Business Insights

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Latest Business Insights

India cuts interest rate

India’s reserve bank has lowered its benchmark repo rate, the rate at which it lends to commercial banks, by 25 basis points in a bid to jumpstart the country’s economy.

By Editorial Team

Airbus wins record order from Indonesia’s Air Lion

European plane maker Airbus has announced it has received a record order from Indonesia's Lion Air for 234 medium-haul A320 jets.

By Editorial Team

Tokyo stocks dive on Cyprus bailout

Tokyo stocks fell 2.71 percent at the close Monday after the yen soared on news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.

By Editorial Team

Lego to build factory in China

Danish toy maker Lego has announced plans to build its own factory in China to serve the rapidly growing Asian market.

By Editorial Team

Kuroda named BOJ governor

Haruhiko Kuroda is the new governor of the Bank of Japan (BoJ), after Japan’s parliament approved his appointment.

By Editorial Team

Li Keqiang named China’s new premier

Li Keqiang , who already holds the number two spot in the Communist Party, is now in charge of running the world’s second-largest economy and it is one of the final steps of a landmark power transition.

By Editorial Team

China names new president

Beijing has confirmed Xi Jinping as president, replacing Hu Jintao who is stepping down after 10 years at the top.

By Editorial Team

Famous Brands enters India with Debonairs Pizza

JSE-listed Famous Brands has announced its expansion into India, with a pilot Debonairs Pizza restaurant set to open in Mumbai in July 2013.

By Editorial Team

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.

By Editorial Team

BOJ: Japan lower house endorses Kuroda

Japan’s lower house of parliament has endorsed Haruhiko Kuroda to become the next central bank governor.

By Editorial Team