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.
Royal Dutch Shell PLC announced Thursday it declared the Brazilian offshore BS-4 field in the Santos basin off the Rio do Janeiro coast, commercially viable.
In the midst of persistent chaos in airports Brazilian President Lula da Silva accused airlines of overbooking flights during Christmas while in one incident in Sao Paulo furious travellers stormed a runway to prevent a commercial jet from taking off.
Varig, Brazil's former flagship carrier, has been forced to leave the Star Alliance, in a move that could leave the world's largest airline grouping without a Latin American partner for 18 months or more.