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Business 24 Jun 2005 | 12:00 AM

Gazprom chairman promises removal of share restrictions

The chairman of Russia's natural gas giant Gazprom promised Friday that restrictions on foreign stock ownership in the world's biggest gas producer would be lifted by the end of the year.

Business 23 Jun 2005 | 12:00 AM

Japan's key stock index closes higher Thursday

Japan's key stock index closed at a 10-week high Thursday after a government survey showing improvement in corporate sentiment spurred buying of real estate, construction and other issues linked to the domestic economy.

Business 23 Jun 2005 | 12:00 AM

Indonesia reaches revenue deal with Exxon Mobil Corp

U.S. petroleum giant Exxon Mobil Corp. has accepted a revenue-sharing agreement with Indonesia's state-owned oil firm Pertamina over a large untapped oil block, but talks on a final deal are ongoing, the government said Thursday.

Business 23 Jun 2005 | 12:00 AM

Chinese oil company offers US$18.5b for Unocal

State-owned CNOOC Ltd., China's third-biggest oil producer, made a US$18.5 billion (euro15.3 billion) bid Thursday for U.S. oil company Unocal Corp., setting up a possible contest with rival bidder Chevron Corp.

Business 19 Jun 2005 | 12:00 AM

Stocks rise on jump in oil

US stocks ended higher on Friday, helped by a jump in energy and mining companies' shares as oil and metals prices soared to record highs, while an index of consumer confidence rose for the first time this year.

Business 15 Jun 2005 | 12:00 AM

Report: HK securities watchdog investigates PCCW chairman

Hong Kong's securities watchdog is investigating PCCW Ltd.'s chairman after he purchased shares in the fixed-line operator before it announced the takeover of small mobile phone company, Sunday Communications Ltd., a news report said Tuesday.

Business 15 Jun 2005 | 12:00 AM

Japanese stocks close higher Wednesday

Japanese stocks rose Wednesday led by gains in bank and technology issues. The U.S. dollar was down against the Japanese yen, but up against the euro.

Business 12 Jun 2005 | 12:00 AM

Tech stocks fall, GM helps Dow

US technology stocks fell on Friday after the world's largest chipmaker, Intel Corp, raised its second-quarter outlook by less than some investors had hoped, but gains in General Motors Corp pushed the blue-chip Dow slightly higher.

Business 11 Jun 2005 | 12:00 AM

KL market stages strong rebound

STOCKS on Bursa Malaysia staged a strong rebound yesterday, lifted by buying of blue-chip stocks while lower liners continued to attract heavy trading interest. At the close, the Kuala Lumpur Composite Index rose 10.62 points, or 1.2%, higher to 890.02.

Business 10 Jun 2005 | 12:00 AM

Greenspan testimony brightens Wall Street's mood

Stocks rebounded Thursday as bullish congressional testimony from Alan Greenspan and anticipation for a strong midquarter update from Intel Corp. brightened Wall Street's mood and overshadowed a surge in oil prices.