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.
China names new president
Beijing has confirmed Xi Jinping as president, replacing Hu Jintao who is stepping down after 10 years at the top.
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.
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.
Golden Agri Liberia project gets $500m loan from China
Singapore-listed Golden Agri Resources Ltd, the world’s second-largest palm oil producer, said Wednesday its Liberia business Golden Veroleum has received a $500 million loan from the China Development Bank.
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.
