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Sluggish iPhone 4 supply to continue

Apple's iPhone 4 will continue to be in short supply in the domestic market until the end of this year, because of huge demand for the popular smartphone, China Unicom, Apple's sole partner carrier for iPhone on the Chinese mainland, said Monday. China Unicom, the country's No. 2 ...

China: PetroChina Daqing Petchem to refine 18,000mt of crude daily in Dec, flat on month

PetroChina Daqing Petrochemical is scheduled to process 550,000mt of crude in December, with daily throughput at 18,000mt, flat from the previous month, said a refinery source. The refinery was under oil product inventory pressures due to limited railway transportation capacity ...

China: CNOOC operates not more than 40 petrol stations in Bohai Bay, far below target

CNOOC was now running nearly 40 petrol stations in the Bohai Bay region, much lower than the target of 200-300, according to a company source. "Currently, we operate 9 petrol stations in Beijing, 13 in Shandong and not more than 20 in Hebei but zero in both Liaoning and Tianjin," ...

China: Sinopec Changling Petchem to raise daily crude throughput by 35% to 15,000mt in Dec

Sinopec Changling Petrochemical plans to refine 460,000mt of crude in December, with daily throughput averaging 15,000mt, sharply up about 35% from one month ago, a refinery source said, adding its newly-established 8-mil-mt/yr crude distillate unit functioned well. The refinery ...

Asia: BASF to increase prices for engineering plastics in Asia Pacific

BASF will increase prices of its Polyamide and PBT engineering plastics product lines in Asia Pacific effective from December 1,2010. The prices of BASF's Ultramid Polyamide compounds will increase by US$300 per ton and Ultradur PBT compounds by US$350 per ton. The price ...

China Unicom grows

China Unicom, the country's No. 2 telco, yesterday reported its 3G user base hit 11.65 million by the end of October, a rise of 1.1 million in the month. Its 2G user base reached 152.14 million by the end of last month. Compared with 2G, the high-speed 3G brings telcos higher ...

Shady iPhone 4 sales up

The nation's second-largest wireless operator, China Unicom Sunday vowed to put an end to rogue sales of its bundled iPhone 4 packages by cutting the monthly rebate to users found involved in the practice. The decision comes after the company got wind of shady online deals where ...

Asia:Nigerian militant charged for kidnapping oil workers

The brother of a Nigerian militant in custody of South Africa has been charged with kidnapping nine foreign oil workers this year, authorities said. Appearing in court, Charles Okah and three other men denied kidnapping four Indians, three French citizens and two Russians in the ...

Americas:Oil edges up ahead of Key US reports

Global oil prices advanced above $84 a barrel in Asian trade Monday despites a strong dollar ahead of couple of key reports from the US. Light sweet crude for January delivery was seen trading at $84.25 a barrel at 1.00 p.m Singapore time while Brent crude was at $86.05 a barrel ...

China to probe law violation in QQ-360 spat

Two Chinese Internet giants -- Tencent and Qihoo 360, apologized to Internet users after being ordered to stop their spat and officials vowed to investigate the dispute to determine whether actions by either company had broken the law. Both of the companies posted an apology ...

Asia: PetroChina Liaoyang ends iso-MX imports as new reformer starts up

PetroChina Liaoyang Petrochemical Company will no longer import isomer-grade mixed xylene feedstock for its paraxylene units in 2011 when its new 1.4 million mt/year continuous catalytic reformer starts up at the end of the year, a company source said Tuesday. The CCR, which uses ...

Unicom to sell own smartphone

China Unicom (Hong Kong) Ltd, the nation's only mobile operator offering Apple Inc's iPhone, said it will sell a smartphone developed in-house and called the UPhone by the end of this year. The UPhone will run on a "totally new" operating system that Unicom developed based on ...

NetEase.com reports 3rd quarter 2010 unaudited financial results

NetEase.com, Inc. (Nasdaq: NTES), one of China's leading Internet and online game services providers, today announced its unaudited financial results for the third quarter ended September 30, 2010. William Ding, Chief Executive Officer and Director of NetEase, stated, "As a ...

Americas: US December propylene contracts nominated at up 3-3.50 cents/lb

US December propylene contracts were nominated at up 3 and 3.50 cents/lb ($66-77/mt), sources reported Monday morning. LyondellBasell was seeking a 3-cent increase while ExxonMobil was pushing for a 3.50 cent hike, participants said. LBI's lower nomination will be considered the ...

Google set to go on 'huge' hiring drive

Google Inc will recruit an "impressively huge number" of new employees in China next year to do research, despite the world's biggest online search engine transferring its Chinese mainland search pages to its Hong Kong website in March. The United States-based search giant will ...

Asia: Qatar in talks with Total, Shell for $6 bil Ras Laffan petchem project

Qatar is negotiating with Total and Shell a multi-billion dollar petrochemical project that ExxonMobil has reportedly quit, Qatari oil minister Abdullah al-Attiyah said Tuesday. Neither ExxonMobil nor Qatar Petroleum have confirmed reports that the US major has decided not to ...

Iron ore imports decline

Imported iron ore will account for 60 percent of China's ore consumption this year, down 2.4 percent from 2009, the first drop in recent years, thanks to rising domestic ore production, an industry official said. Domestic ore output increased 24.4 percent year-on-year in the ...

MOC supports Customs on iPad import tax

China's Ministry of Commerce (MOC) referred to the issue of a new tax on iPads brought into the country by individuals, saying on Tuesday that it would support the General Administration of Customs (GAC) as to carry out its legitimate duties, the Beijing News reported Wednesday. ...

Americas: Illinois House panel OKs bill requiring purchase of Tenaska plant output

The Illinois House of Representatives could vote later this week on a bill that would require the state's electricity suppliers to buy all of the output of Tenaska's proposed 602-MW Taylorville coal-gasification plant for 30 years at above-market rates after a House committee ...

IPhone 4 outlets may expand quickly

Apple will reinforce sales of the no-strings-attached iPhone 4 by cooperating with several IT distributors, which some analysts believe may put pressure on China Unicom - Apple's exclusive partner in the country. Three IT distributors - Changhong IT, Beijing Founder Century, ECS ...

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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