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Brazil oil firm sells partial stake in Tanzania block

Rio de Janeiro, May 25 (IANS/EFE) Brazilian state-controlled energy giant Petrobras said Friday it sold a 12 percent stake in an oil block off Tanzania's coast to Norway's Statoil.

Flamengo denies Kaka interest

Rio de Janeiro, May 25 (IANS) Flamengo's executive director Paulo Pelaipe has rejected reports the club is pursuing unsettled Real Madrid midfielder Kaka. The 2007 FIFA world player of the year has struggled for first-team football at the Santiago Bernabeu and is reportedly seeking a move during the European summer transfer window in a bid to revive his stalled career, reports Xinhua.

Sao Paulo eyes former Villarreal forward Nilmar

Rio de Janeiro, May 25 (IANS) Brazil football club Sao Paulo are reportedly in talks to sign former Villarreal and Brazil international striker Nilmar. The 28-year-old, currently playing with Al Rayyan in Qatar, hopes a return to Brazil could lead to an international recall ahead of next year's World Cup, reports Xinhua.

Real Madrid sign Casemiro

Rio de Janeiro, May 24 (IANS) Spanish football club Real Madrid has exercised its option of signing Sao Paulo loanee Casemiro on a permanent deal. The 21-year-old joined the Spanish giants on loan in January and made his Liga debut in a 3-1 victory over Real Betis at the Santiago Bernabeu April 19, reports Xinhua.

Barcelona make final Neymar offer

Rio de Janeiro, May 24 (IANS) Barcelona have reportedly made a final offer of 23 million euros to sign Brazil international striker Neymar during the European summer transfer window. The Catalan club's football director Raul Sanllehi returned to Spain Thursday after a week of negotiations with Neymar's club Santos and his representatives, Estado de S.Paulo newspaper reported. The Brazilian outfit has reportedly rejected successive bids of 18 million euros and 20 million euros in the past six days

Brazil to hold oil auction

Rio de Janeiro, May 24 (IANS/EFE) Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre-salt region will be held in October, or earlier than previously scheduled, the government said Thursday.

Brazil announces $13 bn budget cut for 2013

Rio de Janeiro, May 23 (IANS) The Brazilian government has announced a curtailment of 28 billion reais ($13.65 billion) in the 2013 federal budget. The budget cut aims to help the government achieve the primary surplus goal, which was established at 155.9 billion reais ($76 billion) for the year under review, which represents 3.2 percent of Brazil's GDP, Planning and Budget Minister Miriam Belchior said.

Seedorf out to revive Botafogo’s past glory

Rio de Janeiro, May 23 (IANS) Mention Botafogo to most young Brazilian football fans and the likelihood is the word will conjure images of a battling club with a small, if passionate, supporter base and a sparse trophy cabinet. Forgotten is the fact that Brazil's 1962 World Cup-winning team comprised five Botafogo players, including the crooked-legged Garrincha, rated by many as the game's greatest player before Pele, reports Xinhua

Olimpia hold Fluminense in Libertadores quarters

Rio de Janeiro, May 23 (IANS) Olimpia raised hopes of an unlikely semifinal berth after holding Fluminense to a 0-0 draw in their Copa Libertadores quarterfinal first leg. The Paraguayan outfit was reduced to 10-men at the Sao Januario stadium in the 82nd minute Wednesday when midfielder Eduardo Aranda received his second yellow card for a foul on Rhayner, reports Xinhua. Despite dominating possession and creating a number of second-half chances, the reigning Brazilian top-flight champions were unable to find a way past Olimpia's Uruguayan goalkeeper Martin Silva

Santos reject Barcelona Neymar bid

Rio de Janeiro, May 23 (IANS) Santos have rejected a 20 million-euro offer from Barcelona for Brazil star Neymar.