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US fiscal cliff deal boosts world markets World markets soared Wednesday after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes and pull their nation back from the fiscal cliff.

03 January 2013

Toyota says to sell 9.7 mn vehicles this year, up 22% Toyota said Wednesday that it expects to sell 9.7 million vehicles globally this year, up 22 percent from 2011 as Japan's biggest automaker accelerates a recovery after last year's natural disasters.

27 December 2012

Chinese giant intends to win Kazakhstan market Major Chinese telecommunications company Huawei has officially announced its entrance into the Kazakhstan market.

19 December 2012

Apple losses bid for US ban on Samsung smartphones A judge late Monday denied Apple's request to ban a set of Samsung smartphones from the US market after a jury found the South Korean electronics titan guilty of patent infringement.

18 December 2012

Toyota shares hit highest level this year Toyota shares on Tuesday jumped to their highest level this year, boosted by a weaker yen and after a report said the firm was on track to be the world's biggest automaker in 2012.

18 December 2012

Dollar falls as fiscal cliff worries grow The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.

16 December 2012

Coca-Cola FEMSA to acquire Philippine bottler Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.

15 December 2012

IMF warns Hong Kong property faces price correction The International Monetary Fund on Wednesday warned that Hong Kong could see an abrupt fall in property prices after years of dramatic increases in one of the world's most expensive housing markets.

12 December 2012

Pressure mounts on fiscal cliff, Obama urges fix US President Barack Obama on Wednesday called for a pre-Christmas deal with Republicans to avert a year-end tax and deficit crunch, as pressure mounted from the business world and stock markets fluttered.

30 November 2012

Sony mulls battery business sale: report Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, a report said Thursday, as the Japanese firm tries to repair its dented balance sheet.

30 November 2012

Indian govt and opposition face off as parliament opens India's shaky government and the opposition locked horns on Thursday as parliament re-opened for a crucial session that will see a recent string of pro-market reforms being hotly contested.

23 November 2012

Falling aluminium prices hit Rusal earnings Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal.

12 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

Android smartphone shipments boom: industry tracker Android software powered three out of four smartphones shipped worldwide in the recently ended third quarter as the Google-backed mobile platform dominated the market.

03 November 2012

Brazil fashion industry struggles to take flight Sao Paulo's Fashion Week is in full swing, giving Brazil the chance to celebrate its status as the world's fifth largest producer of textiles and the fourth biggest producer of finished garments.

02 November 2012

Dollar, euro gain in Asian trade after China data The dollar and euro climbed against the yen in Asia on Thursday as positive Chinese manufacturing data boosted risk sentiment, while traders were also looking ahead to a crucial US jobs report.

01 November 2012

Virgin Australia sells stake to Singapore, pounces on Tiger Virgin Australia on Tuesday sold 10 percent of its business to Singapore Airlines while agreeing to buy a 60 percent stake in Tiger Airways Australia as it upped the ante in its battle with Qantas.

30 October 2012

Microsoft-Apple redux: the empire strikes back It used to be that Microsoft was the evil empire, and Apple the scrappy underdog.

28 October 2012

Microsoft woos mobile users, aims at Apple Microsoft kicked off sales of its revamped Windows 8 system and Surface tablet Friday amid mixed reviews as the tech giant ramped up efforts to compete in a market shifting rapidly from PCs to mobile devices.

27 October 2012

Facebook touts mobile gains as earnings beat forecast Facebook said it was making strong gains in tapping the mobile advertising market as the world's leading social network turned in better-than-expected third quarter earnings Tuesday.

25 October 2012

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