Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.

Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.

The IRS proposed reform for the money market fund industry is set to tackle tax matters. On Wednesday, the US Internal Revenue Service recommended new regulations.

Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.

A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.

The Iranian central bank has set the official dollar-to-riyal rate to 24,779. Iran's central bank has listed on its website on Saturday the new price of a dollar.

The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.

Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.

BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.

Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.