begun Tuesday oil and gas extraction from the new Cidade do Rio de Janeiro vessel-platform in the Espadarte field, belonging to the Campos Basin.
Brazil manufactured a record number of automobiles last year, 2.61 million, up 3.1% over 2005, according to a release Wednesday in Sao Paulo from the Association of Automobile manufacturers, Anfavea.
Brazil has plans to grant economic and trade aid to Bolivia, Paraguay and Uruguay in an attempt to give South America's main trade grouping Mercosur, greater cohesion, according to the financial press of Sao Paulo.
Brazil's manufacturing production accumulated 3.1% growth in the first eleven months of 2006 compared to the same period in 2005, which happened to be exactly the same as 2005 over 2004, reported the Brazilian Geography and Statistics Institute, IBGE.
Argentina in the first ten months of 2006 exported 376.000 tons of rice valued at 98 million dollars US dollars, half of which to Mercosur partner Brazil, which is also its main trading partner.
Brazil's mostly government owned oil corporation Petrobras celebrated this week its entry to the select group of world companies with a market value over 100 billion US dollars.
Brazil's Foreign Affairs minister Celso Amorim, met Wednesday with United States Trade Representative Susan Schwab in New York as part of efforts to get World Trade Organization talks restarted, but both called the discussion preliminary.
The latest release from the Brazilian Central Bank, based on private sector estimates, downgraded to 2.74% the 2006 GDP expansion. For 2007 the estimate among a hundred leading business men and analysts is that the economy will grow 3.5%.
Luiz Inacio Lula da Silva was sworn in for a second consecutive presidential term in Brazil, with promises to accelerate economic growth and to keep the poor at the top of his government's agenda.
Brazil's government owned oil corporation Petrobras declared as Commercially Viable 19 new areas (16 offshore and 3 onshore) in the Espírito Santo, Campos, and Santos Basins. A few of them have become new oil and/or natural gas fields, while others have been incorporated into existing neighboring fields.