Brazilian budget airline Gol announced it will buy struggling rival Varig for 275 million US dollars, (98 million cash), once Brazil's proud flag carrier.
Brazil's Petrobras and Italy's ENI energy companies signed Tuesday an agreement in Sao Paulo, Brazil, to develop and commercialize bio-fuels technology and announced plans to build four bio-diesel plants in Brazil.
President of Vigo Port Authority (APV) Abel Caballero, announced the signing of an agreement with the Iberia Cargo company for transporting fresh fish from the faraway fishing grounds of Morocco and Brazil to the Port of Vigo.
The eleven North American concert dates during March, from Toronto to Tampa, mark Gil's first-ever solo concert tour, which has been created exclusively for this North American run.
Brazil's president said on Monday he will ask President Bush to help advance global trade talks when he visits Washington this week.
Brazilian president Lula da Silva and his newly formed ruling coalition completed the reshuffling of the ministerial cabinet and announced politics with a big P, thinking in the country of the next twenty years.
Brazil ranks as the world's tenth economy, ahead of South Korea, Holland and Australia, according to a GDP new calculation system announced by the government and which a majority of Brazilians economists consider more in line with reality.
Brazil's government is negotiating with the Andean Development Corporation to become a fully-fledged member, which would require an investment of about US$1 billion, Brazilian Planning Minister Paulo Bernardo said Sunday.
The collapse of Brazil's flag carrier Varig last year caused a significant fall in the number of foreign tourists visiting Brazil in 2006 revealed a top official from the Ministry of Tourism in Rio do Janeiro.
In contrast to pledges of lowering Mercosur barriers for junior members (Paraguay and Uruguay), Brazil confirmed the construction of a steel and concrete wall along the Paraguayan border to help combat contraband in the Triple frontier area where Brazil, Argentina and Paraguay meet.