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Americas: PBF Energy plan to buy Sunoco refinery for $400 mil gets antitrust OK

PBF Energy's planned purchase of a 170,000-b/d refinery in Toledo, Ohio, from US refiner and marketer Sunoco 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 ...

Europe: Alberta would oppose EU ban on oil sands crude imports: official

Alberta will oppose any move by the European Union to ban imports of crude oil from the western Canadian province because of environmental concerns, a senior government official said Tuesday. "We will make sure oil sands products are not wrongly targeted by them [EU] under the ...

S. China's Guangzhou, Shenzhen yet to fix GB IV gasoline retail prices

Although petrol stations in South China's Guangzhou and Shenzhen cities would formally start to supply GB IV vehicle-use gasoline from Jan 1, 2011, retail prices of the product were yet to be fixed, C1's survey found. Sinopec recently took the lead to apply for raising gasoline ...

China: Sinopec Changling Petchem sets Jan crude throughput target stable at 460,000mt

Sinopec Changling Petrochemical is slated to process 460,000mt of crude in January, flat with the previous month, according to a refinery source. The refinery was now only operating a newly-built 8-mil-mt/yr crude distillate unit while idling a 3.5-mil-mt/yr aged one, the source ...

SIRVA buys NewPort Real Estate

SIRVA Inc., a leading global relocation and moving services provider, announced its acquisition of NewPort Real Estate Limited, a Shanghai, China, supplier of relocation and destination services. "The acquisition of NewPort broadens SIRVA's China capabilities to deliver ...

Asia: Saudi Aramco raises Jan CP for propane while reducing butane

Saudi Aramco released January CP Wednesday, increasing US$30/mt to US$935/mt for propane while down US$25/mt to US$920/mt for butane. The rise in propane CP was basically within expectation because demand picked up amid falling temperatures in north hemisphere, market sources ...

China: Sinopec Maoming Petchem to enhance daily crude throughput by 12% in Jan

Sinopec Maoming Petrochemical plans to refine 1.21-mil mt of crude in January, with daily throughput up 12% from the previous month, a refinery source told C1. The refinery has started construction of a 12-mil-mt/yr crude distillate unit and is expected to bring it on stream in ...

It's the era of network convergence

launched a pilot project in early July to integrate television, Internet and mobile networks in Shanghai and 11 other places in the country. While still in its infancy, with obstacles to overcome, the so-called "three network convergence policy" has spawned new cross-platform ...

Asia: Robust demand from India bolsters up Asian Jan quotations

Stronger demand from Indian buyers, who turned to importing from Northeast Asia in view of limited domestic supply, boosted January offers by Asian suppliers, according to an international trader. Most Indian base oil refineries cut utilizations recently, resulting in base oil ...

Phones leaking personal details

Beware smartphone fans. Each time you turn on your favorite phone applications to play games or deal with business, a "Big Brother" is probably watching, learning about your buying habits or lifestyle so the information can be sold to marketing companies. An investigation by the ...

China: PetroChina hikes Jan naphtha ex-refinery price by Yuan 409/mt

PetroChina set January naphtha ex-refinery price for its subsidiary refineries at Yuan 5,833/mt, sharply up Yuan 409/mt or 7.54% from the previous month, according to a source with the oil oligarch. The major has changed its pricing system for naphtha since Sep 1 of 2005, by ...

Europe:Oil extends gains in Europe

Global oil prices extended gains in Europeans trade Tuesday as the dollar remained weak and also on speculation that cold weather in the US and Europe will boost demand. Light sweet crude for February delivery was seen trading at $91.18 a barrel on the electronic trading on the ...

New deal polishes company's tarnished image

SHANGHAI - Hangxiao Steel Structure Co Ltd received an order worth $69.56 million from Reliance Infrastructure Ltd, a subsidiary of India's Reliance Anil Dhirubhai Ambani Group, on Thursday, marking substantial progress in the Hangzhou-based company's overseas business. In a ...

Portal opens for businesses

Chinese e-commerce giant Alibaba Group's recent move to invite wholesalers to open stores on its online shopping site Taobao.com has triggered alarm among individual Taobao sellers. Industry experts warn that in the future, individual vendors may turn to Alibaba's competitors, ...

China expects refined oil output to hit 310 mln tonnes by 2015

China expects its annual refined oil output to reach 310 million tonnes by 2015, Zhang Guobao, head of the State Energy Administration, said here Thursday. China will add about 100 million tonnes to its oil refining capacity during the 12th Five-Year Program which runs from 2011 ...

VODone buys 70% of 3GUU

VODone Ltd, a Chinese online video portal, announced Thursday that it will buy a majority stake in a domestic mobile game developer, in order to break into the smartphone games market. VODone and its investment subsidiary Action King signed the formal agreement with the major ...

VoIP decision means Skype now illegal

The Chinese regulator has declared Internet phone services other than those provided by China Telecom and China Unicom as illegal, which is expected to make services like Skype unavailable in the country. The decision was criticized as a measure to protect the duopoly of state...

Asia:India may cut coal imports on good monsoon

India's coal imports for power generation may be 24 per cent less than estimated by the country's Planning Commission after plentiful rainfall boosted hydroelectricity generation, reducing coal-based demand. The rainfall this year has been the most in three years. According to ...

NSN deal may squeeze out Chinese

The pending acquisition of Motorola's mobile telecom equipment arm by Nokia Siemens Networks (NSN), which is pending approval by China's Ministry of Commerce, would make it more difficult for domestic rivals Huawei Technologies Co and ZTE Corp to enter the US market, an analyst ...

Asia:Oil dips in Asia, set to climb again

Global oil prices eased in Asian trade Wednesday after an overnight surge on forecast of decline in US stockpiles amid continuing cold snap. Light sweet crude for February delivery was seen trading at $91.35 a barrel at 12.00 noon Singapore time while Brent crude for February ...

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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