Brazil

Friday, August 8th 2008 - 21:00 UTC
Petrobras takes over Esso downstream assets in Chile

Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.
Thursday, August 7th 2008 - 21:00 UTC
Petrobras announces new light oil discovery off Rio

Brazil's government managed oil and gas corporation Petrobras announced on Thursday a new discovery of light oil with an API grade of around 30 in the ultra deep Santos Basin off the Sao Paulo coast.
Tuesday, August 5th 2008 - 21:00 UTC
Brazil and Argentina leaders ratify “strategic alliance”

Argentina and Brazil ratified their “strategic alliance” on Monday during a business seminar opened by Presidents Cristina Fernandez de Kirchner and Lula da Silva in Buenos Aires.
Tuesday, August 5th 2008 - 21:00 UTC
Appreciation of the Real threatens Brazilian economy

Brazil's Minister of Economy warned Tuesday that the sustained appreciation of the local currency Real against the US dollar has reached “a limit” and if the Real continues to advance, “it could ruin our external accounts”.
Monday, August 4th 2008 - 21:00 UTC
Lula optimistic about a Doha round global trade agreement

Brazilian president Lula da Silva said he believes the Doha round global trade talks have not failed and anticipated that Brazil will insist that negotiations should continue until a satisfactory agreement for all is reached.
Monday, August 4th 2008 - 21:00 UTC
Brazil authorizes expansion of nuclear power program

The Brazilian government has authorized the resumption of plans to expand the country's nuclear power program, basically a third power plant. Work on the Angra 3 reactor, near Rio de Janeiro, has been stalled for 22 years by a lack of money and political issues.
Sunday, August 3rd 2008 - 21:00 UTC
Brazil changing military strategy to rapid strike force

Brazil does not intend or is planning a massive troop build-up along its northern borders but wants a well-equipped rapid strike force to dissuade foreign intrusions, a senior government official said this weekend.
Saturday, August 2nd 2008 - 21:00 UTC
Brazil launches Amazon rainforest protection fund

Brazilian President Luiz Inacio Lula da Silva has called on developed countries to donate money to a new fund designed to protect the Amazon rainforest.
Friday, August 1st 2008 - 21:00 UTC
Brazil's Embraer record sales and doubles profits

Brazilian aircraft manufacturer Embraer this week that profits more than doubled in the second quarter, driven by strong sales of midsize commercial jets and the company's new, popular executive jets.
Friday, August 1st 2008 - 21:00 UTC
Lula and Cristina meet to prop Mercosur and trade

Brazilian President Luiz Inácio Lula da Silva of Brazil is expected in Argentina on Sunday to have his first meeting with President Cristina Fernández de Kirchner since the two nations clashed at the Doha round trade negotiations which collapsed on Tuesday in Geneva.