Brazil

Monday, April 21st 2008 - 21:00 UTC
Lula da Silva blames farm subsidies and oil for food crisis

Brazilian president Lula da Silva, currently visiting Ghana, blamed rising oil prices for the current global food crisis, saying that bio-fuels had nothing to do with the problem, as some have suggested. He insisted escalating oil prices are pushing up freight costs, which in turn affects world food prices.
Thursday, April 17th 2008 - 21:00 UTC
Brazil promises full debate on bio-fuels at Sao Paulo summit

Brazil expects to host representatives from 190 countries, including several world leaders for the International Conference on Bio-fuels which is scheduled for next November in Sao Paulo.
Thursday, April 17th 2008 - 21:00 UTC
Petrobras oil and gas production: 2.1 million bpd in March

Petrobras, Brazil's government managed hydrocarbons corporation, increased oil and gas production an average 1.4% during March reaching 2,114,089 barrels of oil equivalent per day (boe).
Thursday, April 17th 2008 - 21:00 UTC
Brazilian delegation disappointed with the Mercosur Parliament

The Senator who leads the Brazilian delegation to the Mercosur Parliament announced this week he was resigning his post to protest the “lack of consideration and disrespect” Brazilian ministers have shown towards the organization.
Thursday, April 17th 2008 - 21:00 UTC
Lula da Silva defends bio-fuels and attacks farm subsidies

Brazil's president Luiz Inacio Lula da Silva made an impassioned defense of bio-fuels rejecting that they are responsible for the recent rise in global food prices during the opening ceremony of a United Nations Food and Agriculture Organization, FAO, conference in Brasilia.
Tuesday, April 15th 2008 - 21:00 UTC
“S. America beefing up forces, but is not in arms race”

South America has a right to strengthen its armed forces but is not in an arms race, Brazil's defense minister pointed out in Venezuela. Nelson Jobim who is in the first leg of a continental visit to discuss a planned South American security council said the region needed military power to strengthen its presence on the world stage.
Tuesday, April 15th 2008 - 21:00 UTC
Brazil and Russia sign agreement to develop jet fighter

Brazil and Russia signed an agreement on Tuesday to jointly develop top-line jet fighters and satellite launch vehicles. Strategic Affairs Minister Roberto Mangabeira Unger said the agreement will lead to the development of fifth-generation jet fighters that are built using sophisticated engineering, such as composite materials, stealth technology and advanced radar.
Monday, April 14th 2008 - 21:00 UTC
Sniffs of another major oil discovery offshore Brazil

Brazil's government managed oil corporation Petrobras said late Monday that more conclusive data on the Carioca ultra deep pre salt basin discovery potential “will only be known after other phases in the assessment process have been completed”.
Friday, April 11th 2008 - 21:00 UTC
Rio do Janeiro admits dengue epidemic and tourism losses

For the first time Brazilian authorities admitted that the dengue epidemic in Brazil is having a serious impact on the tourist industry, particularly in Rio do Janeiro where bookings have been plummeting.
Thursday, April 10th 2008 - 21:00 UTC
Brazilian companies doubled profits under Pte. Lula da Silva

Brazilian corporations from 21 different business sectors doubled their profits in the five years of President Lula da Silva administrations (2003/2007), according to information disclosed by Economatica consultants in Sao Paulo.