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Venezuela says Orinoco oil upgraders on the mend

CARACAS, Dec 21 - Venezuela Petrocedeno oil upgrader will restart in the next few days and other troubled oil upgraders in the Orinoco extra-heavy crude region will be fixed in the new year, the oil minister said on Monday. "We will start 2010 with all our upgraders in good shape ...

Automakers' May production, sales down on-month

Chinese automakers' production and sales posted year-on-year growth in May but contracted on a month-on-month basis because of a periodic fluctuation, the China Automotive Technology and Research Center (CATRC) said Tuesday. Chinese automakers produced 1.31 million vehicles in ...

U.S. cap and trade looks out of reach in 2010

WASHINGTON, Dec 21 - U.S. lawmakers face an uphill battle enacting a climate bill in 2010 that includes a cap-and-trade market in greenhouse gases, after this month's U.N. meeting in Copenhagen failed to hammer out a global pact on emissions cuts. U.S. climate legislation remains ...

Mixed signals at Honda plant

Honda Motor Corp yesterday said it was preparing to restart production at its spare parts plant in China after it agreed to pay a higher salary to striking workers. However, an employee at the Nanhai Honda Auto Parts Manufacturing Co in Foshan in south China's Guangdong Province ...

Execs enter Honda strike talks

Honda Motor Corp has sent senior officials from Japan to settle the dispute over wage levels at its striking auto parts plant in China, according to a worker from the plant. No agreement was reached yesterday and the two sides remained divided on a pay raise, nearly two weeks ...

SCENARIOS: Oil price impact on Gulf Arab spending plans

DUBAI - The recovery in oil prices will help Gulf Arab oil exporters emerge from the economic downturn, enabling them to keep fiscal stimulus in place for a longer period than administrations in other parts of the world. Saudi Arabia, the world's top oil exporter, and its five ...

TSX pushes higher on upbeat outlook

TORONTO, Dec 21 - Toronto's main stock index rose on Monday as optimism for a global economic recovery next year helped power shares of energy producer Canadian Natural Resources (CNQ.TO) and its peers. Shares of Canadian Natural rose 2.3 percent to C$72.95, while EnCana Corp ...

BYD, Daimler in joint venture deal

Chinese carmaker BYD said Friday it had signed a contract with German auto giant Daimler AG to establish a joint venture in China. The joint venture will focus on developing a new generation of electric cars which will combine Daimler's expertise in car structure and safety and ...

ChemNet grandly launch China Chemical Weekly

Recently China Chemnet grandly launched another platform China Chemical Weekly. This weekly can help everybody enlarge the communication with the industry. The content of the weekly covers mainstream products weekly hot news, market dynamics, representative product weekly price ...

Japan Energy to raise Q1 crude refining by 5 pct

TOKYO, Dec 28 - Japan Energy Corp, the nation's sixth-biggest oil refiner, said on Monday it plans to refine 5 percent more crude oil in January-March from a year earlier due in part to refinery maintenance the previous year. Japan Energy, the refining unit of Nippon Mining ...

New-energy car plan to be tested in 5 cities

The long-awaited stimulus plan for private purchases of new-energy vehicles is slated to come out by the end of May, and the plan will be tested in five cities, rather than nationwide, the Shanghai Securities News reported Friday. The five cities are Beijing, Shanghai, Shenzhen, ...

Daimler, BYD in green car deal

China's BYD Automobile Co yesterday signed an agreement with Daimler AG to form a 600 million yuan (US$88 million) joint venture to develop electric vehicles in China. The research and technology center - Shenzhen BYD Daimler New Technology Co - will roll out its first electric ...

Protests over amnesty delays hit Nigeria oil delta

PORT HARCOURT/YENEGOA, Nigeria, Dec 23 - Security forces have deployed in two cities in Nigeria's oil-producing Niger Delta in the past two days to disperse former militants protesting over the non-payment of amnesty allowances. Activists say the government is not keeping the ...

New car plant to be located in Foshan

FAW Volkswagen has agreed to locate its 8 billion yuan (US$1.17 billion) new plant in Foshan in Guangdong Province as part of the German auto maker's drive to widen its weak footprint in south China, the Economic Observer reported yesterday. According to an industrial outline ...

Russia Gazprom Neft adds 334 mln T of oil reserves

MOSCOW, Dec 24 - Gazprom Neft, the oil arm of Russian gas giant Gazprom (GAZP.MM), has recieved rights to develop two oil fields holding a combined total of 334 million tonnes, Gazprom said on Thursday. Russian gas transport monopoly said the decision was part of consolidating ...

Oil rises above $78, inventories support

NEW YORK - Oil rose nearly 2 percent to top $78 a barrel for the first time in three weeks on Thursday, buoyed by economic optimism that sent Wall Street to a 2009 high. Oil was also supported by data showing lower U.S. crude oil inventories, traders said. U.S. crude oil futures ...

Bunge doubles Brazil sugar bet with $452 mln deal

SAO PAULO, Dec 24 - U.S. agribusiness giant Bunge Ltd (BG.N) will buy Brazilian sugar and ethanol producer Moema for $452 million, its biggest bet yet on the fast-growing cane and ethanol industry in the world's top exporter. The takeover, the second deal of its size in three ...

Oil rises over 3 percent on U.S. crude stock draw

NEW YORK - Oil rose more than 3 percent to above $76 a barrel on Wednesday in the biggest one-day percentage gain in about five weeks after U.S. inventory data showed crude oil inventories in the world's top energy consumer fell more than expected. Commercial crude oil stockpiles ...

NYC urges ban on shale gas drilling in watershed

NEW YORK, Dec 23 - New York City urged the state to ban natural gas drilling in its watershed on Wednesday, becoming the most powerful opponent to date of a process that critics say is poisoning drinking water. Shale gas trapped deep underground is considered one of the most ...

Consumer, energy sectors boost stocks

NEW YORK, Dec 23 - Mid-cap and small-cap stocks rose on Tuesday as stronger sales from Finish Line Inc (FINL.O) pushed consumer stocks higher and a drop in the U.S. dollar boosted energy and materials stocks. Smallcap Finish Line jumped 10 percent to $11 after the retailer ...

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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