ENI sells Mozambique stake to CNPC

Italian oil giant ENI has signed an agreement to sell 28.

Famous Brands enters India with Debonairs Pizza

JSE-listed Famous Brands has announced its expansion into India, with a pilot Debonairs Pizza restaurant set to open in Mumbai in July 2013.

China names new president

Beijing has confirmed Xi Jinping as president, replacing Hu Jintao who is stepping down after 10 years at the top.

Golden Agri's Liberia project gets $500m loan from China

Singapore-listed Golden Agri-Resources Ltd, the world's second-largest palm oil producer, said Wednesday its Liberia business Golden Veroleum has received a $500 million loan from the China Development Bank to develop palm plantations in the African country.

Cathay Pacific profits fall 83%

Hong Kong-based Cathay Pacific has announced profits have fallen 83 percent amid higher fuel costs and a drop in demand for corporate travel.

Japan in energy breakthrough

Resource-starved Japan has extracted methane hydrate - better known as "fire ice" - from its seabed in what has been described as an energy breakthrough.

India's GVK in Australian coal deal

India's GVK has joined forces with Aurizon, Australia's largest rail freight company, to build the infrastructure needed for the development of the Galilee Basin in central Queensland.

India car sales fall 26%

Car sales in India's passenger market fell by nearly 26 percent last month on an annual basis, industry figures show.

Former Sony CEO to retire in June

Howard Stringer, Sony board chairman, who served as president and CEO from 2005 to 2012, is to retire, he announced.

Tokyo stocks back at pre-crisis levels

Tokyo stocks closed 2.

Arsenal to play friendly in Vietnam

Arsenal will become the first Premier League club to play in Vietnam during their pre-season tour to Asia this summer.

North Korea cancels non-aggression pact with South

North Korea is scrapping all non-aggression pacts with South Korea, closing its hotline with Seoul and shutting the shared border point after the United Nations Security Council unanimously backed toughened sanctions against the regime following nuclear tests in the country last month.

F1 2013: Pre-season testing in numbers

The excitement is building as this year's F1 season draws near.

AirAsia airline proposal gets India approval

India on Wednesday approved a proposal by Malaysia's AirAsia to invest 800 million rupees ($14.

Goodman fund acquires stake in Hong Kong port terminal

Sydney-based property fund manager Goodman Group has acquired a 25 percent stake in ATL Logistics Centre Hong Kong (ATL), the world's largest logistics facility.

Hilton Worldwide enters Myanmar

Hilton Worldwide has become the first major international hotel company to announce its entry into Myanmar.

Sharp in Samsung share sale

In a rare move for a Japanese firm, Sharp has announced a Y10.

Li Ka-shing still Asia's richest man

Once again Li Ka-shing is Asia's richest person according to a list of the world's richest people released by Forbes magazine.

Ronaldo strike sends United packing

Former Manchester United hero Cristiano Ronaldo stole the show and crowned his first match back at Old Trafford since leaving for Spain with the decisive goal as Real Madrid beat the English side 2-1 in their Champions League last-16 second-leg clash on Tuesday.