The cost of maintaining the Queen rose by £2 million to £40 million last year. The 5.3% rise - twice the rate of inflation - was blamed by palace officials on increased maintenance costs on royal residences and higher travel costs, up £400,000 to £6.4 million.
Spanish hotel giant Sol Melía plans to open three hotels in Chile. The company is also bidding for the two hotels that will be a part of Santiago's future Constanera Center, an ongoing development and construction project featuring four skyscrapers, built in one of Santiago's business districts, Providencia.
Brazil's Antimonopoly agency, CADE, finally approved the takeover of the once Brazilian flag carrier Varig by the low fare airline GOL, an operation which took place last year.
Brazilian meat processor Marfrig said on Monday it will pay 680 million US dollars for assets in Brazil and Europe owned by US based OSI Group, the largest meat provider for McDonald's fast-food chains.
Uruguay approved the environmental impact report presented by the Spanish pulp manufacturer ENCE which is planning to build a huge 1.5 billion US dollars plant in Colonia to the west of the country, next to the coast of the River Plate.
The Leibniz Institute of Marine Sciences from the University of Kiel unveiled on Monday a new sub aquatic robot, ROV Kiel-6000, Remotely Operated Vehicle which can descend to 6.000 meters below sea level.
Brazil has become Argentina's leading investor with growing interests in the country's oil and cement industries, mining and steel, textiles, cosmetics,transport, banks, food and beverages according to a study on the internationalization of Brazilian companies in Argentina.
India's top car manufacturer Tata Motors Ltd. Announced on Monday it had completed the 2.3 billion US dollars acquisition of Jaguar and Land Rover. The deal, which was agreed in March, includes all necessary intellectual property rights, manufacturing plants, two advanced design centres in the UK and a worldwide network of sales companies, Tata Motors said in a statement.
Chile's Foreign Affairs Secretary Alejandro Foxley described the formalization of a free trade pact with Australia, which was announced in Santiago and Canberra on Tuesday as very good news. The official subscription of the agreement will be signed next July by Chilean minister Foxley.
Brazil's government managed corporation Petrobras announced plans to order 40 drilling ships and platforms worth an estimated 30 billion US dollars for delivery by 2017. The deep-water drilling ships and semi-submersible rigs will explore for oil and gas in seas up to three kilometers deep.