| December 26, 2008 |  |
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Japan to go ahead with maglev train despite crisis: company Tokyo (AFP) Dec 26, 2008 
The chairman of Central Japan Railway Co. said Friday a costly project to build the next generation of maglev train would go ahead, brushing aside concerns about the impact of the global economic crisis.
The rail operator plans to build the world's fastest passenger train, which would be magnetically levitated above its track between Tokyo and Nagoya central Japan, at a cost of 5.1 trillion ... read moreChinese state firms told to ease on job cuts in 2009: report 
Shanghai (AFP) Dec 26, 2008Chinese authorities urged state-run firms to refrain from job cuts in 2009 even though they are likely to face a difficult year due to the global slowdown, state media reported Friday. "State-owned companies must keep stability of staff team and try not to cut jobs," the Xinhua news agency reported, citing Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commiss ... more
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Analysis: Nigeria creates delta ministry
Washington DC (UPI) Dec 24, 2008Nigeria has named a new minister to tackle the problems of militancy and violence in the oil-rich Niger Delta. As the head of the newly created Niger Delta Affairs Ministry, Ufot Ekaette is responsible for promoting development in the impoverished delta and combating the violence that has caused Nigeria's oil production to drop by at least 20 percent in recent years. Ekaette, w ... more China plans to avert US-style auto crisis: report 
Shanghai (AFP) Dec 25, 2008China's top economic planning agency is drafting a stimulus package to save the automotive sector from a US-style crisis, state media reported Thursday. The National Development and Reform Commission is to send rescue plans to the cabinet by the end of the week, and if approved they are expected to be implemented in January, the Shanghai Securities News said, citing sources. Measures wil ... more China starts filling tanks at largest oil reserve: report 
Beijing (AFP) Dec 25, 2008China has started filling tanks at its largest oil reserve, taking advantage of tumbling world crude prices, state media reported Thursday. The facility's 10 tanks, which have a total capacity of 6.3 million barrels, are operated by China National Petroleum Corp., the nation's top oil producer, and are located in the northwest Xinjiang region, the Xinhua news agency said. This is just th ... more  |
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Analysis: Tajikistan expands gas industry
Washington (UPI) Dec 23, 2008 While the former Soviet republics ringing the Caspian -- Azerbaijan, Kazakhstan and Turkmenistan -- have been the object of intense struggle between Moscow and Washington since the collapse of communism in 1991 in their new energy "Great Game," other new former Soviet nations further east because of their geographical isolation have been largely marginalized in the contest. Tajikistan, ... more China protests US import duties at WTO: report 
Beijing (AFP) Dec 24, 2008China has protested at the World Trade Organisation (WTO) over US anti-dumping and countervailing duties imposed on some Chinese-made products, state media reported Wednesday. The China Daily newspaper said the protest was the second by China since its 2001 entry into the WTO and was aimed at thwarting trade protectionism amid the global downturn. Import duties on four product categories ... more Thompson Files: Wisdom on the bailout 
Arlington, Va. Dec 23, 2008 Like Ebenezer Scrooge awakening on Christmas morning to the error of his ways, U.S. President George W. Bush has belatedly discovered the danger of relying too much on market forces. Earlier this month Bush agreed to provide bridge loans to imperiled domestic automakers that collectively account for over a quarter of the world's largest car market -- and a sizable chunk of markets in Europe, Lat ... more Analysis: Iraq signs $80M in export survey 
Baghdad (UPI) Dec 23, 2008 Iraq has signed contracts worth an estimated $80 million to repair fragile oil export infrastructure in the south and ready it for expansion. The Oil Ministry wants to raise oil production from 2.37 million barrels per day to 6 million bpd in 10 years. It's currently exporting 1.76 million bpd, and oil receipts account for nearly all state income. To meet the output goals, Iraq's ... more |
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