Canadian publisher Thomson Corp is in talks to buy Reuters Group Plc for about 8.8 billion pounds (US$17.6 billion) to create the world's biggest news and financial data company, the two firms said yesterday.
An estimated 12.000 people have been forced to leave their homes in Uruguay where record rainfall has caused extensive flooding leaving several counties with no electricity or drinking water.
Uruguayan and Argentine officials are scheduled to continue talks at the end of the month in an effort to defuse the Fray Bentos, Uruguay pulp mill conflict, as a follow up to last month's talks in Madrid after a year without negotiations.
President Evo Morales said Bolivia would respond in the coming hours to a proposal from Brazil's state-run oil company, Petrobras, regarding compensation for its two refineries in Bolivia recently nationalized.
London is home to the most expensive property in the world, followed by Monaco, New York and Hong Kong, according to estate agent Knight Frank and Citi Private Bank's Wealth Report 2007.
Brazil's TAM Linhas Aéreas and Lan Chile, both airlines with a clear dominating position in their domestic markets have agreed to formalize a business alliance. The agreement to be implemented in the next three months aims to develop partnerships in routes operated in South America, broadening passengers' options to fly to several destinations.
In a move widely expected the United States Federal Reserve kept its main interest rate on hold at 5.25%, but warned that its predominant policy concerns remains the risk that inflation will fail to moderate as expected.
With a strong message against abortion Pope Benedict XVI arrived Wednesday in the Brazilian city of Sao Paulo for a five day visit to the world's most populous Roman Catholic nation. This is his first visit to Latin America since becoming Pope in April 2005.
The World Trade Organization has ruled that Chile should not apply tariff barriers to the price of Argentine wheat and flour. The ruling was a response Chile's final appeal to the WTO in the lengthy trade dispute with Argentina that began in 2000.
Asian finance ministers have agreed plans to pool the region's vast financial reserves to protect their currencies from speculative attack. The agreement, reached at a meeting in Japan, comes almost 10 years after speculators triggered an economic crisis across the region in 1997.