Brazil

• Friday, August 29th 2008 - 21:00 UTC

  Brazil liberates air fares to South American countries

  Air fares from Brazil to the rest of South America will no longer be regulated as of next Monday September first, which will represent a significant reduction in prices according to a Friday release from Brazil's National Civil Aviation Agency, ANAC.

• Tuesday, August 26th 2008 - 21:00 UTC

  Brazil ponders about wealth from recent huge oil finds

  

  Towering above the beautiful bay of Angra dos Reis near to Rio de Janeiro a vast oil platform stands almost ready to head out to sea. Work is almost completed on Petrobras 51 (P-51) and there seems little doubt it will be put to good use, with Brazil making headlines around the world for its recent oil finds.

• Monday, August 25th 2008 - 21:00 UTC

  Indigenous Brazilians still suffering inequalities, says UN

  

  Brazil's indigenous peoples still struggle to exercise real control over their lives and lands, despite some advances in their conditions and the Government's commitment to improve the situation, a United Nations human rights expert said on Monday after wrapping up a 12-day visit to the South American country.

• Sunday, August 24th 2008 - 21:00 UTC

  Brazilian government will manage pre-salt mega oil deposits

  

  Brazilian president Lula da Silva proposed the review of the current oil exploitation model and the creation of another company to manage the so called pre-salt oil fields which are believed to hold anywhere from 50 to 70 billion barrels of light crude.

• Friday, August 22nd 2008 - 21:00 UTC

  Mid year Brazilian demand for fertilizer increases 20%

  

  Fertilizer sales in Brazil soared 11% in July compared to a year ago according to the country's National Fertilizer Association, Anda, in spite of a doubling of prices. July sales totaled 2.45 million tons and in July 2007, 2.2 million tons.

• 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