Brazil

• 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.

• Wednesday, April 9th 2008 - 21:00 UTC

  Brazil to promote shipbuilding and a merchant fleet

  

  Brazil announced it will promote the country's ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latinamerica.

• Tuesday, April 8th 2008 - 21:00 UTC

  Brazil supports soy expansion in spite of budding controversy

  

  Brazil has become the world's second exporter of soy beans totaling 25.6 million tons in 2006/07 and one of the country's main sources of international income. But as in Argentina and other countries soy expansion is becoming controversial in spite of the fact the government expects the volume of production to keep expanding.

• Tuesday, April 8th 2008 - 21:00 UTC

  Brazil becomes EU top market in Latinamerica

  

  Brazil has replaced Mexico as the European Union's top market in Latinamerica, according to a Latin Business Chronicle analysis of 2007 trade data from Eurostat. Meanwhile Latinamerica trade with the European Union continues to grow at faster levels than with the United States, the analysis shows.

• Tuesday, April 8th 2008 - 21:00 UTC

  Brazil admits it must recover EU confidence regarding beef

  

  Agriculture minister Reinhold Stephanes admitted that Brazil must “recover the European Union confidence” regarding beef following the recent temporary suspension of shipments imposed by the 27 country block.

• Saturday, April 5th 2008 - 21:00 UTC

  Petrobras plans drilling off shore Mar del Plata in 2010

  Brazil's government managed oil corporation Petrobras Energia announced the investment of 2.4 billion US dollars in hydrocarbons exploration and exploitation in Argentina in the next four years.

• Friday, April 4th 2008 - 21:00 UTC

  Diversified markets have cut Brazil's exposure to US crisis

  Brazil's Foreign Secretary Celso Amorim said that those countries which have signed free trade agreement with United States are the most vulnerable to the consequences of the US housing and banking crisis, contrary to Brazil that has “diversified markets”.

• Friday, April 4th 2008 - 21:00 UTC

  Brazil plan to increase wheat production and cut imports

  Brazil announced drastic plans to increase wheat production and cut its dependency on imported grain mainly from Argentina. The target is by 2012 to supply 60% of the domestic market. Brazil currently imports 80% of the wheat consumed by its population of 186 million.