Yahoo! News: Brazil

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Brazil to boost state control of offshore oil (AFP) Posted: 31 Aug 2009 02:10 PM PDT AFP - Brazil unveiled plans Monday to boost state control of recently discovered offshore oil fields by giving its oil company Petrobras sole operating rights and a minimum 30 percent stake in any joint ventures.

US 'disappointed' after WTO backs Brazil in cotton dispute (AFP) Posted: 31 Aug 2009 09:41 AM PDT AFP - The United States voiced disappointment Monday over a WTO decision allowing Brazil to retaliate against American cotton subsidies and relief it gave the South American nation less than it sought.

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