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US coal stores rise 2 pct for week

HOUSTON, April 6 - Coal stockpiles at U.S. power plants rose 2 percent this week but were 2.4 percent smaller than last year at this time, Genscape said Tuesday. U.S. generators -- which rely on coal to fuel about half of U.S. electricity output -- had 59 days worth of coal on ...

SAIC approached GM about IPO stake:

China's top automaker SAIC Motor Corp has reached out to General Motors Co to explore the prospect of taking a stake in the automaker when it goes public this fall, four people with knowledge of the matter said. The contact between SAIC -- which has a 13-year relationship with GM ...

China signals confidence in green vehicles

Starting early to develop China's own energy-efficient and new-energy vehicles a decade ago, China now has an established industry with the research and development of three types of these vehicles and three key technologies at its core. Zhang Laiwu, vice science and technology ...

Geely to build 3 plants to make Volvos

China's Geely and its newly acquired Volvo plan to build three assembly plants in the country to make Volvo cars, in a bid to realize the dream of selling 300,000 vehicles a year, the Wall Street Journal reported Tuesday, citing Li Shufu, chairman of Zhejiang Geely Holding Group ...

New energy car subsidies likely to be expanded

Subsidies for new energy vehicles are likely to be expanded to the manufacturing and usage sectors as the government releases preferential fiscal and taxation policies, said Xu Changming, head of information resource development at the State Information Center during an interview ...

China's auto sales jump 39.02% in January-August

China's domestic manufacturers sales to auto dealers rebounded 6.29 percent month on month to 1.322 million units in August after a monthly decline in July, the China Association of Automobile Manufacturers (CAAM) said here Thursday. The August auto sales at the wholesale level ...

Booming rural market leads to increased minivan sales

A stimulus plan encouraging rural residents to buy cars from the government has led to a surge in minivan sales. From January 2009, the Ministry of Finance has been providing as much as 5 billion yuan ($732 million) to subsidize farmers' automobile purchases. Farmers who buy ...

Recalls drive out Kia top executive

The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the auto maker said Tuesday. Chung Sung-eun, vice chairman and CEO of South Korea's No. 2 auto maker, stepped down last Friday, according to company ...

BASF plans PU systems houses in China and Colombia

April 12-BASF is building two polyurethane systems houses, one in Chongqing, China, and the second in Cartagena, Colombia, to meet growing demand from construction, appliance, transport and footwear applications. The unit in Chongqing will be in the same location as the German ...

Asian capro shoots up as China's nylon textile production peaks

April 21-Asian caprolactam prices may further strengthen through to May after setting a new record high due to strong demand from key downstream market - China s nylon textile industry, market sources said on Wednesday. Peak production season for the industry - which accounts for ...

China's auto market bounces back in August

China's automobile market rebounded in August with "unexpected" sales numbers, ending the continuous decline of the past four months, thanks to manufacturers' promotions and green subsidies spurring the sales of fuel-efficient vehicles, said officials and analysts. Sales of cars, ...

Lack of charging stations bites

Electric vehicles may soon hit China's roads, but automakers are worried that slow development of charging stations will hinder sales of the new energy vehicles. "There is a promising market for wholly-electric cars as they pose no threat to the environment. But now we are really ...

Global PP industry to avoid major shake-up - LyondellBasell exec

April 21-The global polypropylene (PP) industry will avoid a major consolidation in the near future although it is grappling with the rapid capacity additions in recent years amid the global economic downturn, said a senior executive of LyondellBasell on Wednesday. Next year ...

Chinese hunger for car ownership: survey

A nation-wide survey run by China Youth Daily found over half of the respondents plan to buy cars, the newspaper reported Tuesday. The survey polled 1,541 respondents, 40.3 percent of whom were from small and medium sized cities, and 43.3 percent were from provincial or municipal ...

Gas producers agree to index gas prices to oil prices: Russian minister

April 20 -Members of the Gas Exporting Countries Forum (GECF), a gas equivalent of OPEC oil cartel, agreed Monday in Algeria to index gas prices to that of oil, Algeria's official APS news agency reported. "The final statement was unanimously approved. All ministers of the GECF ...

Chery to recall 3,200 vehicles due to flawed design

Chery Automobile Co Ltd, the largest private automaker in China, will recall 3,200 vehicles beginning September 8 due to flawed design that could affect tyre safety, China's quality watchdog announced Tuesday. The recalled vehicles included only its RIICH X1 series autos with 185...

Bangladesh projects big hike in fuel oil import bills

April 19 -Bangladesh's fuel oil import bills in the next fiscal year 2010-11 beginning in July will mark rise by over 36 percent compared to that in the ongoing fiscal year 2009-10 (July 2009-June 2010), a senior official said Monday. The official of the state-run Bangladesh Oil, ...

Kia Motors recalls 18,147 vehicles in China

Kia Motors Co. and its Sino-South Korean joint venture, Dongfeng Yueda Kia Automobile Co., have recalled 18,147 vehicles sold in China on Monday due to faulty wiring in the interior lighting panels that might catch fire, China's quality watchdog announced. The recalled vehicles ...

China vehicles to top 200 million in 2020

China is expected to have 200 million cars on the road by 2020, increasing pressure on energy security and the environment, government officials said yesterday. "In the face of environment and energy problems, stepping up efforts to promote fuel-efficient and green energy autos ...

Plunging US propylene roils downstream, producers squeezed by lag

HOUSTON, April 23 - The accelerating plunge in US spot propylene prices this month is roiling downstream markets, where producers are being squeezed by the lag in their ability to pass on the feedstock's jump in the first quarter, market participants said on Friday. Shane Fleming...

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 ...

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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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