May 21 2013 14:42 BST Reliance and China Development Bank chiefs talk up trade targetAmid all the talk of closer business ties between Asia's two great emerging economies, Monday's inaugural meeting of the India-China chief executives' forum in New Delhi could scarcely have asked for two more appropriate chairmen. Billionaire Anil Ambani of India's Reliance group and Hu Huaibang of China Development Bank presidedBy James Crabtree |
May 20 2013 23:59 BST Market manoeuvres: National brands can punch above their weightWe live in an increasingly globalised economy and the BrandZ rankings reflect this. The most common route to reaching the top 100 is for a brand to become global. Many categories are completely or largely dominated by global brands (cars, luxury, personal care, beer, technology, apparel, soft drinks). However, thereBy Nick Cooper |
May 20 2013 17:12 BST Essar Oil to sign fuel-for-cash deal with China Development BankIndia's Essar Oil, a division of London-listed Essar Energy, is set to announce an unusual debt financing deal with state-run China Development Bank, in a further sign of deepening financial ties between Asia's two largest emerging economies. The heavily indebted group will on Tuesday sign a three-way memorandum of understandingBy James Crabtree in Mumbai |
May 15 2013 00:03 BST An industry transformed by politics and science"There's a whole ocean of oil under our feet!" When the film There Will Be Blood was released in 2007, that exclamation by anti-hero Daniel Plainview, played by Daniel Day-Lewis, sounded like an echo from a long-vanished time. The age of the heroic oil wildcatter seemed to be over andBy Ed Crooks |
Apr 14 2013 14:46 BST Woodside: back to the drawing boardFour years, more than four million hours worked and . . . back to the drawing board. Woodside Petroleum's rethink of its plans to process natural gas onshore in Australia from its Browse field is a turning point in the industry's struggle to contain cost blowouts. Until now producers such |
Apr 02 2013 16:47 BST Equities climb in US and EuropeTuesday 16:45 BST. Global equities powered ahead as European markets reopened after the Easter break and Wall Street recovered from Monday's data-driven wobble. Indeed, the S&P 500 climbed to within easy striking distance of its 2007 intra-day record high, after last week reaching a fresh closing peak. The benchmark USBy Dave Shellock |
Mar 24 2013 16:46 GMT China's foreign oil drive set to continueChina's state-owned oil companies reported falling net profits last year due to the economic slowdown and state-controlled fuel prices, even as they are set to continue their rapid expansion overseas. Sinopec, China's largest refining company, reported on Sunday that net profits for 2012 fell 12.8 per cent from the previousBy Leslie Hook in Beijing |
Mar 17 2013 16:33 GMT China gas: a faint hissWhen a command economy slackens its grip on energy pricing, it is cause for celebration for energy suppliers, if not users. When that economy is China and it is talking about gas costs, then the partying should not get out of hand: it will take years before the likes of |
Mar 17 2013 16:03 GMT Iraq's appeal wanes for oil majorsWhen Iraq held its first postwar oil licensing round in June 2009, groups like ExxonMobil, Royal Dutch Shell and BP flocked to Baghdad for what was one of the most eagerly anticipated events in the oil industry calendar. At the fourth round last May, none of them bid. The poorBy Guy Chazan |
Mar 15 2013 09:25 GMT Beijing looks to energy market easingAs China's rubber-stamp congress finishes up its annual meeting in Beijing this week, a recurrent theme can be heard from the tightly scripted meetings: China's energy pricing policies are set to change. For decades, China's rapid industrial growth has been fuelled by cheap, and sometimes subsidised, energy. Even today, muchBy Leslie Hook in Beijing |
