China Development Bank may offer more financing to Brazil’s government managed oil and gas corporation Petrobras adding to the 10 billion US dollars extended this week, said Petrobras CEO Jose Sergio Gabrielli on Thursday in New York.
Brazilian President Lula da Silva has ruled out the possibility of standing for a third term in office adding he was certain the likely candidate for the ruling Workers Party is chief of staff Dilma Rousseff.
The business climate in Latinamerica experienced a slight improvement in the last three months having jumped from 2.9 points in January to 3.6 in April, although it is still one of the worst levels in seven years, reported the Brazilian Foundation Getulio Vargas
Brazil and China signed Tuesday in Beijing thirteen accords to promote trade, investments and cooperation plus a 10 billion US dollars loan for Petrobras. It was also agreed that bilateral trade in the near future is to be done using the Real and the Yuan.
Two of Brazil’s biggest food companies announced on Tuesday plans to merge, creating an exporting powerhouse in a stock swap deal prompted by the global financial crisis. Executives from Perdigao SA and Sadia SA said they expect their new enterprise, to be called Brasil Foods SA, to become the world's top exporter of processed meat and chicken.
Brazilian president Lula da Silva arrived Monday in Beijing with a delegation of 240 businessmen for a three-day visit aimed at strengthening the country’s strategic partnership with China.
Brazil and Saudi Arabia signed Sunday an agreement to expand cooperation in oil, mining, infrastructure, science and increase bilateral trade said the Brazilian Foreign Affairs Ministry said. The agreement was signed in presence of King Abdullah and visiting Brazilian President Lula da Silva.
The Round Table on Responsible Soy Association (RTRS) will present advances related to the global standard for responsible soy production, processing and marketing at its IV International Conference in the city of Campinas, Brazil, May 26 and 27.
Brazil's President Lula da Silva is to sign a “voluminous” financing agreement for government managed Petrobras on a visit to China next week said Energy Minister Edison Lobao.
Brazilian Finance Minister Guido Mantega admitted for the first time that Brazil's economic growth will likely fall in the 0 to 2% range in 2009, Brazilian media reported Friday.