Brazil

• Saturday, May 22nd 2010 - 07:01 UTC

  Chinese company buys 40% stake in Brazil offshore field

  

  Norway’s largest oil and natural gas company Statoil ASA, agreed to sell a 40% stake in the Brazilian offshore Peregrino field to China’s Sinochem Group for 3.07 billion US dollars in cash according to a joint release this week.

• Friday, May 21st 2010 - 03:40 UTC

  Euro fiscal crisis and local inflation tarnish Brazilian glitter

  

  Brazil's Bovespa stocks index and the Real lost ground for a sixth straight session Thursday as investors continued to sell local assets given the depressed global economic outlook following on fears about the Euro fiscal crisis and disappointing data on the health of the US economy.

• Thursday, May 20th 2010 - 03:31 UTC

  Brazil’s main political party ratifies support for incumbent presidential candidate

  

  Brazil’s head of the Lower House, Michel Temer will complete the incumbent presidential ticket with Dilma Rousseff for next October’s presidential election when the eight year two-mandates of Lula da Silva will be ending.

• Thursday, May 20th 2010 - 03:28 UTC

  Petrobras leading Latinamerican corporation based on sales volume

  

  Petrobras, Brazil’s government managed oil and gas corporation rates as the Latinamerican corporation with the largest volume of sales, according to consultants Economática. The top ranked include six Brazilian companies, three Mexican and one from Colombia.

• Wednesday, May 19th 2010 - 05:47 UTC

  Lula da Silva reveals political admiration for Spain and praises the Kirchners

  

  Brazil President Lula da Silva in what seemed very much as a farewell ceremony, paid tribute to the excellent relations with Spain and special links with Argentina on being honoured with a prize that underlines economic development and social cohesion.

• Tuesday, May 18th 2010 - 04:20 UTC

  Argentine private sector recommends close monitoring of Brazilian indicators

  

  According to Argentina’s Finance Executives' Institute (IAEF) May report the country’s economy experienced an expansive boost during this year's first four months, thus somehow dodging the European and Euro crisis triggered by the Greek situation which could extend to the so called PIGS (Portugal, Ireland, Greece and Spain).

• Monday, May 17th 2010 - 05:17 UTC

  Brazil and Argentina promote tourism and trade in Qatar

  

  Both Brazil and Argentina have pitched a strong case for the Arab world to broaden its trade and tourism scope to South America. In a workshop held over the weekend at the Doha Marriott Hotel, trade and tourism representatives from the two countries urged Qataris to seek trade and leisure opportunities following the announcement that Qatar Airways will be flying to both Sao Paulo and Buenos Aires from June 24.

• Monday, May 17th 2010 - 04:36 UTC

  Fire destroys the world’s major collection of tropical serpents

  

  A fire destroyed on Saturday 82,000 snake specimens, considered the largest collection of tropical serpents in the world, as well as thousands of other reptiles, spiders and scorpions at Brazil’s prestigious Butantan Institute laboratory in Sao Paulo.

• Monday, May 17th 2010 - 01:54 UTC

  Brazil’s energy sector lobbying against review of Itaipú treaty with Paraguay

  

  Brazilian business groups are strongly lobbying members of Congress against a review of a recent agreement reached by President Lula da Silva to treble the money paid to Paraguay for power from the world’s largest operating hydroelectric complex Itaipú, shared by both countries.

• Monday, May 17th 2010 - 01:11 UTC

  Brazilian government presidential candidate leads in vote intention with 38%

  

  Brazilian incumbent presidential candidate Dilma Rousseff leads in vote intention with 38% compared to 35% for her main opponent Jose Serra, according to the latest Vox Populi public opinion polls releases published in the Sunday press.