Brazil is still far from the much coveted Investment Grade in spite of financial market speculations according to the risk rating agency Fitch Ratings which estimates that the BBB qualification will have to wait two to three years.
Brazil's government controlled oil corporation Petrobrás announced this week the start of natural gas production offshore the state of Bahia, which should increase supply in the northeast of the country helping to reduce the strong dependency from Bolivia.
United States on Thursday called on Brazil to exercise influence over its peers in the G-20 group of developing nations and try to achieve a breakthrough in the stalled Doha global trade talks.
Brazil's government managed hydrocarbons corporation Petrobras begun Tuesday oil and gas extraction from the new Cidade do Rio de Janeiro vessel-platform in the Espadarte field, belonging to the Campos Basin.
Brazil manufactured a record number of automobiles last year, 2.61 million, up 3.1% over 2005, according to a release Wednesday in Sao Paulo from the Association of Automobile manufacturers, Anfavea.
Brazil has plans to grant economic and trade aid to Bolivia, Paraguay and Uruguay in an attempt to give South America's main trade grouping Mercosur, greater cohesion, according to the financial press of Sao Paulo.
Brazil's manufacturing production accumulated 3.1% growth in the first eleven months of 2006 compared to the same period in 2005, which happened to be exactly the same as 2005 over 2004, reported the Brazilian Geography and Statistics Institute, IBGE.
Argentina in the first ten months of 2006 exported 376.000 tons of rice valued at 98 million dollars US dollars, half of which to Mercosur partner Brazil, which is also its main trading partner.
Brazil's mostly government owned oil corporation Petrobras celebrated this week its entry to the select group of world companies with a market value over 100 billion US dollars.
Brazil's Foreign Affairs minister Celso Amorim, met Wednesday with United States Trade Representative Susan Schwab in New York as part of efforts to get World Trade Organization talks restarted, but both called the discussion preliminary.