Global oil demand will hit a record high this year, the International Energy Agency said on Tuesday, revising up consumption estimates as the world economy recovers from recession.
China's Huawei Technologies has been tapped by money-losing smartphone maker Palm Inc for preliminary acquisition talks, a source familiar with the matter said.
China has abandoned parts of an indigenous innovation push in government buying of high-tech products that has rankled the Obama administration, EU and foreign companies, fearing protectionist barriers.
China will chart its own course in reforming the yuan, President Hu Jintao told President Barack Obama, reinforcing the view that Beijing is likely to tip-toe, not leap, toward appreciation.
Oil fell for a fifth straight session to about $84 on Tuesday, almost erasing April's gains, as a forecast increase in U.S. crude inventories fanned concern about excess supplies and sluggish demand growth.
Google Inc's chief executive Eric Schmidt said the company's disruptive business created enemies for world's No.1 search engine, and he said that governments were keeping a close watch on the firm.
BEIJING, April 13 (Reuters) - Chinese President Hu Jintao told U.S. President Barack Obama that Beijing would firmly stick to its own path for reforming the yuan's exchange rate, focusing on China's economic and social development needs.
China is all set to start building its third West East Pipeline project by the end of this year, according to an official statement. The pipeline is designed to transmit 30 billion cubic meters of gas annually. It will also act as a catalyst for delivering imported natural gas from Central Asia, it said.
The prominent economists who determine the dates when U.S. recessions begin and end have yet to agree on what seems to be a foregone conclusion on Wall Street: the recession is over.
The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
The pace of Chinese bank lending slowed in March, marking an initial victory by Beijing in its campaign to stop the world's third-largest economy from bubbling over.
Chinese carmaker, Geely Automobile Holdings said Volvo, which it is in the process of buying, could break even as early as the fourth quarter, after posting a surprise drop in its own second-half earnings.
Japan's Sharp Corp said it would begin selling 3D-capable LCD TVs in Japan this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next growth driver.
Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said on Monday.
Japan's Sharp Corp said it would begin selling 3D TVs this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next hit product.
The euro posted its sharpest daily gain in two months on Monday and Asian stocks hit 22-month highs after a giant emergency aid plan for Greece boosted demand for riskier assets across the board.
Sales of cellphones using China's own 3G standard (TD-SCDMA) will grow 7-fold this year, boosted by China Mobile's push of new phones and services, research firm Strategy Analytics said on Monday.
Google Inc has not been surprised at the lack of public support in Silicon Valley as it faces off with China over hacking and censorship, the company's chief executive Eric Schmidt said on Sunday.
Scientists in China have demonstrated how arsenic -- a favorite murder weapon in the Middle Ages -- destroys deadly blood cancer by targeting and killing specific proteins that keep the cancer alive.
Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.
Sales of passenger cars grew by almost two-thirds in China last month as buoyant consumer sentiment bolstered spending on big-ticket items in the world's third-largest economy.
China might increase interest rates as early as this month, but Beijing will probably not resume yuan appreciation as soon as that, a senior government economist said on Friday.
