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Iran ready to send natural gas to Switzerland: minister

TEHRAN, April 25 - Iran's Oil Minister Masoud Mirkazemi said it is ready to export one million cubic meters of natural gas a day to Switzerland, the local satellite Press TV reported on Sunday. "We have no problem in exporting natural gas to Switzerland," Iran's Oil Minister ...

Vice premier urges development of auto parts industry

Chinese Vice Premier Zhang Dejiang has urged more efforts to develop China's auto parts industry and new energy vehicles, to increase the international competitiveness of the nation's auto sector. Auto-part producers should step up self-development of core technologies and form ...

Buffett visits China's clean energy automaker

Billionaire investor Warren Buffett will spend much of his three-and-half day visit to China at BYD, the fast growing Chinese electric car producer he has invested in. After arriving in China's boom town of Shenzhen Monday afternoon, Buffett was scheduled to take part in a series ...

Russian gas exports increase 120% in first quarter

MOSCOW, April 23 - Russia's natural gas exports in the first quarter of this year reached 52.1 billion cubic meters, a 120 percent increase year-on-year, the Energy Ministry said Friday. Russia exported 15.15 billion cubic meters of gas in March, a 110 percent growth over last ...

Toyota fined for commercial bribery

Officials from the local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said on Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery. This is the first commercial bribery ...

PSA Peugeot Citroen eyes to raise sales in China

Major French car manufacturer PSA Peugeot Citroen said on Tuesday it targets to cement further cooperation with Chinese firm Dongfeng Motors to raise to 5 percent of its share in the Chinese market. The two companies, which have set a joint venture known as DPCA in 1992 to ...

GM edges 3.6 percent higher on debut in Wall Street

General Motors Co.'s stock Thursday hiked 3.6 percent higher on its debut in Wall Street to settle at 34.19 dollars, sweeping concerns that the shares had been priced too high. The stock opened at 35 dollars on the New York Stock Exchange, six percent higher than from its initial ...

Toyota's China auto finance company fined

Officials from a local administration for industry and commerce in Hangzhou, capital of east China's Zhejiang Province, said Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery. This is the first commercial bribery fine ...

Sinopec to buy LNG from ExxonMobil

May 13 -China's second largest oil company, Sinopec Corp, yesterday signed its first purchase deal for liquefied natural gas (LNG) with US oil major ExxonMobil, in a move to expand its share in the rapidly growing domestic gas market. The two companies entered into a preliminary ...

Volvo CEO upbeat about joint venture with China

Stefan Jacoby, president and chief executive officer of Volvo Cars, said he was positive about the future of a joint venture his company runs in cooperation with China's private automaker Geely. [Full coverage: Geely buys Volvo] "We are looking for joint cooperations with our ...

PLASTEX 2010 begins in Cairo on May 13

May 10-PLASTEX 2010, the 12th international African-Arabian exhibition for plastic industries, is set to commence at the Cairo International Fair Ground in Egypt on May 13. Around 600 exhibitors from 29 countries and more than 25,000 visitors from the MENA region are expected to ...

GM's IPO may help Chrysler's

The success of General Motors Co's IPO, potentially the largest United States offering ever, bodes well for Chrysler's own envisioned share sale, Fiat SpA CEO Sergio Marchionne said on Tuesday. But the Italian executive told Reuters the strong take-up for the initial public ...

China XD Plastics Announces First Quarter 2010 Results

May 12-China XD Plastics Company Ltd. ("China XD Plastics" or the "Company")(Nasdaq: CXDC), a leading Chinese developer, manufacturer, and distributor of modified plastics primarily for use in the automotive applications in China, today announced financial results for the first ...

GM to offer largest ever IPO in U.S. history

General Motors Co. (GM) on Wednesday announced that the price of common share in its initial public offering (IPO) has been set at 33 U.S. dollars, bringing the value of total common shares to 15.77 billion dollars. The company also announced its plan to issue 4.35 billion ...

Germany's plastics sector hopes for 2010 recovery

May 12- German producers of plastics materials suffered a 15% decline by volume in 2009, with total output for the sector falling to 17m tonnes from a 2008 figure of 20m, according to the latest data from industry trade association PlasticsEurope Deutschland. Commenting on the ...

APIC '10: Asia's chemical industry recovery still fraught with risk

SINGAPORE, May 12-The recovery of the chemicals industry in Asia has been nervous and edgy, with many complications in play and the ever-present danger that it could all go drastically wrong, market players said on Wednesday. The 2010 Asia Petrochemical Industry Conference (APIC)...

SAIC agrees to buy GM stake

China's SAIC Motor Corp has agreed to take a stake in General Motors Co if Chinese regulators approve a deal to deepen an existing alliance between the two auto makers, sources familiar with the matter said. The potential investment from SAIC is part of a surge in investor ...

Sinopec's Tianjin petrochemical complex goes into operatton

May 12-A petrochemical complex of Sinopec, China's largest refiner, officially went into operation Tuesday, aiming to tap growing demand for fuel oil and chemicals. The Tianjin-based facility can refine 10 million tons of crude per year and produce one million tons of ethylene ...

SAIC said to seek 1% in GM's IPO

SAIC Motor Corp is reportedly planning to buy a 1 percent stake worth US$500 million in General Motors Co's initial public offering. Buying GM shares will deepen cooperation between the two top auto makers in their respective markets and help SAIC to go global. However, the deal ...

Demand sees Trelleborg double Elastopipe production

May 12- To meet growing demand for its Elastopipe offshore and marine fire safety prevention system, Trelleborg Offshore Norway has invested in increased production capacity. Output has been doubled by building an additional factory and production line inside its existing ...

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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