| December 27, 2008 |  |
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Analysis: Russian-Ukrainian gas dispute Washington Dec 26, 2008 
The winter brings with it the annual sights and sounds of the holiday season -- Christmas trees, parents searching for the "must have" gift for their children, and Kiev and Moscow squabbling over Ukraine's natural gas arrears to Russia. In one of Europe's most enduring energy sagas, according to Russian natural gas state monopoly Gazprom spokesman Sergei Kupriyanov, Ukraine has announced that it ... read moreChina to offer incentives to scrap old cars: state media 
Beijing (AFP) Dec 27, 2008China plans to offer incentives for car owners to scrap their old models in favour of new ones, in a bid to lift the auto industry as it enters a period of crisis, state media said Saturday. The measure is part of a new package being prepared in Beijing aimed at avoiding a US-style collapse of the local auto sector, the Xinhua news agency reported. "Details of the plan will be announced ... more
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Green energy thwarted by winter
New York (UPI) Dec 26, 2008 Winter's bitter cold can stall wind turbine blades, congeal biodiesel and render solar panels useless, say U.S. power developers. As renewable energy assumes a larger role in the U.S. power grid, green energy advocates find they must plan carefully for obstacles presented by ice and snow, The New York Times reported Friday. Ralph Brokaw, a Wyoming cattle rancher who has 69 wind ... more SKorean bank turns down new loan to Ssangyong Motor 
Seoul (AFP) Dec 26, 2008The Korea Development Bank (KDB) said Friday it would not provide Ssangyong Motor Co. with new loans unless its Chinese parent company helps the ailing automaker first. The state-run KDB, Ssangyong's main creditor, said Shanghai Automotive Industry Corp. should extend 320 billion won (250 million dollars) of emergency funding to Ssangyong before it will consider providing new loans. ... more Toyota recalls 122,000 cars in China over steering defects: govt 
Beijing (AFP) Dec 26, 2008Japanese carmaker Toyota Friday began a recall of nearly 122,000 cars in China due to defects that could lead to steering failure, the Chinese government and the automaker said. The recall covers Crown, Reiz and Lexus models, said a statement posted on the website of the General Administration of Quality Supervision, Inspection and Quarantine. The company would contact car owners to have ... more  |
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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 Analysis: Brazil oil bidding tepid 
Miami (UPI) Dec 24, 2008 Brazil earned nearly $40 million from the first round of bidding for oil and gas exploration rights, with state-run Petrobras picking up 27 lots, a lackluster opening round of bids sum attributed to concerns about the global economic slowdown and falling oil prices. The tenth round of annual bidding for blocs saw bids from only two large oil companies: Brazil's Petrobras and Royal Dutc ... more US sees progress in easing trade disputes with China 
Washington (AFP) Dec 24, 2008The United States said it expected to make significant progress in resolving trade disputes with China in 2009 even as the Asian giant imposed new restrictions on market access and foreign investments. The cautious optimism appeared in US Trade Representative Susan Schwab's 2008 report to Congress Tuesday on China's compliance with commitments it made since it joined the World Trade Organiza ... more |
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