Brazil

• Monday, June 28th 2010 - 00:52 UTC

  Berlusconi and Italian business delegation arrive in Brazil

  

  Italian Prime Minister Silvio Berlusconi is scheduled to arrive Monday with a delegation of sixty businesspeople in Brazil where he will consider with President Lula da Silva investment projects involving at least 10 billion US dollars.

• Saturday, June 26th 2010 - 04:42 UTC

  Lula da Silva skips G20 because of floods and presidential election

  

  Brazilian President Lula da Silva has cancelled plans to attend the G-20 economic summit in Toronto, Canada after flooding in the northeast of the country left at least 51 people dead and 120,000 others homeless.

• Friday, June 25th 2010 - 05:22 UTC

  Petrobras confirms high quality oil in latest off-shore discovery

  

  Brazil’s government controlled oil and gas corporation Petrobras said its seventh well in the offshore Tupi field confirmed the potential of light oil in pre- salt reserves. The 3-BRSA-821-RJS well, known as Tupi Alto, is about 275 kilometers off the coast of Rio de Janeiro state, Petrobras confirmed Thursday in a regulatory filing.

• Friday, June 25th 2010 - 05:17 UTC

  Brazil and Argentina advance in solving bilateral trade issues

  

  Brazil and Argentina made significant advances in outstanding bilateral trade issues following a joint meeting Thursday between top policy makers, Brazilian Finance Minister Guido Mantega told reporters.

• Friday, June 25th 2010 - 05:14 UTC

  Brazil praises Argentina’s ‘successful’ debt swap process

  

  Brazil said on Thursday that the sovereign debt swap process led by the Argentine government and its economy administration was “successful”.

• Thursday, June 24th 2010 - 06:03 UTC

  Incumbent Dilma Rousseff takes the leads in Brazil presidential race

  

  Brazil’s incumbent candidate Dilma Rousseff took the lead in the country’s presidential race, according to a new poll. Rousseff, President Lula da Silva’s former cabinet chief, is supported by 40% of those surveyed, according to an Ibope poll for the National Industrial Confederation, or CNI, that was published Wednesday in Brasilia.

• Thursday, June 24th 2010 - 05:48 UTC

  Brazil forecasts a drop in direct foreign investment because of European crisis

  

  While the Brazilian economy is moving ahead at “Chinese rates” the Central Bank reduced its estimate of direct foreign investment this year from 45 to 38 billion US dollars because of the European crisis.

• Tuesday, June 22nd 2010 - 05:05 UTC

  Brazil reacts cautiously to the Yuan “greater flexibility” policy

  

  Brazil's Central Bank welcomed China's move to boost flexibility of the Yuan exchange rate, saying the decision showed China's willingness to help the global economy.

• Tuesday, June 22nd 2010 - 04:43 UTC

  Petrobras plans to invest 224 billion USD and double production to 5.4 million bpd

  

  Brazil's state-run oil company announced Monday it will invest 224 billion US dollars through 2014 and double production by 2020. About 95% of that will be invested in Brazil.

• Saturday, June 19th 2010 - 02:46 UTC

  Brazil opens steel mill, largest private sector investment in 15 years

  

  Brazilian President Lula da Silva, mining giant Vale Doce CEO Roger Agnelli and ThyssenKrupp CEO Ekkehard Schulz inaugurated on Friday Brazil's newest steel mill, Cia Siderurgica do Atlantico (CSA).