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Middle East:Dynegy vs investors ahead of Chesapeake move

It has been a literal power struggle between Dynegy, Inc. (DNY) -- the third-largest U.S. independent power producer--and its investors. With weak natural gas prices dragging down power prices, Dynegy booked a net loss of $1.25 billion in 2009 and another $70 million loss in the ...

Sinopec output up

China Petroleum and Chemical Corp produced a record 7 million tons or 140,000 barrels per day of crude oil in its northwest oil field last year, 6.1 percent more than in 2009. Natural gas production totaled 1.45 billion cubic meters, up 11.5 percent from 2009, according to a ...

Ameircas:Oil extends gains on rising energy demand

World oil prices extended gains in Asian trade Tuesday as cold weather continued to hit across Europe and the US, boosting energy demand. Light sweet crude for January delivery was seen trading at $89.55 a barrel at 12.30 p.m Singapore time while Brent crude was at $93.01 a ...

Refinery approved

China has given initial environmental clearance to an $8.7 billion joint-venture refinery between PetroChina Co Ltd and Venezuela's state oil company Petroleos de Venezuela SA (PDVSA). The refinery, to be located in Jieyang in the southern province of Guangdong, would have a ...

Asia:India may hike LPG price soon

After fuel price hike, billions of Indian consumers may forced upon to buy cooking gas on an improved rate as high as Rs 100 per cylinder. According to sources, country's oil ministry is planning to raise the LPG prices by between Rs 50 to Rs 100 citing huge hikes, by 66 percent, ...

Youku and Warner pen movie deal

Chinese online video company Youku.com said Thursday it had begun streaming the Hollywood thriller Inception online as part of a deal with Warner Bros. In a country where piracy is rampant, Youku said the deal allows Internet users to legally watch the blockbuster, one of 2010's ...

Methanex proposes lower Jan methanol price on sinking US spot values

HOUSTON-Methanex reduced its January contract methanol nomination by 3 cents/gal on Monday following a big drop in the spot market late last week. Methanex's drop to 135 cents/gal made some decrease in the monthly contract range likely. The move still left Southern Chemical (SCC) ...

Military enterprises to finish restructuring in 3 to 5 years: report

The Chinese government has issued guidelines on the development of military industry companies and various authorities to guide the reforms of these companies and integration of private capital in the industry, according to a Shanghai Securities News report Thursday, citing an ...

Shanghai-Disney deal gets pricey (2)

In 1999, when Asia was struggling through a financial crisis, HK$32 billion were invested to bring Mickey to Hong Kong. The region hoped the project would boost the faltering economy. Since the 2005 opening, the number of visitors to the theme park has totaled 23.9 million, 22.1 ...

Americas: US caustic soda price expected to be bullish in short term

US caustic soda prices were expected to continued to be bullish in the next couple of months due to tight supply amid news of restructuring chlor-alkali industry plans and additional new capacity. Planned and unplanned turnarounds maintained US caustic soda prices near $385/st ...

Chinese companies face long process in overseas acquisitions

From January 2008 to June 2010, Chinese companies injected over 600 billion yuan ($90.60 billion) for about 120 overseas mergers and acquisitions, but not all of the deals were successful, according to the 21st Century Business Herald, which cited reports from Accenture Wednesday...

Europe: NWE benzene prices spike $28/mt on buyer moves for Jan: sources

Northwest European spot benzene prices have spiked by at least $25/mt for January and $28/mt for December as traders look to take advantage of low prices molecules, sources said Monday. After closing at Friday at an assessed price of $1,030.50/mt for December and $1,050.50/mt for ...

Americas: Michigan judge overturns state denial permit for coal-fired plant

The general manager of the Holland, Michigan, Board of Public Works Friday said he expects a permit will be issued for the city's proposed 78-MW coal-fired power plant after a judge on Thursday overturned a state agency's denial of the permit. Loren Howard said he is pleased with ...

Beijing Yanjing pays 150 million yuan to acquire Jinchuan

Beijing Yanjing Beer Group Corporation, China's third-biggest beer brewer by sales, is expanding in its traditional best-selling area of the Inner Mongolia autonomous region, by purchasing a local brand called Jinchuan. Yanjing's Shenzhen-listed subsidiary Beijing Yanjing Brewery ...

Americas: Exporting US LNG would hurt manufacturers: trade group

A proposal to export US natural gas on the global LNG market would hurt domestic customers and jeopardize low prices and energy security, the president of the Industrial Energy Consumers of America said Friday. "It is not enough to know that the US has significant reserves of ...

UCWeb taps emerging economies

Chinese Internet companies should go global by tapping emerging markets in the next three years, according to a top official at mobile Internet firm UCWeb. Yu Yongfu, chief executive officer of UCWeb, the world's biggest mobile device browser provider, said his company achieved ...

EURO GAS: Europe gas prices fall as temperatures rise

Forecasts of milder temperatures for the coming week caused most day-ahead contracts in Continental Europe to trade down by midday Monday, London time, from higher opening prices. However, prices in German markets have still showed gains midday Monday from the the previous Friday...

Chinese tourism to SA rises

Chinese tourists to South Africa between January to October last year reached a total of 55,874, an increase of 65.5 percent in 2009. The growth was boosted by the soccer World Cup, according to South African Tourism. 2011 promotional activities to lure more Chinese tourists to ...

Europe: Coal miner Riversdale seeks trade halt on reports of new Rio bid

Mozambique-focused coal explorer Riversdale Mining asked for trading in its shares to be suspended Tuesday pending the release of a statement about a "possible change of control transaction." The move comes after unsubstantiated news reports in Australia that global miner Rio ...

New standards for rare earth sector

Rules part of efforts to crack down on illegal mining, reduce exports A set of new industry standards aimed at reducing pollution and to regulate practices by rare earth mining companies is set to be revealed this year, after obtaining the appropriate approval from the Ministry ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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