Brazil

Tuesday, January 2nd 2007 - 20:00 UTC
Brazil still the slowest growing emerging economy

The latest release from the Brazilian Central Bank, based on private sector estimates, downgraded to 2.74% the 2006 GDP expansion. For 2007 the estimate among a hundred leading business men and analysts is that the economy will grow 3.5%.
Monday, January 1st 2007 - 20:00 UTC
Brazil: Lula da Silva becomes President for second term

Luiz Inacio Lula da Silva was sworn in for a second consecutive presidential term in Brazil, with promises to accelerate economic growth and to keep the poor at the top of his government's agenda.
Friday, December 29th 2006 - 20:00 UTC
Petrobras declares 19 new areas as “commercially viable”

Brazil's government owned oil corporation Petrobras declared as Commercially Viable 19 new areas (16 offshore and 3 onshore) in the Espírito Santo, Campos, and Santos Basins. A few of them have become new oil and/or natural gas fields, while others have been incorporated into existing neighboring fields.
Thursday, December 28th 2006 - 20:00 UTC
Shell declares field off shore Santos, commercially viable

Royal Dutch Shell PLC announced Thursday it declared the Brazilian offshore BS-4 field in the Santos basin off the Rio do Janeiro coast, commercially viable.
Thursday, December 28th 2006 - 20:00 UTC
Brazilian furious travelers storm airport runways

In the midst of persistent chaos in airports Brazilian President Lula da Silva accused airlines of overbooking flights during Christmas while in one incident in Sao Paulo furious travellers stormed a runway to prevent a commercial jet from taking off.
Friday, December 22nd 2006 - 20:00 UTC
Brazil's Varig dismissed from Star Alliance

Varig, Brazil's former flagship carrier, has been forced to leave the Star Alliance, in a move that could leave the world's largest airline grouping without a Latin American partner for 18 months or more.
Friday, December 22nd 2006 - 20:00 UTC
Brasil's air system in chaos

Chaos returned to Brazil's airports Thursday, with passengers occupying runways and aircraft to protest delayed and cancelled flights, local media reported. The National Civil Aviation Agency (ANAC) said 44 per cent of Thursday's 1,227 scheduled flights were delayed by more than an hour and more than 40 flights were cancelled.
Wednesday, December 20th 2006 - 20:00 UTC
Brazilian Congress' pay increase shock the country

Brazil's Supreme Court (Supreme Federal Tribunal) ruled Tuesday that a decision by congressional leaders to almost double the salaries of senators and representatives must be put to a vote in Congress.
Wednesday, December 20th 2006 - 20:00 UTC
Lack of reforms agenda frustrates Brazilian industry

Brazilian manufacturers expressed Tuesday their “frustration” given the absence of an official reforms agenda to help thrust economic growth next year which is forecasted to be in the range of 3.5%.
Tuesday, December 19th 2006 - 20:00 UTC
New Petrobras rig with 135.000 bpd potential

Petrobras began operating this week a new oil rig with an estimated initial daily production of 15.000 barrels of heavy oil, 17 degrees API in the Jubarte field off Espirito Santo state, according to a release from the corporation.