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Chinese vice premier stresses management, supervision of state-owned assets

Chinese Vice Premier Zhang Dejiang Friday called for improving the management and supervision of China's state-owned assets and promoting the development of state-owned enterprises (SOEs), to preserve and increase the value of state property. Chinese state assets management and ...

Provincial-level SOEs' profit rises 57 pct on-year in first 11 months of 2010

China's provincial-level state-owned and state-controlled enterprises (SOEs) posted a 56.5 percent year on year rise in net profits in the first 11 months of 2010, a senior official said Friday. The enterprises' net profit totaled 271.67 billion yuan (41.16 billion U.S. dollars) ...

Middle East: Kuwait to produce 860,000 b/d from northern oil fields

Kuwait has ramped up oil production from its northern oil fields and expects to be producing 860,000 b/d by the end of the year after completing an early production facility to raise output by 160,000 b/d, official news agency KUNA reported Monday. The report quoted Hessniah ...

Expert: China's rail spending spree has looming risks

China is on an investment spree in terms of railway construction, including high-speed rail and urban rail. It has taken the country a decade to build the kind of railway network that took developed countries a century to achieve. However, there are risks, warned some experts, of ...

China: S. China fuel oil importers still plagued by steeply negative import margins

Fuel oil import margins for South China-based importers were still deep in negative territory, although spot fuel oil prices edged up in the local market, C1's survey found. The margin was minus Yuan 640/mt on average on paper on Dec 17, versus minus Yuan 650/mt two weeks ago, C1 ...

China Mobile Shanghai personal users can now use BlackBerry

Research in Motion and China Mobile Shanghai branch launched a BlackBerry service for individual consumers on Jan. 6, marking the first time the popular pushmail service has been made available for personal users in the city. This year, Canada-based Research in Motion also plans ...

China: Sino-Russia Crude Pipeline filled

The Sino-Russia Crude Pipeline was filled after the second batch of 300,000mt of crude arrived at Daqing terminal in Northeast China on Dec 19, according to news released on the website of China National Petroleum Corporation, the operator of the Chinese branch of the pipeline. ...

Samsung Q4 profit falls short of expectations

Samsung Electronics, the world's largest maker of memory chips, televisions and liquid-crystal- displays, announced Friday weaker than expected fourth-quarter earnings estimates, resulted mainly from plunging prices of its mainstay memory chip and flat panel divisions due to ...

China: SinoBunker starts bonded bunker supply in N. China's Tianjin

China Shipping & Sinopec Supplies Co Ltd (SinoBunker) sold 600mt of bonded 380CST bunker fuel oil in North China's Tianjin port on Dec 18, marking the beginning of its bonded bunker business there, according to a source with SinoBunker Tianjin. SinoBunker has rented 9,000 cu m of ...

Chinese carmaker Great Wall Motor sales up 77 pct in 2010

Chinese private-run automaker Great Wall Motor Co. on Thursday said it posted strong annual sales growth of 77 percent, as it manufactured 397,300 vehicles last year. Its growth pace far exceeded that of the entire industry, it said in a statement. Vehicle sales in the world's ...

Middle East:Dynegy vs investors ahead of Chesapeake move

It has been a literal power struggle between Dynegy, Inc. (DNY) -- the third-largest U.S. independent power producer--and its investors. With weak natural gas prices dragging down power prices, Dynegy booked a net loss of $1.25 billion in 2009 and another $70 million loss in the ...

Property developers still bullish on 2011 sales

Facing low transactions and tightening policies from both central and local governments, China's property developers said they are "cautiously optimistic" about the market in 2011 and set higher sales targets. Adequate liquidity and the steady trend of China's urbanization seem ...

Americas:Chevron sanctions Gulf of Mexico Big Foot project

Chevron and its partners recently announced that it sanctioned the development of its $4 billion Big Foot project in deep waters of the Gulf of Mexico. Sanctioning a new oil field in the Gulf of Mexico is symbolic of a commitment to U.S. energy, a Chevron executive announced. ...

Price gap triggers US spree for Maotai

A buying frenzy for Guizhou Maotai is spreading among overseas Chinese in the United States as the Chinese liquor producer raises the price of its product in the domestic market, China News reports. The price for a 500ml bottle of the world-renowned Chinese liquor in the Chinese ...

China:China hit by power cuts on coal supply disruptions

China remained affected by frequent power cuts as extreme winter conditions in central and north parts of the country disrupted coal supplies. According to State Grid, country's power provider, recent winter storms had pushed demand higher while causing traffic disruptions that ...

Maotai's lower US prices irk some

One of the country's most prestigious products, Maotai, is at the center of a spirited international debate. The award-winning white liquor from Guizhou Province, often enjoyed at special occasions, is apparently sold in stores in other countries for about half of what it cost ...

Europe C2, C3 Jan CP talks underway, sharp rises expected

LONDON-European ethylene (C2) and propylene (C3) January contracts will rise significantly because of high upstream costs and tight supply and demand fundamentals, market sources said on Friday. Producers were targeting three-digit increases for both products. The largest ...

Fushun Mining reduces shale oil price by 2.64% to Yuan 4,796/mt

Fushun Mining awarded Friday its sell tender for 25,000mt of shale oil at about Yuan 4,796/mt, down Yuan 130/mt or 2.64% from the previous one, according to a source with the refinery. The fall was mainly due to slight losses in bunker prices as shipping demand declined at the ...

Chinese-born businessman bids for retired British Navy warship

A Chinese-born British businessman has submitted a bid for a retired British Navy warship and is looking to turn it into a bilingual international school either in Britain or China if successful. Lin Jianbang, a Zhuhai native who set up his real estate and catering business in ...

Aiming high

Broad Group, a Changsha-based air-conditioner maker, plans to invest 40 billion yuan ($6.04 billion) to build four 666-meter high buildings in four major cities, Ding Yuangang, the company's vice president, told sina.com on the sidelines of the 2011 Global Urban Development Forum ...

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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