Asian markets mostly down, weak China data
Asian markets were mostly lower on Friday as traders took a breather after healthy gains in the previous session while Chinese data showed growth in manufacturing activity had slowed.
01 March 2013 18:30
Shymkent faces construction boom
Kazakhstan's southern city of Shymkent will become a major metropolis in 4 years: chief architect of South-Kazakhstan oblast Ashirbayev.
01 March 2013 18:11
Facebook buys advertising firm from Microsoft
Facebook agreed Thursday to buy Atlas Advertiser Suite from Microsoft as part of an effort to boost ad revenues at the massive social network.
01 March 2013 11:05
Royal Bank of Scotland posts 2012 net loss of £5.971 billion
State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.
28 February 2013 16:48
Sony sells Tokyo office building for $1.2 bn
Sony said Thursday it has sold one of its main buildings in Tokyo for $1.2 billion as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet.
28 February 2013 15:59
Astana to get high-speed buses
This will allow us to transport a good number of passengers and improve organization of road traffic in general: Astana Mayor.
28 February 2013 15:11
Australian government pension fund dumps tobacco
The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.
US drug firm Mylan to buy Indian firm for $1.6 bn
US generic drugs specialist Mylan said Thursday it would buy a unit of India's pharma firm Strides Arcolab for $1.6 billion, boosting its presence in the high-growth injectable drugs market.
US lawsuit claims 'King of Beers' is watered down
The makers of Budweiser faced accusations on Tuesday of watering down the popular American lager in search of higher profits, in a class action lawsuit flatly rejected by the brewery.
27 February 2013 17:07
Looming US cuts raise fears for world's poor
With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
27 February 2013 14:47
Samsung defends working practices in China plants
Samsung Electronics defended its working practices Wednesday after a lawsuit was filed in France against the South Korean giant over conditions at its supplier plants in China.
Chinese oil giant CNOOC buys Canada's Nexen
The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.
