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This December, the combined daily output of Petrobras and its partners exceeded 200,000 barrels of oil equivalent (oil and gas) per day in the Santos Basin. Brazil´s current production is 2,572,000 BBD, ranking 9th in the world prior to the new well coming on line. Petrobras management has said its business plan calls for doubling production  by

Twilight stars Robert Pattinson and Kristen Stewart are selling their home in Los Angeles. The couple, famous for their on-screen romance in Stephenie Meyer’s popular vampire series, have been renting an LA house for several months this year, but have now decided to move out. As a result, the Bel-Air property is now listed on

Overseas buyers looking at houses for sale in Barbados should be reassured that the property market is transparent, according to a new report. The 2011 Corruption Perceptions Index, released this week, ranked Barbados one of the most transparent countries in the region. Canada was ranked in first place, but Barbados was a strong runner up

This week, Bruce Willis listed his Idaho ski property on the market. Willis’ lakeside ranch, the latest of this month’s celebrity homes for sale, spans 20 acres and sits in Hailey, frequently empty. The lack of time spent by the actor in the home is the reason for him selling, his agent told The Wall

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Optimism that Europe’s leaders could come up with a solution to the debt crisis has risen in recent days, and the news continues to dominate currencies around the world. On Wednesday last week, central banks around the world announced that a new wave of cheap USD liquidity would be provided to Europe’s banks, which gave

Government Benchmark Selic Rate Cut 0.5% to 11%-Minimum Salaries Up 14.3% to R$622.73 in January São Paulo and Brasilia– Two moves to stimulate the economy were announced today as the year ending will produce growth figures below those of the last few years. The Central Bank decided to reduce the benchmark Selic rate, a bellwether

Rio de Janeiro, RJ 29 November, 2011 Ã¢â‚¬â€œ Vale, the Brazilian mining giant and largest producer of iron ore in the world, released its investment plan for 2012 with US $ 563 Million marked for the new steel Mill at Pecém, Ceará. Vale will own 50% of a joint venture called CSP, Pecém Steel Company, together with

Homes for sale in Brazil are in one of the world’s only growing markets, according to the latest report from Global Property Guide. The survey of house prices by the property portal, which analyses price indices from 44 countries around the world, found that in the third quarter of 2011, prices had dropped in 25