Brazil Business News

U.S., Brazil to speed up cellulosic ethanol research

SAO PAULO (Reuters) - The world's top two producers of ethanol, the U.S. and Brazil, will join forces to speed up research into cellulose-derived biofuels, which use inedible plant matter rather than crops as their feedstock.

Stocks down across Latin America

Stocks were down across Latin America Friday as investor concerns over a global recession took a toll on emerging markets. Brazil's Ibovespa index dropped 5.6 percent to 31,540 in afternoon trading, dragged down by steep...

New Wal-Mart CEO's international experience key

With a solid retail background and experience wrangling costs in Wal-Mart's international division, analysts say Mike Duke has the chops to take on the top post at the world's largest retailer as it increasingly focuses on...

Brazil's ambassador to Ecuador leaves in debt spat

By MARCO SIBAJA Associated Press Writer BRASILIA, Brazil (AP) - Brazil called its ambassador to Ecuador back home for consultations on Friday after Ecuador said it won't pay the debt it owes to a Brazilian bank. Brazil strongly...

Bush leaves today for Peru to promote crisis plan

President George W. Bush, struggling to get ahead of a global financial crisis, hopes to win more converts for an action plan designed to demonstrate that governments have the will and the means to halt the turmoil.

Nigeria: Entertainment Takes Over Federal Capital Territory

Abuja, the nation's capital city will temporarily suspend politics for culture and entertainment this weekend. This is because of the Abuja Carnival that enters its second day today. In fact, by the last count Theatre Troupes...

Dell: Lower earnings, revenue

reported net income of $727 million in the quarter, a decrease of 5% from $766 million in 2007. Chairman and Chief Executive Michael Dell noted that customers want more for their money in the economic slowdown. Sales from...

TAM Starts New Flight Today to Orlando (PR Newswire)

Friday November 21, 8:01 am ET - Daily flight will depart Guarulhos International Airport in Sao Paulo SAO PAULO, Brazil, November 21 /PRNewswire/ -- TAM (Bovespa: TAMM4 and NYSE: TAM) today begins operation of its new daily...

Medvedev faces a hard sell in Latin America

The Russian president, Dmitri Medvedev, is planning a trip through Latin America. But plunging oil prices and the global financial crisis have raised questions in the region about Russia's reliability as an economic partner.

Sign of the bleak economy

After rising to dizzying heights this summer, the price of oil is in the middle of a hair-raising drop. Oil prices fell to their lowest level in more than three years, dropping below $50 a barrel yesterday, after shedding close...

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