Business News

South African company Sibanye Gold is to acquire Gold One’s West Rand operations

 Kenya has formally signed a series of infrastructure contracts with China worth around $5 billion

Ethiopia has signed an $800 million deal with Chinese telecom giant ZTE to expand its mobile phone network

Maersk Group has surprised market watchers by announcing a big rise in profits at its container shipping unit

The world’s largest maker of PCs, Lenovo, has reported a 23 percent rise in profits

The world’s largest phone company, China Mobile, has said that its profits rose more than expected in the first half of 2013

Australia’s largest lender, Commonwealth Bank, has made history by posting the highest ever profit for an Australian bank

UK insurer Prudential has seen its profits increase over the past six months thanks to its strong performance in Asia

China Resources Enterprise (CRE) is in talks with the UK retail giant Tesco about merging their hypermarkets and supermarkets in China

Time Warner has seen its second-quarter profit jump by 87 percent, helped by a strong performance at its film and TV divisions

Chile expects mining investment in the country to reach as high as $112 billion by 2021

John W Henry, owner of the Boston Red Sox baseball team and Liverpool Football Club, is to purchase one of the most prestigious newspapers in the US, The Boston Globe

Plans have been unveiled for the building of a multi-billion dollar pipeline from western Canada to the country’s Atlantic coast

Sony has announced that it registered a jump in profits for the April to June quarter

EADS it to rename itself after its commercial plane-making subsidiary Airbus

The Saudi government has announced plans for what will be the world’s largest ever public transport initiative 

China Molybednum has agreed a deal to purchase Rio Tinto’s 80 percent stake in Northparkes copper and gold mine in Australia 

Samsung has officially overtaken Apple to become the most profitable mobile phone company in the world

Swiss banking giant Credit Suisse has overcome difficult market conditions to record a big rise in quarterly profits

Under the Jawaharlal Nehru National Solar Mission launched in 2010 India has declared a target to install 20,000 MW of solar power by 2022 – and adopted a local content requirement. So with the cost of solar cells and modules continuing to decline and global over capacity a trade war could develop.

US based company ADC & HAS Airports Worldwide is to purchase Belfast International and Stockholm Skasta airports

The UK government has revealed its plans to attract greater interest in shale gas operations

Chinese online retailer Alibaba has reported soaring sales figures

BHP Billiton has joined Rio Tinto in reporting record full-year production figures at its iron ore operations