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Brazil's oil giant Petrobras approves purchase of Quattor

RIO DE JANEIRO, Jan. 24 - Brazil's state-owned oil and gas giant Petrobras announced its approval of the purchase of petrochemical company Quattor on Friday. Braskem, controlled by Petrobras and construction giant Odebrecht,actually purchased Quattor for 870 million reais (478 ...

Oil tumbles below 75 dollars on equity losses

NEW YORK, Jan. 24 - Oil prices tumbled to one-month low below 75 U.S. dollars on Friday as the energy market shared a sluggish sentiment with stocks which plunged for a third day. U.S. stocks suffered their worst one-day decline in nearly three months as bank shares tumbled after ...

Eni may raise Uganda oil stakes offer: report

LONDON - Italy's Eni (ENI.MI) may offer the Ugandan government a cash sweetener of up to $300m to win a $1.5 billion bid for stakes in the country's main oil prospects and thwart a rival offer from British explorer Tullow Oil (TLW.L), The Sunday Times newspaper said. The ...

US SMALL/MIDCAPS-Arch Coal hits energy; uranium shares gain

NEW YORK, Jan 29 - Disappointing earnings from Arch Coal Inc dragged midcap energy shares lower on Friday, while uranium stocks were lifted by expectations of higher government loan guarantees for new nuclear reactors. Miner Arch Coal (ACI.N) reported a sharp drop in quarterly ...

China to continue effort in pollution, emmission control: State Council

p> The government and enterprises should continue to step up efforts in pollution and emission control to ensure targets set previously are met, according to a meeting of the State Council. The government should "slack no efforts" to cut pollutants and emissions to meet the ...

Gas Pedal Problem Forces Toyota To Halt Sales

Jan 27,2010 - Toyota Motor Corp. (TM) is halting sales and production of eight models that the automaker recalled last week to fix gas pedals that could get stuck, according to today's Detroit News. The car company asked dealers to stop sales of the vehicles yesterday. The paper ...

China's Yitai Coal plans $1 bln HK IPO -source

HONG KONG, Jan 27 - Chinese coal miner Inner Mongolia Yitai Coal Co (900948.SS) aims to raise about $1 billion from a Hong Kong initial public offering in the second to third quarter of 2010, a source close to the deal said on Wednesday. Yitai Coal, which has B shares listed in ...

Shell's Perdido oil field may start by Feb. -U.S.

HOUSTON, Jan 27 - Royal Dutch Shell Plc's (RDSa.L) Perdido oil and gas project in the Gulf of Mexico will start up soon, perhaps as early as the end of January, the U.S. Minerals Management Service said on Wednesday. The government agency, which oversees oil and gas production in ...

Safeway, Excentus settle over gas rewards program

CHICAGO, Jan 27 - Safeway Inc (SWY.N) and Excentus Corp said on Wednesday that they have settled all outstanding litigation between them and entered into a settlement and licensing agreement. Excentus sued Safeway in June, alleging the grocery chain wrongly used the privately ...

China Coal-Price ascent stalls as shortages ease

SHANGHAI, Jan 26 - Spot thermal coal prices in Qinhuangdao, China's top coal-shipping port, held steady from a week earlier, halting a four-month rise as improving weather conditions eased coal and power shortages. Coal stockpiles in the country's major power plants rose 4 ...

Coal miner Peabody's profit beats views; stock up

NEW YORK, Jan 26 - Peabody Energy Corp (BTU.N), which operates coal mines in the United States and Australia, reported a higher-than-expected quarterly profit on Tuesday and said it was expanding its exports into lucrative Asian markets. The company benefited from strong revenue, ...

Russia's Lukoil to invest 30 bln dollars in Iraqi oil field

MOSCOW, Feb. 1 - Russian state energy monopoly Lukoil will invest 30 billion U.S. dollars with its foreign partners in the development of the West Qurna-2 oil field in Iraq, said the company's CEO Monday. First phase of investment to the oil field, whose annual output is ...

National Instruments Q4 profit in line, outlook strong

Jan 26 - National Instruments (NATI.O), a supplier of measurement and automation products, posted fourth-quarter profit in line with market and forecast a strong first quarter as demand improved across all its segments. For the fourth quarter, net income was $2.4 million, or 3 ...

Australia Karoon Gas requests trading halt

PERTH, Feb 2 - Australian oil and gas explorer Karoon Gas Ltd (KAR.AX) requested a trading halt of its shares on Tuesday pending an announcement on drilling results on its Browse acreage of west Australia, the company said. Shares in Karoon, a partner with U.S. major ConocoPhilli...

Dana Gas posts Q4 loss amid write-offs

DUBAI - Dana Gas DANA.AD posted a fourth quarter loss of 193 million dirhams ($52.54 million), its second consecutive loss, after 2009 accounting write-offs and the impairment of some oil and gas assets The Abu Dhabi-listed firm however said it would pursue targeted acquisitions. ...

Global business eager to work with China on clean coal: experts

TIANJIN, China - Clean-coal projects between China and the rest of the world show that the political squabbles on a global warming pact lag reality on the ground, according to experts at an industry conference in China. Fears that "climate protectionism" by developed countries to ...

Russia Mechel Q4 coking coal output up 37 pct y/y

MOSCOW, Feb 1 - Russian steel and coking coal producer Mechel (MTL.N) on Monday said the fourth quarter coking coal output reached 3.8 million tonnes, up 37 percent from the year-earlier period. The company also said that 2010 coal output will surpass last year's level thanks to ...

China extends anti-dumping measures on phenol

p> 2 1 The Chinese mainland announced Sunday it would extend anti-dumping measures by five years on imports of phenol from Japan, the Republic of Korea, the United States and Taiwan. The Ministry of Commerce (MOC) said in a statement posted on its website that it decided to ...

China's Bluestar New Chemical Materials forecasts loss in 2009

p> 2 1 Bluestar New Chemical Materials Co., Ltd, one of China's biggest producers of silicon and special epoxy resin, Wednesday forecast losses of about 170 million yuan (24.9 million U.S. dollars) in 2009 as a result of shrinking demand. In a statement filed to the Shanghai ...

Potash Corp disappoints and its shares pay for it

TORONTO, Jan 28 - Potash Corp of Saskatchewan (POT.TO) reported a 70 percent drop in quarterly earnings and issued a profit outlook well below expectations on Thursday, sending the fertilizer maker's shares down more than 6 percent. However, the world's largest fertilizer ...

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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