Brazil

Tuesday, August 14th 2012 - 23:23 UTC
Petrobras says it struck light oil in deep waters offshore Sao Paulo state

Brazil's state-managed energy giant Petrobras confirmed the presence of significant quantities of light oil in deep waters off the country's south-eastern coast. Petrobras said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometres off the coast of the Sao Paulo state, in the BM-S-8 block.
Tuesday, August 14th 2012 - 21:28 UTC
Olympic flag flies in Rio do Janeiro; IOC concern about the 2016 timetable

The official flag of the Olympics arrived in Rio de Janeiro, the host city of the next Games. Rio Mayor Eduardo Paes waved the flag after stepping off the plane with other officials and Brazilian athletes who competed in London.
Tuesday, August 14th 2012 - 08:22 UTC
Brazil investing to be in the top ten medals table for the Rio Games of 2016

The host nation of the next Olympics had a mixed outing in London and is hoping that a surge in spending (700 million dollars) on athletes and facilities will ensure it makes the top 10 medals table in 2016 on home soil in Rio de Janeiro.
Tuesday, August 14th 2012 - 07:47 UTC
Defendant says Lula da Silva was the ring leader of the Brazilian congress bribes scandal

The defence of one of the main accused at Brazil’s “trial of the century” claimed at a hearing before the Supreme Tribunal (Supreme court) that former president Lula da Silva (2003/2010) was who ordered the bribes scheme to buy votes in Congress.
Monday, August 13th 2012 - 16:11 UTC
Brazilian federal staff strike extends affecting airports, ports and foreign trade

The Brazilian economy is slowing down and civil servants are threatening to intensify the several weeks strike to protest government policy that they allege is appealing to savings in salaries and working conditions to address the situation.
Saturday, August 11th 2012 - 11:26 UTC
“Two tough years” ahead for Uruguayan construction and real estate

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.
Saturday, August 11th 2012 - 10:28 UTC
“Amazonas”, first of three ocean patrol vessels built for Brazil leaves UK

Amazonas, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this week after her crew completed a rigorous program of Flag Officer Sea Training with the Royal Navy off the South coast of England
Saturday, August 11th 2012 - 10:23 UTC
Brazil signs contract for the purchase of wheeled armour personnel carriers

The Brazilian Army and Iveco signed this week a contract for the purchase of 86 VBTP MR wheeled armoured personnel carriers known as Guarani. President of Iveco Latin America, Marco Mazzu, said that he was proud to participate in the “renaissance of the defence industry in Brazil”.
Saturday, August 11th 2012 - 10:13 UTC
Attractiveness Survey shows foreign investors remain with great interest in Brazil

A stable economy, a burgeoning domestic market and huge untapped reserves of natural resources have led foreign investors to become increasingly interested in Brazil as an investment destination although there are challenges to sustaining this attractiveness according to Ernst & Young's first annual Brazilian Attractiveness Survey.
Friday, August 10th 2012 - 08:49 UTC
Brazil bumper crop of corn estimated at 71.5 million tons

Brazil will reap a record grain harvest of 163.3 million tons this year, a gain of two per cent over 2011, the IBGE statistics agency says. The IBGE's latest forecast, based on July data is 1.6% higher than the previous projection.