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Oil Prices Advance on Signs of strong US Demand
Oil Prices Advance on Signs of strong US Demand
Global oil prices rebounded Wednesday from the previous day's multimonth lows as dealers digested signs of strengthening crude demand in the U.S.
China Continues Price-Fixing Probe, Fines Japanese Auto Parts Firms $200 Million
China Continues Price-Fixing Probe, Fines Japanese Auto Parts Firms $200 Million
Sumitomo Electric was fined the most. Other companies fined were Denso, Aisan, Mitsubishi Electric, Mitsuba, Yazaki and Furukawa Electric, NSK, JTEKT and NTN.
Volvo Car Reports Return To Profit On China Sales
Volvo Car Reports Return To Profit On China Sales
Chinese-owned Volvo Car Group announced a return to profits on Wednesday in an upbeat half-yearly report that cited "solid" demand for the Swedish brand, particularly in China.
Steve Ballmer Steps Down From Microsoft Board
Steve Ballmer Steps Down From Microsoft Board
Former Microsoft chief Steven Ballmer said Tuesday he will step down as a member of the software giant's board of directors.
Declining FDI into China Not Linked to Foreign Company Probes, Officials Say
Foreign direct investment -- which excludes investment in financial sectors -- fell 16.95% in the month to $7.81 billion, the commerce ministry said, its lowest since July 2012.
Chevron Interested in Ukrainian Gas Network
Chevron Interested in Ukrainian Gas Network 1
U.S. energy giant Chevron is interested in taking a stake in Ukraine's natural gas pipeline network, which the country is opening to Western investors, Russian media reported Monday.
Nizamuddin Railway Station
Dreaming of a World Made in India
"I tell the world - come, make in India. Sell anywhere, but manufacture here. We have the skill and talent," Prime Minister Narendra Modi said.
Rosneft Begins Oil Prospecting Off Norway Despite Sanctions
Rosneft Begins Oil Prospecting Off Norway Despite Sanctions
Russian state oil giant Rosneft, despite tightening Western sanctions, has started exploring for oil in a joint project with Norway's Statoil.
Samsung logo
Samsung to Buy US Home Automation Startup SmartThings
The SmartThings app allows people to monitor and control their home appliances via mobile devices.
BMW logo
BMW's Chinese Dealers Fined over Price-Fixing
Beijing considers using a dominant market position to set prices as a form of monopoly.
$200,000 a Share: Buffett's Berkshire Hits Record High
$200,000 a Share: Buffett's Berkshire Hits Record High
Shares in Warren Buffett's Berkshire Hathaway group top $200,000 apiece for the first time, some eight years after breaking the $100,000 barrier.
Robo-Cook: Android Restaurant Boots Up in China
Has the revolution begun? Robots take over greeting, cooking and serving duties in a new high tech eatery in Kunshan, China.
Cisco to Cut 6,000 Jobs
Cisco to Cut 6,000 Jobs
The announcement came as Cisco announced a modest dip in quarterly profits at $2.2 billion in the quarter to the end of July.
Smart electric car at conference
Germans' Interest in Electric Cars in the Slow Lane
Electric cars are already exempt from road tax for a period of 10 years, but that appears to have provided little incentive thus far, so the German government unveiled new draft legislation last week aimed at giving the sector a boost.
India Tata Steel Q1 Profit Dives, but Europe Improves
India Tata Steel Q1 Profit Dives, but Europe Improves
India's Tata Steel reports that quarterly group net profit slid a bigger-than-expected 70%, but its European operations are picking up.
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