The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.
In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged.
Swedish aerospace and defence firm Saab has finalised a 5.4 billion dollars order to sell 36 fighter jets to Brazil, one of the most valuable defence contracts up for grabs in an emerging market. Saab said in a statement the total order value for the NG Gripen jets, to be delivered between 2019 and 2024, was around 39.3 billion Swedish crowns (5.4 billion).
President Barack Obama on Tuesday telephoned Brazilian head of state Dilma Rousseff to congratulate her on her re-election, the White House said in a statement. Obama emphasized the strategic value of our bilateral partnership and reinforced his commitment to deepening our cooperation in areas such as commerce, energy, and other priority bilateral issues through our existing strategic dialogues.
Brazilian media has confirmed that Argentina is probing to join with Brazil in the procurement of 24 Saab Gripen NG fighters, following the recently signed bilateral cooperation agreement under the heading of “Aeronautic industry strategic alliance” (AEIA), which was discussed this month by the two countries defense ministers.
Private sector analysts are maintaining their 2014 growth forecast for Brazil's economy at 0.27%, the Central Bank said on Monday. GDP estimate was included in the Focus review, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
The reelected President of Brazil Dilma Rousseff called President Cristina Fernandez on Monday to thank her Argentine counterpart for her message of congratulations following victory at the polls, as well as organizing a bilateral meeting in Australia during the G20 summit.
The Organization of American States (OAS) Secretary General, José Miguel Insulza, congratulated Brazilian president Dilma Rousseff, on her victory in Sunday´s election, and highlighted the exemplary character of the electoral process as well as wishing the Brazilian leader success in her new administration.
Brazil's President Dilma Rousseff supported by the decisive campaigning of Lula da Silva, narrowly won re-election on Sunday after convincing voters that the record on poverty reduction in the last twelve years was more important than a recent economic slump.
Incumbent President Dilma Rousseff pulled ahead again in a new poll ahead of Brazil's presidential election and she appears to be the favorite to win Sunday's runoff although the vote is still too close to call.