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Chevron gets new setback for giant Oz gas project

Sydney / AFP Australia’s largest resources project will stop production for up to 60 days owing to mechanical issues, US energy giant Chevron said on Wednesday, in the latest setback to hit the US$54 billion plant. Chevron’s Gorgon liquefied natural gas (LNG) project off Australia’s northwest coast — one of the world’s biggest — started production in early March and ...

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Samsung regains smartphone share with new phones

MUMBAI / Reuters Samsung Electronics Co Ltd is regaining smartphone share in India with a revamped line-up packed with special features including a safety mode for motorcyclists, as rival Apple Inc readies a renewed push into the world’s fastest-growing market. Long the leader in price-conscious India, the South Korean giant had been losing ground to local rivals such as Micromax ...

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Poland holds rates at record amid deflation

Bloomberg Poland’s central bank left its benchmark interest rate unchanged for a 13th month as its revamped policy council defies expectations for deeper monetary easing in the face of the longest bout of deflation in 60 years. The 10-member panel on Wednesday left the seven-day reference rate at a record-low 1.5 percent, matching the predictions of all 34 economists surveyed ...

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