market

NEW YORK - Oil prices fell nearly 4 percent on Tuesday after the U.S. government forecast the world economic slowdown would shrink global oil consumption this year for the first time since the early 1980s. U.S. crude fell $1.71, or 3.91 percent, to $42.00 a barrel at 2:30 p.m. ...
LONDON -- The London stock market closed higher on Thursday after upbeat news from oil firms offset falls in the financial sector, with the FTSE index of leading shares up 21 points, or 0.7 percent, at 4388.7. Tullow Oil, which rose 20 percent, was the top riser after it ...
NEW YORK - Renowned commodities investor Jim Rogers said on Thursday that he bought oil last week as crude prices collapsed to near four-year lows and that the world is running out of known oil reserves. Rogers told the Reuters Investment Outlook Summit in New York that he also ...
China's top offshore oil and gas producer CNOOC Ltd said its long-time chief executive is to be replaced by its president, as it posted its second-best interim profit, fueled by higher crude oil prices and a rise in production. Fu Chengyu would relinquish his chief executive ...
NEW YORK - Oil prices fell nearly 4 percent on Tuesday after the U.S. government forecast the world economic slowdown would shrink global oil consumption this year for the first time since the early 1980s. U.S. crude fell $1.71, or 3.91 percent, to $42.00 a barrel at 2:30 p.m. ...
United Co Rusal, the world's largest aluminum producer, will acquire a 33 percent stake in a trading unit of China North Industries Corp and form a joint venture to expand business in China. In a filing to the Hong Kong stock exchange yesterday, Rusal said it plans to buy the ...
SINGAPORE - Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm & Haas alive after a surprise decision by the Kuwaiti government to scrap a joint venture with Dow, the Financial Times reported on Tuesday. The Kuwaiti decision deprived the U.S. group of about ...
SINGAPORE President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior policymakers warned could be a prolonged period of economic stagnation and deflation. Obama's plan is the latest in a series of measures ...
China Shenhua Energy Co agreed to pay 8.7 billion yuan (US$1.3 billion) to buy assets from its parent company to boost coal reserves, but analysts viewed the purchase as having only limited impact on earnings. The purchase will boost the firm's recoverable coal reserves under ...
NEW YORK - Oil prices slid 12 percent on Wednesday, the largest percentage drop in seven years, after a U.S. government report showed crude inventories rose much more than expected in the world's top energy consumer. Crude oil stocks swelled by 6.7 million barrels, the U.S. ...
Rio Tinto is ready to make a 3.8 billion Australian dollars (3.79 billion U.S. dollars) takeover bid for coal mining firm Riversdale Mining to increase coal production, local media reported on Wednesday. According to The Australian, Rio is understood to have bid about 16 ...
SINGAPORE - Oil dropped to below $41 a barrel on Wednesday, amid fears of a deep recession and weak demand hurting consumption. Asian stock markets opened lower, with Japan's Nikkei .N225 down around 2 percent after global stocks and bond prices fell in the previous session with ...
Yanzhou Coal Mining Co said it plans to buy a 51 percent stake in an Inner Mongolia-based company for 6.649 billion yuan (US$980 million) in order to acquire more reserves of the commodity. Buying the stake in Inner Mongolia Haosheng Coal Mining Ltd will give Yanzhou, China's ...
MANILA, Jan 20 - Phillippine food and beverage group San Miguel Corp (SMCB.PS) said on Tuesday it was interested in buying the government's 620-megawatt diesel power plant in northwestern Bataan province in line with its move into heavy industry. San Miguel told the stock ...
Xinjiang Goldwind, China's leading wind turbine maker listed in Shenzhen stock exchange, restarted the initial public offering in Hong Kong Monday, seeking to raise up to 916 million U.S. dollars, after an aborted plan in June this year. In a statement filed to the Hong Kong ...
The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) declined slightly to 74.86 U.S. dollars per barrel last week, in a continual fluctuation within narrow range, the Vienna-based cartel said Monday. In the five trading days of last week, OPEC oil ...
NEW YORK- Oil prices fell nearly 1 percent to below $35 a barrel on Wednesday as dealers bet that slumping fuel demand in top consumer the United States has forced crude inventories to an 11-year high. U.S. crude for March delivery slipped 31 cents to settle at $34.62 a barrel, ...
NEW YORK - Oil prices jumped 14 percent to top $39 a barrel on Thursday after U.S. government data showed an unexpected fall in crude inventories last week due to lower imports and higher demand. The draw snapped a seven-week streak of crude builds in the world's top consumer, ...
WASHINGTON, March 5 - Falling oil prices could hurt investment in fuel efficient vehicles and capital projects designed to promote energy saving technologies, an automotive research firm warned on Thursday. CSM Worldwide told the Environmental Protection Agency that some ...
MADRID, March 10 - Share trading in Spanish gas company Gas Natural has been suspended, stock market regulator CNMV said in a statement on Tuesday. Gas Natural is holding a board meeting on Tuesday, followed by an extraordinary shareholders' meeting at which it is expected to ...
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
Chinese leader calls for more marine power
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Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
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Court rejects Apple lawsuit over iPad name
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Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...