Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion US dollars, financial news channel CNBC reported this week.
US clothing giant VF Corporation, parent of brands including The North Face, Wrangler jeans and Nautica, will buy Timberland for about 1.8 billion US dollars in cash, the companies announced Monday.
The 83rd ordinary meeting of the Common Market Group in the framework of Mercosur and which was scheduled for this week has been re-programmed for June 16 and 17, because of the volcanic ash cloud that has disrupted normal air traffic.
Trade talks between Mercosur and the European Union have been frozen on the “edge of the cliff” because of the European debt crisis, differences over agriculture subsidies and other crucial issues according to sources in Brazil from both sides.
Cruise vessel operating costs in South America are becoming unbearable according to company representatives speaking at the South America Seatrade Conference.
The strong economic recovery of Latin America and the Caribbean will make it possible to bring down unemployment significantly from 7.3% in 2010 to between 6.7% and 7.0% in 2011, according to ECLAC and ILO.
An estimated 17.6% of Argentine children between the age of 5 and 17 living in urban areas are forced to work, according to a report from the Argentine Catholic University, UCA, released last week.
China's central bank raised bank reserve ratios on Tuesday for the ninth time since October to try to curb inflation, which is running at its fastest pace in almost three years.
The total number of visitors to Antarctica during the 2010/11 season, and traveling with IAATO member-operators, was 33,824. This includes those traveling on traditional expedition ships, yachts, larger cruise-only vessels as well visitors participating in land programs. The overall seasonal results reflect a decrease of 8.3% last year’s total of 36,875 passengers.
Tourist expenditure in the Falkland Islands has enjoyed a record rise – up 53% - according to new data released by the Falkland Islands Tourist Board.