Canada's Brookfield Infrastructure Partners on Tuesday said it hopes to use its U.S.$6.6 billion purchase for Australian ports and rail operator Asciano to expand further in the region.
The cash and stock transaction is the Canadian asset manager's largest takeover, adding Asciano's Australian container terminals to Brookfield's hubs in North America and Europe.Full Story
Turkey's embattled lira hit a new historic low in value against the dollar Monday as investors took fright at ongoing political uncertainty and the prospect of early elections.
The lira slid to a new low of 2.862 to the dollar, losing 1.06 percent on the day.Full Story
A Greek minister indicates it is highly likely Prime Minister Alexis Tsipras will call for a vote of confidence in his government after a bailout deal with foreign creditors sparked a rebellion within his governing Syriza party.
Energy and Environment Minister Panos Skourletis told private Skai television Monday that he feels the move is "self-evident" following last week's parliamentary vote on the bailout, which passed thanks to opposition parties' support.Full Story
Indian airline IndiGo has confirmed an order for 250 A320neo planes, Airbus announced Monday, the aviation giant's largest ever contract by number.
The order is worth some $26.5 billion (24 billion euros) at catalogue prices, and brings to 530 the number of A320 and A320neo medium-haul planes owned by the low-cost operator.Full Story
Qatar on Tuesday officially launches one of its most "significant" labor reforms to guarantee migrant workers' wages, but rights groups are concerned over implementation of the new regulations.
The Wage Protection System (WPS) aims to ensure that migrant laborers, many working on 2022 World Cup-related projects, will finally receive their pay on time.Full Story
Brazilian farmer Marcos Croce has woken up and smelled the coffee -- embracing the organic trend and bucking Brazil's long-held status as a mass producer of poor quality beans.
His Hacienda Ambiental Fortaleza plantation, surrounded by tropical plants and trees in Sao Paulo state, goes against everything that has made Brazil the world's biggest, though hardly most appreciated, source of coffee.Full Story
NBA star James Harden will soon be dribbling the ball with Adidas sneakers on his feet as the German sportswear maker hopes to retake U.S. market share from basketball giant Nike and number two Under Armour.
Signing up the Houston Rockets guard in a reported 13-year, $200 million (180 million euro) deal aims to make Adidas trendy in a market where it has been caught flat-footed before.Full Story
Nigerian President Muhammadu Buhari's appointment of a Harvard-educated lawyer to run the state oil company demonstrates his anti-corruption resolve -- but only marks the start of a long reform journey, analysts say.
Industry observers note the formidable challenge he faces in sanitizing a sector that accounts for 70 percent of the country's revenue, but which is notorious for mismanagement and rampant theft.Full Story
Facing a cold shoulder from Europe and increased competition at home, Russia's Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could have no choice but to splinter.
With the Russian economy slipping into recession on the back of lower oil prices and Western sanctions over Ukraine, the economy ministry predicted Gazprom would produce 414 billion cubic meters of gas this year, an all-time low for the public company sitting atop some of the world's largest natural gas reserves.Full Story
American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday.
In its quarterly statement to the US Securities and Exchange Commission, Soros Funds Management said that as of June 30, it had sold all but nearly 60,000 Alibaba shares, valued at $4.88 million.Full Story