Tuesday, April 15, 2014
Foreign direct investment (FDI) in Indonesia may double the average growth rate of FDI going into other emerging markets, which was estimated to have reached about 10 percent a year, Investment Coordinating Board (BKPM) Chief Mahendra Siregar said.
The Russian stock markets and the ruble fell in early trading on Monday after clashes between pro-Russian forces and the Kiev authorities in eastern Ukraine.
French auto group Peugeot Citroen, fighting to recover from crisis with a new Chinese shareholder, presented a recovery strategy on Monday, but its shares slumped.
U.S. bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
Greece will issue more bonds after last week's successful five-year debt sale that ended a four-year drought, the head of the debt agency said on Sunday.
Anglo American's chief executive has hinted that the mining titan is looking to offload its strike-hit South African platinum mines to concentrate on open-cast extraction.
German heavy industry giant ThyssenKrupp said on Monday it is in talks with Saab of Sweden over the sale of its Swedish shipywards business.
The U.S. Department of Energy is soliciting for another round of research into methane hydrates, the potentially huge energy source of “frozen gas” that could step in for shortages of other fossil fuels.
Monday, April 14, 2014
Chinese conglomerate Sanpower has agreed to buy a majority stake in British department store House of Fraser in a deal worth 480 million pounds (US$800 million), according to a joint statement.
State-run CPC Corp. (中油) announced yesterday that based on the latest movements of its floating oil price index, the price of domestic fuel will remain unchanged remained unchanged over the course of this week.