Home / Tag Archives: china (page 3)

Tag Archives: china

Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

Read More »

Miners and leaders lament layoffs in Pineville

PINEVILLE — Miners are normally stoic workers, men used to the boom and bust of the coal industry. However, on Sunday afternoon the latest group of miners, the 206 laid off last week from Cliffs Natural Resources Pinnacle Coal Mine, were shocked and dispirited while listening to officials from United Mine Workers of America. “Morale is down,” said union President ...

Read More »

China to send Nepal 1,000 tonnes of petrol by Nov 25

KATHMANDU — The Chinese government has asked Nepal to take delivery of 1,000 tonnes of petrol it has pledged in grant by November 25, the state-owned Nepal Oil Corporation (NOC) said on Sunday. Amid public scepticism over the possibility of fuel imports from China through the damaged Kerung-Rasuwagadhi border point, NOC spokesperson Deepak Baral said it is “technically feasible” to ...

Read More »

Economist: U.S. recession unlikely until early 2019

Consumers and businesses won’t have to grapple with another recession until 2019 and a major downturn is unlikely for at least another 15 years, a Manchester, N.H.-based economist said Friday in Colorado Springs. A weakening dollar, an economic recovery in Europe and stronger growth late next year in China will trigger better economic conditions nationwide in 2016, particularly for businesses ...

Read More »

Japan, Turkmenistan sign deals worth over $18 bln in chemicals, energy

ASHGABAT – Japan and Turkmenistan on Friday signed deals worth over $18 billion on a package of projects in the energy-rich central Asian nation, which has become an important supplier of natural gas to China. Turkmenistan, a reclusive nation of 5.5 million, holds the world’s fourth-largest reserves of natural gas. Since independence in 1991, it has launched ambitious projects to ...

Read More »

BP signs $10 bln gas supply deal with China’s Huadian

LONDON – Oil major BP has signed a $10 billion liquefied natural gas (LNG) supply deal with China’s Huadian power producer, sealing the agreement as part of Chinese President Xi Jinping’s state visit to Britain. BP will supply up to 1 million tonnes of LNG per year over 20 years to Huadian, China’s largest gas-fired power generator. The oil major ...

Read More »

Caterpillar to cut thousands of jobs

Now may be a good time for Caterpillar employees to look for other employment. According to a Ledger-Enquirer report, the Peoria, Illinois-based construction and mining equipment manufacturer announced budget cuts that result in a 5,000 jobs cut by the end of the year and as many as 10,000 jobs cut by 2018. The company’s 2015 revenue outlook took a $1 ...

Read More »

Sudan grants China gas production franchise in four zones

KHARTOUM — Sudan announced Tuesday that China will explore for oil and gas in the Red Sea, Sinnar, and West Kordofan. China is the largest foreign investor in Sudan, which hosts China’s biggest investment in the African continent. Last week President Omer al-Bashir and Chinese President Xi Jinping signed a bilateral strategic partnership, including an agreement for production of natural ...

Read More »