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Cap and trade bill passes in U.S. after historic vote

The U.S. House of Representatives passed the American Clean Energy and Security Act also referred as the cap and trade bill, in a historic vote on Friday to advance climate legislation that President Barack Obama has promoted during his administration to put the country into a clean energy economy path.

China to seek $3b high-tech deal with Finland

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Finland and China on Thursday signed high-tech contracts worth $1 billion and planned new top-level trade talks aimed at further deals worth more than $2 billion, said Keqiang Li, Vice Premier of China.
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China accuses Google of violating the nations’ law

China on Thursday accused Google's English language search engine of spreading obscene content that violated the nation's law, less than 24 hours after disruptions to the company's search engines and other services within China.
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Scorching heat blasts China, killing four

As a heat wave blasted 17 provinces in China this week, four people died from heatstroke and many suffered in the hot temperature, local news reported on Thursday.
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Brazilian miner Vale says no rush in China talks

Brazilian mining group Vale is in no rush to finish iron ore price talks with Chinese steelmakers and sees little possibility they could buy ore on spot markets, the company's chief executive said on Thursday.
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Britain says facing growing cyber security threat

Britain warned on Thursday of a growing risk to military and business secrets from computer spies and pledged to toughen cyber security to protect the 50 billion pounds ($82 billion) spent a year online in its economy.
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U.S. urges China to scrap Internet filter plan

China on Thursday stepped up accusations that Google is spreading obscene content, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.
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Asia stocks rally on steady Fed

Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting debt purchases.
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China shuts sex health websites to ordinary users

Ordinary web users in China will be banned from surfing sex-related medical and research websites from next month, amid an Internet crackdown on pornographic online content, according to new regulations.
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Asia stocks rally on steady Fed, merger activity

Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting its debt purchases.
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Nike orders disappoint, shares fall

Nike Inc reported a worse-than-expected global decline in forward orders, especially in its European region, sending shares of the world's largest athletic shoe and clothing company down nearly 5 percent in extended trading on Wednesday.
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China's Wugang stirves to make oversea deal

China's Wuhan Iron & Steel Inc (WISCO) made a nonbinding offer of $400 million for a minority stake in Brazilian miner MMX and its subsidiary MMX Sudeste Mineracao, MMX said on Tuesday in its website.
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World's rich lost 20 percent of wealth in 2008: study

The world's rich lost a fifth of their wealth in 2008 and the number of people with fortunes of more than $1 million fell 15 percent as the financial crisis wiped out two years of growth, a study showed on Wednesday.
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China's Sinopec to buy Addax for C$8.27 billion

Sinopec Group launched China's biggest-ever foreign oil acquisition on Wednesday, agreeing to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) to secure the Swiss oil explorer's high-potential oil blocks in West Africa and Iraq.

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