Brazil

• Tuesday, May 3rd 2011 - 18:13 UTC

  Air France Flight 447 cockpit voice recorder recovered from the Atlantic

  

  The French aviation safety agency BEA announced on Tuesday the discovery and recovery of Air France Flight 447′s cockpit voice recorder from the bottom of the Atlantic Ocean, nearly two years after the Airbus A330-200 disappeared.

• Tuesday, May 3rd 2011 - 17:58 UTC

  Beware Mr Slim: Brazil’s Batista says he will become the world’s richest person

  

  Brazil’s billionaire Eike Batista said that he expects to become the world's richest person, speaking in an interview at the Milken Institute's annual global conference in California.

• Tuesday, May 3rd 2011 - 17:55 UTC

  Boeing forecasts Latam air-carriers will require 2.180 airplanes in next 20 years

  

  Boeing forecasts that air carriers in Latin America will require 2,180 new airplanes worth approximately 210 billion US dollars over the next 20 years as air travel in the region out paces the world average.

• Tuesday, May 3rd 2011 - 17:24 UTC

  US printing press is flooding the world with dollars, claims Mantega

  

  Testifying before Congress Brazilian Finance Minister Guido Mantega said that international commodity prices are behind much of the country’s rising inflation, but insisted the government will take action to keep prices in check and prevent the currency from strengthening too far too fast.

• Tuesday, May 3rd 2011 - 17:08 UTC

  Petrobras earmarks 73 billion USD for investment in Santos pre-salt basin

  

  Petrobras announced the increased investment plans for the emerging Santos basin pre-salt assets, earmarking 73 billion US dollars for the 2011-2015 period. The vast sum is a 63% increase compared with the company’s 2010-2014 plan said a company statement.

• Tuesday, May 3rd 2011 - 17:03 UTC

  Brazil’s industrial output expands for third consecutive month

  

  Brazil’s industrial output increased a seasonally adjusted 0.5% from February although it fell 2.1% compared with March 2010, the Brazilian Census Bureau, or IBGE, said Tuesday.

• Tuesday, May 3rd 2011 - 05:16 UTC

  Brazil’s trade surplus in April soars pushed by commodities prices

  

  The trade surplus rose to 1.86 billion USD last month from 1.55 billion in March, the ministry said. The figure compares with a 1.28 billion surplus in April last year. In the first four months of 2011 Brazil’s trade surplus totalled 5.03 billion USD which is up 132% over the same period a year ago.

• Tuesday, May 3rd 2011 - 01:57 UTC

  Brazilian president rests in Brasilia recovering from mild case of pneumonia

  

  Brazilian president Dilma Rousseff, 63, returned Monday to Brasilia after spending the weekend in a hospital in Sao Paulo suffering from strong flu and a mild case of pneumonia, according to the presidential office.

• Monday, May 2nd 2011 - 15:32 UTC

  Petrobras announces discovery of new high-quality deep water oil deposit

  

  Brazilian government controlled oil and gas corporation Petrobras announced the discovery of a new high-quality crude deposit in ultra-deep waters off Brazil’s south-eastern coast.

• Monday, May 2nd 2011 - 01:03 UTC

  Brazil’s Rousseff frustrates top business leaders but is praised by landless peasants

  

  Brazilian president Dilma Rousseff left top bankers, investors and corporations CEO frustrated following her decision to cancel a speech to the World Economic Forum on Latin America meeting in Rio do Janeiro.