The U.S. Department of Energy is investing in a power storage system that brings together several emerging industries in the alternative energy field -- solar and wind power, and the lithium-ion battery.
Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website SHANA reported.
The surprise timing of the People's Bank of China increase in benchmark lending and deposit interest rates is likely to weigh on commodity markets when trading starts on Monday.
China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, a day after the central bank raised interest rates, and he pledged to speed up efforts to rein in house price surges.
China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, pledging to speed up efforts to rein in house price surges.
China raised mortgage rates by 25 basis points on Sunday, the Ministry of Housing and Urban-Rural Development said, the second increase this year, after benchmark interest rates increased on Saturday.
China's central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation.
The People's Bank of China said on Saturday it would increase its one-year benchmark lending and deposit interest rates by 25 basis points, the second rate hike in just over two months.
The People's Bank of China said on Saturday it would increase its one-year benchmark lending and deposit interest rates by 25 basis points, the second rate hike in just over two months.
German automaker, Audi, has announced that the company has broken its record for annual vehicle sales in the U.S. recording its 93,507th transaction on December 13, 2010.
China's central bank raised interest rates on Saturday, the second rise in just over two months, stepping up its battle to rein in stubbornly high inflation.
Dutch navigation device maker TomTom expects more deals with car producers and will increase its workforce by about 14 percent next year as it seeks market share in Asia, its chief executive told a Dutch paper.
Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.
Southwest China's Tibet autonomous region is estimated to grow at the rate of 12.2 percent this year, recording a double-digit GDP for 18 consecutive years.
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.
Chinese automobile shares fell sharply on Friday after Beijing authorities Thursday announced stringent new measures to limit the sale of new passenger cars in the national capital to ease traffic congestion.
Google Inc. has started its 2010 Christmas with new holiday doodle, which has 17 interactive images of holiday destinations and cuisines from around the world.
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and no signals from OPEC it was prepared to arrest the rally.
China's central bank kept up its rhetoric against inflation and excess liquidity on Friday by saying it will deploy a range of policy tools to head off inflationary pressures and asset bubbles.
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and no signals from OPEC it was prepared to arrest the rally.
China's central bank kept up its rhetoric against inflation and excess liquidity on Friday, saying it will deploy a range of policy tools to head off inflationary pressure and asset bubbles.
Oil rallied to its highest price in more than two years on Friday, supported by unusually frigid weather that has fueled demand, depleted supplies and stoked inflationary worries from South Korea to India.
