World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 122 million metric tons (mmt) in April. This is 35.7% higher than April 2009.China's crude steel production for April 2010 was 55.4 mmt, an increase of 27% compared to April 2009. It is the highest amount of crude steel China has ever produced in a single month.
Russia said Tuesday, the possible merger of the Russian energy giant Gazprom and Ukraine's Naftogaz has no bearing on the South Stream project. Russian Energy Minister Sergey Shmatko said, We do not relate these two issues. South Stream is an issue of principle for us, a strategic entry to direct supplies for European buyers.
Ukraine said it will press for changes in the natural gas price formula fixed by Russia's Gazprom and its Naftohaz Ukrainy national oil and gas company. Ukrainian Prime Minister Mykola Azarov said here, We have agreed that we will work on this, since the formula does not satisfy us.
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, the newspaper Sonntag reported on Sunday.
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, a paper reported on Sunday.
Philip Morris International , which sells Marlboro cigarettes and other brands internationally, posted a lower-than-expected quarterly profit, hurt by a tax increases and a weak economy in parts of Europe.
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, triggering a fresh slide of asset prices in Greece and other debt-choked European countries.
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.
Hundreds of computer geeks, most of them students putting themselves through college, crammed into three floors of an office building in an industrial section of Ukraine's capital Kiev, churning out code at a frenzied pace. They were creating some of the world's most pernicious, and profitable, computer viruses.
The man behind Samsung Group's rise to become the world's largest electronics powerhouse returned to head its flagship unit, two years after being indicted over financial misdeeds.
South East Asian (SEA) region comprising two of world's largest rice exporters, Thailand and Vietnam remained as world's top trade destination for the commodity. The food crisis of 2008 has inspired various countries in Asia to vie for status as the world's rice bowl and many hope to be able to dethrone Thailand.
The European Union's top diplomat, Catherine Ashton, has had a tough time since taking on the job four months ago, but will try to turn things around this week as she sets out her foreign policy goals.
The European Commission added to its economic stimulus program with the largest-ever package of grants to energy infrastructure, including support for the Nabucco pipeline project that will help Europe diversify its sources of natural gas. The package of 2.3 billion euros ($3.1 billion) for 43 projects will attract 22 billion euros ($30 billion) of private sector energy investment, largely for pipelines and electricity interconnectors.
The party of President Viktor Yanukovich pushed for a change in the law on Thursday to ease the creation of a new ruling coalition, essential if Ukraine is to dig itself out of economic crisis and avoid elections.
Ukraine's parliament dismissed the government of Prime Minister Yulia Tymoshenko Wednesday, giving her rival, the newly elected President Viktor Yanukovich, the difficult task of stitching together a new ruling coalition.
Ukraine's ruling coalition collapsed on Tuesday as newly elected President Viktor Yanukovich moved to oust Prime Minister Yulia Tymoshenko and consolidate power.
Ukraine's Viktor Yanukovich was sworn in as president on Thursday, pledging to balance his country between Russia and Europe and win back foreign support for the struggling economy.
The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc's oil and gas imports over the next decade, a leaked document from the EU executive shows.
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009.China's crude steel production for January 2010 was 48.7 mmt, an increase of 18.2% on January 2009. Japan produced 8.7 mmt of crude steel in January 2010, up 36.8% compared to the same month last year. South Korea showed an increase of 32.4% from January 2009, producing 4.5 mmt of crude steel in January 2010.
Ukrainian Prime Minister Yulia Tymoshenko sought on Monday to force a quick parliamentary vote she hopes will back her government before President-elect Viktor Yanukovich has time to muster support to bring it down.
Ukrainian Prime Minister Yulia Tymoshenko on Saturday dropped her legal case challenging the election of rival Viktor Yanukovich as president, saying the court could not be trusted to reach a fair verdict.
Ukrainian Prime Minister Yulia Tymoshenko launched a court appeal on Friday aimed at blocking the inauguration of President-elect Viktor Yanukovich and forcing a fresh vote for president.
