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Chinese banks could survive '50%' property slideBeijing (AFP) July 30, 2011 Chinese banks could withstand a worst case scenario of a 50 percent drop in home prices, according to stress tests conducted by regulators, a state media report said on Saturday. "The worries and suspicions that China's banking industry will be dragged down by real estate developers are groundless and impossible," Liu Mingkang, chief of the China Banking Regulatory Commission, was quoted as telling broadcaster CCTV, according to the China Daily newspaper. He said Chinese banks would survive a ho ... read more |
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  Obama unveils new car efficiency standards US President Barack Obama on Friday unveiled a new deal with automakers on fuel economy standards that he said would be a crucial step towards reducing US dependence on foreign oil. ... more | .. |
  US to talk nuclear cooperation with Saudi Arabia The United States plans talks with Saudi Arabia on civilian nuclear cooperation, people familiar with the plans said, in a step that has already set off fierce criticism on Capitol Hill. ... more | .. |
  Chavez shows who's in charge Venezuelan President Hugo Chavez-- battling cancer, succession speculation and tough economic times - is proving himself anything but down and out. ... more | .. |
 Hong Kong to restrict foreign homebuyers from 2013 US judge OKs partial settlement in e-book case Nordic-Baltic states seek more cooperation Outside View: Jobs outlook grim Empire-style computers? Frenchman takes PCs to lap of luxury Google-Microsoft field smartphones to take on iPhone 5 EU businesses urge China's new leaders to speed reforms |
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  East Africa gold mining makes headway Gold mining in Tanzania and other East African sites is making headway with work in progress on prospecting and resource development at eight sites. ... more | .. |
  Japan PM pledges 'revolutionary' energy shift Japan's Prime Minister Naoto Kan on Friday pledged a "revolutionary" shift away from atomic power and towards renewable energy in the wake of the Fukushima nuclear disaster. ... more | .. |
Pemex now 4th place as global oil producer After almost 13 years as the third largest producer in the world, Mexico's Petroleos Mexicanos has dropped into fourth place. ... more | .. |
 HSBC to 'announce more than 10,000 job cuts next week' Global banking giant HSBC will announce next week plans to axe between 10,000 and 15,000 jobs in the coming year as part of a drastic cost-cutting drive, a report said Saturday. ... more |
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Beijing officials admit 'gaps' in readiness after rain kill dozens
Chinese sub discovers deepest-ever creatures 10 km undersea
NASA teams with India to launch Earth-tracking satellite | .. |
 Japan denies censorship over nuclear crisis Japan on Friday denied that a government project to monitor online news reports and Twitter posts about the Fukushima nuclear crisis was an attempt to censor negative information and views. ... more | .. |
 Chinese media attack US over debt battle Chinese media attacked the United States over its debt wrangling Friday, warning that lawmakers could depress the value of the dollar, fuel global inflation and plunge the world into another recession. ... more | .. |
 Philippines wants SE Asian unity on sea row The Philippines said Friday it would seek regional backing for a plan on pursuing joint development of disputed areas in the South China Sea amid China's increasingly robust assertions of its claims. ... more | .. |
 South Sudan and 'exorbitant' pipeline fees Less than a month after gaining independence, South Sudan is contesting oil export pipeline fees imposed by its northern neighbor Sudan. ... more |
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  S. Korean firm joins Chinese solar project South Korea's SK Group, country's top oil refiner, has had its SK Innovation Co. sign an agreement with both Chinese and Taiwanese energy firms to cooperate in the development of a solar energy storage system. ... more | .. |
 Japan's industrial output rises for third month Japan's industrial production rose for the third straight month in June as companies led by automakers continued to revive output amid an ongoing recovery of supply chains after the March 11 tsunami. ... more | .. |
Outside View: Debt-ceiling morass Cognitive dissonance - a refusal to accept objective facts that define rational behavior - is at the root of impending disaster in Washington. ... more | .. |
