American Airlines, owed $750 mn, trims flights to Venezuela
American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.
18 June 2014 10:39
Hong Kong steel firm pays $470 mn for 5-star Paris hotel
A Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists' desire for luxury travel.
18 June 2014 08:18
Kazakhstan GDP growth slows down: S&P
Standard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.
Argentine president says country will avoid debt default
President Cristina Kirchner said that there would be no default in payment of Argentina's restructured debt, after a US Supreme Court ruling piled pressure on the country's finances.
17 June 2014 11:16
Shell reduces holding in Woodside
Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.
China Eastern to buy 80 Boeing 737s
US aerospace giant Boeing said Friday that China Eastern Airlines has agreed to buy 80 737 aircraft, its biggest single-aisle purchase to date by a Chinese airline.
China set for 'Golden Age' of natural gas
Demand for natural gas is set to nearly double within five years in China but the emerging market giant will meet half that with domestic supplies, the International Energy Agency said.
10 June 2014 21:40
Japan's Q1 growth fastest in more than two years
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
