Australian tycoon sells racing empire to Mideast group
Australian coal tycoon Nathan Tinkler on Wednesday said his thoroughbred breeding and racing empire had been bought by a consortium of local and Middle Eastern parties for an undisclosed sum.
21 May 2014 18:15
Australia's Treasury Wines rejects $2.85 bn takeover offer
Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.
Credit Suisse guilty on US felony charge, pays $2.6 bn
Credit Suisse pleaded guilty and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.
Yahoo Japan cancels $3.2 bn plan to buy eAccess
Internet giant Yahoo Japan said Monday it had cancelled plans to buy domestic telecom company eAccess from its parent SoftBank Corp. in a deal that was valued at about $3.2 billion.
20 May 2014 10:33
Swiss turn down world's highest minimum wage
Swiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.
19 May 2014 12:40
Kazakhstan planning to reduce foodstuffs imports
The imports figures are posing a certain threat to domestic processing enterprises (…) The Government has placed a greater emphasis on development of processing enterprises to stimulate production: Agriculture Minister.
17 May 2014 19:55
Kazakhstan to produce 190 000 cars a year by 2019
The task is to bring the number of cars from the current 37 000 to 190 000 cars a year, with the share of locally produced parts from raising from the current 30% to 50%: Industry Minister Asset Issekeshev.
17 May 2014 19:24
PlayStation 4 leads jump in US console sales
Sony's PlayStation 4 led a surge in console sales that lifted the US video game market in April, said figures released Thursday by market research firm NPD Group.
Massive PNG gas project loads first shipment
Australian energy firm Santos said Friday the first exports from its huge US$19 billion gas project in Papua New Guinea will soon depart for Japan, four years after the joint venture was given the go-ahead.