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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 ...

Europe:OPEC stand to hurt oil importing countries

Where the whole world is concerned over the rising prices of oil, Kuwait's oil minister quipped that the global economy can withstand an oil price of $100 a barrel. The oil exporting companies hinted that they may decide against increasing output through 2011 as the market was ...

Haier, Powermat partner on wireless technology

Haier, one of the world's foremost producers of household appliances, and Powermat, the leader in wireless power, announced their mutual intent to introduce Powermat wireless capability into white goods and digital products. The deal will further expand the options available to ...

Africa:Libya plans to become major energy player

The Libyan government aims to position the country as an important energy player while exploring renewable energy at home, a panel said. Royal Dutch Shell last week announced it was examining a natural gas discovery in Libya and British supermajor BP is gearing up to explore for ...

Asia:Oil edges above $91 in Asian trade

World oil prices advanced in Asian trade Tuesday as the dollar dropped and also on speculation US stockpiles declined. Light sweet crude for February delivery was seen trading at $91.10 a barrel at 12.00 noon Singapore time while Brent crude was at $94.17 a barrel in London. ...

Personal users get taste of Blackberry

Research in Motion and China Mobile Shanghai branch yesterday launched a BlackBerry service for consumers - the first time the popular mobile e-mail service has been made available for personal users in Shanghai. Canada-based RIM also plans to unveil a new phone that uses China's ...

Europe:Gazprom sees bright future for gas

The Russian gas monopoly Gazprom sees a bright future in gas and is more in to building gas pipelines across the countries. The domestic market is the top priority for Russian gas monopoly Gazprom,though new transit corridors are important projects,a top executive said. Most of ...

OUTLOOK '11: China demand holds key to Asia toluene prospects

SINGAPORE (ICIS)--China's growing toluene demand, mainly fuelled by its booming automotive sector, will likely support prices of the aromatics product in Asia next year, industry sources said. At noon on Tuesday, toluene prices were at $950-960/tonne ( 722-730/tonne) FOB (free on ...

Taobao takes aim at 'Internet Army'

The country's leading e-commerce platform Taobao.com yesterday shut down a total of 200-plus online vendors who were selling microblog "followers," who are hired by individuals to follow them on their microblogs to increase their popularity. It is the first attack on the online ...

Asia: Petrochem Middle East plans IPO in India in 2014

Petrochem Middle East, one of the largest chemicals distribution companies in the Middle East, is considering an Initial Public Offering in India in late 2014, the company's Managing Director Yogesh Mehta told Platts late last week. Mehta declined to give further details on the ...

Malicious softwares profit from attacks

The rise of Android, one of the major operating systems for smart phones, has invited attacks by various malicious applications, giving rise to concerns among Chinese consumers and businesses alike. These malicious applications have infiltrated Android and most often cause mobile ...

Asia: ChemChina to acquire 60% of Israel agro chemical maker Makhteshim Agan

Israel's Koor Industries has reached a strategic cooperation agreement with China National Chemical Corp. or ChemChina for a merger with its subsidiary Makhteshim Agan Industries, Koor's parent company IDB Holding said in a statement on Tuesday. The merger agreement would be ...

Americas: US PET prices to jump in January on higher PX costs

US PET bottle resin prices were expected to increase 3 cents/lb ($66/mt) in January from a rough estimate of $105/mt or more increase in the month's paraxylene contract, industry sources said Tuesday. "We'll be in the high 70s (cents/lb) in January," a PET producer said. The US ...

Ministry tries to clear up VoIP confusion

In a move that has confused China's telecom industry as well as Skype users in the nation, the Ministry of Industry and Information Technology said it has always been supportive of Internet-based telephone services, a remark that contrasts with a Dec 10 notice by the ministry. ...

Americas: ExxonMobil purchase of Petrohawk gas assets wins US antitrust OK

ExxonMobil's purchase of natural gas assets in the Fayetteville Shale from Petrohawk Energy presents no antitrust issues, the US government said Tuesday. In an early termination notice under the Hart-Scott-Rodino Antitrust Improvements Act, the Federal Trade Commission said ...

Guangxi TV International Debuts on KyLinTV

The world-leading Chinese IPTV provider KyLinTV announced today the official launch of Guangxi TV International as part of its expanded Great Wall package in North America. Launched in January, 2010, Guangxi TV International, the leading television network in southern China's ...

Global tablet market to reach US$46 bln by 2014

Total global revenue from tablet devices like Apple's iPad and Samsung's Galaxy Tab will increase from 16 billion dollars in 2010 to a whopping 46 billion dollars in 2014, according to a report released Wednesday by U.S. technology research firm Yankee Group. "The growth in this ...

OPhone loses to Android, and iPhone

The sales of phones with a China-developed system - the OPhone -only accounted for 1 percent of the domestic smartphone market, a Beijing-based information technology consulting firm said yesterday. A lack of an innovative interface and being not open to allow handset makers to ...

Asia: Japan's Nov oil product sales rise 2.8% on year to 3.53 mil b/d

Japan sold 16.813 million kiloliters of oil products in October, or 3.53 million b/d, up 2.8% from a year earlier, preliminary data released Tuesday by the Ministry of Economy, Trade and Industry showed. The rise was led by lower sales of gasoil and kerosene. Sales of all ...

And then there were two

Motorola's business in China was overhauled as the US handset maker Tuesday formally spun off its consumer-targeted business after years of planning. Motorola Inc formally changed its name to Motorola Solutions Inc, starting trading Tuesday on the New York Stock Exchange (NYSE) ...

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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