Brazil

• Friday, June 29th 2007 - 21:00 UTC

  Brazil's unveils ten year 133 billion US dollars oil & gas plan

  

  Energy corporations will invest 133 billion US dollars in the next ten years looking for oil and gas in Brazil according to a release from the country's Ministry of Mines and Energy.

• Friday, June 29th 2007 - 21:00 UTC

  Brazil's largest airline purchases 22 Airbus 350 XWB

  

  Brazil's largest air carrier TAM Linhas Aereas signed a memorandum of understanding to buy 22 Airbus A350 XWB jets plus four A330-200s, the European manufacturer announced Friday.

• Sunday, June 24th 2007 - 21:00 UTC

  Brazil “undisturbed” with Chavez' absence from Mercosur summit

  

  Venezuela's President Hugo Chávez' likely failure to attend the upcoming Mercosur presidential summit in Paraguay is not a politically transcendental issue, but a simple problem of agenda, said Marco Aurelio Garc&iacutea, Brazilian President Luiz Inácio Lula da Silva's foreign affairs aide.

• Sunday, June 24th 2007 - 21:00 UTC

  Lula da Silva rejects appeal from Blair to “save” Doha round

  

  British Prime Minister Tony Blair told President Luiz Inacio Lula da Silva in a telephone call that he is counting on Brazil's help to &quotsave&quot the Doha round of the World Trade Organisation (WTO) talks.

• Wednesday, June 20th 2007 - 21:00 UTC

  Brazil with record budget primary surplus in April/May

  

  Brazil's budget primary surplus reached in April 23.5 billion Reales (approx 12 billion US dollars) following on an equally positive March, 19.4 billion Reales (approx 10.2 billion US dollars) reported the Central Bank.

• Sunday, June 17th 2007 - 21:00 UTC

  Brazil's invests heavily to multiply natural gas production

  Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.

• Sunday, June 17th 2007 - 21:00 UTC

  Brazilian beef exports yield 1.8 billion in five months

  Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.

• Sunday, June 17th 2007 - 21:00 UTC

  Brazilian real interest rates are the world's highest

  At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.

• Sunday, June 17th 2007 - 21:00 UTC

  Brazil revving “for takeoff rivaling China and India”

  “Brazil is revving up for an economic takeoff that could rival China and India” according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the “foundation for the launching pad”.

• Sunday, June 17th 2007 - 21:00 UTC

  Amazon the world's longest river, claim Brazilian scientists

  

  Brazilian scientists claim to have established as a scientific fact that the Amazon is the longest river in the world. The Amazon is recognized as the world's largest river by volume, but has generally been regarded as second in length to the River Nile in Egypt.