The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.
The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country's best-performing asset this year.
Australian nickel miner Minara Resources Ltd will submit a joint bid with a Chinese firm on Wednesday for BHP Billiton's Ravensthorpe nickel operation, a source familiar with the bid told Reuters.
General Motors cast around for fresh options for Sweden's loss-making Saab on Wednesday after the collapse of its sale added another dimension to tortuous European restructuring plans.
North Korean leader Kim Jong-il on Wednesday told the visiting Chinese defense minister that his isolated country's friendship with China was unbreakable, even as ties have been tested by the North's nuclear tests.
China's Sinopec has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday.
China must be alert to any mutation or changes in the behavior of the H1N1 swine flu virus because the far deadlier H5N1 bird flu virus is endemic in the country, a leading Chinese disease expert said.
First-half pretax profit at Johnson Matthey fell by a fifth and the world's largest supplier of catalytic converters warned on Wednesday that prospects for a recovery in global auto sales were uncertain.
SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.
The head of Faurecia SA said on Wednesday that bumper maker Plastal could be a good match for the French parts maker, adding that his company was looking to be a consolidating force in the auto parts industry.
Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit.
A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.
The future of Sweden's Saab Automobile looks bleak after tiny luxury car maker Koenigsegg, backed by China's BAIC, pulled out of a deal to buy the loss-making firm from General Motors.
New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.
Iran could consider sending its low-enriched uranium abroad, the Foreign Ministry said on Tuesday, apparently softening its opposition to a U.N. plan aimed at keeping a check on its nuclear ambitions.
President Barack Obama sought to reassure Indian Prime Minister Manmohan Singh on Tuesday of his commitment to boosting U.S. ties with India even as his administration has set its rivals, China and Pakistan, as top priorities.
Any threat by the United States to slap fees on imports from countries it perceives as weak on cutting carbon emissions could hamper trade relations and delay international efforts to combat global warming.
Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
The Australian Dollar opens lower today against the greenback at 0.9202. The risk appetite that buoyed the Aussie on Monday night evaporated yesterday after news emerged from China that it's banking regulator issued a stern warning to banks regarding strict adherence to capital requirements or face sanctions.
Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, even if they do not see employment picking up soon, minutes from their November meeting showed.
China on Tuesday executed two people for their role in a tainted milk scandal that killed at least six children and further sullied the made-in-China brand.
