Brazil

Friday, May 30th 2008 - 21:00 UTC
Brazil powerhouse: Fitch hikes debt to investment grade

Fitch Ratings became this Thursday the second large rating agency in less than a month to up Brazil credit ratings to investment grade. Fitch said in a statement that the upgrade “reflects the dramatic improvement in Brazil's external and public sector balance sheet”.
Tuesday, May 27th 2008 - 21:00 UTC
World polluters need to understand “Amazon is Brazil”

Brazilian President Luiz Inácio Lula da Silva reacted against international criticism of his administration's environment policies saying that the world needed to understand that the Amazon belongs to Brazilians.
Friday, May 23rd 2008 - 21:00 UTC
Dengue epidemic in Rio easing but 10.635 cases in May

The dengue epidemic in the Brazilian state and city of Rio do Janeiro added another 10.635 cases last week and totaled 110 deaths since the beginning of the year according to the latest report from the city's sanitary authorities.
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.