Crude oil prices rose on Tuesday to a new of $127 a barrel after Iran said it is reviewing a plan to cut output and renewed concerns that refiners are not satisfying demand of distillate fuels including heating oil.
Toyota Motor Corp. said Tuesday it will invest $214.6 million to raise annual vehicle output capacity at a joint venture plant in north China.
India's biggest drug manufacturer Ranbaxy Laboratories Ltd. and Merck & Co. agree to develop new anti-infective products, the companies reported in a statement on Monday.
Copper futures rallied on Monday as the dollar fell rising demand of the red metal as a hedge against inflation and a strong earthquake in China made investors speculate whether production may be affected.
Shares if Chinese stocks listed in the U.S. fell on Monday after an earthquake in central China killed nearly 9,000 people.
Crude oil fell on Monday from a record over $126 a barrel as slumping crude imports from China concerned investors that recent high prices may be weighing on demand.
From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone.
Copper fell on Friday near 2 percent as inventories in London and Shanghai showed large increases and investors speculate demand may be weakening.
U.S. stocks fell on Friday, pushing the market to its first weekly drop in a month, as oil soared past $126 a barrel and metal producers retreated on concern the surge in commodity prices will end.
China's stocks rose the most in a week, led by energy companies and China Unicom, which will benefit from the coming restructuring of the telecom industry.
Copper futures fell for a second straight day on Wednesday as a labor strike in Chile ended and speculation that higher prices will reduce demand from China rose.
China's Xinjiang Land and Resources Office said today that the province discovered new natural resources, among which, coal reserves totaled 18.98 billion tons.
Singapore Airlines will use the world's largest passenger plane, Airbus' A380, to take one of the three daily flights between Singapore and Beijing as it strives to meet growing flight demand ahead of the Beijing Olympics.
Chinese Food and Drug regulators said pharmaceutical Baxter International Inc. did not fully co-operate in an investigation to address the case of the blood thinner heparin to which 81 deaths are linked due to the presence of a chemical contaminant.
Microsoft will invest $280 million to establish a Research and Development(R&D) Building in Zhongguancun, Beijing, and double the staff within three to five years to reach 3,000 the company said today.
China's Industry and Information Ministry issued statistics showing the country's total import and export volume of electronic information products reached $201 billion dollars in the first quarter, of which exports to $115.9 billion, accounting for 37.9 percent of the country's total export volume of foreign trade.
China, having the biggest population in the world, has sufficient grain reserves, helping keep the price of grain stable despite global market surging, China officials said.
Crude futures reached $122 a barrel inTuesday's trading as supply disruptions, overseas growing demand outlook and a falling dollar sent the prices to new all time records.
Both China's Shanghai and Shenzhen stock markets opened higher on Monday morning, boosted by Fed's cut of interest rates and China Securities Regulatory Commission (CSRC) Chairman Shang Fulin's requirement that institutions to maintain stability.
Vietnam plans to buy more electricity from China as local energy supplies vie to keep up with the burgeoning economy.
China 's stock market watchdog said on Sunday it had allowed local fund management companies to set up branches in Hong Kong, which will help national fund firms become more familiar with international financial rules.
The Chinese Health Ministry issued a nationwide alert on Saturday in an effort to control the outbreak of a virus which has killed 23 children in the east of the country and is spreading.
