Chevron, YPF ramp up Argentina shale investment
US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
Indian drug maker Sun to buy troubled peer Ranbaxy for $4.0 bln
Top Indian drug giant Sun Pharmaceutical Industries said Monday it had agreed to buy its troubled peer Ranbaxy for $4.0 billion in stock, ending its ill-fated six-year control by Japan's Daiichi Sankyo.
07 April 2014
US allows Boeing to sell plane parts to Iran
The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.
05 April 2014
China's Huawei partners with Paris SG football club
Chinese tech giant Huawei has signed a three-year sponsorship deal with Paris Saint-Germain, one of Europe's biggest football clubs, the French club announced Saturday.
Novartis replaces top Japan executives over drug trial scandal
Swiss pharmaceutical giant Novartis said Thursday it was replacing the top executives at its Japanese unit over allegations the division hid serious potential side effects of leukaemia treatments from regulators.
03 April 2014
Lufthansa flights to return to normal Saturday: CEO
German airline Lufthansa, which is currently battling the biggest strike in its history, expects normal services to be up and running on Saturday, its chief executive said.
03 April 2014
Mining giant BHP mulling demerger
Global mining giant BHP Billiton is considering spinning-off its aluminium, bauxite and nickel assets into a single entity that would be worth about Aus$20 billion ($18.5 billion), reports said Wednesday.
02 April 2014
Pilots' strike grounds Lufthansa
Lufthansa, Germany's biggest airline, said Monday it will be forced to cancel most of its flights later this week, grounding as many as 425,000 passengers, due to a pilots' strike.
01 April 2014
S.Korea's Samsung SDI absorbs materials unit
Samsung SDI, the world's largest smartphone battery maker, said Monday it would absorb an affiliate producing electronic chemical materials, in the latest restructuring of the giant Samsung Group.
31 March 2014
Italian firm wins $1.2 bn Lima metro contract
Italian industrial giant Finmeccanica on Friday said it had won a $1.2 billion (873 million euro) contract for building and operating unmanned metro lines in Lima.
Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand
Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.
29 March 2014
McDonald's entering Kazakh market
A McDonald's in Almaty, the biggest city in Kazakhstan, is to be launched May 1 on Arbat, the main pedestrian zone. The fast food outlet in Astana is to be launched June 1 in Khan Shatyr shopping mall.
28 March 2014
Prodigal son returns as Murdoch sets succession plan
Rupert Murdoch's prodigal son is back, with key roles in the family's media entertainment empire in what appears to be a succession plan for the 83-year-old tycoon.