• World Biz  |  MARCH 29, 2015 6:15 PM

    Chevron to exit Australian shale gas

    Story by
    www.bloomberg.com

    Chevron Corp. abandoned Australian shale exploration and said it will sell its 50% stake in that nation’s largest oil refiner. Chevron notified Beach Energy Ltd., its partner in the central Australian shale project, that “the opportunity does not align strategically” …

     
  • World Biz  |  MARCH 29, 2015 2:55 PM

    Spotify in talks to add podcasts to challenge Apple ITunes

    Story by
    www.bloomberg.com

    Spotify Ltd. has held talks with potential content partners to add podcasts to its music-streaming service, challenging Apple Inc. in a business it dominates, according to people briefed on the matter. Spotify, which hosts some podcast-like audio such as Spanish …

     
  • World Biz  |  MARCH 29, 2015 12:33 PM

    China should not focus on growth rate only

    Story by
    www.reuters.com

    Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China’s push for a more sustainable, higher-quality expansion. Chinese leaders have announced an economic growth target of around 7% for this year, below the …

     
  • World Biz  |  MARCH 29, 2015 9:48 AM

    Police arrest Grupo Galvão CEO in Petrobras probe

    Story by
    www.reuters.com

    Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Dario Galvão, chief executive of the construction group, and Guilherme Esteves, a lobbyist who is being investigated for funneling …

     
  • World Biz  |  MARCH 28, 2015 10:45 AM

    Carney says BoE rates likely to rise

    Story by
    www.reuters.com

    The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank’s chief economist. “We’re still in …

     
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