Apple smartphones gaining on Samsung in US
Apple narrowed the gap with Samsung smartphones in the precious US market in the months before the release of the hot-selling iPhone 5 model.
04 October 2012
Gold mine evicts workers as S.African strikes spread
A leading gold mine in South Africa started evicting thousands of its striking workers from company dormitories on Tuesday as work stoppages spread to more gold and platinum mines.
04 October 2012
Google backs off patent complaint against Apple
Google-owned Motorola Mobility withdrew a patent complaint filed with a US commission but remained quiet Tuesday as to the reason for the legal ceasefire.
Taiwan expects tourist boost to US with visa waiver
Taiwanese officials said Wednesday that visitors to the United States are estimated to increase by 50 percent now that the island has been added to the US visa waiver programme.
03 October 2012
Kazakhstan raises fuel prices
Kazakhstan’s Agency for Natural Monopolies Regulation has changed the ceiling prices for regulated fuel.
03 October 2012
Arab and LatAm leaders agree to investment bank
Latin American and Arab leaders agreed to form a joint investment bank during a summit in Peru at which they also discussed the increasingly bloody civil war in Syria.
03 October 2012
S&P warns of little iron ore respite for miners
Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.
03 October 2012
US State Dept seeks to unblock $450 mn for Egypt
The US State Department said Monday it would work with Congress to try to unblock some $450 million in economic aid for Egypt, after a lawmaker froze the funds.
Two S. Korea nuclear reactors shut down
Two South Korean 1,000-megawatt nuclear reactors were shut down Tuesday at separate plants, both as a result of unrelated systems malfunctions.
02 October 2012
Kazakhstan residents prefer loans in tenge
According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.
02 October 2012
New York sues JPMorgan over mortgage securities
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
Xstrata, Glencore announce new deal for massive tie-up
Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
02 October 2012
World's 2nd largest steel firm born in Japan
Japan's Nippon Steel and rival Sumitomo Metal Industries formally merged on Monday, creating the world's second largest steelmaker amid intensifying global competition.