The Associated Press:
Lima told reporters that Petrobras “may have discovered a huge petroleum field that could contain reserves large as 33 billion barrels,” amounting to the world’s third-largest reserve, according to his spokesman, Luiz Fernando Manso.
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via News Post India
During her discussions with the FIESP delegation in Sao Paulo, where a 14-member Indian business delegation accompanied her, Patil reportedly told them: ‘Both sides have the acumen, desire, will and skill to take (the trade relation between the two countries) forward.’
According to India’s Ambassador to Brazil Hardeep Singh Puri, it was Brazilian President Luiz Inacio Lula da Silva who suggested that Patil meet the FIESP delegation.
Puri also pointed out that it was the first time the president was accompanied by a business delegation.
Although trade between India and Brazil has touched $3.12 billion, officials said it was ‘nothing’ in comparison to the opportunities both countries have.
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via International Herald Tribune
In the blink of an eye, India has gone from faith, prudence and chastity to Brittany, Courtney and Tiffani. On Sunday, a team of Washington Redskins cheerleaders landed in Bangalore to help create India’s first cheerleading squad.
According to the Redskins’ Web site, the cheerleaders will “conduct a national audition of Indian women.” The aim of the exercise is to set up a squad of indigenous pompom wielders for the Bangalore Royal Challengers, one of eight teams that will play in the Indian Premier League, a rich new Indian cricket league.
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Opportunity for Argentina in sunflower, soya etc.
via SIFY’
The Union Government may relax import of oilseeds in 2009 to take the heat out of an “overheated domestic” oil and oilseeds market, according to Dorab Mistry, Director, Godrej International Ltd.Improved supply
Presenting a paper on “Fundamental Approach to Price Forecasting 2008” at the Globoil International in Dubai on Monday, Mistry said cooking oil prices were likely to rise and rule firm, despite improved supply.
Currently, oilseed imports are not taking place due to strict phyto-sanitary conditions imposed by the Centre and a high customs duty of 30 per cent. Crude or unrefined vegetable oils’ imports are allowed duty-free, while refined vegetable oil imports are permitted at 7.5 per cent duty.
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