Marfrig Alimentos SA, Latin America’s second-largest beef producer, agreed to buy meat processor US based Keystone Foods LLC for 1.26 billion US dollars to become a supplier to restaurant chains such as McDonald’s Corp.
A majority of Japanese investors holding defaulted Argentine debt have exchanged it for new bonds and cash as part of an 18.3 billion US dollars swap that expires June 22, Argentina's finance secretary said on Tuesday.
Switzerland's parliament has voted to approve a deal which would see information on suspected tax-evaders be passed to US authorities. The Lower House of the Swiss parliament backed the agreement 81 to 61 with 53 abstentions, reversing its earlier decision to reject the agreement last week.
Britain is doubling inspection of drilling rigs after the BP oil spill, Energy Secretary Chris Huhne informed Parliament. He told MPs a review of standards had been carried out but with the beginning of exploration in deeper waters west of Shetland, we must be vigilant.
European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.
An extraordinary reunion, linked to the Falkland Islands conflict of 1982 is scheduled this week in Buenos Aires: a former paratrooper will return to an Argentine soldier the trumpet he seized from his 28 years ago.
Greek government bonds have been downgraded four notches to junk status from A3 to Ba1 by Moody's credit rating agency. The agency said Monday there was still considerable uncertainty surrounding the impact of measures introduced to cut the country's high budget deficit.
The Bank of England may need to hike interest rates soon as inflation has remained far stickier than expected, rate-setter Andrew Sentance warned in The Sunday Times.
After two presidents who irritated Israel and the United States, the UN General Assembly elected a leader unlikely to ruffle Western feathers -- Joseph Deiss, a former president of Switzerland.
French oyster-growers are facing ruin because of a viral epidemic that for a third year in a row has been wiping out millions of baby shellfish. From the Mediterranean coast to the bay of Arcachon on the Atlantic and now Brittany, farmers have been watching in dismay in recent weeks as the virus once again moved northwards, keeping pace with the rising sea temperature.