Tata Motors’ Jaguar Land Rover on Wednesday announced that it has reached an agreement on a proposed joint venture in China with Chery Automobile Company. The union, which will m...
Chancellor George Osborne delivering his third budget speech on Wednesday said that his budget was “fiscally neutral” with “a modest reduction in both taxation and spending....
The Inter-American Development Bank (IADB) has launched a $1bn fund with the Chinese government with the intention to invest in the Caribbean and Latin America, said the bank’s P...
After a controversial struggle with mining corporations which spanned two years, parliament has passed a law imposing a 30 percent tax on coal mine profits. The tax will affect any...
Rusal, the world’s largest aluminium producer by volume, said on Monday that adjusted net profit results for 2011 showed a plunge of 91.7 percent due to high debt servicing outgo...
There is a growing concern about cost inflation in the Chilean mining industry, according to the CFO of London-listed Chilean mining group Antofagosta. The news comes amid worries ...
An executive director at US investment giant Goldman Sachs on Wednesday resigned publicly by way of a contemptuous opinion piece in the New York Times, saying the work environment ...
Germany’s biggest utility group, EON AG, announced on Wednesday a 50 percent profit drop due to reduced power generation earnings following the closure of its nuclear reactor, an...
Russian billionaire Viktor Vekselberg resigned as chairman of Rusal on Tuesday, saying the company’s bad management style, led by CEO Oleg Deripaska, has brought on a debt crisis...
Citigroup has announced late on Sunday it is to increase its China presence to a hundred from the current 47 within two to three years, according to the CEO for Asian operations, S...