Infinity Bio-Energy Ltd., a fund that bought three sugar and ethanol mills in Brazil last year, plans to acquire two more plants in the country in 60 days to boost biofuel output.
Profits at CVRD, the world´s largest iron ore miner, soared 28 percent in the fourth quarter amid seemingly insatiable global demand for the raw ingredient used to make steel, the company said.
Thousands of police and soldiers have been deployed across the Brazilian city of Sao Paulo ahead of a visit by US President George W Bush.
Brazilian coffee exports yielded US$ 3.4 billion
Brazilian coffee exports yielded US$ 3.4 billion between March 2006 and February this year. According to the Brazilian Coffee Exporter Council (CeCafé), this is an all-time record for a 12-month period. A total of 28 million 60-kilogram bags of coffee were exported.
Brazil´s bond yields fell ahead of a central bank meeting today in which economists expect policy makers will lower the benchmark lending rate for a 14th straight time.
Embraer announces important changes in its Airline Market management organization. "The objective of these moves is to further enhance our capability to meet an increasing global demand, achieving the satisfaction of our clients, who are the source of our results," stated Frederico Fleury Curado, Embraer´s Executive Vice-President, Airline Market.
Usinas Siderurgicas de Minas Gerais SA, the second-largest Brazilian steelmaker, said fourth-quarter profit fell 43 percent as costs surged and income from minority stakes plunged.
Monsanto Co. and DuPont Co., the world´s leading developers of genetically modified seeds, may win faster approval to sell their products in Brazil under new biotech regulations, analysts said.
New vehicle sales in Brazil fell in February from January, including in the hot "flex-fuel" category, but sales were still firm compared with February 2006, automakers group Anfavea said on Tuesday.
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