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Business

Oil maneuvers by China, India, challenge Washington

Iran, Sudan, Venezuela, Syria - nations shunned by America as nuclear threats, insurgent havens or human rights violators are increasingly being wooed by China and India in a race for oil and influence that is challenging Washington on the energy and security fronts.

Business

US, Asean to ink greater trade, investment access pact

The United States is scheduled to sign an agreement this week with Asean to allow more trade access to Southeast Asia while ensuring that U.S. intellectual property is better guarded in this region, according to a draft text.

Business

China-Guinea deal highlights Africa business ties

BEIJING (AP): A $7 billion mining deal between Guinea's repressive military regime and a little-known Chinese company underscores China's full-throttle rush into Africa and its willingness to deal with brutal and corrupt governments.

Business

Guinea sets deadline for Rio’s ore blocks

CONAKRY: Rio Tinto has until February to formally give up its rights to part of Guinea's giant Simandou iron ore concession or it will risk losing its remaining stakes, the West African state's top mining official said.

Business

Greek government set to win confidence vote

ATHENS (Reuters) - Greece's new government should comfortably survive a vote of confidence Wednesday but Prime Minister Lucas Papademos faces a daunting task repairing the shattered public finances, and cracks are already appearing in his crisis coalition.

Business

Indochina economies on the path to reform and liberalisation

IN many ways, the Indochina region comprising Vietnam, Cambodia, Laos, and Myanmar is akin to an emerging giant.

Business

World Bank says reengaging with Myanmar after 25 years

WASHINGTON (Reuters) - The World Bank said on Thursday it was in the process of returning to Myanmar after 25 years, but the isolated Southeast Asian nation will first have to clear its arrears to global financial institutions before the bank resumes lending.

Business

Sierra Leone diamond firm Koidu may go for listing

SIERRA Leone’s only pit diamond mine has come far from its origins as wartime booty presented to mercenaries by a grateful military junta.

Business

Alcatel looks at Myanmar, sees growth in region

BANGKOK: Telecom equipment maker Alcatel-Lucent is cautiously looking at business opportunities in Myanmar and other countries in South-East Asia and the region will play a bigger role in its future growth, according to its Asia-Pacific business chief.

Business

IMF says Myanmar could become Asia’s next economic engine if it enacts vast reforms

WASHINGTON: Myanmar could become Asias next economic engine if it enacts vast reforms, the International Monetary Fund said, signalling the country could receive an IMF monitoring programme in 2013.