A climate change deal is needed not just to ward off global warming, but to ensure a shift from increasingly costly fossil fuels that could lead to a doubling of energy bills, the IEA's chief economist said on Tuesday.
China on Tuesday restated its long-standing policy to maintain the basic stability of the yuan at a reasonable and balanced level, after U.S. President Barack Obama said he would discuss the currency when he visits Beijing.
Oil prices fell to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Asian stocks nudged higher on Tuesday on hopes continued stimulus will support economic recovery, while the dollar hovered near a 15-month low on expectations U.S. rates will remain near zero.
Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.
Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.
Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida that cut U.S. oil and gas supplies was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Hu Shuli, the chief editor of Caijing, China's most influential business magazine, has submitted resignation with parent company Stock Exchange Executive Council (SEEC) agreeing to her request.
Poor nations battered by record food prices last year need international help to raise agricultural output given conditions are still ripe for another food crisis, the U.N. Food and Agriculture Organisation's chief said.
Oil rose 3 percent toward $80 a barrel on Monday after Tropical Storm Ida forced the shut in of U.S. oil and gas production, helping to support prices.
The first red-chip and foreign companies could list shares on the Shanghai stock exchange next year, Jing Ulrich, chairman of China equities at J.P. Morgan, said on Monday.
Chindex International Inc, a provider of western healthcare products and services in China, posted a 38 percent drop in quarterly profit, hurt by a review of import approvals by the Chinese government, sending its shares down as much as 28 percent.
Rich countries and developing nations fought over climate change on Saturday, failing to make progress on financing ahead of a major environmental summit in Copenhagen next month.
Angola's oil industry is booming as money pours in after the end of three decades of civil war, and officials say output could increase by as much as two-thirds over the next five years.
President Barack Obama will delay the start of his visit to Asia this week to attend a memorial service for soldiers killed in a mass shooting at a U.S. military base, an administration official said on Sunday.
China on Monday praised a U.S. trade panel's decision to reject an investigation into imports of Chinese steel fasteners, saying it was the correct judgment.
China's passenger cars sales in October surged 75.8 percent from a year earlier, official data showed, extending the explosive growth in recent months as government incentive policies continued to lure customers.
Volkswagen's premium carmaker Audi (NSUG.DE) tweaked its 2009 sales target higher by some 5,000 units to 925,000 vehicles, it said on Monday after revealing volumes edged 0.4 percent up in October.
General Motors Co said on Monday its China vehicle sales in October more than doubled from a year earlier, continuing a string of monthly sales records since the start of the year due to Beijing's stimulus policies.
The global car market has bottomed and is on track for 60 million units sales this year and next, Carlos Ghosn, who heads Japan's Nissan Motor Co and France's Renault SA, said on Sunday.
Myanmar's detained opposition leader, Aung San Suu Kyi, expressed hope on Monday that U.S. engagement with the county's military rulers could spur democratic reforms, her lawyer said.
