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Intel, McAfee deal shows increased security in digital age

Semiconductor chip maker Intel Corp. recently announced that it would acquire security vendor McAfee Inc. in an all-cash offer totaling 7.68 billion U.S. dollars. The move is believed to change the way security is integrated in technology products and IT platforms. If it goes ...

Chinese shipyards weather hard times

China's shipyards delivered less than 80 percent of their existing orders in the withering global shipping market, said a report from the China Association of the National Shipbuilding Industry (CANSI). A total of 70 million deadweight tonnage (DWT) of ships were scheduled for ...

Americas:Energy demand to soar in 25 years

A widely respected energy research agency said Tuesday that global energy demand would grow by a third by 2035. The International Energy Agency said energy demand would surge 36 percent in the next 25 years, pushed largely by growing demand in China, an importer of fossil fuels, ...

Developer: Sales up 70.5 percent

China's top-listed developer, China Vanke Co Ltd, said on Tuesday its sales for 2010 rose 70.5 percent to 108.2 billion yuan, despite a slowdown during the final month of the year. Vanke said that preliminary data showed its property sales for December rose 51 percent from a year ...

HP outbids Dell for 3PAR for third time

Hewlett-Packard Co. (HP) on Friday raised its offer to buy 3PAR Inc. to about 2 billion U.S. dollars, topping rival Dell Inc. for the third time in the bid for the data storage company. HP said it is now willing to acquire all of the outstanding shares of 3PAR at 30 dollars per ...

China:China to steer global energy consumption: IEA

International Energy Agency (IEA) said world s fastest growing economy, China will drive rising energy consumption and carbon dioxide emissions over the next 25 years. According to IEA s chief economist Fatih Birol, the dragon nation will also lead the way in new sources of ...

Laiwu Steel rejects takeover

Shareholders of Laiwu Steel Corp, controlled by China's sixth-largest steel-maker, rejected a takeover offer from sister company Jinan Iron and Steel Co, blocking a second attempt to merge their operations. Laiwu Steel failed to get the two-thirds of the votes needed to pass the ...

Europe:EU wants $1.4 trillion for energy overhaul

Europe's top energy official Wednesday unveiled a strategy to spend about $1.4 trillion over the next decade on a common EU energy network to help blaze a trail into the new energy age. Energy Commissioner Guenther Oettinger said the investment is needed to ensure security of ...

Wind turbine maker plans IPO

Sinovel Wind, China's top wind turbine maker, expects its business to grow at a compound annual rate of more than 30 percent over the next five years, Sinovel management told investors on Tuesday in an online roadshow. It also said it plans to raise as much as 9.5 billion yuan (...

Eedoo to take on big boys in video-gaming market

Chinese PC maker Lenovo will go head-to-head with the big boys in the video game console market, looking to snatch away market share from the likes of Microsoft, Nintendo and Sony. On Aug 9, a team of some 40 Lenovo software engineers was spun off from the Lenovo Group to develop ...

Asia:'Golden Age'coming for Natural Gas sector

The Natural Gas industry has a rosy outlook for future growth as the industry experts see increased demand from the emerging markets. The International Energy Agency (IEA) informed that the natural gas industry could experience a "golden age" due to strongly growing demand in ...

Reverse takeover sets Tang as chairman

Tang Jun, a former Microsoft China and Shanda Entertainment president, has become chairman of a Nasdaq-listed firm through a reverse takeover which was completed Wednesday. Nasdaq-listed China Architectural Engineering Inc yesterday said it has completed a majority stake ...

Third reactor underway

China National Nuclear Corp (CNNC), the country's largest nuclear power developer, has started building a third reactor at its Fuqing nuclear power station in coastal Fujian province. The generating unit is scheduled to be commercially operational in July 2015, CNNC said. The ...

Americas: Williams declares Olefins force majeure out of Geismar, Louisiana: sources

p>US' Williams Olefins has declared force majeure out of its olefins plant at Geismar, Louisiana, several sources told Platts Wednesday. The company took its steam cracker at Geismar down on November 4 for a planned 6-10 day maintenance. But the plant is now expected to be down ...

Confidence in China business

Cathay Pacific Airways Ltd, Hong Kong's biggest carrier, is "reasonably confident" about 2011 as economic growth in China spurs travel and cargo demand. "The emergence of China as a travel market is going to be one of the big stories of the decade," Chief Operating Officer John ...

Asia: Indonesia's Kaltim begins restart process at Bontang methanol plant

p>Indonesia's Kaltim Methanol Industries has begun the restart process at its 600,000 mt/year Bontang methanol plant on Wednesday, a company source said Thursday. "Startup needs three days ... all the teams are watching carefully because this is quite a crucial point, to balance ...

Property tax aims to squeeze real estate bubble

China may impose a property tax soon, to try and curb soaring property prices, China Business News reported on Tuesday. The newspaper cited an unidentified source who provided detailed information of the property tax. "The tax will be from 0.8 percent to 20 percent of the market ...

Europe: NWE naphtha cracks continue to strengthen despite higher crude

p>European naphtha crack spreads continued to strengthen Thursday morning despite rising crude benchmarks, sources said. "[Higher] crude usually puts a bit of a dampener on cracks," a trader said. "As prices rally, it generally starts eating into petrochemical margins and demand ...

Taobao launches online travel platform

Taobao Tuesday confirmed to the Global Times that it is formally launching an online travel platform, challenging online plane ticket sellers like Ctrip. "Our daily ticket sales hit 10,000 in the test run from May to August this year, and could be the biggest online ticket sales ...

Asia: Thai PTT to acquire Straits Resources' coal assets for A$544 mil

p>Thai state-owned energy major PTT on Thursday agreed to acquire Australian-listed Straits Resources or SRL, for A$544.1 million ($545.8 million) after the latter completes a demerger of its metals assets into a new entity MetalsCo. If both the acquisition and demerger are ...

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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