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'Unknown' duo picked to lead EU world push

World
2009-11-21

EUROPEAN Union leaders named Belgian Prime Minister Herman Van Rompuy, little known outside his home country, as the bloc's first president on Thursday to lead efforts to make it more influential on the world stage. ...

CNPC to expand oil refinery in Sudan

Business | Energy
2009-11-20

CHINA'S largest oil and gas company said today it had signed agreements with Sudan to strengthen cooperation in oil refining. China National Petroleum Corp, the parent of PetroChina Co, has signed a memorandum...

Belgian-British duo wins race for EU's top jobs

World
2009-11-20

AFTER years of effort the European Union named its first full-time president and powerful foreign policy chief yesterday - but handed the jobs to two little-known compromise figures instead of global heavy hitters. ...

Deutsche Bank to raise stake in Huaxia

Business | Banking
2009-11-20

DEUTSCHE Bank AG will spend 81.6 million euros (US$122.1 million) to increase its stake in Huaxia Bank to become the biggest shareholder of the Chinese bank. Deutsche Bank's stake will grow to 17.1 percent from...

Telekom awaits approval for Strato takeover

Business | Information industry
2009-11-20

GERMAN telecoms provider Deutsche Telekom AG is taking over Strato, a German Web hosting company. Deutsche Telekom, based in Bonn, said the boards of both companies had approved the plan but that it still faced...

Deutsche Bank becomes Huaxia's largest holder

Business | Banking
2009-11-19

DEUTSCHE Bank AG will spend 81.6 million euros (US$122.1 million) to increase its stake in Huaxia Bank to become the biggest shareholder in the Chinese bank. Deutsche Bank's stake will grow to 17.1 percent from...

New museum sketches Chinese language roots

National
2009-11-17

THE full range and history of Chinese characters, one of the world's oldest continuously used writing systems, came together yesterday at the opening of China's first museum for sinograms. The Chinese Character...

56% of student startups get low marks

Metro | Education
2009-11-17

MORE than half of government-subsidized student business companies were scored as "mediocre" or even "bad-performing" after years of operation, according to an report released yesterday at the Shanghai Entrepreneurship...

EU and Russia agree to 'early warning' setup on energy cuts

Business | Energy
2009-11-17

THE European Union and Russia yesterday agreed to an "early warning" mechanism to shield Europe from potential energy supply cuts and protect consumers in the event of a repeat of last year's Russia-Ukraine gas dispute. ...

Eurozone joins US and Japan to emerge out of recession

Business | Macro-economy and policy
2009-11-14

THE 16-country eurozone has officially joined the United States and Japan out of recession, after figures yesterday showed its economy grew by 0.4 percent in the third quarter from the previous three month period. ...