Slim increases his stake in NY Times

Mexican billionaire also takes advantage of low valuations to boost his investment in US department store group Saks

• NY Times signs up 100,000 online subscribers
• Gannett earnings fall on weak advertising

Antofagasta profits up on Esperanza output

The arrival of a new mine producing copper and gold, two of the world’s most profitable commodities, lift earnings at Antofagasta, the London-listed Chilean copper miner

• Escondida strike to end
• Only two numbers matter for mining groups

G4S targets emerging markets

Austerity measures encourage security group to broaden its attention from its traditional markets of government outsourcing contracts

Brazil hosts a homecoming

Long-term expatriates are returning to Latin America’s largest economy to help with a shortage of managerial talent, writes Joe Leahy

Electrolux makes acquisition in Latin America

Swedish appliance maker’s $690m deal with Chile-based CTI comes after its Egyptian purchase and reflects efforts to boost emerging market sales

Petrofac eyes opportunities in Libya

The oil and gas services group expects to send staff to the country by the end of the year to look at possible options in the country

Gulf of Mexico oil lease sales resume

First issuance since the Deepwater Horizon disaster comes as the Obama administration tries to put pressure on companies to develop their fields more quickly

Bunge to invest $2.5bn in Brazilian cane

US-based agricultural group plans seeks to boost its sugar and biofuels business as it battles for control of one of the world’s hottest alternative energy markets