CNOOC Wraps Agentina Joint Venture
CNOOC has completed its planned 3.1 billion U.S. dollars acquisition of a 50 percent stake in an Argentine joint venture Bridas Corporation.
UAL, Continental to From Largest Airline
The combined new airline will serve 144 million customers per year as it flies to 370 destinations in 59 countries.
PetroChina, Shell's Bid for Arrow Energy Gets Australian Gov's Approval
Australia has given foreign-investment approval for Royal Dutch Shell and PetroChina to buy coal-seam gas firm Arrow Energy Ltd for 3.2 billion U.S. dollars.
HP to Buy Palm for 1.2 Bln U.S. Dollars
HP announced Wednesday its decision to buy the smartphone maker Palm for 1.2 billion U.S. dollars by cash.
PetroChina's First-Quarter Profit Jumps 71Pct
PetroChina posted a 71 percent jump in first-quarter profit Tuesday as demand inside China surged and crude oil prices rebounded.
China's Alibaba Taking Aim at U.S. Market
China's largest e-commerce company Alibaba announced its official operation of its English platform AliExpress, in an effort to target U.S. market.
China CITIC Bank, BBVA to Establish Auto-Finance JV
Under the deal, China CITIC Bank will invest 650 million yuan (95 million U.S. dollars) for a 65 percent stake of the joint venture.
Airlines Lost 1.7 Bln U.S. Dollars over Icelandic Volcano Eruption
IATA said the hit by the volcano crisis was bigger than the impact of the Sept. 11 2001 attacks.
Some European Flights Resume
Flights to and from Europe started to resume Monday since airspace across Europe was closed last week when an Icelandic volcano erupted.
EU to Probe Economic Impact of Icelandic Volcano Ash Chaos
EU is to set up an ad-hoc group to assess the impact of the volcanic ash cloud on the economy, and the air travel industry in particular.
Sinopec, Petrobras Reached Cooperation Agreement in Brazil
China's Sinopec will acquire part of Petrobras's stake in two blocks in Brazil, a further step to enhance relations in the energy sector between China and Brazil.
Intel Q1 Profit Nearly Quadruples
Intel Corp. said Tuesday its net income in the first quarter nearly quadrupled over last year
IEA Hikes Projected 2010 Global Oil Demand
Global oil demand is expected to rise to 86.6 million barrels per day, 30,000 barrels more than expected.
China's Tencent Invests 300 Million in Digital Sky Technologies
Tencent will acquire 10.26 percent stake in DST and it will benefit from the fast-growing Internet market in Russia.
GM Reports 4.3 Billion Net Loss for 2009
GM posted a net loss of 4.3 billion dollars on Wednesday from July to December in its first profit report since exiting bankruptcy.
U.S. Government to Seek Record Fine Against Toyota
The U.S. government said on Monday that it will seek as much as 16.375 million dollars of civil penalty against Toyota over the massive recalls
China March PMI Rebounds to 55.1
It was the 13th straight month that the official PMI has stood above the threshold of 50 that demarcated expansion from contraction.
ExxonMobil Published Medium-to-Long-Term Outlook for Energy
ExxonMobil is expanding its supply in clean energy, especially natural gas and seeking opportunities for collaboration with China.
IATA: Air Traffic to Reach Pre-crisis Levels in Three Months
IATA reported that February international passenger traffic (RPKs) for member airlines surged 9.5% compared to February 2009.
U.S. Government to Fully Exit From Citigroup
The US Treasury Department plans to sell the government's 27 per cent stake in New York-based banking giant Citigroup Inc. this year
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