ENI sells Mozambique stake to CNPC
Italian oil giant ENI has signed an agreement to sell 28.6 percent of its subsidiary Eni East Africa, which owns the Area 4 natural gas field in Mozambique, to China National Petroleum Corp, the country's largest oil producer, for $4.21 billion.
BOJ: Japan lower house endorses Kuroda
Japan’s lower house of parliament has endorsed Haruhiko Kuroda to become the next central bank governor.
Volkswagen to open seven China factories
Volkswagen is planning to open seven more factories in China, chief executive Martin Winterkorn says.
Cathay Pacific profits fall 83%
Hong Kong-based Cathay Pacific has announced profits have fallen 83 percent amid higher fuel costs and a drop in demand for corporate travel.
India’s GVK in Australian coal deal
India’s GVK has joined forces with Aurizon, Australia’s largest rail freight company, to build the infrastructure needed for the development of the Galilee Basin in central Queensland.
Japan in energy breakthrough
Resource-starved Japan has extracted methane hydrate – better known as “fire ice” – from its seabed in what has been described as an energy breakthrough.
Former Sony CEO to retire in June
Howard Stringer, Sony board chairman, who served as president and CEO from 2005 to 2012, is to retire, he announced.
India car sales fall 26%
Car sales in India's passenger market fell by nearly 26 percent last month on an annual basis, industry figures show.
