Brazilian industry revises down growth forecast for 2008

Monday, July 14th, 2008

Brazil's national federation of industry has lowered its forecast for the country's economic growth this year from 5.0 percent to 4.7 percent, local media reported Sunday. Due to surging food prices around the world, Brazil's inflat ...

Petrobras: planned strike will not affect production

Saturday, July 12th, 2008

Brazil's oil and gas giant Petrobras said Friday that a planned five-day strike by platform workers next week would not affect production. Petrobras had a contingency plan to maintain output but the company's management was open to ...

Oil prices settle above $145 after hitting new high

Saturday, July 12th, 2008

Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil. Light, sweet crude for August delivery rose 3.43 dollars to settle ...

Brazilian police search house of mining billionaire

Saturday, July 12th, 2008

Brazilian Federal Police searched the home and offices of the country's mining billionaire Eike Batista on Friday for evidence of suspected fraud and tax evasion. In an operation code-named Midas Touch, the federal police were inves ...

Brazil to sell oil fields at auction

Friday, July 11th, 2008

Brazil will auction oil fields, except for the newly discovered pre-salt areas, authorities said Thursday. Brazil's National Agency of Petroleum, Natural Gas and Biofuels, a regulatory department for the industry sectors concerning ...

Major economies leaders meeting starts in Hokkaido

Wednesday, July 9th, 2008

Leaders from Australia, Brazil, China, India, Indonesia, Mexico, South Africa and South Korea and the Group of Eight (G8) nations held a major economies leaders meeting on Wednesday to discuss climate change and energy. The meeting ...

G8 leaders meet counterparts from developing nations

Wednesday, July 9th, 2008

The leaders of the Group of Eight (G8) nations on Wednesday met with their counterparts from Brazil, China, India, Mexico and South Africa for an outreach working session to discuss a range of global issues. This is the fourth annu ...

Brazil to install condom machines in state schools

Friday, June 27th, 2008

The Brazilian government plans to install 400 condom dispensing machines in state schools participating in the country's AIDS prevention program, Health Minister Jose Gomes Temporao said Thursday. One of the greatest challenges in t ...