Luxembourg - ArcelorMittal, the world's largest steel company, announced Wednesday that it was expanding its operations in Brazil with the acquisition of London Mining Brasil for about 810 million dollars (551 million euros).
The Luxembourg-based company also said it would develop an iron ore port facility in Sepetiba Bay, some 70 kilometres west of Rio de Janeiro.
ArcelorMittal wants to use the port to export iron ore extracted from the London Mining Brasil mine in the state of Minas Gerais to its steel facilities in the Atlantic basin.
Luxembourg - Germany's postal monopoly, Deutsche Post (DP), triumphed Tuesday in a six-year-old legal fight with the European Commission, winning the right from the European Court to claim back up
Luxembourg - Croatia hopes to conclude its talks on becoming a member of the European Union by the time the bloc's executive ends its term of office in late 2009, but stumbling-blocks remain in its
Luxembourg - The political crisis caused by Ireland's rejection of the European Union's Lisbon treaty will not stop the bloc's enlargement, with progress for Turkey, Bosnia and Croatia expected thi