Brazil

• 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.

• Monday, May 2nd 2011 - 00:59 UTC

  Spain main bank’s profits sustained by Latin America branches, mainly Brazil

  

  Spain’s biggest bank Santander reported first-quarter profit declined 5% as lower earnings at home offset gains in Latin America. Net income fell to 2.11 billion Euros from 2.22 billion Euros a year earlier, the Spanish bank said in a filing Friday.

• Sunday, May 1st 2011 - 23:38 UTC

  Air France flight 447 memory unit recovered from bottom of the Atlantic

  

  The memory unit that may tell why an Air France jet plunged into the Atlantic nearly two years ago was recovered from the bottom of the ocean Sunday, France's Bureau of Investigation and Analysis (BEA) said.

• Saturday, April 30th 2011 - 22:34 UTC

  Brazil furious with Human Rights Commission decision cuts all relations

  

  Brazilian president Dilma Rousseff decided to cut all relations with the Inter American Human Rights Court following on the CIDH decision to request that the construction of a huge dam in the Amazon be suspended, following an appeal from indigenous groups.

• Saturday, April 30th 2011 - 10:07 UTC

  Brazilian has 190.7 million population, and 14.6 million illiterates

  

  Brazil’s population reached 190.7 million according to primary data collected from the 2010 demographic census and released Friday by the Brazilian Geography and Statistics Institute, IBGE. The census also showed that almost 10% of the population is illiterate.