Australian airline Qantas has posted a record fiscal first-half profit thanks to cost-cutting measures. Net profit in the six months…
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Russian oil merger excludes Yukos
The merger of Russian gas giant Gazprom and oil firm Rosneft is to go ahead, but will not include Yugansk,…
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Yukos owner sues Russia for $28bn
The majority owner of embattled Russian oil firm Yukos has sued the Russian government for $28.3bn (£15.2bn). The Kremlin last…
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Jobs go at Oracle after takeover
Oracle has announced it is cutting about 5,000 jobs following the completion of its $10.3bn takeover of its smaller rival…
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China’s Shanda buys stake in Sina
Chinese online game operator Shanda Interactive Entertainment has bought a 20% stake in Sina, the country’s biggest internet portal firm.…
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Millions go missing at China bank
Two senior officials at one of China’s top commercial banks have reportedly disappeared after funds worth up to $120m (£64m)…
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Khodorkovsky quits Yukos shares
Jailed tycoon Mikhail Khodorkovsky has transferred his controlling stake in oil giant Yukos to a business partner. Mr Khodorkovsky handed…
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Singapore growth at 8.1% in 2004
Singapore’s economy grew by 8.1% in 2004, its best performance since 2000, figures from the trade ministry show. The advance,…
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Booming markets shed few tears
The market, former British government minister Michael Heseltine once said, has no morality. And indeed, stock exchange traders around Asia…
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Industrial output falls in Japan
Japanese industrial output fell in October while unemployment rose, casting further doubt on the strength of the country’s economic recovery.…
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