Brazil

• Friday, May 23rd 2008 - 21:00 UTC

  Farmland prices in all regions of Brazil rise sharply

  Farmland prices in Brazil have risen sharply of late, driven up by rising international commodities prices, especially grains, agricultural analysts AgraFNP said in a report released this week.

• Thursday, May 22nd 2008 - 21:00 UTC

  Petrobras announces new oil discovery in ultra deep waters

  Brazil's government managed oil and gas corporation Petrobras announced this week the presence of oil traces in pre-salt reservoirs, in ultra deep waters off shore Sao Paulo in the Santos Basin.

• Wednesday, May 21st 2008 - 21:00 UTC

  Petrobras third largest traded corp. in the Americas

  

  Brazil's government managed oil corporation Petrobras said on Tuesday that according to media reports it is now the third-largest publicly-traded company in the Americas.

• Wednesday, May 21st 2008 - 21:00 UTC

  Petrobras orders revive Brazil's shipbuilding industry

  

  Brazil's government managed corporation Petrobras announced plans to order 40 drilling ships and platforms worth an estimated 30 billion US dollars for delivery by 2017. The deep-water drilling ships and semi-submersible rigs will explore for oil and gas in seas up to three kilometers deep.

• Tuesday, May 20th 2008 - 21:00 UTC

  Army to protect the Amazon, promises Brazil's new minister

  Brazil's recently named Environment Minister pledged Monday to aggressively fight illegal logging and deforestation in the Amazon rain forest. Former Rio de Janeiro state Environment Secretary Carlos Minc is expected to take the post on May 27.

• Saturday, May 17th 2008 - 21:00 UTC

  Brazil's Real rises to nine-year high; up 19% in 12 months

  Brazil's Real rose to a nine-year high as the US dollar slumped and investor demand for commodities and higher-yielding assets increased. Last April 30 Standard & Poor's upgraded Brazilian debt sending the Real and the Sao Paulo Bovespa stock index to new records.

• Thursday, May 15th 2008 - 21:00 UTC

  Brazil's ready to increase interest rates to contain inflation

  Brazil's Central bank chairman Enrique Meirelles said this week that the bank is ready to cap pressure on prices with the purpose of keeping inflation under control even when this could impact on the strong economic growth of the economy.

• Friday, May 9th 2008 - 21:00 UTC

  Brazil's warning message about Bolivian separatism

  Brazil's Foreign Affairs minister Celso Amorim said that South America would never accept “separatism in Bolivia” and underlined that any autonomy must be negotiated with La Paz, reports O'Globo.

• Friday, May 9th 2008 - 21:00 UTC

  Sugar cane becomes Brazil's second energy source

  Sugar cane and cane-based ethanol became a more important energy source than hydroelectric power in Brazil's overall energy production last year, topped only by petroleum and oil products according to a report from the government's energy planning agency, EPE.

• Friday, May 9th 2008 - 21:00 UTC

  Brazil's April annualized inflation climbs to 5.04%

  Brazilian Consumer Prices Index experienced its biggest increase in four months in April, 0.55% (up from March's 0.48%) because of higher food costs, according to the Brazilian Geography and Statistics Institute, IBGE.