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Venezuela nationalises largest steel maker
Venezuelan President Hugo Chavez has signed a decree to nationalise the country's largest steel maker Sidor, the culmination of a re-nationalisation process that began last month.
  International
'Africa fastest growing market for telecom'
 
Africa has been the fastest growing market worldwide for communication technology in the past three years and will emerge as an important market for the industry.
Oil eases below US $ 124 a barrel
 
World oil prices today eased further, trading below US $ 124 a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported.
Kingfisher Airlines eyeing Lankan operations
 
India's private air carrier Kingfisher airlines is planning to operate flights to four more destinations including Sri Lanka by the year end.
SriLankan Airlines offers free IPL tickets
 
SriLankan Holidays has unveiled packages that include tickets for the semis, final, return economy class airfare, star class accommodation with breakfast, hotel transfers, a city tour and fuel taxes.
Etisalat has eyes on MTN, too
 
UAE’s Emirates Telecommunications Corp (Etisalat) said it is evaluating a possible bid for South Africa’s MTN, a potential target of India’s top mobile operator, Bharti Airtel.
Chinese manufacturers moving bases
 
Edward Kang spent 15 years building textile maker Ever-Glory International into a symbol of China’s world dominance in cheap clothes, shoes and toys.
What’s prime time in the age of DVRs?
 
Thanks to the likes of TiVo, while overall usage of TV is steady, linear broadcasts favoured by advertisers are declining.
M&C Saatchi sets up digital unit
 
The UK-based global advertising agency has been busy putting together the leadership for this unit over the last few months.
Playboy chief talks of transformation
 
After reporting Q1 losses, CEO Christie Hefner says the company is shifting focus to new initiatives like casinos, men’s perfume and videos on YouTube