China's Sinochem to Invest $3Bln in Brazilian Oil Field
China's Sinochem Corporation agreed to buy a 40 percent stake in a greenfield Brazilian oil field for $3.07 billion in cash.
Air France KLM Reports Huge Loss in 2009
Air France KLM Group has posted a heavy net loss of 1.56 billion euros for its fiscal year ended March 31.
China Telecom Offers BlackBerry Services in China
China Telecom, working with Research in Motion (RIM), will introduce BlackBerry handsets running on its EVDO 3G network in 16 provinces in China.
India Seeks Huawei, ZTE's Ownership Disclosure
The India government has given Huawei and ZTE one month to disclose full details of their ownership on grounds of national security.
China's Steel Company Expands Global Outreach
China's second-largest steel maker said it has started talks with an American steel maker for potential collaboration.
Goldman Sachs Credit Rating Outlook Cut to "Negative" by Fitch
Fitch said the legal actions and regulatory changes could hurt the company's reputation and ability to earn money.
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.
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