Archive for December 2012
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China Aviation Oil (CAO), Asia's top jet fuel buyer, is planning to tap newer growth markets like India and the Middle East as part of its plan to expand globally, its chief executive said. CAO's
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Sumitomo Mitsui Financial Group Inc plans to speed expansion in Asia via its non-banking units like consumer finance and credit, hoping to lure the region's retail clients, the head of Japan's third-largest lender by assets
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Iraq's Asiacell, a unit of Qatar Telecom, said it planned to raise at least $1.35 billion by floating 25 percent of its share capital on the Baghdad stock market, in what would be the country's
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Iraq's Asiacell, a unit of Qatar Telecom, said it planned to raise at least $1.35 billion by floating 25 percent of its share capital on the Baghdad stock market, in what would be the country's
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A Christmas Eve glitch traced to Amazon.com Inc that shuttered Netflix for users from Canada to South America highlights the risks that companies take when they move their datacenter operations to the cloud. While the
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Five years into the great financial crisis, private investment in rich countries is still dead in the water, underlining the depth of the downturn and offering fresh evidence of the global economic tilt to emerging
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China's consumers are leading an uneven recovery in the world's second biggest economy that has retailers expecting stronger sales in six months, early results of a national survey showed on December 26. The China Beige
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China's Hanlong Group intends to take over Australian mining company Sundance early next year and gain control over a key supply of iron ore in Africa, state media reported on December 29. The Xinhua news
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Argentina's state-owned energy giant YPF said on December 28 it has signed an agreement with Bridas to exploit oil shale deposits with an initial investment of $1.5 billion over two years. Under the deal, the
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China's Shenzhen Stock Exchange will delist two loss-making companies, the first delistings under tighter rules for underperforming firms aimed at boosting confidence in the sluggish equities market. Software producer Powerise Information Technology Co and real
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