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Polish, Russian firms sign agreement on gas supplies

WARSAW, Jan. 28 - The Polish oil and gas corporation PGNiG, Russia's gas operator Gazprom Export and EuRoPol Gaz have signed an agreement on extra gas supplies to Poland, PGNiG said here in a press release on Thursday. The agreement, signed in Moscow on Wednesday, prolongs the ...

U.S. natural gas rig count hits 10-1/2 mth high

NEW YORK, Jan 29 - The number of rigs drilling for natural gas in the United States jumped 28 this week to a 10-1/2 month high of 861, according to a report on Friday by oil services firm Baker Hughes in Houston. The latest gas rig count is the highest since March 13, 2009, when ...

Canadian oil-producer profits to outdo gas

CALGARY, Alberta - Canadian energy companies that concentrate on producing oil should report strong quarterly results in the coming weeks, while natural gas producers and refiners will struggle. After a year of reporting weak recessionary profits in comparison with year-before ...

Fire out at Cushing, Okla oil tank-fire dept

TORONTO, Jan 21 - The fire at a oil storage tank in Cushing, Oklahoma, was extinguished by 7:00 a.m. local time, a local fireman said. Cushing is the delivery point for the benchmark West Texas Intermediate crude oil futures contract on the New York Mercantile Exchange. Traders ...

EU, Iraq sign MoU to boost energy cooperation

BRUSSELS, Jan. 18 - The European Union (EU) and Iraq have signed a memorandum of understanding (MoU) on building a strategic energy partnership, the European Commission announced Monday. The document provides a political framework for reinforcing energy relations between Iraq and ...

Honda aims to lift output to meet rising demand

Honda Motor Corp plans to boost production in China by one-third to 830,000 units by the second half of 2012 to meet rising demand in the world's largest auto market. Guangqi Honda Automobile Co, its venture with Guangzhou Automobile Group Co Ltd, will increase the annual output ...

Water project alters flow of life along its route

p> When Wu Huasheng was told that after 2013 he would be unable to continue fishing the Beijing-Hangzhou Grand Canal, something he has done for four decades, he was philosophical. "It is for the greater good. I'm willing to make the sacrifice," he said. The 52-year-old is one of ...

Iraq extends gas MOU with Shell- oil minister

BAGHDAD, March 7 - Iraq has extended a memorandum of understanding (MOU) with Royal Dutch Shell (RDSa.L) on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq's Oil Minister told Reuters on Sunday. "We will resume talks with Shell ...

Dongfeng Motor starts to build engine plant

Dongfeng Motor Co. Ltd on Saturday celebrated the start of construction on an engine plant, which will begin manufacturing self-developed engines for passenger vehicles in the second half of 2011. Li Chunrong, vice general manager of Dongfeng Passenger Vehicle Company, said the ...

Chery exports up 259% in May

China's leading private automaker, Chery Automobile Corporation Ltd. sold 8,053 motor vehicles abroad in May, a growth of 259 percent on the same month of last year, a company official said. From January to May, Chery's exports amounted to 30,100 units, up 171 percent year on ...

Kremlin tough on gas deal ahead of Yanukovich visit

MOSCOW, March 4 - The Kremlin on Thursday said Ukraine should stick to existing gas deals with Russia, drawing a line on a divisive issue expected to be in focus during Viktor Yanukovich's first visit to Moscow as Ukraine's president. While it marks a fresh start in political ...

EU grants 2.3 billion euros to energy projects

BRUSSELS, March 4 - The European Commission granted on Thursday 2.3 billion euros (about 3.15 billion U.S dollars) to 43 energy projects to ensure energy supply in Europe and create more jobs. As the second batch of a 4-billion-euro economic recovery plan, the Commission will ...

2 Honda plants halt production due to supplier strike

Honda Motor Co. halted production Wednesday at two Chinese assembly plants due to an ongoing strike at a parts supplier, a company spokesman said. The two plants in Huangpu District and Zengcheng City, of Guangzhou, capital of Guangdong Province, had to suspend production because ...

BYD sets up venture to give out car loans

Electric car maker BYD Co has formed a 500 million yuan (US$73 million) auto financing venture with France's CGL. Shenzhen-based BYD, which is backed by Warren Buffett, will contribute 400 million yuan to BYD Auto Finance Co while CGL will invest the remainder, according to BYD's ...

Canada cuts energy red tape, helps forestry sector

OTTAWA, March 4 - Canada plans to simplify and speed up a complex regulatory process for energy projects that require approvals from so many different authorities that major investments can take years to get a green light. The federal budget, unveiled on Thursday, promised to ...

Linc says has offer for Australia coal assets

PERTH, March 4 - Australia's Linc Energy (LNC.AX) has received a written offer for three coal assets put up for sale last year, Linc said on Thursday, prompting its shares to jump over 10 percent. Linc, which wants to sell its non-core coal assets to help fund development of a ...

How green is my Apple?

p> Last year Casey Harrell, coordinator of Greenpeace's electronics campaign, paid Apple's Cupertino, Calif., campus a friendly visit. Apple had promised all its products would be free of a toxic chemical known as polyvinyl chloride (PVC). It had done the job, almost. The holdup: ...

Car parts makers eye green aid

Auto parts makers attending Auto Components Shanghai 2010 have called for more government support after subsidies were offered to car manufacturers for rolling out new-energy vehicles. Most parts makers said green cars would generate more demand for related parts. But these firms ...

Climate change hurting Tibet

p> The impact of global warming is affecting the ecological environment of Southwest China's Tibet autonomous region, accelerating glacial shrinkage, reducing snow and increasing land desertification, officials said. "Global climate change has made Tibet's environment much more ...

HK Motors still confident on hybrid cars

Hybrid Kinetic Motors Co (HK Motors) CEO Wang Chuantao recently refuted claims that his company was incapable of manufacturing natural gas hybrid cars and unable to raise enough funds for the project. HK Motors, a US subsidiary of the Hong Kong-listed Hybrid Kinetic Group Ltd, ...

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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