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Americas: Colombia's Ecopetrol says board OKs $6.738 bil 2011 spending

Ecopetrol's board of directors has approved an investment plan for 2011 of $6.738 billion, the Colombian state-led oil company said Tuesday. A contingent budget of $1.807 billion for projects still in development will be presented to Ecopetrol's board of directors for approval ...

Hutchison boosts stakes

Major global port operator Hutchison Whampoa Ltd boosted its stake in Shenzhen and Hong Kong container ports, the world's third- and fourth-busiest ports, sending its stock 5 percent higher. Hutchison said on Monday it had agreed to buy port and property assets from partner China ...

China appeals for Britain's expansion of high-tech product export

A senior Chinese government official Monday told former British Cabinet member Peter Mandelson that Britain should sell more high-technology goods to China. "China and Britain should continue to deepen cooperation in the economy and trade, investment and finance," Vice Premier ...

China; PetroChina Lanzhou Petchem doubles LPG supply to 400mt/d on malfunction of alkylation unit

PetroChina Lanzhou Petrochemical temporarily hiked its daily LPG supply from 200mt to 400mt after alkylation unit conked out, a refinery source told . The alkylation unit is expected to resume operation in 1-2 days, according to the source. Due to stagnant truck sales, Lanzhou ...

China Mobile's former exec punished for corruption

Former Party chief and deputy general manager of China Mobile Zhang Chunjiang was removed from his official post and dispelled from the Communist Party of China (CPC) for "severe violations of the discipline and the law", the CPC discipline watchdog said Friday.

China; Guangdong minor refineries enjoy much higher refining margins on drops in feedstock costs

Minor refineries in South China's Guangdong Province could saw refining margins climb further as prices of feedstock declined. The margin was Yuan 422/mt on average in theory Wednesday, up Yuan 88/mt from one week ago, versus minus Yuan 353/mt a year earlier. Ex-terminal prices ...

Shanda profit drops to 2-year low

Shanda Interactive Entertainment yesterday said net profit dropped to a two-year low in the second quarter due to a lack of blockbuster titles and a lukewarm game market in the period. Shanda, China's No. 2 online game firm, also announced several other deals, including the US$95 ...

Asia: World oil supply to struggle to meet Asian demand growth: analysts

p>The world's oil suppliers will struggle to meet Asia's growing demand for products in the long term, resulting in sharp upward spikes in prices over the next two decades, industry consultancy FACTS Global Energy said in a brief this week. "In short, the combination of Asia's ...

China; Operation rate of Guangdong minor refineries drops 2 percentages to 13% Thu: on week

Minor refineries in South China's Guangdong Province ran at 13% on average Thursday, down 2 percentage points from one week ago, down 4 percentage points from a year earlier. One of the refineries had to halt production in the past week because of feedstock shortage, according to ...

Vodafone leaves China Mobile

Shares of China Mobile slumped nearly 4 percent Wednesday, the second day after the world's biggest mobile operator Vodafone Group PLC sold its 3.2 percent stake in the company. UK-based Vodafone said late Tuesday it sold its entire interest in China Mobile for an approximate 4.3 ...

Americas:US Official hails first Deepwater Horizon report

U.S. Interior Secretary Ken Salazar says an interim report on the Deepwater Horizon oil spill will "raise the bar" for safety in offshore drilling operations. The report was prepared by the National Academy of Engineering and the National Research Council, a Department of the ...

Google search goes faster with new feature

Google Inc. on Wednesday added a new feature to its search engine which can show results in real time as users type their search queries. Named "Google Instant," the new feature can yield "a smarter and faster search that is interactive, predictive and powerful," Marissa Mayer, ...

Asia: China PO Hits 27-month High as Middle East Cargo Flows Dwindle

Spot propylene oxide (PO) prices in China are trading at 27-month highs and may extend their rally in the coming weeks amid a dearth of supply coming from the Middle East and robust demand from downstream polyether polyols sector, industry sources said on Tuesday. The prices were ...

Taobao in threat to close down

Jack Ma, co-founder of Taobao.com, has told his staff he would rather shut down the trading platform than give in to a group of sellers attacking the platform. Thousands of sellers have joined an online organization calling itself the "Anti-Taobao Alliance" and have been causing ...

International hotels shift to second & third-tier cities

After years of expanding business in China's first-tier cities, more and more international hotels are hopping on the current to the booming second and third-tier markets, reported the Global Business & Finance Tuesday. International brands like Carlson Hotels, Starwood Hotels ...

Asia:Oil advances above $81 as dollar dips

Global oil prices advanced above $81 a barrel mark in Asian trade Thursday as the greenback eased while US crude inventories fell. Light sweet crude for December delivery was seen trading at $81.21 a barrel at 12.00 noon Singapore time while Brent crude was at $ 84.12 a barrel in ...

Asia:QE is bad as it feeds carry trade frenzy

Obviously Chinese concerns over the Fed s QE program are unfounded then according to this logic . Same goes for Brazil and its resentment at the soaring Real as the Dollar drops in value on the world foreign exchange markets. In other words, all the Central Banks of the East and ...

Baidu sings to a new tune as music battle continues

China's largest search engine Baidu Inc launched a voice-based music search service on Monday, part of its efforts to grab more users following rival Google Inc's departure from the mainland. The company said the new feature will enhance its current music search, which is based ...

Europe:Orissa to have advanced plastic processing centre

Orissa will have have the Advanced Plastic Processing Technology Centre (APPTC) at Balasore which will be equipped with the state of the art of plastic processing machinery to cater to the Technology Support Services of not only the existing plastics Industries situated in the ...

Urban planning set to go 3D

A comprehensive three-dimensional (3D) urban geology information system, which will provide geological assistance for urban planning and development, is expected to be established in more than 100 cities in the country. The Ministry of Land and Resources said it has finished ...

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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