Brazil

• Friday, June 26th 2009 - 12:42 UTC

  US investigators looking into new Airbus 330 incidents with Pitot tubes

  

  United States aviation accident investigators have launched probes into two recent incidents aboard Airbus A330 jets that appear to have similarities to the failures reported on the Air France jet Flight 447 that disappeared over the Atlantic Ocean on June 1.

• Thursday, June 25th 2009 - 17:16 UTC

  Brazilian pre-salt reserves extraction costs in the range of 40 USD per barrel

  

  Brazilian government managed Petrobras said this week that production from the massive oil fields deep below the ocean floor off Brazil’s Atlantic coast was viable at 40 US dollars for a barrel for benchmark Brent crude.

• Wednesday, June 24th 2009 - 15:25 UTC

  Obama praises Bachelet and Lula da Silva as “model relations”

  

  United States president described his Chilean peer Michelle Bachelet as “one of the most compelling leaders” of Latinamerica and together with Brazil’s Lula da Silva they are an “example” of the kind of relations Washington wants with the region.

• Tuesday, June 23rd 2009 - 11:31 UTC

  New legislation envisions Brazil as oil resources and technological giant

  

  The Brazilian Executive will present a bill aimed at increasing government control of offshore oil reserves to Congress in July before an annual legislative holiday. However the existing oil exploration rights which have been sold under the current auction system will not be changed with the new proposals.

• Tuesday, June 23rd 2009 - 11:22 UTC

  Brazilian currency and stock market drop on World Bank forecast

  

  Brazil’s currency, Real fell the most in four months battered by the World Bank’s prediction of a deeper recession in 2009 pushed by investors fleeing higher-yielding, emerging-market assets.

• Tuesday, June 23rd 2009 - 07:57 UTC

  New soybean strain completes regulatory submission in Brazil

  

  Monsanto announced Monday it has completed regulatory submission in Brazil for its insect-protected Roundup Ready 2 Yield(TM) soybeans. The stacked trait product provides both protection from feeding damage caused by lepidopteran insect pests (moths and butterflies) in Brazil and tolerance to Roundup(R) agricultural herbicides.

• Monday, June 22nd 2009 - 11:57 UTC

  Flight 447: Brazil identifies 11 of 50 bodies recovered

  

  Officials in Brazil have identified the first 11 of 50 bodies recovered from the Air France Flight 447 disaster in which 228 people died three weeks ago. The bodies were those of 10 Brazilians and one male foreigner, officials said. They gave no further details

• Friday, June 19th 2009 - 14:00 UTC

  Brazil drafting legislation to create new state-owned oil company

  

  Brazil’s government is considering changes to the country’s oil law that would open the way for the creation of a separate state owned company to manage development of the sub-salt and deep sea hydrocarbons resources.

• Thursday, June 18th 2009 - 14:54 UTC

  Brazil invests 7.6 billion USD in family farming

  

  The Brazilian government confirmed Wednesday that the fund to promote home farming and gardening will have at its disposal 7.6 billion US dollars. This represents a 525% increase since the administration of President Lula da Silva took office in 2003.

• Wednesday, June 17th 2009 - 05:12 UTC

  BRIC members meet to demand greater voice is world financial affairs

  

  The world's newest economic grouping, BRIC is to hold its first summit in the Russian city of Yekaterinburg beginning Tuesday. BRIC is named after its four member states - emerging giants Brazil, Russia, India and China; they account for 13% of global GDP and 40% of world population.