industry

NANNING, June 14 - China's first bioenergy research center was inaugurated Sunday in Nanning, the capital city of southern Guangxi Zhuang Autonomous Region, amid government's plans of new energy development to combat global energy crisis. The research center is set up based on ...
BAKU - Azerbaijan sees its oil output rising by between a fifth and a third by 2015 when it would reach a plateau, the president of Azeri state oil firm Socar, Rovnag Abdullayev, said on Tuesday. "By 2015, 60 million tons a year will be enough. It's not necessary to increase ...
SAO PAULO, July 15 - Brazilian stocks surged on Wednesday as strong economic data and corporate earnings in the United States lifted investor hopes that a global economic recovery was on the way. The Bovespa index .BVSP of the Sao Paulo stock exchange rose 4.96 percent to close ...
NEW YORK, July 15 - Maritimes & Northeast Pipeline said Wednesday it began receipt and redelivery of natural gas from the Canaport liquefied natural gas terminal in Saint John, New Brunswick, to Atlantic Canada and New England. "Since first gas flow from offshore Nova Scotia in ...
BRASILIA, July 15 - The head of Brazil's national tax authority, under pressure over an investigation into oil giant Petrobras (PETR4.SA), will step down on Wednesday, the Finance Ministry said in a statement. Media reported over the weekend that Finance Minister Guido Mantega ...
LONDON, July 14 - Private equity-backed Kosmos Energy said it had secured a $750 million loan facility to fund the development of its large oil discoveries in Ghana, raising doubts about a planned $3 billion sale of the fields. Kosmos said in a statement on Tuesday that the World ...
LONDON/HOUSTON, July 14 - Exxon Mobil Corp (XOM.N) will invest $600 million over the next five to six years on trying to developing biofuel from algae, even though the oil major has said renewables will be only a small part of global energy supply. Exxon, placing its largest ...
LONDON, July 14 - European gasoline prices rose on Tuesday but gains failed to match a bounce in crude futures, keeping cracking margins under pressure. Brokers said demand for oil products remains weak, even if some traders have been looking to come back into the market ...
LONDON, July 14 - Kazakh oil producer Zhaikmunai (ZKMq.L) is poised to close its $300 million share sale at a small discount to current prices, market sources said on Tuesday. The company said on July 1 it would sell new global depository receipts (GDRs) to fund a capital ...
July 13 - Coal producer Alliance Resource Partners LP (ARLP.O) said it was idling a mining unit at its Van Lear mine in Kentucky due to lower demand, affecting 72 employees. Coal production for the remainder of 2009 will be about 150,000 to 200,000 tons lower than previously ...
LONDON, July 13 - British oil and gas explorer Emerald Energy Plc (EMEN.L) said on Monday it received a takeover approach, continuing a wave of consolidation in the sector and lifting its shares to their highest in over a decade. Syria and Colombia-focussed Emerald said talks ...
LONDON, July 20 - European gasoline prices held above $600 a tonne in light trade on Monday, supported by increased arbitrage opportunities to the United States. Prices were broadly in line with Friday just below $610 by the close, having earlier risen as high as $622 a tonne. ...
URUMQI, July 18 - The government of northwest China's Xinjiang Uygur Autonomous Region signed a framework strategic cooperation agreement with the Canada Fei Cui International Industrial Group Ltd. here Saturday. On Friday, the Canadian company had singed an agreement with ...
NEW YORK, July 17 - Oil prices extended its rally to end above 63 U.S. dollars a barrel on Friday as data showed positive signs in most-battered housing and banking sectors. Light, sweet crude for August delivery rose 1.54 dollars, or 2.5 percent, to settle at 63.56 dollars a ...
MUMBAI, July 19 - The Indian government has stepped into the simmering legal dispute between the billionaire Ambani brothers, seeking to challenge the validity of a gas supply agreement they are arguing over in court, newspapers reported on Sunday. The latest tussle between the ...
NEW YORK, July 18 - Oil prices jumped 3 percent on Friday as data showed positive signs in most-battered housing and banking sectors. Light, sweet crude for August delivery rose 1.87 dollars, or 3.0 percent, to 63.89 dollars a barrel on the New York Mercantile Exchange.
NEW YORK, July 16 - Oil prices climbed above 62 U.S. dollars on Thursday as investors found some hope from China's strong economic performance and better U.S. employment data. Earlier in the day, China, the second largest energy consumer, reported a strong economic growth of 7.9 ...
HOUSTON, July 16 - Total Petrochemicals USA was restarting unit 810 at its 232,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Thursday, according to a notice filed with Texas pollution regulators. The restart is expected to last 24 hours, according to the notice filed ...
RIO DE JANEIRO, July 16 - Brazil's state-run oil company Petrobras expects new local private investment funds to provide at least $5.2 billion to capitalize service companies, crucial for a push to develop massive offshore reserves. Brazil is hoping to spur job creation at home ...
CALGARY, Alberta, July 22 - Second-quarter profit at Husky Energy Inc (HSE.TO) tumbled 68 percent as oil and gas prices fell and refining returns shrank with the downturn in the economy, the Canadian energy producer said on Wednesday. Husky, the oil producer and refiner ...
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 ...
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 ...
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 ...
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 ...