World Biz
S&P raises outlook on Aussie mining giant BHP Billiton2017-01-23
Global ratings agency Standard & Poor's (S&P) has raised its credit outlook on BHP Billiton from negative to stable, due to expected rises in commodity prices and the miners ability to pay down their debt.
Cambodia predicts 7-pct economic growth in 20172017-01-23
Cambodia is expected to see a 7-percent economic growth in 2017, the same rate as the country achieved last year, Economy and Finance Ministry officials said on Monday.
Samsung sees battery defects as Galaxy Note 7 fires2017-01-23
Samsung Electronics, which has been struggling to restore consumer trust after some of its flagship Galaxy Note 7s catching fire, saw battery defects as the root cause of fires.
Iran, Oman to launch joint auto plant2017-01-23
An Iranian diplomat said on Sunday that Tehran and Muscat have agreed on setting up a joint auto manufacturing plant in Oman, semi-official Fars news agency reported.
Oil prices have room to up further: Russian minister2017-01-23
Oil prices are likely to go higher as producing countries have been "successfully" implementing a production reduction deal, Russian Energy Minister Alexander Novak said Sunday.
Apple files $1 billion lawsuit against chip supplier Qualcomm2017-01-23
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the US government filed a lawsuit that accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.
Netflix's shrinking DVD service faces uncertain future2017-01-20
Originally cast in a starring role, Netflix's original DVD-by-mail service has been reduced to a bit player that may eventually get killed off as the company focuses on its booming video streaming service.
Facebook announces building of data center in Denmark2017-01-20
Social media giant Facebook announced on Thursday that it would build a new data center in Odense, Denmark's third largest city in Funen island.
Bank of Cyprus begins trading its shares in London2017-01-20
Bank of Cyprus (BoC), the main lender of the bailed-out eastern Mediterranean island, said its shares started trading on the London Stock Exchange (LSE) as of Thursday morning.
Australian consumer confidence on the rise despite uncertainty2017-01-20
Australian consumer spending is on the rise, as uncertainty caused by Brexit and the upcoming inauguration of U.S. President-elect Donald Trump not impacting confidence as the markets had feared.
Europe leading car rental companies pledge to improve services2017-01-20
Five major car rental companies in Europe -- Avis, Europcar, Enterprise, Hertz and Sixt -- have pledged to improve their service to address the increasing number of complaints from consumers, the European Commission said Thursday.
Toshiba's nuclear-related losses top 6 bln dollars, seeks assistance from gov't backed bank2017-01-20
Toshiba Corp. is looking to the state-owned Development Bank of Japan (DBJ) for financial assistance as the beleaguered electronics maker is likely facing a far bigger writedown than initially expected on its struggling nuclear business, sources close to the matter said Thursday.
Second largest Bangladesh mobile operator develops retailers in partnership with IFC2017-01-20
Bangladesh's second largest mobile phone operator Robi has trained hundreds of its retailers under a Retailer Development Program carried out in partnership with the International Finance Corporation (IFC).
Indonesia to settle tax negotiation with Google in Q1 this year2017-01-20
After went through series of negotiation process with giant internet searching engine Google over the tax for its operation in Indonesia, a minister said on Thursday that Google has demonstrated positive signals during the process with its tax payment highly expected to commence in the second quarter this year.
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