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Iraq says more 'superfields' up for grabsBaghdad (UPI) Dec 31, 2009 The preliminary deals signed by Angola's state oil company, Sonangol, Wednesday to develop two small fields in the most dangerous part of Iraq constituted a major breakthrough for Baghdad's high-risk drive to attract international oil companies to help it restore its flagging fortunes and transform the global energy market. Over the next 20 years Sonangol will develop the Qayara and Najmah fields, which between them contain an estimated 1.66 billion barrels of oil, in Nineveh province, where al-Qaida and other Sunni insurgents operate. ... read more |
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Hong Kong (AFP) Dec 31, 2009UC Rusal, the world's largest aluminium producer, confirmed Thursday that it plans to raise as much 2.6 billion US dollars in its Hong Kong initial public offering next month. The Russian metals giant plans to sell 1.6 billion shares at a price between 9.10 Hong Kong dollars (1.20 US dollars) and 12.50 dollars, it said in a statement to the city's stock exchange. The shares will be price ... more  
Shanghai (AFP) Dec 30, 2009China's state-owned Shenzhen Nanshan Power has said it will not pay 80 million dollars to a Goldman Sachs unit for alleged defaults on oil-hedging contracts. The thermal power generator and Goldman are battling over the reason why the contracts were terminated, and Nanshan said in a statement to the Shenzhen bourse that the party responsible for the losses had yet to be determined. Nansh ... more
Washington (AFP) Dec 30, 2009The United States has ratcheted up trade tensions with China following a "final" decision Wednesday to slap punitive duties on imported Chinese steel pipes targeted for unfair subsidies. Despite warnings by China, the US International Trade Commissionsion (ITC) decided Wednesday that the subsidized pipes adversely impacted the domestic steel industry, paving the way for the Commerce Departme ... more |
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 China expected to grow 9.5 percent in 2010 US to impose duties on imported Chinese steel pipes   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Hong Kong (AFP) Dec 31, 2009 Asia-Pacific market holidays in 2010. FRIDAY, JANUARY 1 Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, South Korea, Singapore, Taiwan, Thailand MONDAY, JANUARY 4 New Zealand MONDAY, JANUARY 11 Japan TUESDAY, JANUARY 26 Australia, India MONDAY, FEBRUARY 1 Malaysia FRIDAY, FEBRUARY 5 Pakistan THURSDAY, ... more 
Beijing (UPI) Dec 31, 2009 With the world's highest level of greenhouse gas emissions and the largest market in the world by floor space, building "green" is becoming the architectural trend in China. "A few years ago, sustainable design was not quite focused and was not seriously considered in most developments," said William Wong, associate director of the Hong Kong office of Arup, a global firm of independent ... more
Washington (AFP) Dec 31, 2009Residents of the US capital may have to dig a little deeper into their pockets when they go grocery shopping once the city slaps a five-cent levy on each plastic bag issued at the checkout line. The measure, which takes effect on January 1, 2010 and is the first such initiative in the United States, seeks to make consumers bear the brunt of clean up costs for the bags which currently are dis ... more |
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  China to be world's third biggest wind power producer: media  Romania moves closer to ratifying Nabucco   Chinese execution threatens Sino-British chill |
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