Brazil's Petrobras and its Indian partners have made a beautiful oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.
Breaking almost three years of silence from her official Twitter account, Brazilian President Dilma Rousseff on Friday sent a series of tweets joking with a famous parody account and defending Brazil’s economy.
Brazil's jobless rate fell unexpectedly and salaries jumped in August from the previous month, government data showed this week. It was the second consecutive month-to-month drop in Brazil's jobless rate, which remains close to record lows.
The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. The improved economic outlook is no guarantee of a strong growth rate, it said.
The recently approved Transparency Law has exposed that at least a third of the 594 Brazilian federal lawmakers have pending bills with criminal and administrative courts referred mainly to cases of corruption, which is expected to have an impact in the coming elections of next year when most of Congress will be renewed.
The powerful manufacturers lobby, Sao Paulo’s Industry Federation, Fiesp believes a free trade agreement between Mercosur and the European Union is very much needed so that Latam’s largest economy climbs out from the “commercial isolation” in which it currently stands.
The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.
The year 2013 is a special one for researches in the northern region of Brazil: the Ferreira Penna Scientific Station, research base of the Emílio Goeldi museum and research unit of the Brazilian Ministry of Science and Technology, completes 20 years of existence.
Addressing the United Nations General Assembly Brazilian President Dilma Roussef claimed that spying in the lives and affairs of other countries is a breach of international law and urged the United Nations to play a leading role in protecting Internet users from illegal interception of communications and data, and decried recent allegations of electronic information spying as “serious violations of human rights”.
Brazil’s central bank chief Alexandre Tombini said on Monday policy makers will continue with their 60 billion dollars currency intervention plan, even after the Real rallied more than any other currency in the world as a consequence of the surprise announcement from the US Fed that for the moment it will not taper the bonds’ buying program to stimulate the US economy