China plans to launch crude oil futures market
China, the world's largest energy consumer, on Friday took a step towards launching a market of its own for crude oil futures -- which foreign investors may be allowed to trade.
23 November 2013
Apple awarded $290 mln in Samsung patent case
A US federal jury Thursday ordered Samsung to pay $290 million in damages to Apple in a partial retrial of a blockbuster patent case involving the two smartphone giants.
22 November 2013
iPhone maker Foxconn invests $40 million in US
Taiwan's Foxconn, the maker of iPhones, iPads and other electronics in China, said Thursday it would invest $40 million in the United States to ramp up manufacturing of high-end products.
22 November 2013
BoJ holds fire on stimulus, says economy recovering
The Bank of Japan on Thursday held off announcing any fresh measures to stimulate the economy, saying it was "recovering moderately" and that efforts to stoke inflation were taking hold.
21 November 2013
Kazakhstan’s President meets Central Bank Governor
The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues], increased by 7.4% since the start of the year, reaching $92.4 billion: Central Bank Governor.
21 November 2013
BHP sees China driving resources demand for 15 years
Anglo-Australian mining giant BHP Billiton on Thursday said China's economic growth was resilient enough to drive strong demand for commodities for the next 15 years.
21 November 2013
US opens Tesla safety review, company orders changes
A US government agency said Tuesday it was investigating fires in Tesla electric vehicles, as the company ordered modifications aimed at reducing what it called a negligible risk.
Taiwan firm sues Samsung for patent infringement
A Taiwanese electronics company said Wednesday it has filed a lawsuit against South Korean tech giant Samsung for allegedly infringing on its optics technology patents.
Drugs scandal rocks Britain's troubled 'ethical' bank
Britain's Co-operative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs.
19 November 2013
Kazakhstan hoping to enter WTO in 2014
Accession is only possible after we have agreed on the amount of subsidies to agriculture in line with Kazakhstan’s mid and long-term plans: Minister for Economic Integration.
Forbes magazine publisher seeks buyer
Forbes Media, the family-owned group known for its business magazine which chronicles great wealth, said Friday it is up for sale.