The United States Justice Department said on Monday it will allow Brazil's JBS to buy the beef operations of Smithfield Foods Inc for 565 million US dollars which, based on industry estimates, would make JBS the second US beef producer.
Dubai announced on Sunday plans to build a more than one kilometer high sky scraper, an undertaking that will demand over ten years to construct and billions of dollars, possibly becoming the world's tallest building, according to developers Nakheel.
Norwegian aluminum group Norsk Hydro announced on Thursday that it will join with the Brazilian metals and mining company Vale Doce to build a new alumina refinery in northern Brazil, an investment totaling 2.6 billion US dollars.
If all works out as planned The Wall stadium in Doha, Qatar's capital city, will claim two firsts: the world's first underground stadium and the world's first open-air, air-conditioned stadium. There's a long way to go however and the stadium is not due to be completed until 2010 at the earliest.
FALKLAND Islands port development has taken another step forward with the appointment of a Major Projects Manager.
Mexican billionaire Carlos Slim has bought a 6.4% stake in publisher of the New York Times, according to a US regulatory filing.
Brazil's Companhia Vale do Rio Doce, the world's largest iron ore miner, said it is negotiating price increases with its clients in Asia to put them at the same rate as European customers.
The Argentine Congress authorized this week the purchase of the country's air flag carrier Aerolineas Argentinas and subsidiary Austral which are under the control of Spanish tourism group Marsans. But the process is far from over and operational debts keep mounting.
THE next joint oil operators' meeting to be held in the Falklands is scheduled for the first week of May 2009.
The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.