Tue, February 09, 2010

Business

Europe searches for way out of debt crisis

Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU leaders into an embarrassing bailout. Full story

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ECONOMY

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Economic pact with mainland to raise Taiwan's competitiveness: Taiwan leader

2010-02-09 14:30:28 GMT Xinhua English BEIJING, Feb. 9 (Xinhua) -- Taiwan leader Ma Ying-jeou said Tuesday that signing a wide-ranging economic pact with the Chinese mainland will help Taiwanese people do business and boost the island's competitiveness.

India intends to double trade with Arab world: official

2010-02-09 11:51:52 GMT Xinhua English NEW DELHI, Feb. 9 (Xinhua) -- India has expressed its intention to double bilateral trade with the Arab world from the present 114 billion U.S. dollars by 2014, the local daily The Hindu Tuesday quoted a senior Indian official as saying.

China vows tighter oversight, illegal land use crack down

2010-02-09 03:31:32 GMT Global Times The Ministry of Land and Resources (MLR) vowed Monday to crack down on illegal land use including idling land hoarding and land speculation over property development in a bid to strengthen arable land protection and use land optimally and intensively.

Record ad income for Spring Festival show

2010-02-09 03:29:53 GMT Global Times The CCTV Spring Festival Evening Show is expected to see a record of 650 million yuan ($95.21 million) in advertisement income this year, indicating a boost in the Spring Festival economy.

MARKETS

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Wall Street boosted by Caterpillar, Greece debt talk

2010-02-09 15:54:50 GMT SINA.com NEW YORK – Stocks rose broadly on Tuesday with Caterpillar Inc and other industrial shares benefiting from a broker upgrade and talk of help for debt-burdened Greece reviving investor sentiment.

US stocks climb on hopes for Greece debt assistance

2010-02-09 15:54:11 GMT SINA.com NEW YORK – Stocks are higher as hopes grow that the European Union will help Greece with its growing debt burden.

Europe searches for way out of debt crisis

2010-02-09 15:52:55 GMT SINA.com BRUSSELS – The euro is under siege — and the next few days will be crucial.

China's oil output only meets half demand

2010-02-09 15:32:34 GMT Global Times Although China has exceeded Iran to become the fourth largest crude oil producer in the world in 2009, as world's second-largest oil consumer, its output can hardly meet half of its demand and the country still has a long way to go to seek oil in overseas market, a China Business News (CBN) report said Tuesday.

INDUSTRIES

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Ranking the world's most sustainable companies

2010-02-09 15:49:39 GMT Forbes Over the past decade, "sustainability" has become a popular corporate buzzword with a nebulous definition. To most people it connotes an abstract sense of do-gooding that centers on a company's effects on society and the environment. A Toronto media company called Corporate Knights has tried to make the idea clear and measurable by collecting data on 3,000 global public companies and evaluating them according to 11 different metrics. Today, as a result of that research, it published its first-ever ranking of the world's 100 most sustainable companies.

The world's biggest green energy projects

2010-02-09 15:41:29 GMT Forbes The U.S. government, desperate to add jobs to a feeble economy, is looking skyward for help: to the wind and the sun.

CNOOC says partner Husky finds 3rd deepwater gas field in South China Sea

2010-02-09 13:06:59 GMT Xinhua English BEIJING, Feb. 9 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC Ltd.) announced Tuesday its partner, Husky Oil China Limited, a subsidiary of Husky Energy Inc., has discovered a new deepwater gas field in the South China Sea.

Toyota announces recall of 50,000 Prius in Europe

2010-02-09 11:53:09 GMT Xinhua English BRUSSELS, Feb. 9 (Xinhua) -- Toyota Motor Corp. announced Tuesday that it is recalling about 50, 000 units of Prius in Europe for braking problems.

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