Brazil

Thursday, April 3rd 2008 - 21:00 UTC
Real too strong, warn Brazil's panel of “wise-economists”

Brazil's central bank must keep the benchmark interest rate unchanged for the time being and avert increases that would further strengthen the Real and derail an economic expansion, said two economic advisers of President Lula da Silva according to reports in the Sao Paulo financial press.
Wednesday, April 2nd 2008 - 21:00 UTC
Petrobas begins operations with extra heavy oil

Brazil's government managed oil corporation Petrobras announced Tuesday that its first oil rig designed to produce extra heavy petroleum went online on Tuesday. The special rig is located in the Badejo field in the Campos basin, off Rio do Janeiro according to a release from Petrobras.
Wednesday, April 2nd 2008 - 21:00 UTC
Fears of inflation as Brazil's industrial output climb 9.7%

Brazil's industrial output climbed 9.7% in February, the highest in the last four months and the 20th straight gain in year-on year industrial production according to the latest release from the government.
Tuesday, April 1st 2008 - 21:00 UTC
Petrobras/PDVSA building 200.000 bpd refinery in NE Brazil

Brazil's oil government managed company Petrobras and government owned Petróleos de Venezuela (PDVSA) signed on March 26 an agreement that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery, in Northeastern Brazil.
Monday, March 31st 2008 - 21:00 UTC
Army joins dengue epidemic combat in Rio do Janeiro

Brazilian Armed Forces joined on Monday the fight against dengue fever in Rio do Janeiro Monday setting up three field hospitals to combat an epidemic that has caused 54 deaths in 2008 and has surged to 1.4 new cases each minute.
Saturday, March 29th 2008 - 21:00 UTC
Brazil announces new oil reserves

A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said.
Thursday, March 27th 2008 - 21:00 UTC
Strong economy boosts Lula da Silva's support to 58%

Support for Brazilian President Lula da Silva's administration jumped to its highest level 58%, riding on a strong economy which has helped boost wages and jobs, a public opinion poll showed on Thursday.
Thursday, March 27th 2008 - 21:00 UTC
Dengue death toll in Rio do Janeiro: 54 and 60 suspects

Rio de Janeiro state officials admitted on Thursday that the mosquito transmitted dengue epidemic has claimed at least 54 lives January, health officials said Thursday. Hospitals have reported a total of 114 deaths from the mosquito-borne disease, but 60 of those cases are still being investigated.
Wednesday, March 26th 2008 - 21:00 UTC
Venezuela will help Mercosur become continental block

Mercosur with Venezuela included has “the potential of becoming a trade block of the whole of South America” said Brazilian Foreign Affairs minister Ceslo Amorim who also insisted that keeping out of the Washington inspired Free Trade Area of the Americas, FTAA, “has been positive”.
Wednesday, March 26th 2008 - 21:00 UTC
Brazil, Spain's main destination of net investment in 2007

Brazil became in 2007 Spain's second most important trade partner in the region (behind Mexico) and the main destination for Spanish net investments, according to official figures released this week in Madrid.