DEC
14
2006

Brazil and Venezuela building oil tankers

Brazil and Venezuela have inked a deal to build 10 oil tankers, Venezuela´s state-run oil firm and El Universal newspaper reported.

DEC
12
2006

São Paulo divides over subtraction of a lot of ads

Imagine a modern metropolis with no outdoor advertising: no billboards, no flashing neon signs, no electronic panels with messages crawling along the bottom. Come the new year, this city of 11 million, overwhelmed by what the authorities call visual pollution, plans to press the "delete all" button and offer its residents unimpeded views of their surroundings.

DEC
12
2006

Moody´s affirms Banco Itau Europa ratings on BankBoston announcement

Moody´s Investors Service has affirmed the Baa1 long-term, Prime-2 short-term deposit ratings and the C- financial strength rating of Banco Itaú Europa, S.A., with stable outlook, following the announcement that BIE has reached an agreement to acquire Miami-based BankBoston International, Nassau-based BankBoston Trust Company Limited and Cayman-based BankBoston Trust Company (not rated) from Bank of America Corporation .

DEC
12
2006

Brazilian Resources acquires bridge financing and reports commencement of production at Monte Cristo

Brazilian Resources, Inc. has obtained a US$5,500,000 bridge loan facility provided by Auramet Trading, LLC ("Auramet") of Fort Lee, New Jersey. This loan will fund the Company's working capital requirements for the near term. The loan will also be used to pay off a US$1,250,000 credit facility and certain other obligations.

DEC
11
2006

Gerdau, Siderurgica Nacional, Vale: Brazilian Equity Movers

The Bovespa index of the most-traded stocks on the Sao Paulo exchange rose for a second day, gaining 283.69, or 0.7 percent, to 43261.27 at 8:39 a.m. in New York. The index eclipsed the high reached Dec. 5.

DEC
11
2006

Brazil´s CSN bids $9.6 bln for Corus

Brazilian steelmaker CSN has agreed to buy Anglo-Dutch rival Corus Group for 4.9 billion pounds ($9.6 billion) in cash, trumping an offer agreed only hours earlier with India´s Tata Steel.

DEC
8
2006

Brazil´s top judges robbed on Rio highway

Brazil´s top two judges were among several commuters held up by armed robbers then abandoned by the roadside as they were driven into Rio de Janeiro from the military airport, police said on Friday.

DEC
8
2006

Positivo, Shareholders Raise 567.4 Million Reais

Positivo Informatica SA, Brazil´s largest computer maker, and its shareholders raised 567.4 million reais ($264.8 million) in an initial public offering.

DEC
7
2006

Petrobras exports record oil volume in November

Brazil´s state oil company Petrobras exported a record 14.52 million barrels of oil last month, mostly from its heavy crude Marlim field, the company said.

DEC
7
2006

Arcelor Mittal denies to raise Brazil unit offer

Arcelor Mittal, the world´s largest steelmaker, said on Thursday that it would not increase its offer for the remainder of its Brazilian unit, Arcelor Brazil, as reported by a French newspaper.

DEC
7
2006

Anglo American approves $1,2bn Brazil nickel mine

The world´s third-largest miner, Anglo American, on Thursday approved the $1,2-billion Barro Alto nickel mine in Brazil. The company said in a statement that construction on the mine was due to start in 2007, with production scheduled to start in 2010, ramping up to full capacity during 2011. Barro Alto would produce an average of 36 000 t/y of nickel, in the form of ferronickel over 26 years.

DEC
7
2006

Chavez and Lula Cultivate Unity

Brazil s President Luiz Inacio Lula da Silva and Venezuela s Hugo Chavez are due to hold talks in this city on Thursday on joint projects. This is the first meeting of the two statesmen after being re-elected on October 29 and December 3, respectively.

DEC
7
2006

IDB approves US$80 million loan to private company in Brazil for electricity distribution in the state of Tocantins

The Inter-American Development Bank announced today the approval of a US$80 million loan to Companhia de Energia Elétrica do Estado do Tocantins (Celtins) -the privately-held power distribution concessionaire for the State of Tocantins-- for an investment and refinancing program to improve and expand electricity distribution in central Brazil.

DEC
6
2006

Brazil Cancels Flights at 3 Big Airports

Virtually all takeoffs from three major airports in Brazil were canceled Tuesday night after an air traffic communications system broke down, making it difficult for controllers to communicate with pilots and creating air travel chaos.

DEC
6
2006

Brazil creates world´s biggest forest preserve

Brazil´s Para state has created the world´s biggest forest preserve

DEC
6
2006
DEC
4
2006

No Catholic change on celibacy: Brazil cardinal

A Brazilian cardinal recently named to head

DEC
4
2006

Brazilian Yields May Fall to Low as S&P Plans Upgrade

Brazilian bond yields may decline below the record low

NOV
29
2006

Arcelor, Itau, Vale, Petrobras: Brazilian Equity Movers

Brazil´s benchmark stock index rose for a second

NOV
29
2006

Coffee shortage looms as drought rages in Brazil

Anticipating a shortage and boom prices to come

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