Agriculture minister Reinhold Stephanes admitted that Brazil must recover the European Union confidence regarding beef following the recent temporary suspension of shipments imposed by the 27 country block.
Brazil's government managed oil corporation Petrobras Energia announced the investment of 2.4 billion US dollars in hydrocarbons exploration and exploitation in Argentina in the next four years.
Brazil's Foreign Secretary Celso Amorim said that those countries which have signed free trade agreement with United States are the most vulnerable to the consequences of the US housing and banking crisis, contrary to Brazil that has diversified markets.
Brazil announced drastic plans to increase wheat production and cut its dependency on imported grain mainly from Argentina. The target is by 2012 to supply 60% of the domestic market. Brazil currently imports 80% of the wheat consumed by its population of 186 million.
Brazil's central bank must keep the benchmark interest rate unchanged for the time being and avert increases that would further strengthen the Real and derail an economic expansion, said two economic advisers of President Lula da Silva according to reports in the Sao Paulo financial press.
Brazil's government managed oil corporation Petrobras announced Tuesday that its first oil rig designed to produce extra heavy petroleum went online on Tuesday. The special rig is located in the Badejo field in the Campos basin, off Rio do Janeiro according to a release from Petrobras.
Brazil's industrial output climbed 9.7% in February, the highest in the last four months and the 20th straight gain in year-on year industrial production according to the latest release from the government.
Brazil's oil government managed company Petrobras and government owned Petróleos de Venezuela (PDVSA) signed on March 26 an agreement that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery, in Northeastern Brazil.
Brazilian Armed Forces joined on Monday the fight against dengue fever in Rio do Janeiro Monday setting up three field hospitals to combat an epidemic that has caused 54 deaths in 2008 and has surged to 1.4 new cases each minute.
A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said.