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Government slaps $579 million penalty on India's Reliance The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
16 July 2014
Ride-share operator Lyft's New York launch hit snag Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.
12 July 2014
Holiday packages from employers to improve national tourism: Kazakh Vice PM Kazakhstani Ministry of Industry and New Technologies proposed an alternative to free holiday packages.
09 July 2014
India's Reliance looking into black market for World Cup tickets India's largest private company Reliance Industries said it was investigating how costly World Cup tickets it had bought ended up on the Brazilian black market.
09 July 2014
Silicium Kazakhstan to reopen after scandalous shutdown Scandalously closed Silicium Kazakhstan plant will be reopened by the end of this summer.
08 July 2014
Samsung Electronics flags 25% plunge in Q2 profit Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.
08 July 2014
Twitter buys mobile ad firm Tap Commerce Twitter announced that it has cut a deal to buy mobile ad firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service.
02 July 2014
BNP fined $8.9 bn for breaking US sanctions on Iran, Sudan BNP Paribas pleaded guilty to US criminal charges of violating sanctions on Iran and Sudan for eight years and was fined a record $8.9 billion.
01 July 2014
China state copper firm chief jumps to his death: report The head of a $2.0-billion Chinese copper producer fell to his death from a building, the firm announced Wednesday, and a state-run newspaper said he committed suicide following corruption allegations.
25 June 2014
Fosun goes to Hollywood with Studio 8 investment Shanghai-based conglomerate Fosun International said it would take a stake in new US media company Studio 8, marking a rare investment by a Chinese firm in Hollywood.
24 June 2014
Google's Nest to buy Dropcam for $555 mn Google's Nest Labs said it was buying video monitoring startup Dropcam for a reported $555 million in cash.
21 June 2014
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
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
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.
17 June 2014
Medical device maker Medtronic to buy Covidien for $42.9 bn US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said.
16 June 2014
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.
14 June 2014
Kyrgyzstan grants gold mine operating permits to Centerra Kyrgyzstan has granted a gold mine operating permit to Canada's Centerra Gold, barely making the deadline for a threatened shutdown of operations.
14 June 2014
Celine Dion's husband steps down as manager after 30 years For the first time in her career, Canadian songstress Celine Dion has appointed a new manager, as her husband steps down from the position he has held for more than 30 years.
12 June 2014
Japan's Dai-ichi Life to buy US firm for $5.7 bn Dai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home.
04 June 2014
France says proposed US fine on BNP Paribas 'unreasonable' France's foreign minister on Tuesday labelled as "unreasonable" a $10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba.
03 June 2014
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