Brazil

Friday, August 22nd 2008 - 21:00 UTC
Brazil's ultra-deep water oil deposits production in 2013

Brazil's state-run oil company Petrobras CEO Sergio Gabrielli said Friday he expects new ultra-deep-water finds to yield 100,000 barrels of oil a day by 2010 and announced the company would begin testing production in the fields next September 2 although “we don't expect the new fields to have a significant impact on oil production until 2013”.
Thursday, August 21st 2008 - 21:00 UTC
Brazil undecided on how new oil resources should be developed

Brazilian President Luiz Inacio Lula da Silva is pondering whether to create a new state-run oil company to manage oil production from Brazil's new sub-salt reserves, according to press reports in Sao Paulo
Wednesday, August 20th 2008 - 21:00 UTC
Brazil ratifies tough line on inflation and long term growth

Brazil's reference Selic interest rate will only begin to fall when inflation approaches the 4.5% center-point of the government's annual target, Brazilian Finance Minister Guido Mantega said on Wednesday.
Tuesday, August 19th 2008 - 21:00 UTC
Brazil's Lula reacts to defeat: “never felt so furious”

Brazilian president Lula da Silva criticized sharply the spirit of the national team which on Tuesday lost to Argentina in Beijing 3-0.
Monday, August 18th 2008 - 21:00 UTC
The Brazilian economy and the dividends of stability

Brazil's Central Bank president Henrique Meirelles was the guest this week of the Brazilian-American Chamber of Commerce in New York, where he talked about the Brazilian economy, prospects followed by a period of questions and answers.

Brazil is the largest economy of Latinamerica, the senior member of Mercosur, has a respected voice in world affairs and since the turn of the millennium has become one of the most promising emerging economies belonging to the so called BRIC group, Brazil, Russia, India and China.

Follows a summary of this conference written by Denise Karin Johnsson
Saturday, August 16th 2008 - 21:00 UTC
Full scale military exercise to defend Brazil's offshore oil

Brazil announced Friday it will hold military exercises next month to show its capability of defending new offshore oil reserves that could convert the country into a global energy player.
Thursday, August 14th 2008 - 21:00 UTC
Brazil invests in research for bio-fuels from micro-algae

Brazil will allocate 4.5 million Reais (approx. 2.8 million US dollars) in non-refundable credits to research projects exploring the use of aquaculture or micro-algae products in biodiesel production.
Wednesday, August 13th 2008 - 21:00 UTC
License for Amazon dam triggers controversy in Brazil

Brazil's environment minister Carlos Minc announced he had granted a license for an Amazon hydroelectric dam but attached stringent conditions to protect Indian reservations and nature preserves. However environmental groups anticipated a long legal battle.
Wednesday, August 13th 2008 - 21:00 UTC
Brazilian mining giant orders 12 largest class ore carriers

Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for 1.6 billion US dollars, aiming to boost business with fast-growing Asian customers.
Wednesday, August 13th 2008 - 21:00 UTC
Lula openly confirms 1979 amnesty bill and silences ministers

In an attempt to cool a controversy over punishing torturers from the 21 year military dictatorship, Brazilian president Lula da Silva said Brazilians should enshrine the “heroes” of that time and not only concentrate on incriminating the “villains” who killed them.