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Dollar 'carry trade' fuels worry

Business | Macro-economy and policy
2009-11-16

CHINA'S top bank regulator said yesterday the weakening United States dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic...

Sands to proceed on casinos in January

Business | Hotel and tourism
2009-11-16

UNITED States casino operator Las Vegas Sands Corp plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company...

Exxon, Shell seal US$50b Iraqi oil deal

Business | Energy
2009-11-6

A consortium grouping United States and European oil giants Exxon Mobil Corp and Royal Dutch Shell Plc yesterday signed a US$50-billion deal to develop one of Iraq's most prized oil fields, as the OPEC nation looks...

Republican wins seen as setback for Obama

World
2009-11-5

REPUBLICANS inflicted a double blow on United States President Barack Obama's Democratic Party, winning gubernatorial races in two states that had backed him last year. The Republican victories on Tuesday in Virginia...

BMW Oracle's trimaran snaps in Pacific Ocean

Sports | Sailing
2009-11-5

THE 60-meter mast on the monster trimaran that will represent the United States in the America's Cup came crashing down during a sail on the Pacific Ocean on Tuesday, snapping in two as it hit the rear beam. None...

GM Launches On Star

Business | Automobile
2009-10-30

GENERAL Motors Corp yesterday launched its OnStar telematics services in China to meet higher demand for smart on-board technologies. Shanghai OnStar Telematics Co Ltd, a joint venture between GM, SAIC Group and...

US Pavilion moves step closer

Metro | World Expo
2009-10-27

ORGANIZERS of the United States Pavilion at the 2010 Shanghai World Expo said yesterday that fund-raising was going smoothly and about two-third complete. Ken Jarrett, chairman of the US Pavilion board of directors,...

Auto output hits 10m mark

Business | Automobile
2009-10-21

CHINA'S auto production hit the 10-million mark for the first time this year yesterday, and propelled the country to rank third after the United States and Japan to achieve the milestone. With a growing domestic...

Students Sought

Metro | World Expo
2009-10-16

THE United States Pavilion for the 2010 Shanghai World Expo yesterday began to recruit 160 staff members from students in American universities. The "student ambassadors" will work for 3 1/2 months from either...

GM to help Tengzhong win nod

Business | Automobile
2009-10-14

GENERAL Motors Corp will extend every support to help China's Sichuan Tengzhong to win government approval to buy its Hummer sport-utility vehicle brand, Chief Executive Officer Fritz Henderson said in Shanghai yesterday. ...