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Woodside shelves huge gas project in Australia Australia's Woodside Petroleum Ltd. on Friday announced it was shelving onshore plans for the controversial multi-billion-dollar Browse liquefied natural gas export project.

12 April 2013

Kazakhstan and Russia to join in grain transportation Kazakhstan's KazTemirTrans and Russian RusTransCom (RusAgroTrans) will establish a joint company for grain transportation.

09 April 2013

Huawei looks to win back faith of United States Chinese tech giant Huawei said Monday that it hoped to "solve the challenges and problems" it has in the United States after Washington labelled it a security threat last year.

08 April 2013

Shell puts last Australian refinery on market Global energy giant Shell announced Thursday it was selling its last remaining Australian refinery to focus on more sizeable assets abroad, a move that threatens 470 jobs.

04 April 2013

Apple apologises after China outrage Apple chief executive Tim Cook has apologised to Chinese consumers after the US technology giant was subjected to a barrage of criticism in state-run media over alleged "arrogance" and double standards.

02 April 2013

UPS to pay $40 million for illegal pharma shipments UPS Friday agreed to forfeit $40 million and implement a compliance program after a Department of Justice probe found the company delivered drugs on behalf of illegal online pharmacies.

30 March 2013

Bidding war erupts for Russian mobile operator Swedish telecoms operator Tele2 on Thursday announced it had agreed to sell its Russian subsidiary to Russian state bank VTB.

29 March 2013

BlackBerry shows signs of life in transition quarter Showing signs of fresh life, smartphone maker BlackBerry eked out a small profit in a transition quarter in the midst of its rollout of a make-or-break platform to challenge Apple and Android.

29 March 2013

American Airlines, US Airways merger approved A US bankruptcy court judge approved Wednesday the merger of American Airlines and US Airways, which will create the country's largest airline.

28 March 2013

Dow Chemical signs agreement on Argentina oil, gas Argentina's state-run energy company YPF said Tuesday it signed a memorandum of understanding with the local subsidiary of Dow Chemical to develop shale gas in the southern Nequen province.

27 March 2013

Bidding war for Dell as new offers emerge A bidding war broke out Monday for US computer maker Dell as two new acquisition offers emerged in competition with the private buyout led by founder Michael Dell.

27 March 2013

Former Woodside advisor Australia's new resources minister Australia's new Resources and Energy Minister Gary Gray on Monday denied there would be any conflict of interest stemming from his previous job as an advisor to oil and gas giant Woodside.

25 March 2013

TNT Express to shed 4,000 jobs after UPS takeover fails Dutch post and courier company TNT Express said Monday it would shed around 4,000 jobs over the next three years as it restructures after US rival UPS' takeover bid failed in January.

25 March 2013

Petrobras aims to triple Brazil's offshore oil output Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.

20 March 2013

China solar giant Suntech falls back to Earth China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.

20 March 2013

Airbus to sign mega A320 order from Asian carrier Lion Air European aerospace giant Airbus will sign Monday what would mark one of its biggest orders ever from Indonesia's Lion Air for more than 200 A320 medium-haul jets.

18 March 2013

Panasonic to shrink TV business, exit plasma: report Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays.

18 March 2013

China Everbright to relaunch Hong Kong IPO plans China Everbright Bank, a mid-sized lender, said Wednesday it would relaunch plans to list shares in Hong Kong, after earlier aborted attempts at an overseas stock offer.

14 March 2013

KazTransOil announces 2012 earnings KazTransOil earned over 33 billion tenge ($220 million) in 2012.

11 March 2013

US companies keep more money offshore: report US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes.

11 March 2013

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