Chinese Firms to Invest £1.3 Billion in Shale Gas Exploration
China has stepped up its efforts to boost shale gas production domestically, allotting more blocks for exploration.
Sweden's Ikea Gets Approval to Open Stores in India
Ikea plans to open 25 stores in India with investment of nearly $2bn over next 15 to 20 years.
Housebuilder Crest Nicholson Plans Stock Market Comeback
Crest Nicholson is planning an IPO in order to take advantage of a "gradual recovery" in the UK housing market.
UK Households More Optimistic on Finances in January
The Markit Household Finance Index for January indicates overall improvement in house finances rather than deterioration.
London House Prices Rise in January as New Sellers Flood Property Market
Property prices are expected to match peak levels of 2007 by 2014, says Rightmove.
High Street Shopper Numbers Decline in December
Shopper numbers decline in shopping centres, out-of-town locations and high streets in December.
Manchester Airports Group to Buy Stansted Airport for £1.5 Bn
With the sale of Stansted Airport, the number of airports own by Heathrow Airport Holdings will reduce to four from seven.
Sony Sells US HQ for $1.1 Billion to Regain Profitability
The skyscraper at 550 Madison Avenue will be sold to a consortium led by New York-based Chetrit Group.
Bovis Homes Sees Full-Year Profit Ahead of Market Projections
Pre-tax profit for the fiscal year was driven by an increase in average sales price, higher investment in consented land and improved operating margins.
UK Rent Arrears Rise in December on Christmas Spending - LSL Property Service
The total amount of late or unpaid rent in England and Wales rises to £326m in December from £241m in November.
China's Economy Rebounds in Fourth Quarter but Slows to 13-Year Low
China's economy recovers from a slowdown in the fourth quarter with a growth rate of 7.9 percent.
Dixons Posts Strong Christmas Sales on Higher Tablet Demand
Dixons projects full-year profit in line with market expectations of £75m to £85m.
eBay Posts 18% Jump in Revenue as Mobile Commerce Boosts Sales
eBay records strong revenue growth in 2012 with its mobile applications contributing a major portion of business.
Australian Unemployment Edges Up in December on Sluggish Domestic Demand
Rising unemployment is seen as a major challenge for Prime Minister Julia Gillard who is seeking re-election in 2013.
European December Car Sales Plunge Most In Two Years
Car registrations in Europe declines due to weak demand in the crisis-hit region.
Wal-Mart to Hire 100,000 Veterans in $50 Billion Boost to US Economy
Wal-Mart proposes new measures to rebuild its image amid criticisms over its low-paying jobs and buying practices.
World Bank Cuts 2013 Global Growth Forecast Citing Weakness in Developed Nations
The World Bank cites slow growth in eurozone, fiscal issues in the US as some of the risk factors for global economy.
RBS 'in Talks' with Yes Bank to Sell Indian Unit
Move by RBS for Yes Bank takeover comes after earlier failed bid to sell to HSBC..
UK House Prices Stable in December And to Rise 2% in 2013
Royal Institution of Chartered Surveyors forecasts pick-up in prices.
HMV in Administration Putting 4,500 Jobs at Risk [VIDEO]
Accountants Deloitte to run music and film retailer's 239 stores in UK and Irish Republic.
Indian Inflation Eases in December Raising Hopes of Rate Cuts
India's inflation rate declined primarily due to slowdown in the prices of manufacturing items.
London Hotels to Suffer Slow Down in 2013 on Lower Demand
PWC says London's global status will help recover its hospitality sector though it is set for a decline in 2013.
Singapore Sets Tough Rules for Foreign Home Buyers
Singapore increases stamp duty of residential purchases by foreigners to 15 percent from previous 10 percent.
Network Rail to Go 'Nuclear Powered' with £3bn EDF Energy Deal
Network Rail has entered into a 10-year deal with the French-owned EDF Energy to provide low-carbon electricity to the railways.
Jessops Shuts All UK Stores with Loss of 1,370 Jobs
Jessops has been hit by falling demand for digital cameras as high-street customers switch to mobile phones.
Honda to Axe 800 UK Jobs on Weak European Demand
Honda is planning 800 job cuts at its Swindon plant, which produces the Civic, Jazz and CR-V models.
India's Industrial Production Contracts in November on Weak Mining and Manufacturing Data
Holidays in connection with the Diwali festival have pulled down India's factory output in November.
China's December Inflation Increases 2.5% on Rising Food Prices
China's coldest winter in 28 years has pushed up food prices, taking inflation rate to seven-month high.
UK Construction Sector Set to Recover in Early 2013
RICS survey indicates optimism in construction sector as workloads picked up in the final quarter of 2012.
Rolls-Royce Reports Record Car Sales in 2012
Rolls-Royce retains its position as market leader in the ultra- luxury segment despite tough macro-economic and industry conditions.
