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Americas: API ANALYSIS: US crude stocks drop in steep, but seasonal, decline

US crude stocks dropped a steep 7.511 million barrels to 337.057 million barrels with a sharp decline in imports contributing to the inventory draw the week ending December 31, an analysis of the oil data released Tuesday by the American Petroleum Institute showed. At 337.057 ...

Wall Street ends mixed, Dow hits 28-month high

Wall Street closed mixed on Tuesday as worse-than-expected U.S. home prices and consumer confidence limited the gains led by energy stocks, despite the Dow Jones industrial average hitting its 28-month high. On Tuesday, crude oil prices gained as U.S. dollar index dipped and the ...

Oil rises on weaker dollar, blizzard

Crude prices rebounded on Tuesday as the U.S. dollar sank and a blizzard boosted heating oil demand. The U.S. dollar index, which tracks the dollar performance against a basket of currencies, dipped on Tuesday as several U.S. economic data disappointed the market. Hit by a ...

Crude prices surge on U.S. economic data

Crude prices gained for the fifth straight day on Thursday as a series of U.S. data showed a picking-up of economy recovery and positive oil demand prospects. According to Commerce Department reports on Thursday, personal consumption expenditures advanced 0.4 percent in November, ...

Oil rises on U.S. inventories, Q3 GDP

Crude prices on Wednesday rose for the fourth straight day and hit its 26-month high as U.S. weekly crude oil inventories dropped by 5.3 million barrels last week and GDP growth for the third quarter was revised higher to 2. 6 percent. Light, sweet crude for February delivery ...

Oil imports to China set to slow in 2011

China's appetite for oil may ease next year as the government takes steps to tackle inflation and work on expanding refineries slows, Bloomberg news reported Tuesday. China may import 5.1 million barrels a day in 2011, up 6.3 percent from this year, according to the average of ...

China raises gasoline, diesel prices

A man refuels a vehicle at a gas station in Qionghai, south China's Hainan Province, Dec. 21, 2010. China will raise gasoline and diesel prices 310 yuan (about 46 U.S. dollars ) per tonne and 300 yuan per tonne, respectively, beginning Wednesday, the National Development and ...

Oil ends first trading day of 2011 at 27-month high

Crude prices on Monday ended the first trading day of 2011 with a 27-month high on positive economic data and cold weather forecast. Data released on Monday gave more evidences about the improving economy of the biggest oil consumer, boosting the oil demand expectation. According ...

Oil ends 15 pct up in 2010, heading to new highs

Crude prices on Friday rebounded to above 90 U.S. dollars a barrel on optimism about economy recovery next year , hitting the highest annual close level since 2007. According to analysts, gains will extend to 2011, next benchmark of 100 dollars a barrel will be attended soon. ...

Mainland stocks rise for 4th day in a row on policy outlook

SHANGHAI - Mainland stocks rose for a fourth day, posting their longest stretch of gains since February, on speculation slowing economic growth will prompt the government to relax property curbs and allow for more bank lending. Angang Steel Co led advances for steelmakers after ...

China's ship-financing drive hindered by tax rules: BoCom

Chinese lenders' attempts to expand financing for ships are being held back by tax regulations and a lack of expertise, according to Bank of Communications Co. "Banks have a strong interest in ship financing as they have abundant money seeking investment," Cao Xingyuan, the head ...

Mainland stocks at 3-month high

SHANGHAI: Mainland stocks rose to a three-month high as speculation of a stronger yuan and accelerating inflation spurred a rally for gold producers, countering declines by developers. Zhongjin Gold Corp, the country's second-largest bullion producer by market value, jumped 8.1 ...

Sinopec plans $6.3b bond sale to fund expansion

BEIJING - China's largest refiner Sinopec Corp plans to sell 43 billion yuan ($6.3 billion) of bonds to fund project construction and upgrades, in a move to meet rising domestic demand for oil products. The company's shareholders approved the proposal on Tuesday to sell as much ...

Clean energy, consumption give stocks a boost

SHANGHAI - China's stocks rose for a third day as the outlook for increased investment in the clean energy industry and higher domestic consumption overshadowed concern the government won't relax its policy tightening measures. Jiangsu Huasheng Tianlong Photoelectric Co paced ...

Steel makers drag Chinese shares down

BEIJING - Chinese equities fell Wednesday, dragged by shares of steel makers after the government announced to scrap export tax rebates on a range of commodities, including various kinds of steel products.The benchmark Shanghai Composite Index shed 0.73 percent, or 18.83 points, ...

Ministry issues new blacklist of developers over idle land

Beijing - China's land use watchdog released on Thursday a blacklist of 26 cases of land left idle by property developers to curb hoarding and speculation. Eight of the 26 cases were in Hubei province. Beijing and Shanghai had five cases each, while Jiangsu, Fujian and Hunan ...

Imports of zinc likely to decline

Singapore - Zinc imports by China, the world's largest consumer and producer, may drop from a 10-month high in August as higher overseas prices discourage purchases and as government measures to cool the property market curb demand. Imports of refined zinc were 32,972 metric tons ...

Chinese investment in US manufacturing rises

WASHINGTON - On a spotless factory floor, workers wearing hair nets snap together metal frames, cables, and photovoltaic cells to produce metallic-blue solar panels. This sort of work could be done just about anywhere, yet since October, China's Suntech Power Holdings Co has been ...

China's steel output may hit new high in 2010

DALIAN - China's steel output in 2010 might hit a new high of 620 to 630 million tons, a 10 percent increase year-on-year, Minister of Industry and Information Technology Li Yizhong forecast at a forum Monday. China's steel output reached 269 million tons in the first five months ...

Ningbo to beef up logistics sector

NINGBO, Zhejiang - Mainland's second-largest port city of Ningbo plans to increase the competitiveness of its logistics industry by making it a more information-based port. Ningbo plans to build an information platform linking 5,000 logistic companies in the city in the next ...

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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