Asian governments and international agencies are reeling at the potential economic devastation left by the Asian tsunami and floods. World…
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Yukos unit fetches $9bn at auction
A little-known Russian company has bought the main production unit of oil giant Yukos at auction in Moscow. Baikal Finance…
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Beijingers fume over parking fees
Choking traffic jams in Beijing are prompting officials to look at reorganising car parking charges. Car ownership has risen fast…
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Iraq and Afghanistan in WTO talks
The World Trade Organisation (WTO) is to hold membership talks with both Iraq and Afghanistan. But Iran’s bid to join…
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China bans new tobacco factories
The world’s biggest tobacco consumer, China, has said it will not allow any new tobacco factories to be built. China…
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Burren awarded Egyptian contracts
British energy firm Burren Energy has been awarded two potentially lucrative oil exploration contracts in Egypt. The company successfully bid…
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Disaster claims ‘less than $10bn’
Insurers have sought to calm fears that they face huge losses after an earthquake and giant waves killed at least…
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Criminal probe on Citigroup deals
Traders at US banking giant Citigroup are facing a criminal investigation in Germany over a controversial bond deal. The deal…
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Japan turns to beer alternatives
Japanese brewers are increasingly making money from beer-flavoured drinks rather than beer itself Beer and spirits are heavily taxed in…
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Wipro beats forecasts once again
Wipro, India’s third-biggest software firm, has reported a 60% rise in profit, topping market expectations. Net income in the last…
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