Brazil

• Thursday, September 18th 2014 - 06:25 UTC

  Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

  

  Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.

• Thursday, September 18th 2014 - 06:13 UTC

  Brazil's Embraer sells 50 E-175 jets, 70/134 pax segment, to Republic Airways

  

  Brazilian aircraft manufacturer Embraer said on Wednesday it has reached an agreement to sell 50 E175 jets to U.S. regional operator Republic Airways Holdings for 2.1 billion dollars.s6u

• Wednesday, September 17th 2014 - 04:20 UTC

  Mantega announces yet another stimulus package for Brazil's economy

  

  Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.

• Wednesday, September 17th 2014 - 04:02 UTC

  Brazil will hold new round of oil right auctions in the first half of 2015

  

  Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising Eastern Margin offshore region, a senior mines and energy ministry official said this week.

• Tuesday, September 16th 2014 - 05:43 UTC

  Giant observation tower in the Amazon to monitor climate change

  

  Construction has begun on a giant observation tower in the heart of the Amazon basin to monitor climate change. The Amazon Tall Tower Observatory is expected to rise 325m from the ground.

• Tuesday, September 16th 2014 - 05:20 UTC

  Santander new chairwoman confirms full control of the Brazil branch

  

  Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own.

• Thursday, September 11th 2014 - 17:00 UTC

  There are two Mercosur, but only the ideological one prevails

  

  The original Mercosur is over; it has been reduced to a political block with a three member board, Brazil, Argentina and Venezuela, according to Demetrio Magnoli a renowned Folha de Sao Paulo columnist who added that the 'political' Mercosur has helped the Alliance of the Pacific to advance.

• Wednesday, September 10th 2014 - 05:01 UTC

  Moody's lowers Brazil's sovereign bond rating to 'negative' from 'stable'

  

  Moody's Investors Service lowered its outlook on Brazil's government bond rating to 'negative' from 'stable', saying the country's sustained low economic growth and worsening debt metrics reflected a risk of reduced creditworthiness.

• Tuesday, September 9th 2014 - 03:27 UTC

  Dilma confirms Finance minister Mantega is stepping down in October

  

  President of Brazil Dilma Rousseff has affirmed that current Finance minister Guido Mantega will not carry on in his post should the Workers' Party (PT) candidate win a second term as head of state in October's presidential elections.

• Monday, September 8th 2014 - 06:44 UTC

  Petrobras corruption allegations smear Brazil's political system a month ahead of elections

  

  A jailed former executive at state-controlled oil giant Petrobras Paulo Roberto Costa has reportedly implicated dozens of politicians from Brazil's leading political parties in a kickback scheme, a legal development that could shake up next month's general election.