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India set to clear IKEA retail plan: minister India is on track to approve a bid by Swedish furniture giant IKEA to open its trademark blue-and-yellow stores in the country as it seeks big new markets for its flat-pack products.

28 December 2012

STX France lands major luxury liner order An ailing French shipyard landed a multi-million-dollar contract Thursday as a US cruise company announced it was ordering a massive luxury liner from STX France at Saint Nazaire.

28 December 2012

S. Korea's KT bids for Vivendi stake in Maroc South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.

27 December 2012

US-Japan joint venture picked for Mozambique gas project A joint venture consisting of US company CB&I and Japan's Chiyoda Corporation has been picked to participate in a liquefied natural gas project in Mozambique.

26 December 2012

ConocoPhillips sells off Nigerian operation US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).

21 December 2012

AU Optronics executive guilty in LCD price-fixing case A US jury on Tuesday found a former senior manager at Taiwan-based AU Optronics Corp. guilty of taking part in a global scheme to rig prices of liquid crystal display screens.

19 December 2012

'Gulf princesses' hold key to lingerie firm revival Gulf princesses. The key to success holds in two simple words for Maison Lejaby, a historic lingerie maker rescued from collapse 10 months ago, and newly revived as a purveyor of "Made in France" luxury.

12 December 2012

PPR joins luxury sector rivals on China gold rush trail PPR, the French retailer that has snapped up Hong Kong jeweller Qeelin, intends to leverage the brand to build its presence in China and across Asia in a path already trodden by up-market rivals such as Richemont and Hermes.

12 December 2012

HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.

05 December 2012

India warns Maldives over airport deal row India warned its neighbour the Maldives on Monday that it might freeze annual aid worth $25 million amid anger over an attempt to kick out the Indian firm managing the main airport in the country.

05 December 2012

Murdoch's British newspaper chief to leave company Rupert Murdoch's top newspaper lieutenant in Britain is to leave his post at the end of the year, it was announced Sunday, heralding the start of a major shake-up at parent company News Corporation.

03 December 2012

SIA in talks to sell off Virgin Atlantic stake Singapore Airlines said Monday it was in talks with "interested parties" on a possible sale of its 49 percent stake in Virgin Atlantic as media reports listed US carrier Delta Air Lines as a possible buyer.

03 December 2012

ArcelorMittal warns France over pressure on Florange Steel giant ArcelorMittal warned the French government Friday that efforts to force it to sell all of its Florange plant, rather than just the parts it wants to close, threaten the company's presence in France.

25 November 2012

Japan, India to cooperate on rare earth production Japan has signed a memorandum of understanding with India to promote joint production of rare earth minerals, a move which will help reduce its reliance on China which controls most of the world's supply.

18 November 2012

BP says in 'advanced discussions' to settle Gulf spill case British energy giant BP said on Thursday it was in advanced discussions to settle open criminal and regulatory cases with US authorities over the 2010 Gulf of Mexico oil spill disaster.

16 November 2012

Anti-virus legend McAfee wanted for murder in Belize John McAfee, founder of the eponymous anti-virus company, is on the run for killing another US citizen in a resort town.

13 November 2012

Apple still perched high, but seems vulnerable Apple, the world's biggest and perhaps most admired company, seems to have lost some of its luster.

11 November 2012

Abramovich eyes Australian gas investment - report Chelsea football club owner Roman Abramovich jetted into Australia for talks with resource company Linc Energy, renowned for its underground coal gasification (UCG) technology.

08 November 2012

Cosmetics giant L'Oreal opens huge Indonesia plant Cosmetics giant L'Oreal on Wednesday opened its biggest factory in the world in Indonesia, as it seeks to profit from strong demand for beauty products in fast-growing Asia.

07 November 2012

Japan's Suzuki shutters US car business Japan's Suzuki said Tuesday it would shut down its money-losing car business in the United States and file for bankruptcy, citing a strong yen and weak demand for its small cars in the US market.

06 November 2012

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