Tag: Brazil

• Tuesday, February 8th 2011 - 05:08 UTC

  Petrobras third largest oil company on market capitalization

  

  Based on market capitalization Brazilian government managed oil and gas company Petrobras ranked third worldwide according to the prestigious PFC Energy 50 list of the world's biggest energy companies.

• Tuesday, February 8th 2011 - 01:18 UTC

  Brazil reaffirms links with Venezuela; calls for quick Mercosur integration

  

  Brazil expects Venezuela’s full incorporation to Mercosur to be approved “soon” said Foreign Affairs minister Antonio Patriota during a meeting on Monday in Caracas with his peer Nicolas Maduro in Caracas to reaffirm strong bilateral links.

• Monday, February 7th 2011 - 20:54 UTC

  Geithner implicitly endorses “capital controls” during Brazilian visit

  

  US Treasury Secretary Timothy Geithner reached out to Brazil by citing a shared concern - China - and endorsing Brazil's approach for dealing with global economic distortions.

• Sunday, February 6th 2011 - 21:29 UTC

  Brazil and UK ready to sign huge defence contract, say media reports

  

  Brazil with a defence market described as “one of the fastest growing in the world” will be signing a defence agreement with the UK which should open the way for a deal worth “billions of dollars”, according to reports in the Brazilian and UK media.

• Sunday, February 6th 2011 - 21:02 UTC

  Geithner visits Brazil to discuss economic and financial cooperation

  

  United States Treasury Secretary Tim Geithner will visit Monday Brazil to discuss economic cooperation. Geithner is scheduled to return on the same day.

• Sunday, February 6th 2011 - 20:43 UTC

  Droughts could turn Amazon basin from greenhouse gas eater to source of gases

  

  A long-lasting drought that affected the Amazon Rain Forest last year was worse than the once-in-a-lifetime drought that the region suffered in 2005, and a team of British and Brazilian scientists say it may have a bigger impact on global warming than the US does in a year.

• Friday, February 4th 2011 - 23:29 UTC

  Armoured helicopter to combat organized crime in Rio do Janeiro

  

  The Brazilian city of Rio do Janeiro, host of the Olympic Games in 2016 presented on Friday its new weapon to combat organized crime and drug dealers that have control over urban shanty towns: an armoured US manufactured Bell Huey II helicopter which can transport 13 troops and two crew members.

• Friday, February 4th 2011 - 22:28 UTC

  Brazil preparing package to counter surging imports rapidly eroding trade surplus

  

  Brazil’s trade surplus fell more than economists expected in January from a month earlier as exports declined at a faster pace than imports. The surplus narrowed to 424 million USD last month from 5.37 billion in December, said the Trade Ministry.

• Friday, February 4th 2011 - 22:22 UTC

  Brazil’s industrial output fell in December for second month running

  

  Brazil’s industrial output unexpectedly fell for a second straight month in December. Output in December fell 0.7% from November after a 0.2% decline in the previous month, the national statistics agency IBGE said this week.

• Friday, February 4th 2011 - 21:21 UTC

  Rousseff and Obama to discuss ways to counteract China’s undervalued Yuan

  

  Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.