IBT Staff Reporter

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Gazprom says does not fear competition in China

Gazprom is confident it will be able to supply China with large volumes of natural gas despite a recent deal between Beijing and Turkmenistan, the Russian gas export monopoly's chief spokesman said on Thursday.

Asia Naphtha-Thai PTT delays cracker shutdown to Feb

PTT Chemical PCL (PTTC.BK) will defer maintenance at its 461,000 tonnes per year (tpy) ethane cracker by about two months to February, while it holds trial runs at its new 1 million-tpy cracker, its CEO said on Thursday.

US copper poised for best gains in at least 20 yrs

U.S. copper was up half percent to 16-month highs on Thursday as fund buying and a looming mine strike in Chile put the red metal on course for a 140 percent gain this year, its best in at least 20 years.

Charlie Sheen seeks to resume contact with wife

Actor Charlie Sheen asked a Colorado court on Wednesday to lift an order that has required him to stay away from his wife, amid reports that the couple hope to reconcile after his Christmas Day domestic violence arrest.

U.S. online holiday spending rose 5 percent

U.S. online spending rose 5 percent to $27.12 billion from the start of November through Christmas Eve even though individuals spent slightly less than they did last year, according to data released by comScore on Wednesday.

Ke$ha sets female download record in U.S.

In what is traditionally a high-volume download week thanks to shiny new MP3 players under the tree and download cards stuffed in stockings, a digital sales mark has fallen by the wayside.

Second Love Guru pirate to plead guilty

A second person has agreed to plead guilty in the case involving a copy of the Mike Myers bomb The Love Guru leaking on the Internet a day before its theatrical release.

Trucker YRC's debt exchange succeeds, shares drop

U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.

Pfizer shares fall after Prevnar FDA delay

Pfizer Inc shares fell 1 percent on Thursday after it said a U.S. decision on whether to approve the company's new version of its big-selling Prevnar vaccine that fights pneumonia and meningitis would push past the deadline.

Geely gets China's support for Volvo, 2010 auto sales

Geely, China's No.1 private carmaker, said on Thursday that its parent company has strong support from the Chinese government to acquire Ford Motor's Volvo unit, and expects robust growth for China's auto industry in 2010, also with help from Beijing.

Jobless claims fall in latest week

The number of workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, according to U.S. government data on Thursday.

Putin says hopes U.S. ties will improve in 2010

Russian Prime Minister Vladimir Putin said on Thursday he hoped for improved relations with the United States in 2010, days after his attack on U.S. missile defense plans displayed the fragility of efforts to draw closer.

Wall Street dips, but eyes best year since 2003

Stocks dipped on Thursday despite data showing that the number of people filing for jobless benefits fell to the lowest level in about 17 months, with indexes on track for the best yearly gains since 2003.

Russia to allow first post-war Georgia flights

Russia has given permission for a second attempt to resume air links with Georgia following last year's war between the two countries, Interfax said on Thursday, after Georgian Airways cancelled flights earlier this week.

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