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Oil giant Petrobras finds new reserves

Oil giant Petrobras finds new reserves

Brazilian energy company Petrobras announces the discovery of “excellent quality” crude oil in a deep-water field.

Russia oil output hits post-Soviet high

Russia oil output hits post-Soviet high

Russia experiences a growth in oil production reaching a record 10.4 million barrels a day.

India foreign exchange reserves up to $296 billion

India foreign exchange reserves up to $296 billion

India’s foreign exchange (forex) reserves increased by $39.6 million to $296.57 billion in the last week of December 2012.

Tablet computer sales expected to surge in 2013

Tablet computer sales expected to surge in 2013

Leading telecommunications industry analysts are predicting that India’s tablet computer market will undergo significant growth in 2013.

China on track to become automotive powerhouse

China on track to become automotive powerhouse

China outpaces Europe in automotive sales, making it one of the world's top producers.

India’s Tata group plans global expansion

India’s Tata group plans global expansion

India's top car-maker is set to expand in Indonesia as it bids for Jaguar and Land Rover acquisition.

China manufacturing index brings New Year Cheer

China manufacturing index brings New Year Cheer

China final manufacturing PMI rises to a 19-month spurred by an expansion of production.

India records 6-month high in manufacturing growth

India records 6-month high in manufacturing growth

Growth in India's manufacturing sector improved further in December, registering the fastest pace in six months, a new HSBC survey reports.

China’s Hanlong Group to take control of African iron mine

China’s Hanlong Group to take control of African iron mine

Hanlong Group is aiming at gaining control over Australian mining company Sundance enabling it to takeover a key iron mine in Africa.

Brazil welcomes world’s largest lender

Brazil welcomes world’s largest lender

Brazilian regulators gave approval to the Industrial and Commercial Bank of China Ltd to operate a subsidiary in Latin America’s largest economy.