The White House said that world leaders had reached a meaningful agreement that would pave the way towards multi-laterally combatting global climate change.
U.S. President Barack Obama reached agreement with major developing powers on a climate deal on Friday, a U.S. official said, but he said the accord was only a first step and was insufficient to fight climate change.
U.S. President Barack Obama reached a climate agreement on Friday with leaders from India, South Africa and China that will be a historic step forward in combating global warming, a U.S. official said.
Belgian film and printer company Agfa-Gevaert said it has signed a deal worth up to $500 million to have its hospital imaging systems distributed in China, seen as a critical emerging market for healthcare.
Brazil's CSN (CSNA3.SA) (SID.N) offered on Friday to buy Portuguese cement producer Cimpor (CPR.LS) for 3.86 billion euros ($5.6 billion) as the steelmaker slowly diversifies from its core business outside its home base.
European Union carbon emissions futures steadied on Friday, as investors awaited an outcome from a U.N. climate summit in Copenhagen.
Nordic telecoms operators Tele2 (TEL2b.ST) and Telenor (TEL.OL) picked China's Huawei [HWT.UL] to supply their joint 4G network in Sweden, shutting out Ericsson (ERICb.ST) in its home market, Tele2 said.
World leaders worked toward a target of halving greenhouse gas emissions on Friday, but a draft text abandoned ambitions for a legally binding climate treaty next year in a sign divisions remain.
A suicide bomber killed up to 10 people in Pakistan Friday, while a suspected U.S. drone killed six militants, as rising political tension threatened to distract the government from its war against the Taliban.
Brazilian steelmaker CSN has bid 3.86 billion euro ($5.56 billion) cash for Portuguese cement maker Cimpor, targeting new markets like Africa and eyeing a sport-led domestic construction boom.
Taiwan and China, political rivals for six decades, will discuss a free trade pact at formal talks next week amid protests planned by the island's opposition parties wary of deeper engagement with Beijing.
A suicide bomber killed up to 10 people in Pakistan on Friday, while a suspected U.S. drone killed six militants, as rising political tension threatened to distract the government from its war against the Taliban.
World leaders tried to rescue a global climate agreement on Friday but the failure of leading greenhouse gas emitters China and the United States to come up with new proposals blocked chances of an ambitious deal.
General Motors will wind down operations at its loss-making Swedish unit Saab after an attempt to sell it to small Dutch luxury carmaker Spyker Cars failed.
China has agreed to lower the tariff on imports of ethanol to 5 percent from the previous 30 percent, which traders said could open the door for imports of fuel ethanol from countries like Brazil.
President Barack Obama met other world leaders in a last push for a new global climate deal on Friday, after negotiators failed to reach a deal on carbon cuts in all-night talks.
China said on Thursday the US move to offer $100 billion in climate funds for poor countries was a good step”, seeking compromise with Washington on its demand for checks on Chinese emissions curbs.
World leaders worked through the early hours to try and beat a Friday deadline for a deal on cutting emissions and helping poor countries cope with the costly impact of global warming.
RIM Beats Views; Climate Talk Trouble; Continuing Recovery
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring back due to steady economic recovery, analysts and industry officials said.
Prospects for a strong U.N. climate pact grew more remote on Thursday at the climax of two-year talks as ministers and leaders blamed leading emitters China and the United States for deadlock on carbon cuts.
U.S. lithium-ion battery maker A123 Systems Inc said it is forming a joint venture China's top carmaker SAIC Motor Corp to develop, make and sell battery systems for electric vehicles.
