The world's two top ethanol producers, United States and Brazil, announced the creation of an international forum to help turn biofuels into a globally traded commodity, just days before the two countries are expected to sign a separate agreement promoting the industry across the Western Hemisphere.
Brazil's economy expanded 2.9% last year compared to 2.35% in 2005 according to the latest official release on Wednesday. In the fourth quarter GDP increased 1.1% over the third quarter and 3.8% over the same period in 2005, reported the Brazilian Institute of Geography and Statistics.
Brazil would like to see the current relation with United States become something positive for South America and expects that Washington's renewed interest in the hemisphere is based on cooperation and not in the old intervention style, said Friday Brazilian Foreign Affairs minister Celso Amorim.
Our hemisphere has major oil exporters, such as Canada, Mexico and Venezuela; and oil importers, such as the United States, Chile, Uruguay and nearly all the smaller countries in Central America and the Caribbean.
Repsol YPF chairman Antoni Brufau on announcing Tuesday the discovery in Libya of its largest ever oil field and lower profits in 2006, admitted that the company was looking for another shareholder for its Argentine branch YPF.
Gazprom and Brazilian oil company Petrobras have signed last week an agreement on hydrocarbon cooperation, the Russian energy giant revealed in a news release Monday.
Brazilian president Luiz Inacio Lula da Silva will be arriving Monday for a one day fence mending visit to Uruguay where together with President Tabare Vazquez they will be addressing an agenda with several controversial issues
Brazil has named a strong critic of the country's Central Bank strict (and controversial) monetary policy as representative before the International Monetary Fund, IMF, according to a release from the Finance Ministry.
Differences within Mercosur are an inevitable result of deepening relations among its five members, said Brazil's Foreign Affairs minister Celso Amorim interviewed by the Financial Times but admits there might be casualties among junior members dissatisfied with the functioning of the trade block launched in 1991.
Despite ongoing violence that has shaken Rio de Janeiro for months, the Brazilian city on Wednesday said it expects 700,000 tourists for its world-famous Carnival celebrations this year.