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GM makes $1.3 bn Cadillac bet on China luxury sector
US auto giant General Motors will build a $1.3 billion Cadillac plant in Shanghai after China approved the project, it said Tuesday as it seeks more luxury sales in the world's biggest car market. ... more
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Oil prices rise after Israeli air strikes on Syria
Oil prices climbed Monday after Israeli air strikes in Syria raised fresh concerns about rising tensions in the oil-rich Middle East. ... more
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BP sheds oil field stake in Brazil
BP is selling its substantial stake in one of 14 oil interests in Brazil as part of a global portfolio optimization program, the company said. ... more
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Iraq: Shell's $17 billion gas project 'a milestone'
Iraq has inaugurated a $17 billion natural gas project run by Royal Dutch Shell that the Financial Times hails as a "milestone" in the country's postwar recovery, even as the Oil Ministry is scaling back ambitious oil production targets. ... more
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