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Airline's pay-by-weight fares take off with passengers The head of a tiny Pacific airline that pioneered a fare system based on passengers' weight said Wednesday the move had been so successful the carrier is upgrading its fleet.

11 December 2013

Car maker Holden to close Australian plants in 2017 Struggling automaker GM Holden on Wednesday said it will shut down its manufacturing operations in Australia by 2017, shedding 2,900 jobs, in a major blow to the nation's car industry.

11 December 2013

Nokia faces $3.4 bln tax claim in India: report Finnish mobile phone maker Nokia faces a tax bill of more than 210 billion rupees ($3.4 billion) in India from liabilities arising out of unpaid charges and penalties since 2006, a report said Tuesday.

10 December 2013

New American Airlines emerges as world's top carrier American Airlines emerged as the world's largest airline Monday, combining with US Airways after a hard-fought battle to overcome US competition concerns.

10 December 2013

Chevron resumes shale work in Romania despite protest Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation.

09 December 2013

China may mean gold for Apple It could be a huge breakthrough for Apple to win a place in the line-up of China's largest telecom provider and a big shakeup for the smartphone market.

06 December 2013

Samsung floats world's largest vessel South Korean shipbuilder Samsung Heavy Industries has floated a tanker-shaped vessel tagged as the world's largest "floating facility" with a length greater than the height of the Empire State Building in New York.

05 December 2013

Japan Tobacco and Philip Morris buy 40% of Russian distributor Japan Tobacco (JT) and Philip Morris will each buy a 20 percent stake in Russian distributor Megapolis for a total of more than $1.5 billion, as the rivals move to tap the world's second-biggest cigarette market.

05 December 2013

Third time a charm: SpaceX launches commercial satellite After two delays, private US company SpaceX on Tuesday successfully launched its first commercial satellite, after repairs were made to the Falcon 9 rocket.

04 December 2013

France to allow armed guards on ships to ward off pirates: PM France will authorise the deployment of armed guards on ships as part of anti-piracy measures, a move long sought by shipping companies, Prime Minister Jean-Marc Ayrault said in an interview published Tuesday.

04 December 2013

Apple buys analytics firm for $200 mn: report Apple has acquired social media analytics firm Topsy for more than $200 million, The Wall Street Journal reported Monday.

03 December 2013

China pipeline blast toll rises to 62 The final death toll from an oil pipeline explosion in the Chinese coastal city of Qingdao is 62.

03 December 2013

Japan's top drugmaker appoints first foreign boss Japan's top drugmaker said Saturday it had picked a GlaxoSmithKline executive as its next president in a rare example of overseas head-hunting by a major Japanese firm.

01 December 2013

Chinese companies owe $1.6 million in payments to their Kazakhstan employees Kazakh-Chinese company AktobeMunaiGas owes more than 250 million tenge ($1.6 million) to its Kazakhstan staff.

29 November 2013

28 oil workers poisoned, 2 fatally in Zhanaozen Mass poisoning of workers of Kezbi oil service company has been registered in Zhanaozen city of Mangystau oblast in western Kazakhstan.

29 November 2013

Walmart to open stores in US capital despite protest Walmart, the biggest retailer in the United States, is opening its first-ever stores in the US capital -- but some aren't giving it a warm welcome.

29 November 2013

Rio Tinto to suspend alumina production at Gove Mining giant Rio Tinto said Friday it will suspend alumina production at its Gove refinery in northern Australia because it is no longer a viable business.

29 November 2013

Chevron alleges Ecuador fraud in oil pollution case Chevron claimed Tuesday that corrupt Ecuadoran plaintiffs mounted an elaborate fraud to win a multi-billion-dollar case against it for polluting the Amazonian rainforest, in arguments before a US court.

27 November 2013

Japan's Panasonic to sell chip plants to Israeli firm: report Japan's Panasonic is nearing a deal to sell three domestic semiconductor plants to an Israeli company as it presses ahead with a move to cut money-losing operations, a report said Wednesday.

27 November 2013

Argentina, Spain agree to negotiate over YPF nationalization Argentina, Spain and Mexico have agreed to negotiate a deal on Buenos Aires' 2012 nationalization of Repsol's stake in YPF, the Economy Ministry said Monday.

26 November 2013

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