Business News

US President Barack Obama is set to nominate Federal Reserve Vice-Chair Janet Yellen to be the next head of the US central bank, the first woman to hold to post 

The British pharmaceutical company GlaxoSmithKline is seeking regulatory approval for its malaria vaccine after trials showed it can cut incidence among African children

Airbus has reached a landmarked agreement with Japan Airlines (JAL) for its A350 planes

Bangladesh has begun building the first of two new 1,000 megawatt nuclear power plants north of the capital, Dhaka.

Hochschild Mining plans to raise up to $96 million to help it buy the remaining 40 percent stakes in its Peruvian assets for up to $280 million.

It is believed that Vedanta Resources, the natural resources conglomerate, is looking to expand into gold mining by bidding for the now closed Bharat Gold Mines Ltd (BGML), which owns the Kolar gold mines in Karnataka, South West India.

Britain’s government promises to create a new dedicated military unit to defend against, and maybe launch cyber attacks.

China National Offshore Oil Corporation (CNOOC) has won a $2 billion (£1.3bn) deal to develop an oil field in Uganda

The UK economy gained momentum in the second quarter and growth looks set to continue, says the ONS – and key sectors are leading the way.

Shareholders of US pork producer Smithfield Foods have approved a buyout by Chinese firm Shuanghui International for $4.7 billion in cash

Blackberry has agreed in principle to a deal to be bought by a consortium led by Fairfax Financial

Angela Merkel's centre-right Christian Democrats (CDU) party has won Germany's election, netting more than 40 percent of votes cast: however Mrs Merkel’s current coalition partner the FDP managed to secure only 4.2 percent.

The new Prime Minister of Australia, sworn in today, has pledged his government to abolish the country’s carbon tax, and within 100 days to introduce legislation to abolish the mining tax that has been blamed for damaging jobs and investment.

In a tangible sign that the tension between North and South Korea is over at last, the jointly managed industrial estate is back in business

Shares in Facebook surpassed the previous high achieved on their first trading day of trading back in May 2012

BP has announced that more the £1 billion of contracts have now been awarded to UK-based companies for the redevelopment of the Schiehallion and Loyal oil fields west of Shetland

Japanese firm Suntory has acquired the drinks brands Lucozade and Ribena

The leaders of the Brics group of nations are to set up a $100 billion fund to guard against future financial turmoil

Aliko Dangote, Africa’s wealthiest man, has signed a multi-billion dollar deal to finance the building of an oil refinery in Nigeria

Vodafone has sold its 45 percent stake in Verizon Wireless to US telecoms group Verizon Communications 

It has been confirmed that China's manufacturing activity hit a 16-month high in August

Sinopec, also known as China Petrochemical Corporation, is to purchase a 33 percent stake in the Egyptian oil and gas business of US firm Apache Corporation

Nick Holland, CEO of Gold Fields, has said that the company could yet make further acquisitions in Australia in the near future

All Nippon Airways (ANA) is to acquire a 49 percent stake in Myanmar based airline Asian Wings Airways (AWA)