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Alstom reports strong rail activities

Jul 23 2014 12:30

French engineering group Alstom has reported sales and order figures which fit its strategy of selling energy assets to focus on rail equipment.


Dire economy knocks SABMiller Zim unit

21 minutes ago

Delta Corporation, the Zimbabwe-based unit of SABMiller, has reported a 21% drop in first-quarter lager volumes due to a slowdown in consumer spending.


R100m investment shows confidence in SA not lost

Jul 23 2014 09:08

A Danish investment of R100m shows there are still international investors who have confidence in SA, despite all the strikes.


Daimler profit rises on strong Merc demand

Jul 23 2014 09:30

The German carmaker Daimler has reported Wednesday a rise in second-quarter profit thanks to strong demand for its luxury Mercedes-Benz cars.


Construction boom at Coega

Jul 23 2014 08:14

Seven companies are investing over R3bn at the Coega industrial development zone in the Eastern Cape, says the Coega Development Corporation.


Fracking process marred by 'ineptitude'

Jul 23 2014 07:55

An anti-fracking group has threatened a legal challenge to government's shale gas plans, saying the regulatory process has been marked by "patent ineptitude".


Exxon oil rig enters uncharted waters

Jul 22 2014 08:33

An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, creating a dilemma for Exxon Mobil.


US opens door to E Coast oil and gas drilling

Jul 20 2014 18:15

The United States has opened the way to offshore oil and gas exploration in the Atlantic Ocean, authorising the controversial use of sonic cannons.


Mexico approves key energy reform bill

Jul 20 2014 17:30

Mexico's Senate has given final approval to a bill to regulate the opening of the oil and gas industries to private investment.


Brazil eyeing Japan's help in oil project

Jul 20 2014 11:12

Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, according to media reports.


Fiat Chrysler denies merger talks with VW

Jul 17 2014 19:00

Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker says it had no takeovers on its agenda.



Tullow Oil to pay $407m tax bill - court

Jul 17 2014 11:17

A Ugandan tax appeals court has ordered the Anglo-Irish firm Tullow Oil to pay a $407m tax bill related to the sale of local assets in 2012.


Deal shows Reynolds prefers menthols

Jul 16 2014 08:27

Reynolds American's proposed $25bn acquisition of smaller rival Lorillard shows how the tobacco company is placing its bets on the market for menthols.

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