Strategic News

• Brazil to limit area in first pre-salt auctions

  24/5/2013 | 14:43

  The Libra field, located in the deep waters of the Atlantic Ocean near Tupi, Brazil’s largest discovery, holds an estimated 5 billion barrels in recoverable reserves, making it the...

• Fibria Celulose to sell R$ 1 billion of land

  24/5/2013 | 14:12

  The land sale would help Fibria, a supplier of raw material for tissue paper to speed up the reduction of its net debt (it currently stand at 2.5 times earning), a level Standard & Poor’s...

• Brazil and Denmark sign bilateral trade agreement

  23/5/2013 | 13:17

  Under the agreement, the ministries of the two countries will facilitate dialogue and the exchange of information on trade, including: marine services, intellectual property and investment...

• Dilma to attend 50th anniversary of African Union in Ethiopia

  23/5/2013 | 13:02

  Diplomats said the social advances associated with Brazil’s recent economic growth make the country one of the guests of honour at the celebrations. The president travels accompanied by an...

• Poor Chinese data sends emerging stocks tumbling

  23/5/2013 | 12:34

  The MSCI Emerging Markets Index tumbled 2.3% and 30-day volatility rose to 12.5, the highest level in seven months. Stocks joined a global slump as data showed China’s manufacturing...

• Brazil unemployment unexpectedly rises

  23/5/2013 | 12:08

  Brazil's jobless rate rose unexpectedly to 5.8% from 5.7% a month earlier. The number was above the median forecast of 5.6% in a central bank poll of 23 economists. Although Brazil's stunted...

• Brazil to hold pre-salt oil auctions a month early

  23/5/2013 | 11:34

  Last week's oil auction, the first in 5 years, sold 142 exploration areas to 39 companies from 12 countries for R$ 2.82 billion and with promises to invest a minimum of R$ 7 billion over the next...

• Petrobras to use recent debt sales to repay old debt

  22/5/2013 | 12:49

  "About USD $5 billion will be used to pay off expensive debt. The remaining USD $6 billion will be used for new investments, "said Foster, who today is participating in a public hearing in the...

• Brazil's current account deficit widens in April

  22/5/2013 | 12:13

  The country had been expected to post a deficit of USD $7.222 billion, according to the median forecast of 20 analysts in a survey. The forecasts for the deficit ranged from USD $6.5 billion to USD...

• Brazil to offer better returns for infrastructure investors

  22/5/2013 | 11:54

  Brazil needs to double its current level of investment in infrastructure to at least R$ 80 billion a year if it wants to resolve a transport deficiency that has hindered economic growth in recent...