CHINA

China 1Q car sales over 1.37 million

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China's domestic automobile market increased in March as the impact of snowstorm weakened. The domestic car sales in first quarter increased by 22.52 percent as compared with the same period last year, to reach 1.37 million totally.
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UN Renews Iran Nuclear Talks in April

The U.N. Security Council agreed on Monday to meet in later this month to discuss incentives previously offered to Iran on its nuclear program, U.S. officials said.
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China sets new oil gas production target

Commodity Online BEIJING: China on Friday said it aims to find ten new oil fields, and eight to ten new gas fields by 2010 in an effort to reduce dependence on imports.According to a gove...
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NATO Sanctions Bush's Missile Shield, Russia Resists

NATO allies agreed Thursday to give President Bush strong support for a missile-defense system to be installed in Europe in spite of strong Russian resistance, and conceded to provide more troops in Afghanistan.
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Food fuel prices a threat than US turmoil: WB

Commodity Online WASHINGTON: World Bank on Tuesday said, soaring food and fuel prices are the biggest challenge for poor nations (especially in East Asia) than US financial turmoil, which i...
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S&N shareholders support takeover

Brewer Scottish & Newcastle (S&N) has said that its shareholders voted overwhelmingly in favour of a £10 billion takeover big from a consortium of Carlsberg and Heineken. The vote was taken at an extraordinary general meeting on Monday.
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Oil giants eyeing offshore Bangladesh blocks

Commodity Online. DHAKA: Bangladesh s national oil, gas and mineral exploration company, Petrobangla on Sunday announced its decision to offer 28 blocks for offshore exploration rights.
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Gold traders welcome CRBC resolution

Commodity Online BEIJING: China Banking Regulatory Commission's ( CRBC ) decision to allow banks in China to trade gold futures is widely welcomed by gold traders worldwide.
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What's wrong with gold and silver mining stocks

By Adrian AshCentral bankers destroy the value of cash first with sub inflation interest rates, and then with unlimited credit aimed at bailing out bad investments across the banking sector
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CITIC Backs out of Bear Stearns

CITIC Securities Co, one of China's largest brokerages, formally announced on yesterday that it would cancel a proposed $1 billion investment in Bear Stearns Cos after the Wall Street brokerage was bought by JPMorgan Chase & Co.
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China's SSI reached 8-month record low

Affected by investor's worrying about interest rates rising, China's Shanghai Stock Exchange composite Index (SSI) fell 151.15 points,or 3.96 percent,to reach 3668.90 on Tuesday afternoon, which reached the 8-month-lowest record since July 2007. Shenzhen Stock Exchange component index fell 718.76 points,or 5.44 percent to reach 12489.02.
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Two concepts of 'inflation'

By David GallandWhile almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it.
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YouTube Blocked in China

Access to YouTube in China was cut on Sunday after footages of the bloody protests in Tibet appeared on the site.

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