Sweden has sweetened its bid to sell 36 fighter jets to Brazil by saying that 40 per cent of the aircraft would be built in Brazil.

AustraliaÔÇÖs second largest airline, Virgin Blue, is reportedly in talks with Chicago-based aircraft manufacturer Boeing for a fleet upgrade that could be worth $3.5 billion.

UK engineering and construction company Balfour Beatty is preparing a rights issue to fund what it calls a ÔÇ£significantÔÇØ acquisition.

UK-based Tullow oil and Texas-based Anadarko Petroleum are due to reveal the discovery of a new oil frontier stretching along the African coast from Ghana to Sierra Leone.

French energy firm EDF is hoping to take a ten per cent stake in Russian GazpromÔÇÖs South Stream gas pipeline, it has emerged.

UK-based Tullow oil and US-based Anadarko Petroleum are due to reveal the discovery of a new oil frontier stretching along the African coast from Ghana to Sierra Leone.

Avaya, the manufacturer of corporate phone systems and software, has paid $915 million to acquire Nortel Networks' enterprise business, its second-largest unit by revenue.  The deal, which is subject to Canadian and US court and regulatory approvals, includes $15 million for an employee retention program. Basking Ridge, New Jersey-based Avaya had previously made a $475m stalking horse offer for the enterprise unit, which makes phone equipment and networks for businesses and has annual revenues of around $2.4 billion.

Air France-KLM is reportedly in talks with Japan Airlines (JAL) to invest up to $300 million (Ôé¼205 million) for a stake in the struggling carrier.

Italian firm Finmeccanica has announced its New Jersey-based DRS Technologies unit has won a $1.9 billion contract to supply the US armed forces with infrared technology.  The contract for the technology on driverÔÇÖs vision enhancers, or DVEs, was awarded to DRS alongside a second supplier.

Italian firm Finmeccanica has announced its DRS Technologies unit has won a $1.9 billion (Ôé¼1.3 billion) contract to supply the US armed forces with infrared technology.