Manchester United slashes price for US IPO
Britain's world-renowned football club Manchester United slashed the price of its US share launch, cutting the amount it was raising in Friday's IPO to $233 million from a hoped-for $300 million or more.
10 August 2012
Toyota announces $495 mn investment in Brazil
Top Japanese automaker Toyota plans to invest $495 million dollars to build an engine plant in Brazil, the company's president said Wednesday after meeting Brazilian President Dilma Rousseff.
10 August 2012
Japan invests in Atyrau refinery
Kazakhstan's Atyrau refinery signed a loan agreement with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ for $297.5 million.
09 August 2012
S. Korea firms in talks to resume Iran oil imports
South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by using Iranian tankers as a way to circumvent EU sanctions.
S&P cuts Greek outlook to 'negative'
Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
Turkish economic miracle woos German businesses
As Europe battles its never-ending debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job.
Qantas pilot tests positive for alcohol
A Qantas Airways pilot failed an alcohol test after being removed from the controls of a passenger flight just minutes before take-off over concerns she had been drinking.
06 August 2012
Heineken to buy maker of Tiger beer for $4.1 billion
Dutch brewer Heineken said Friday it has reached a deal to buy the Asian brewing group that makes Tiger beer for $4.1 billion, as it seeks to bolster its presence in the fast-growing region.
04 August 2012
Commodity prices mostly fall on lack of stimulus measures
Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kick-start the struggling global economy.
04 August 2012
Investigations of Shell's Nigeria spills a 'fiasco': Amnesty
Rights group Amnesty International said Friday investigations into Shell oil spills in Nigeria were a "fiasco," alleging the company repeatedly blamed sabotage in an effort to avoid responsibility.
04 August 2012
BHP chief forgoes bonus after $2.84 bln US gas writedown
BHP Billiton on Friday said chief executive Marius Kloppers will forgo his annual bonus after the world's biggest miner was forced to write down the value of its US shale gas assets by US$2.84 billion.
03 August 2012
Euro stays weak in Asia after ECB disappointment
The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.
London tourism rates plunge during Olympics
The London 2012 Olympics appears to be deterring tourists from the capital's centre after warnings of travel chaos and overpriced hotel rooms.