Asian shares jumped on Thursday, buoyed by strong U.S. earnings and increasing global recovery hopes after China's economy grew faster than forecast in the second quarter.
Asian shares jumped on Thursday, buoyed by strong U.S. earnings and global recovery hopes after China's economy grew faster than forecast in the second quarter.
The refining profit in the first half of 2009 has increased to a record level, PetroChina Company, Ltd., the largest integrated oil company in China said on Wednesday, without providing any specific numbers.
Rio Tinto Ltd/Plc has evacuated staff in China involved in research of the iron ore and steel industry in response to the detention of some of its iron ore traders by state authorities, the Australian Financial Review reported on Thursday.
Fed sees more jobs lost this year, higher rates in 2010, Paulson defends tactics, U.S. China partner for clean energy
The deadly July 5 riots in northwest China cost soft drink giant Coca-Cola's new joint venture bottling plant in Xinjiang about 8 million yuan ($1.17 million) in sales over the last week, the plant's general manager on Tuesday.
CNOOC, PTT PCL, ENI, and Osaka Gas are among companies that submitted indicative bids for a 20 to 35 percent stake in InterOil's liquefied natural gas project in Papua New Guinea, sources said.
The U.S. Department of Energy and the FutureGen Alliance moved forward to proceed with site-specific activities for the first commercial scale, fully integrated, carbon capture and sequestration project in the U.S.
China raised the death toll from the bloody riot in Urumqi on July 5 to 192, the official Xinhua news agency reported on Wednesday, citing a local official in Xinjiang.
North Korea's nominal number two leader said on Wednesday dialogue with foreign powers was impossible without respect for the sovereignty of the communist state.
Germany sees Canadian auto parts maker Magna as the front-runner to take over carmaker Opel, but it would reassess its position if another buyer for the General Motors subsidiary emerged, a government spokesman said on Wednesday.
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer and partly owned by the Carlyle Group, is set to relaunch its Hong Kong IPO, according to sources, after its first attempt failed last year when markets plunged.
German truckmaker MAN SE will pay 560 million euros ($786.7 million) to get a 25 percent plus one share stake in Chinese peer Sinotruk, MAN said, booting its presence in Asia's top market.
Crude oil inventories declined by 2.8 million barrels on the week ending July 10. The United States and China agreed to develop a joint Clean Energy Research Center. The world's largest coal producer by market value said its commercial coal production rose to 105.8 million tonnes.
Australian Prime Minister Kevin Rudd warned China on Wednesday it had significant economic interests at stake in detaining an Australian mining executive on spying charges and the world was watching how it handled the case.
Chen Tonghai, a former chairman of China's second-biggest oil refiner Sinopec Corp, was given today a two-year reprive from a death sentence for accepting millions of dollars in bribes, Reuters reported.
China is on course to hit its 8.0 percent growth target this year and become the first major economy to pull decisively out of the global slump, according to a Reuters poll.
President Dmitry Medvedev will defend a Russia-backed deal to buy German car maker Opel and seek more support for the Nord Stream gas pipeline project when he visits Munich on Thursday, a top Kremlin aide said.
China and the United States, the world's two largest emitters of greenhouse gases blamed for global warming, launched a joint research effort Wednesday to produce more fuel-efficient vehicles and buildings.
Prices up more than expected in June, U.S. inventories weekly report, U.S. Officials visit China to highlight clean energy
The U.S. Energy Department will release its weekly petroleum supply report at 10:30 a.m. EST. U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke arrive to China to stay through July 17 to highlight the potential for mutually beneficial relationships in the clean energy sector. The 20th World Oil Forum 2009 ends in London, UK .
China's Ministry of Commerce on Wednesday played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM's Hummer unit.
