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Latest World News

Chinese oil companies eye stake in Repsol unit
MADRID: Two giant Chinese oil companies are interested in buying a 30-percent stake in an affiliate of Spanish oil major Repsol, media reported yesterday. The China National Petroleum Corp (CNPC) and China National Offshore Oil Corp (CNOOC) are ready to

China likely to allow foreign firms' listing
Beijing: China may allow foreign firms with investments inside the country to list domestically, as part of efforts to boost trader confidence during the global downturn, an official said yesterday. 'We will continue to actively work with relevant

NEWS in BRIEF: Qatar plans investment office in China
Beijing: The Qatar Investment Promotion Department (IPD) is planning to set up an office in the Chinese capital Beijing next year to facilitate mutual investments between the two countries, state-run newspaper China Daily reported yesterday. The Chinese

Swine flu patient dies of electrocution in China
A patient suffering from influenza A (H1N1), better known as swine flu, died of electrocution when she was taking a shower in a hospital here, the police said Friday.'The patient died of electrocution caused by leakage of electricity from electrical

Chinese vice foreign minister on Hu's upcoming attendance at G8+5 in Italy
['Chinese President Hu Jintao's European Tour Is Aimed at Promoting Positive Results in North-South Dialogue'] Beijing, 2 Jul (Xinhua) - Chinese President Hu Jintao will attend a dialogue between G8 and developing countries' leaders to be held in Italy

Bank of China signs yuan trade settlement deal with HSBC, BOC (Hong Kong)
Bank of China (BOC), China's largest foreign exchange bank, announced Saturday it has signed a yuan trade settlement agreement with BOC (Hong Kong) and HSBC in Hong Kong. The BOC is the first mainland bank to reach such agreements following rules

Asia likely to be the first to get out of recession: ADB
After seeing its recession touching the bottom this year, Asia is likely to be the first to climb out of the global economic slowdown, said the Asian Development Banks Chief Economist. In a group interview with reporters in Manila on July 2, ADB Chief

Belarus marks anniversary of liberation from Nazi
MINSK: Belarus yesterday marked the 65th anniversary of the liberation of Minsk from Nazi forces with a Soviet-style military parade and a rousing speech by authoritarian President Alexander Lukashenko. Some 160 tanks, armoured vehicles and artillery

Ukrainian president urges transfer of Sevastopol to Crimean jurisdiction
Ukrainian President Viktor Yushchenko has said the Crimean city of Sevastopol, which is subordinated directly to Kiev because the Russian Black Sea Fleet is deployed there, should be transferred to the Crimean government's jurisdiction. He was commenting

Ukrainian PM meets visiting Chinese politburo member
[Xinhua: 'Ukrainian Pm Meets Senior Chinese Official on Bilateral Ties'] KIEV, July 3 (Xinhua) - Ukrainian Prime Minister Yulia Tymoshenko on Thursday met and discussed bilateral ties with Wang Gang, member of the Chinese Communist Party (CCP) Central

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