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.
China Continues to Cut Its U.S. Debt Holdings
China trimmed its holdings of U.S. treasury by 11.5 billion U.S. dollars, the fourth consecutive decline.
Russia Calls for Entry into WTO by the End of 2010
Russia expects to conclude WTO talks by the end of year, when when it would agree to lower its customs duties.
China's Urbanization Speed to Peak About 2013
The government should play a critical role in controlling costs related to social security, administrative fees and housing prices.
Ben Bernanke Remains Cautious About the Prospects for U.S. Economic Recovery
Federal Reserve Chairman Ben Bernanke said he continues to forecast a moderate economic recovery.
Greece Successfully Sells 1.2 Billion Euro Treasury Bills
Greece on Tuesday auctioned successfully 26- and 52-week treasury bills with a total value of 1.2 billion euros.
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.
Sinopec Pays $4.65 Billion for Conoco Syncrude Stake
The deal is expected to be closed in the third quarter after approval from the Canadian and Chinese governments.
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.
U.S. Posts 18th Straight Monthly Budget Deficit in March
The United States posted a 65.4 billion U.S. dollars budget deficit in March, marking the 18th straight monthly deficit.
IMF Official Welcomes Financial Support Package For Greece
IMF chief Dominique Strauss-Kahn said he welcomed the 30-billion-euro aid package for Greece
MOFCOM: Improvement of the Trade Balance Has Created Conditions for China to Keep Yuan Stable
China said the trade deficit in March proved that in an era of economic globalization, it is not exchange rate but market supply and demand and other factors that decide trade balance.
Goldman Sachs Ups India’s Inflation Forecast to 7.5Pct
Higher consumer prices as well as commodities such as steel and iron will increase India's inflationary pressures.
ASEAN Economies to Grow by up to 5.6 Pct
The ASEAN economy will grow by about 4.9 percent to 5.6 percent in 2010 with ASEAN economies recording moderate to strong growth.
East Asia's GDP Expected to Grow 8.7Pct in 2010: World Bank
The World Bank Wednesday upgraded its growth forecast for Developing East Asia this year to 8.7 percent
U.S. Geithner Makes an Unscheduled Visit to China
Political observers said as the approaching of a series of international conferences, China may feel much more pressure to reevaluate its currency.
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.
China's Oil Giants Involved in Daimler Bribery Case
China Sinopec admitted that Daimler had offered bribes to a former employee while PetroChina said it was investigating this matter.
India, U.S. Launch Financial, Economic Partnership
India and the US Tuesday launched a financial and economic partnership, focusing on macro-economic stability, financial sector reforms and infrastructure finance.
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