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Petrobras completes drilling and testing well in Transfer of Rights area
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Petrobras issues US$ 11 billion in Global Notes
The transaction, priced on May 13th, was comprised by fixed rate notes due 2016, 2019, 2023 and 2043 and floating rate notes due 2016 and 2019. The transaction was executed in one day, with a demand of approximately US$ 42 billion as a result of more than 2,000 ...
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Brazil delays mining bill to reach Congress in June
- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral ...
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South America re-election rash Ecuador’s Correa takes office for the third consecutive time
Ecuadorean president Rafael Correa will be inaugurated on Friday for his third consecutive mandate, something which Venezuela’s Hugo Chavez just managed before his death, and something which Bolivia’s Evo Morales ...
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Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration
Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening ...
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Argentina and Brazil jointly developing satellites for South Atlantic research
Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio ...
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Petrobras will continue to operate in Argentina but may sell some assets
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster ...
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Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas
Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and ...
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Paraguay seizes 25.6 tons of marijuana
Paraguay's anti-drug police on Thursday said they have seized and burned 25.6 tons of marijuana in the eastern department of Alto Parana, local media reported. The police said 20 tons of marijuana were found chopped while 5.6 tons were pressed, according to reports from Asuncion, capital of Paraguay. They also found 12 drug pressers. The operation was held in Itakyry district, 435 km east ...
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One killed in Brazil fuel depot blaze
(54 mins ago) One person was killed in a fire that broke out in a fuel depot on the northern edge of Rio de Janeiro on Brazil and spread to nearby homes, officials said. Six giant fuel containers at the storage site caught fire, sending flames up to 50 meters leaping into the air and columns of thick smoke far into the sky that could be seen miles away. The victim was a 43 year-old man who ...
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Barcelona make final Neymar offer
RIO DE JANEIRO, May 23 (Xinhua) -- Barcelona has reportedly made a final offer of 23 million euros to sign Brazil international striker Neymar during the European summer transfer window. The Catalan club's football director Raul Sanllehi returned to Spain on Thursday after a week of negotiations ...
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UPDATE 4-Brazil to auction its biggest-ever oil find in October
Thu May 23, 2013 9:27pm EDT * Production-sharing auction to be 1st under 2010 law * Giant Libra area seen producing up to 12 bln barrels * Auction moved up 1 month to meet president's schedule By Jeb Blount RIO DE JANEIRO, May 23 (Reuters) - Brazil plans to sell the right to explore and develop its largest-ever oil discovery in October, auctioning an offshore petroleum prospect that is ...
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El Salvador recognizes Palestinian state
El Salvador recognizes Palestinian state Palestine-El Salvador, Politics, 8/26/2011 El Salvador Thursday recognized Palestine as an independent and sovereign state, according to Palestinian officials. Palestinian President Mahmoud Abbas thanked the president of El Salvador for the recognition, expressing hope that it will bolster bilateral relations. Foreign Minister Riyad Malki had ...
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Report calls for diversification in Latin American economic ties
/enpproperty--> China should diversify its economic relationship with Latin America and the Caribbean and drop its previous model of relying more on trade, according to a "yellow book" by the Chinese Academy of Social Sciences released on Thursday. Cooperation with the region would not only boost trade but also promote more investment and financial ties, said the Annual ...
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Brazil Raises FGC Bank Deposit Guarantee Coverage to BRL250000
Brazil's National Monetary Council authorized on Thursday an increase of the coverage of the country's FGC bank deposit guarantee fund to provide greater protection to depositors and align the country's policies with deposit guarantee practices abroad, the council said.The move had previously been approved at a board meeting of institutions participating in the FGC fund, which is ...
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Fitch Revisa Calificaciones de Entidades Financieras Estatales de El Salvador
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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Brazil to open huge oil field to auction
View Photo Aerial view of Ipanema beach in Rio de Janeiro, Brazil, on April 11, 2013. Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. Libra, discovered in 2010, is within the vast Santos Basin, located some 180 kilometers off the coast of Rio de ...
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Brazilian police arrest 9 for abusing Indian girls
Brazil's Federal Police said on Thursday that nine people have been arrested on suspicion of sexually abusing Indians girls in the northern state of ...
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Lawyer who defended former Italian militant Battisti appointed to Brazils Supreme Court
BRASILIA, Brazil - The lawyer who successfully defended former Italian militant Cesare Battisti against extradition has been named to Brazil's Supreme Court. President Dilma Rousseff appointed Luis Roberto Barroso to the high court on Thursday. Barroso represented Battisti in 2011 when the Supreme Court convened to decide whether to extradite him to Italy to be tried for four political ...
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Police in Brazil arrest 7 men 2 women on suspicion of sexually abusing indigenous girls
SAO PAULO - Brazil's Federal Police say nine people have been arrested on suspicion of sexually abusing Indians girls in the northern state of Amazonas. The force says two women and seven men in the city of Sao Gabriel da Cachoeira are in custody for the alleged sexual exploitation and abuse of Indian girls between the ages of 11 and 15. Federal police inspector Fabio Pessoa says ...
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Brazil drug traffickers fight back order curfew in Rio slums
- Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums early Thursday, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics. Shops were shuttered and more than 5,400 children were turned away from school Thursday morning after traffickers, shouting from ...
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Dominican Republic Latin American leader in Asia trade
Miami.-The Dominican Republic is among Latin America's fastest growing trade partners of China and South Korea, according to an analysis by online publication Latinvex based on figures from the International Monetary Fund and the Korean government. Dominican Republic exports to China last year grew 40.8 percent to $411 million. That was the fifth-highest increase in Latin America. Total ...
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Brazil freezes budget outlays in an effort to meet its primary surplus target
Brazil has frozen 28 billion Reais (approx 13.7 billion dollars) in its 2013 budget as it tries to meet its primary surplus target, Finance Minister Guido Mantega said on Thursday in Brasilia. President Dilma Rousseff’s administration is trying to meet targeted primary surplus goal of 155.9 billion Reais without undermining economic ...
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Brazils ANP Libra Holds 8-12B Barrels of Recoverable Oil
, the director of the National Petroleum Agency, or ANP, said Thursday. Dubbed Libra, the prospect is "singular" and is larger than the Lula field that started Brazil's pre-salt craze when announced in 2007, ANP's Magda Chambriard said. "These estimates are the most recent" after three-dimensional seismic data was received recently by the ANP, Ms. Chambriard said. ...
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Brazil Finance Minister Announces Budget Cuts
Share/Bookmark Brazilian Finance Minister Guido Mantega announced yesterday that the country will cut 28bn reales (US$13.7 bn) in spending for this year's budget, mainly due to slower economic growth than ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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