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Oil firms may find BP asset race tough: Chinese oil companies may find it tough to convert the potential opportunities that may arise when BP Plc decides to divest some of its assets into actual deals, analysts said on Tuesday. Domestic companies will have to evaluate the deals cautiously if they want to benefit from ...

Chemical and petrochemical sector poised for recovery this year: The chemical and petrochemical industry is poised for recovery this year based on better overall performance in the first five months, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. For example, the production index of chemicals and chemical products ...

Chemical, petrochemical industry set to recover: The chemical and petrochemical industry is poised for recovery this year based on better overall performance in the first five months, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday. "For example, the production index of chemicals and chemical ...

Iraq gas field auction may be delayed: Shahristani: Iraqi Oil Minister Hussein al-Shahristani said Sunday that an auction of three gas fields originally scheduled for September 1 was being reviewed and may be delayed because a contract model has not yet been finalized. "The date of the event is currently being reviewed and we will ...

China: China cuts Iranian crude oil imports by 30% in H1 2010: China has cut its imports of Iranian crude oil by 31.23% to 9.02 million mt (66.12 million barrels) in the first half of 2010 compared with 13.12 million mt in the same 2009 period, according to latest China customs data. The drop contrasts with a 30% year on year jump to 117.96 ...

Groups plan to urge EPA to toughen air-quality rules for oil, gas industry: Citizen and environmental groups say they plan to call for tougher air-pollution regulation of the oil and gas industry when the Environmental Protection Agency holds two public meetings on the issue this week. The agency is holding the meetings in Denver and Arlington, Texas, as ...

US lawmakers voice concern over possible hike in ethanol blend: US congressional leaders have asked the Environmental Protection Agency to answer a litany of questions regarding a possible increase in the amount of ethanol used in conventional vehicles. Their bipartisan concerns over a possible ethanol-gasoline blend hike were voiced in a ...

Korea: S Korea companies clinch ME oil, gas projects worth over $3 bil: South Korea's Daewoo Shipbuilding and Marine Engineering said Monday it had won contracts to build oil facilities worth about $2.15 billion. Under a $1.8 billion deal with a South African oil company, Daewoo Shipbuilding will build a floating production, storage and offloading ...

Continental Airlines Fined over Concorde Crash: U.S. carrier Continental Airlines was found "criminally responsible" for the deadly crash of an Air France Concorde plane and fined 200,000 euros (265,182 U.S. dollars) by a French court on Monday. The Concorde, carrying mostly German tourists, caught fire during takeoff from ...

Savings, Alternative Explorations Help Companies Reduce Emissions: In the meeting room of the Zenith Steel Group Corp. based in Changzhou City, east China's Jiangsu Province, a giant timetable is seen hanging on the wall, displaying 12 projects the company must complete before Jan.15 next year in order to help emission reductions. About 40 ...

Australia to Give Consular Help to WikiLeaks Founder: Australia's Attorney-General Robert McClelland on Monday said the country will give consular help to WikiLeaks founder Julian Assange if he is arrested abroad. Global police agency Interpol last week issued an arrest warrant for Assange on a rape charge originating from Sweden, ...

Hermes Moving to Defend against Hostile Acquisition: French luxury family Hermes is examining schemes over the weekend to further protect its capital scattered among family members from external acquisition, after the world's largest luxury goods conglomerate LVMH sneaked 17 percent of its shares. According to a report by local ...

Famed Yogurt Maker Announces Huge Debts: Taizinai, a leading Chinese yogurt manufacturer currently undergoing bankruptcy reorganization, declared Saturday it has enormous debts owed to domestic investors along with unconfirmed debts to foreign investors, including Citibank. The Beijing-based Deheng Law Office, which was ...

Canada, U.S. Companies Merge to Create World's Leading Metallurgical Coal Producer: Western Coal Corp. of Canada announced Friday that it has entered into an arrangement agreement with U.S. leading steelmaking coal producer Walter Energy, which allows the U.S. mining company to merge Western Coal to create one of the largest metallurgical coal producers in the ...

Sinosteel, Rio Tinto Extend Cooperation at Channar Mine: Chinese steel giant Sinosteel Corporation and Australia's Rio Tinto signed an agreement Friday to extend their cooperation at the Channar iron ore project. From 2012 to 2017, the project will produce an additional 50 million tonnes of ore every year while Sinosteel sells the ...

Chinalco, Rio Tinto to Establish JV in China: Aluminum Corp. of China (Chinalco) and Australia's Rio Tinto Friday agreed to establish a joint venture to explore mineral resources in China. Chinalco will have a controlling 51 percent stake in the venture and Rio will hold the rest, said Chinalco president Xiong Weiping. He ...

eBay Buys Local Shopping Engine Milo: E-commerce giant eBay on Thursday announced that it has bought Milo, a local shopping engine that provides consumers with access to real-time local store inventory and pricing. Ebay said it plans to integrate Milo's technology into the eBay. com platform and mobile offerings, ...

J&J recalls millions of antacids: Johnson & Johnson (J&J) said on Thursday that it is pulling millions of bottles of antacids from shelves because they don't list the alcohol content of flavoring agents. The recall involved 12 million bottles of Mylanta and 85,000 bottles of Alternagel, the company said on its ...

U.S. PepsiCo Acquires Russian Milk Producer: U.S. soft drinks company PepsiCo agreed Thursday to buy Russia's largest private producer of packed milk, mineral water and juices, Wimm-Bill-Dann (WBD) for 5.8 billion U.S. dollars. According to one of WBD's co-owners, Daviv Jakobashwili, the deal was signed after only three...

Samsung, LG Approved for $6 Bln China LCD Plants: The world's biggest LCD makers, Samsung and LG Display, now say they have received official approval from Chinese authorities to build 6 billion US dollars worth of flat screen plants in the fast growing TV market. Samsung plans to build an LCD plant in Suzhou, with a $2.3 ...

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China offers inspirations to global dilemmas: BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...

Bill Gates talks nuclear: Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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market

China's farm product pricing plan shifts to market orientation: The Number One Document also proposed a new pricing plan for China's ...

IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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industry

Minivans rev up sales for GM: Sales of General Motors and its Chinese ventures accelerated in ...

Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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sports

Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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