A United Nations climate panel has blocked carbon financing for around ten Chinese wind farms on Friday over concerns that they are financially viable without receiving carbon offsets, the panel said.
Yum Brands Inc, the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, forecast fourth-quarter sales at established restaurants that were below some analysts' estimates, and its shares fell 4.3 percent.
General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership into one of the world's fastest growing auto markets.
German Q-Cells will continue its wafer supply contract with China's LDK after the two companies agreed to drop legal action over the agreement, which Q-Cells had declared as ended last month.
A U.N.-led drive to raise cash to help poor nations cope with global warming is looking fairly encouraging, three days before a 190-nation climate conference, the U.N.'s top climate official said on Friday.
After two years of work, and 12 years after their last attempt, 190 nations gather in Copenhagen from Monday to try to avert dramatic climate change -- what one minister called the most difficult talks ever embarked upon by humanity.
Following are the negotiating positions of major nations before a 190-nation U.N. conference in Copenhagen on December 7-18 which will try to work out a new pact to combat climate change.
China's official news agency has denounced proposals for carbon tariffs on goods from big greenhouse gas emitting countries, saying on Friday that the idea could trigger trade battles with poor countries.
Japan's trading houses, which made fortunes from heavy bets on coal and iron ore, see water as their next big investment target as industrialization and urbanization in emerging economies boost demand for clean water.
On a small beach on South Korea's popular honeymooning island of Jeju a large blade spins against a cloudy sky, a noisy oddity for locals but a source of hope for emerging wind power gear makers eyeing a niche market.
Asia's largest wind power generator, Longyuan Power Group Corp, and China's biggest shipbuilder, China Shipping Industry, will each raise over $2 billion in initial public offerings in Hong Kong and Shanghai, testing market appetite strained by a glut of recent listings.
Love living it up on holiday as much as the environment? Now you don't have to sacrifice your green credentials, with an advisory group naming the world's top environmentally friendly luxury hotels.
The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.
The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
Teenagers who are addicted to the Internet are more likely to engage in self-harm behavior, according to an Australian-Chinese study.
India set a goal on Thursday for slowing the growth of its greenhouse gas emissions, the last major economy to offer a climate target four days before the start of U.N. talks on combating global warming.
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SAIC Motor Corp, China's biggest automaker, said on Thursday it suspended its trading on the Shanghai Stock Exchange as it plans a major asset restructuring.
A costly tie-up between PSA Peugeot Citroen and Japan's Mitsubishi risks landing Europe's number-two carmaker with a partner too small to exploit Asia's booming markets.
Volkswagen will likely complete the first stage of its planned integration with indebted Porsche SE when VW buys a 49.9 percent stake in Porsche's profitable sports car business next week.
German industrial conglomerate Siemens took a big fourth quarter writedown on its struggling network joint venture with Nokia and warned of lower operating profits and possible restructuring in 2010.