Argentine-U.S. ties reach new low Argentina's relations with the United States risk reaching a new low after the South American country received angry criticism from U.S. lawmakers over its style of government. ... more |
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US, India launch powerful Earth-monitoring satellite
NASA readying for crewed Artemis II moon flight
Scientists and engineers build radio telescope bound for the Moon | .. |
Japan's quake-hit electronics firms slide into red Japan's electronic giants plunged into the red in April-June after the March earthquake and tsunami hit production, as weaker sales and a strong yen pushed down profit forecasts, they said Thursday. ... more | .. |
  Rolls-Royce flies into profit Rolls-Royce, the British maker of aircraft engines, rebounded into profit during the first half of 2011, aided by a record order book despite defence spending cutbacks in Britain, it said on Thursday. ... more | .. |
End of nuclear in Germany pushes Vattenfall into red Swedish power group Vatenfall on Thursday announced a 154-percent net loss in the second quarter, blaming it on Germany's decision to abandon nuclear power in the wake of the Fukushima disaster. ... more | .. |
  Pinera under fire over coal mine project Chilean President Sebastian Pinera has been spared a politically damaging campaign to discredit him, at least for now, because he owns shares in a Patagonian coal mine in southern Chile. ... more |
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China's Sinohydro plans IPO China's Sinohydro Corp. intends to issue a $2.7 billion initial public offering this year. ... more | .. |
Arctic vulnerable to worst-case oil spills As more of the Arctic Ocean becomes open for shipping, the United States isn't prepared for potential disasters such as the Deepwater Horizon spill in the Gulf of Mexico, top U.S. Coast Guard and U.S. State Department officials told a Senate subcommittee Wednesday. ... more | .. |
Mongolian miner signs coal deal with China firms Mongolia's state-owned mining firm Erdenes Tavan Tolgoi (ETT) said Wednesday it had agreed to supply coal to a consortium of firms from energy-hungry China for $250 million. ... more | .. |
Guards commander nominated for Iran oil ministry Iranian President Mahmoud Ahmadinejad on Wednesday nominated a Revolutionary Guards commander targeted by international sanctions, Rostam Qasemi, to head the strategic oil ministry, reports said. ... more |
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Navy F-35 jet crashes in California
BAE Systems profit jumps as govts hike defence spend
EU states seek 127 bn euros under defence loan scheme | .. |
EU adopts automaker eco-innovation credit The European Commission has officially adopted a policy of allowing auto manufacturers to gain carbon dioxide emission credits through the use of "eco-innovations." ... more | .. |
  Graphene's 'quantum leap' takes electronics a step closer Writing in the journal Nature Physics, the academics, who discovered the world's thinnest material at The University of Manchester in 2004, have revealed more about its electronic properties. ... more | .. |
SE Asian navies seek closer ties amid sea spat Southeast Asian naval chiefs pledged closer cooperation on Wednesday as they held their first formal talks amid regional concern over China's activities in the South China Sea. ... more | .. |
Nissan sees quarterly profit slide 20.3% after quake Japanese automaker Nissan on Wednesday said net profit in April-June fell by a better-than-expected 20.3 percent on-year due to the impact of the March disaster on production and a strong yen. ... more |
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Iraq calls on Kuwait to suspend work on megaport Baghdad called on Kuwait Wednesday to suspend work on a controversial megaport until Iraq is assured its shipping lanes will not be squeezed by the project but Kuwait said work on the project will continue. ... more | .. |
  Herders kill animals as Horn of Africa drought worsens Butchered sheep and goats are strung up in a thorn tree ready for cooking in this remote north Kenyan village, as though the people are preparing a giant celebration feast. ... more | .. |
 How Dairy Farms Contribute to Greenhouse Gas Emissions U.S. Department of Agriculture (USDA) scientists have produced the first detailed data on how large-scale dairy facilities contribute to the emission of greenhouse gases. This research was conducted ... more | .. |
 Saving fuel while plowing Munich, Germany (SPX) Jul 27, 2011 Less friction, less power, less fuel - plowshares coated with diamond-like carbon (DLC) slide through the soil like a hot knife through butter. As a result, the t ... more |
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