Bruce A Bassham

HALFAYA, Iraq--PetroChina Co Ltd. (PTR) and its partners Total SA (TOT) and Petronas Calgari, said Wednesday it has commenced first oil production at Iraq's giant Halfaya oil field in southern Iraq.

General Motors Co.'s (GM) troubled European Opel unit Wednesday replaced both its Chief Financial Officer and the head of its research and development operations, marking the next step in a broad management shake-up to stem hefty losses amid sagging sales.

Credit Suisse moved Wednesday to stanch recent concerns about its financial strength, saying it is raising capital through the sale of shares, more divestments and the launch of another cost savings program.

The central bank of the United Arab Emirates is looking for an international bank to replace Barclays PLC (BCS) on the 12-lender panel that sets benchmark interbank interest rates in the country, but may face difficulties in finding a suitable candidate, according to a person familiar with the

Singapore public transit operator SBS Transit Ltd (S61.SG) placed an order for an additional 450 buses from Daimler AG's (DAI.XE) bus unit, the German car maker said Wednesday.

The former head of foreign-exchange products at the exchanges firm CME Group (CME) in London, Roger Rutherford, has been appointed to the management team at trading system TraFXpure, the firm said in a statement Wednesday.

Trading for pubs and restaurants across the U.K. improved in June, boosted by the Queen's Jubilee bank holiday and the European soccer championships, even as poor weather weighed, a study issued Wednesday showed.

Dr. Reddy's Laboratories Ltd. (500124.BY) Wednesday said it has launched a generic version of Pfizer Inc.'s (PFE) Lipitor cholesterol-lowering drug in the U.S.

Belgium will meet its European Union target of a budget deficit of 2.8% of gross domestic product this year, and balance it by 2015, the country's prime minister said Wednesday, setting out the government's latest budget review and measures to spur economic growth.

The London Stock Exchange Group PLC (LSE.LN) on Wednesday said the trading environment is still weak and that the next few months will likely to be quiet, even after posting a 10% rise in first-quarter revenue from a year earlier.