Brazil

• Tuesday, June 22nd 2010 - 04:43 UTC

  Petrobras plans to invest 224 billion USD and double production to 5.4 million bpd

  

  Brazil's state-run oil company announced Monday it will invest 224 billion US dollars through 2014 and double production by 2020. About 95% of that will be invested in Brazil.

• Saturday, June 19th 2010 - 02:46 UTC

  Brazil opens steel mill, largest private sector investment in 15 years

  

  Brazilian President Lula da Silva, mining giant Vale Doce CEO Roger Agnelli and ThyssenKrupp CEO Ekkehard Schulz inaugurated on Friday Brazil's newest steel mill, Cia Siderurgica do Atlantico (CSA).

• Saturday, June 19th 2010 - 02:11 UTC

  BRIC emerging economies will enjoy agriculture boom, says UN-OECD report

  

  The emerging economies of Brazil, India, China and Russia (BRIC) will enjoy an agricultural boom over the next decade as production stalls in Western Europe, a report says.

• Friday, June 18th 2010 - 00:40 UTC

  Brazil and Peru sign agreements to strengthen cooperation and energy integration

  

  Brazil and Peru signed several accords which strengthened regional integration with particular emphasis on energy. The event followed a meeting between Presidents Lula da Silva and Alan Garcia met in Manaus, state of Amazon.

• Thursday, June 17th 2010 - 06:01 UTC

  Brazilian retail sales fall more than expected in April, in spite of World Cup

  

  Brazilian retail sales declined 3% month-on-month in April, with only two of the ten surveyed sales components recording gains, the statistical agency IBGE said Wednesday. Economists were expecting sales to drop at a much slower rate of 1.6%.

• Wednesday, June 16th 2010 - 04:52 UTC

  Brazil denies, and will not accept, contacts with Falklands’ oil industry

  

  The Brazilian government denied that the Falkland Islands “have been looking for business options in Brazil” specifically linked to hydrocarbons exploration, according to the head of the South American Desk at the Brazilian Foreign Affairs ministry.

• Monday, June 14th 2010 - 04:27 UTC

  Serra blasts Lula da Silva’s foreign policy in ‘support of dictators’

  

  Brazil can’t continue to support dictators and regimes that ignore human rights, said opposition presidential hopeful during the Brazilian Social Democracy Party, PSDB, national convention that confirmed him as his grouping’s candidate for October 3.

• Monday, June 14th 2010 - 04:24 UTC

  Rousseff promises a Lula da Silva tailored Brazil with a woman’s heart and soul

  

  President Lula da Silva’s former cabinet chief Dilma Rousseff was officially proclaimed Sunday as the ruling Workers’ Party presidential candidate for the coming October elections.

• Monday, June 14th 2010 - 03:52 UTC

  “I’m running again but my name now is Dilma Roussef” said Lula da Silva

  

  President Lula da Silva said that this coming October election will be the first since 1985 that his name won’ figure, “but to fill that void I will change my name and I will call myself Dilma Rousseff”.

• Friday, June 11th 2010 - 05:44 UTC

  Trying to cool the economy Brazil raises basic interest rate 75 point to 10.25%

  

  Brazil’s central bank raised its benchmark Selic interest rate for a second straight meeting to contain inflation following strong signs the economy is overheating.