Business News

Thu, May 24, 2012

Swiss authority fines BMW $163 million over imports

ZURICH (Reuters) - The Swiss Competition Commission is fining Germany's BMW 156 million Swiss francs ($163.44 million) for preventing direct and parallel imports ...

Thu, May 24, 2012

Putin orders Rosneftegaz assets sale in 2013-2015

MOSCOW (Reuters) - Russian President Vladimir Putin on Thursday ordered the government to approve a plan to sell in 2013-2015 state shares in the holding ...

Thu, May 24, 2012

China factory data signals weak first-half growth

By Lucy Hornby

BEIJING (Reuters) - China's factories took a hit in May as export orders fell sharply, a private sector survey showed on ...

Thu, May 24, 2012

Swiss authority fines BMW $163 million over imports

ZURICH (Reuters) - The Swiss Competition Commission is fining Germany's BMW 156 million Swiss francs ($163.44 million) for preventing direct and parallel imports ...

Thu, May 24, 2012

Chinese Estates head to be prosecuted in Macau over bribery

By Alex Frew McMillan

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings <0127.HK>, will face prosecution over bribery and ...

Thu, May 24, 2012

Aviva adds S.Korea, Sri Lanka to Asia exit list: sources

By Denny Thomas and Clare Baldwin

HONG KONG (Reuters) - British insurer Aviva plc is putting its South Korean and Sri Lankan businesses on the ...

Thu, May 24, 2012

Media exec Sloan eyes Australia's Nine Entertainment: source

(Reuters) - U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia ...

Thu, May 24, 2012

Rio Tinto sticks to bold iron ore expansion plans

SYDNEY (Reuters) - Rio Tinto is maintaining its plan to substantially increase iron ore production over the coming years, saying its global output capacity could ...

Wed, May 23, 2012

Chinese Estates head to be prosecuted over bribery in Macau

By Alex Frew McMillan

HONG KONG (Reuters) - Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings <0127.HK>, will face prosecution over bribery and ...

Wed, May 23, 2012

Chinese Estates head to be prosecuted over bribery in Macau

By Alex Frew McMillan

HONG KONG (Reuters) - Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings <0127.HK>, will face prosecution over bribery and ...