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China firm to buy $5bn stake in Kazakhstan oil field

China firm to buy $5bn stake in Kazakhstan oil field

The Kashagan oil field is widely described as the largest field discovered in the past 30 years.

China builds world’s largest marine equipment for Brazil

China builds world’s largest marine equipment for Brazil

The equipment will be installed on an offshore oilfield in Brazil.

China’s banks net profits to grow 10% in 2013

China’s banks net profits to grow 10% in 2013

Data shows that bank assets are up 16.3 per cent year on year.

China court hears plea against Apple IPR infringement

China court hears plea against Apple IPR infringement

A Chinese company has accused five Apple products that run Siri of IPR infringement.

China remains Zimbabwe’s biggest investor

China remains Zimbabwe’s biggest investor

Last year Zimbabwe Investment Authority approved $929 million of foreign direct investment.

Russia hands over frigate Trikand to India

Russia hands over frigate Trikand to India

India and Russia share a 45-year history of military-technical cooperation in the naval field.

No ceiling on number of new bank licences- FM

No ceiling on number of new bank licences- FM

The finance ministry is keen to have more banks in the country to promote financial inclusion.

Brazil posts $3bn trade deficit, highest in 18 years

Brazil posts $3bn trade deficit, highest in 18 years

The government said the poor results were in part due to financial problems in developed countries.

India’s Hero MotoCorp buys 49% stake in US bike firm

India’s Hero MotoCorp buys 49% stake in US bike firm

The initial amount of $15 million has already been paid to EBR and the rest will be invested within the next nine months.

China June PMI falls to 50.1%

China June PMI falls to 50.1%

An index reading greater than 50 indicates expansion, while a reading below 50 indicates contraction.