AUSTRALIA

China agency retracts report on suspended ore talks

IBTimes Logo
The semi-official China News Service quickly withdrew a report on Tuesday that said China had suspended iron ore negotiations with Australian miners, offering no further insight on the status of fraught price talks.
More news
IBTimes Logo

Chevron profit falls, 2009 production outlook up

Chevron Corp posted on Friday a 71 percent drop in profit on weaker energy prices and fuel demand due to the economic slump, but it raised estimated 2009 output and said cost cuts were on track.
IBTimes Logo

Hong Kong reports new H3N2 flu variant

Hong Kong has found a new variant of the H3N2 seasonal influenza virus, the spokesman for the Centre for Health Protection (CHP) said on Wednesday, urging high-risk groups to get influenza vaccinations.
IBTimes Logo

Asian shares slide, Shanghai leads

Asian shares tumbled from multi-month peaks on Wednesday, in a sell-off led by the Shanghai market, as investors booked in profits ahead of more company earnings.
IBTimes Logo

Asian shares pause; China's CSCEC jumps

Asian shares hovered near their 10-month peaks on Wednesday as investors wait for more company earnings, but China's CSCEC made a blockbuster listing in Shanghai.
IBTimes Logo

Australia mulling more coal support in carbon plans

Australia's government is considering doubling compensation for coal miners under its carbon trade scheme, media reports said on Tuesday, as a new poll found Australians want carbon laws delayed to next year.
IBTimes Logo

Mitsubishi Motors to post 20 bln yen qtrly loss

Mitsubishi Motors Corp is expected to report a group operating loss of around 20 billion yen for the April-June quarter, marking a second straight quarterly loss, the Nikkei business daily said.
IBTimes Logo

World's top 5 nude events

If biking or swimming in the nude is your thing, apparently you are not alone with Nude Recreation Week this month celebrating its 32nd year -- but participants advise not to forget the sunscreen.
IBTimes Logo

Fewer offshore oil/gas wells seen drilled in 2009

The number of new offshore oil and gas exploration wells will shrink by about 15 percent in 2009, as lower crude prices curb investments and hit smaller oil and gas producers, according to data from Derrick Petroleum Services.
IBTimes Logo

China-Brazil ore trade surges as Australia sales fall

Spot iron ore vessel bookings from Brazil to China jumped to a record in July as Australia suspended spot sales following detentions of Rio Tinto's top sales officials in China and as falling freight costs made longer haul trade attractive.
IBTimes Logo

Asia stocks hit 10-month high on earnings, growth

Asian stocks climbed to a 10-month high on Thursday led by energy shares, though some investors wondered if upward momentum from corporate earnings reports justified increasingly pricey valuations.
IBTimes Logo

Chinese government boosts domestic solar power projects

The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.
IBTimes Logo

WISCO ties up with Australian miner

China's third largest steelmaker WISCO signed an agreement with Australian Centrex Metals Ltd (CXM) on Monday for joint development of iron ore mines in southern Australia and other projects, state news agency Xinhua reported on Tuesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.