President Lula da Silva inaugurated this week Brazil's first extraction of oil from deep waters which highlighted techniques to be applied to vast oil fields found even farther offshore and at greater depths.
Brazil has turned down a formal invitation by Iran to join the Organization of Petroleum Exporting Countries (OPEC) it was reported by the official Iranian news agency.
During January to August 2008, Brazilian beef exports fell 22% year-on-year to 711,716 tonnes swt, while revenue was up 18% as average export prices increased 50% to 3818 US dollars ton swt.
Brazil's President Lula da Silva suspended on Monday the entire leadership of the country's intelligence agency after it was accused of spying on the Supreme Court chief and members of Congress.
Brazil' population reached 189.6 million and will cease to grow in thirty years time when it's expected to total 220 million inhabitants according to a report from the Brazilian Geography and Statistics Institute, IBGE.
Brazil's Finance minister Guido Mantega said on Tuesday the government will not lower interest rates as long as inflation threatens to come in higher than the established target. He added that the country's benchmark lending rate will continue to rise until the government is assured that its original 4.5% inflation target will be met.
Concerns over the destruction of the Brazilian rainforest resurfaced at the weekend after it emerged that deforestation jumped by 64% over the last 12 months, according to official government data.
Using satellite imagery, scientists have discovered the remains of once densely populated towns in west Brazil, an area that was thought to be virgin forest.
Thousands of oil-slicked penguins washed up dead on the beaches of a popular Brazilian resort on Friday, and officials reported they are searching for a cause.
Brazil will spend 160 million US dollars by the end of next year on the development of a nuclear-powered submersible to protect the oil reserves found recently off its coast, said Defence minister Nelson Jobim on Friday.