Brazil’s Air Force and Navy called off permanently a search for bodies and wreckage from the Air France airplane that crashed in the Atlantic Ocean, according to a statement posted on the Air Force’s Web site.
President Fernando Lugo reiterated Friday that Paraguay did not yield and will not yield “energy sovereignty” claims for power generated from South America’s largest hydroelectric dam Itaipu which it shares with neighbouring Brazil.
One of Brazilian president Lula da Silva main allies in Congress could have to resign or be impeached according to the latest news from Brasilia. Former President Jose Sarney and currently president of the Senate, faces mounting accusations of corruption and nepotism.
Brazilian president Lula da Silva announced Thursday the 2009/2010 Agriculture and Livestock Plan which will provide the equivalent of 53 billion US dollars in aid, to help farmers take advantage of rising global demand for food. This represents a 37% increase over the previous farm year.
United States aviation accident investigators have launched probes into two recent incidents aboard Airbus A330 jets that appear to have similarities to the failures reported on the Air France jet Flight 447 that disappeared over the Atlantic Ocean on June 1.
Brazilian government managed Petrobras said this week that production from the massive oil fields deep below the ocean floor off Brazil’s Atlantic coast was viable at 40 US dollars for a barrel for benchmark Brent crude.
United States president described his Chilean peer Michelle Bachelet as “one of the most compelling leaders” of Latinamerica and together with Brazil’s Lula da Silva they are an “example” of the kind of relations Washington wants with the region.
The Brazilian Executive will present a bill aimed at increasing government control of offshore oil reserves to Congress in July before an annual legislative holiday. However the existing oil exploration rights which have been sold under the current auction system will not be changed with the new proposals.
Brazil’s currency, Real fell the most in four months battered by the World Bank’s prediction of a deeper recession in 2009 pushed by investors fleeing higher-yielding, emerging-market assets.
Monsanto announced Monday it has completed regulatory submission in Brazil for its insect-protected Roundup Ready 2 Yield(TM) soybeans. The stacked trait product provides both protection from feeding damage caused by lepidopteran insect pests (moths and butterflies) in Brazil and tolerance to Roundup(R) agricultural herbicides.