Investments

• Saturday, October 25th 2008 - 20:00 UTC

  Brazilian group becomes Mercosur footwear leader

  

  Sao Paulo Alpargatas, Brazil largest textile and Footwear Company announced Friday the acquisition of Alpargatas Argentina, turning the consolidated company into a bi-national corporation leader in its sector in Mercosur and Latinamerica.

• Tuesday, October 21st 2008 - 20:00 UTC

  Brazilian company en route to be US main meat processor

  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.

• Sunday, October 5th 2008 - 21:00 UTC

  Dubai, land of man made islands and skyscrapers

  

  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.

• Thursday, September 25th 2008 - 21:00 UTC

  Vale Doce and Norsk Hydro expand Brazil's alumina pole

  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.

• Wednesday, September 24th 2008 - 21:00 UTC

  “The Laptop”, the world's first underground stadium

  

  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.

• Tuesday, September 23rd 2008 - 21:00 UTC

  Step forward for Falklands port development

  

  FALKLAND Islands port development has taken another step forward with the appointment of a Major Projects Manager.

• Thursday, September 11th 2008 - 21:00 UTC

  Mexican billionaire has 6.4% stake in the New York Times

  

  Mexican billionaire Carlos Slim has bought a 6.4% stake in publisher of the New York Times, according to a US regulatory filing.

• Wednesday, September 10th 2008 - 21:00 UTC

  World's largest iron ore miner hikes price 11% to Asian clients

  

  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.

• Friday, September 5th 2008 - 21:00 UTC

  Aerolineas costing Argentina 1 million USD daily to operate

  

  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.

• Thursday, September 4th 2008 - 21:00 UTC

  Falklands: Oil companies head for Stanley next May

  

  THE next joint oil operators' meeting to be held in the Falklands is scheduled for the first week of May 2009.