Brazil

• Friday, September 18th 2009 - 10:54 UTC

  Petrobras to concentrate all investments in pre-salt deposits

  

  Brazilian government managed oil and gas company Petrobras will freeze overseas investments as the company concentrates on its primary role to develop recently discovered offshore oil reserves, CEO Jose Sergio Gabrielli said Thursday.

• Friday, September 18th 2009 - 03:44 UTC

  Brazil is not “a Venezuela that goes shopping in the world’s arms supermarkets”

  

  Defence minister Nelson Jobim said that Brazil “is not a Venezuela that goes around shopping in the world’s arms supermarkets”. Brazil targets policy on technical training and technology transfer so “we can develop a sound, autonomous defence industry”, underlined the top official from President Lula da Silva administration.

• Wednesday, September 16th 2009 - 08:43 UTC

  Extension of US trade embargo on Cuba, “disappoints” Brazil and Latinamerica

  

  President Barack Obama decision to extend for another twelve months the 47-year-long US trade embargo on Cuba has “disappointed” Brazil and Latinamerica” said President Lula da Silva’s main foreign policy advisors.

• Wednesday, September 16th 2009 - 08:29 UTC

  Lula da Silva supports unrestricted political campaigning in internet

  

  Brazilian president Lula da Silva came out strongly in support of Internet for political campaigning when the Senate is ready to vote a bill which establishes serious restrictions to such a communications tool.

• Wednesday, September 16th 2009 - 08:15 UTC

  Lula da Silva tells BBC: “rich countries to blame for the financial crisis”

  

  Brazilian President Lula da Silva has heavily criticised the “rich countries”, the G8 and other international bodies over the global economic crisis.

• Tuesday, September 15th 2009 - 04:31 UTC

  French unions against military technology transfer to Brazil

  

  French unions are not pleased with the transfer of military technology to Brazil recently agreed between presidents Nicholas Sarkozy and Lula da Silva, according to press reports.

• Tuesday, September 15th 2009 - 03:59 UTC

  The fiscal cost of pulling Brazil out or recession was “very cheap”

  

  Brazilian Minister of Finance Guido Mantega said that the global crisis has a “very low cost” for the finances of Latinamerica’s largest economy which last week officially announced the end of recession.

• Monday, September 14th 2009 - 09:12 UTC

  Brazilian minister calls for the de-criminalization of marihuana

  

  Brazil’s Environment Minister Carlos Minc called on the country’s Supreme Court to imitate Argentina and de-criminalize possession of drugs by adults for personal consumption.

• Saturday, September 12th 2009 - 11:25 UTC

  Brazilian economy rebounds and returns to growth in second quarter

  

  The Brazilian government announced Friday that 2009 second quarter real GDP, adjusted for inflation increased 1.9% from the first quarter of 2009, according to data released by the Brazilian Institute of Geography and Statistics (IBGE).

• Thursday, September 10th 2009 - 11:31 UTC

  Petrobras, BG, Repsol confirm huge offshore oil deposit

  

  Petrobras, British Gas and Repsol-YPF announced Wednesday that the deepwater offshore Guara field holds between 1.1 and 2 billion barrels of oil. In an official release Brazil’s government managed oil company Petrobras said initial output may be as much as 50,000 barrels of oil equivalent a day by 2012.