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China's thirst for energy fuels westward expansion

March 11 - China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and impoverished western backyard. Lying on some of the world's biggest oil and gas reserves, ...

Honda execs to face workers as strike continues

Senior executives of Honda Motor Co., Japan's No. 2 carmaker, will arrive at a Honda supplier's plant in south China on Sunday to negotiate with workers, sources told Xinhua. [Full coverage about Honda strike] An ongoing strike over pay entered its fourth day on Saturday and ...

Optimum Coal seeks $216 mln in SAfrica listing

JOHANNESBURG, March 11 - South Africa's Optimum Coal Holdings Ltd, a majority black-owned coal mining and exploration company, said on Thursday it will list on the JSE on March 29 seeking to raise 1.6 billion rand ($215.6 million). Optimum Holdings, a producer of thermal coal, ...

China, India join Copenhagen treaty

p> China and India aligned Tuesday with the Copenhagen Accord that combats climate change, joining almost all other major greenhouse gas emitters in endorsing the non-binding pact, Reuters reported. Su Wei, the Chinese climate negotiator, told the Bonn-based UN climate change ...

Honda might again halt production in China

Workers at a south China factory supplying locks and key sets to Honda Motor Co. vehicles continued to strike over pay on Friday, a move that might force Japan's No. 2 carmaker to halt its assembly lines in China for a third time. Workers at Honda Lock (Guangdong) Co., Ltd., ...

Deal being worked out to end Honda supplier strike

Worker representatives and Honda Lock (Guangdong) Co. were working on the details of an agreement, hoping it would end a three-day strike Friday afternoon, local authorities said. It is the third strike to hit a Honda parts supplier in China recently. Representatives of both ...

Key figures from top planner's 2010 annual report to China parliament

p> China's National Development and Reform Commission on Friday submitted a report on the implementation of the country's 2009 national economic and social development plan and on the 2010 draft development plan to the National People's Congress, China's top legislature. ...

Shale gas could supply 100 years of consumption

March 10 - The natural gas shale boom in North America has more than doubled discovered gas resources and can supply more than a century of consumption at current rates, an IHS CERA study released Wednesday said. "As recently at 2007 it was widely thought that natural gas was in ...

FAW-Volkswagen forms new car unit

FAW-Volkswagen Automobile Co. Ltd. plans to invest 8 billion yuan (1.17 billion U.S. dollars) to build a factory in Foshan City, in south China's Guangdong Province, local authorities said Wednesday. FAW-Volkswagen, a Sino-German joint venture, signed a deal with Foshan's Nanhai ...

Workers strike third Honda auto parts plant

More than 100 workers at a Honda-affiliated auto parts plant in south China's Guangdong Province continued a walkout over pay on Wednesday, forcing the company management into negotiations. [Full coverage about Honda strike] The strike, the third in three weeks to hit Honda Motor ...

Australia AGL open to deals with Shell on gas -paper

PERTH, March 11 - Australia's AGL Energy Ltd. (AGK.AX), which shares a major coal seam gas field with Arrow Energy (AOE.AX), is open to deals with Royal Dutch Shell (RDSa.L) if it succeeded in acquiring Arrow, the Australian Financial Review said. Shell and PetroChina 0857.NK on ...

Czech renewable energy exceeds grid safety limit

PRAGUE, March 10 - The installed capacity of wind and solar energy projects approved in the Czech Republic is nearly four times what can be safely fed into the country's electricity grid, energy distributors said on Wednesday. The Association of Czech Regulated Electro-Energy ...

Workers at Honda plant on strike in south China

Workers at Honda's third auto parts plant in south China's Guangdong Province took to the streets Wednesday. A spokesman for Honda Motor (China) Investment Co., Ltd Wednesday confirmed the strike happening the same day at Honda Lock (Guangdong) Co., Ltd. in Zhongshan City, but ...

$1.4b expansion for joint Sinopec-BASF project

p> On the outskirts of Nanjing, capital of Jiangsu province, a joint project between China's largest refiner Sinopec and German chemical company BASF is undergoing a new round of expansion. A total of $1.4 billion has been budgeted for the expansion, making it the leading ...

Chile's new gov't promises change, faces challenges

p> The government of new Chilean President Sebastian Pinera, which took office on Thursday, will have to first focus on the emergency created by the Feb. 27 8.8- magnitude earthquake, before fulfilling Pinera's campaigning promises of boosting efficiency and creating jobs. As if ...

Auto sales climb by slower pace

China's auto sales accelerated by an annual 28 percent in May to notch the slowest pace over the past 13 months, according to China Association of Automobile Manufacturers. Car makers sold a total of 1.43 million vehicles last month, bringing total sales during the first five ...

City governments fined for Yellow River pollution in northwest China

p> The governments of Xi'an and Xianyang, two major cities in northwest China's Shaanxi Province, have been fined a total of 500,000 yuan (73,530 U.S. dollars) for polluting a tributary of the Yellow River, China's second longest waterway, the local environment watchdog said ...

Saving energy called biggest challenge to auto industry

Saving energy and increasing reductions in auto exhaust emissions are the biggest challenges facing today's auto industry, an expert and former senior Chinese government official said Thursday. As the world's largest auto market, China must shoulder more responsibilities in these ...

Oil drops 1 pct, consumer confidence weighs

March 15 - Oil slipped more than 1 percent toward $81 a barrel on Friday, as data showing a drop in U.S. consumer confidence reignited investor concerns about energy demand in the world's largest oil consumer. The front-month U.S. crude fell 87 cents to settle at $81.24, marking ...

Great Wall Motor to expand its overseas market

China's Great Wall Motor Company Limited will expand its overseas markets, especially in Russia, the Middle East and East Asia, its spokesman announced Thursday during the 7th Changchun International Auto Expo being held in northeast China's Jilin Province. Increasing exports to ...

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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