May 27, 2009 24/7 Energy News Coverage Energy-Daily Advertising Kit
Hong Kong exports down 18.2 pct
Hong Kong (AFP) May 26, 2009
Hong Kong's exports plunged again last month, dropping 18.2 percent year-on-year for April and nearly 21 percent over the first four months compared with 2008, the government said Tuesday. But a spokesman for the southern Chinese city pointed out that the rate of decline had slowed from March, when exports year-on-year were off 21.1 percent. "It will take several more months of data to ... read more

SANYO Develops Highly Efficient HIT Solar Cells
Tokyo, Japan (SPX) May 27, 2009
SANYO Electric has announced that it has broken its own record for the world's highest energy conversion efficiency in practical size (100 cm2 or more) crystalline silicon-type solar cells, achieving a efficiency of 23.0% (until now 22.3%) at a research level for its proprietary HIT solar photovoltaic cells. ... more
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    Russia, US agree first joint uranium export deals
    Moscow (AFP) May 26, 2009
    Russia said Tuesday it has signed contracts worth one billion dollars to supply uranium for US nuclear reactors, the first such deals between the two countries. Techsnabexport, the export arm of the Russia's Federal Nuclear Energy Agency (Rosatom), signed the contracts in Moscow with three US companies grouped together in the firm Fuelco, Rosatom spokesman Sergei Novikov told AFP. ... more

    IAEA grills candidates for ElBaradei's successor
    Vienna (AFP) May 26, 2009
    The UN atomic watchdog heard the five aspirants for its top job at a special meeting Tuesday, a day after North Korea defied the world by staging a nuclear test explosion. Belgium's Jean-Pol Poncelet, Yukiya Amano of Japan, Ernest Petric of Slovenia, Abdul Samad Minty of South Africa and Luis Echavarri of Spain each gave a short presentation to the International Atomic Energy Agency (IAEA). ... more

    Analysis: Azeri production to increase
    Washington (UPI) May 26, 2009
    The global recession has hammered most energy-exporting nations, with many of them, along with OPEC, cutting production in a frantic bid to shore up prices. Not so Azerbaijan. Last year Azeri oil production totaled 44.5 million tons of crude, while the government's original forecast was for 50 million tons. Speaking at a news conference in Baku on May 22, Industry and Energy Minister ... more

    China's Ji'en says bid for Canada nickel deal gets go ahead
    Shanghai (AFP) May 26, 2009
    China's Ji'en Nickel Industry said Tuesday Chinese regulators had approved a partnership with Canadian mining company Goldbrook Ventures for nickel exploration in Canada. The Chinese miner said it planned to invest 248 million yuan (36 million dollars) in mining projects at Goldbrooks' Raglan property in northern Quebec, according to a statement filed with the Shanghai Stock Exchange. ... more

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    BC Housing Complex Upgrades With Grid Tie Solar Power
    Victoria, Canada (SPX) May 27, 2009
    A social housing development in Surrey, British Columbia is getting a green energy upgrade with the addition of a grid-tie solar power system from Carmanah Technologies. As part of BC Housing's commitment to developing sustainable social housing, Greenbrook will be equipped with a grid-tie solar power system designed to provide 10 percent of the development's annual electricity requirement ... more

    China, Taiwan to start economic pact talks: state media
    Beijing (AFP) May 26, 2009
    Chinese President Hu Jintao said Tuesday talks with Taiwan on an economic pact were likely to start in the second half of the year, state media reported, in yet another sign of warming ties. "Both sides should push forward the preparation work for signing the agreement," said Hu at a meeting here with Wu Poh-hsiung, chairman of Taiwan's ruling party, the Kuomintang (KMT), according to the Xi ... more

    Commentary: Capitalism: Whither or wither?
    Washington (UPI) May 26, 2009
    Confusion reigns on all fronts about the business and financial worlds the business school graduate is about to enter. Democratic capitalism is questioned, redrawn, drawn and quartered in everything from the Financial Times and The Economist to Chicken Little books about the sky falling. Kevin Phillips' "Bad Money" saw the perfect economic storm coming, and he has updated his best-seller with ... more

    Hong Kong unveils 2.2-bln dlr stimulus plan
    Hong Kong (AFP) May 26, 2009
    Hong Kong Tuesday unveiled economic stimulus measures totalling 16.8 billion Hong Kong dollars (2.2 billion US) in a bid to counter the impact of the global financial downturn on the territory. The measures expand upon those announced in February's budget and take Hong Kong's stimulus spending to 87.6 billion dollars, around 5.2 percent of the territory's gross domestic product, said Financi ... more

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  • Libya, Ukraine sign nuclear power deal


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  • Asia, Europe ministers agree on NKorea, Myanmar: draft


  • G8 energy ministers vow backing for UN climate summit
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  • The Limits Of Soft Power Part Five



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