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  • July 24, 2014
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  1. Beijing's fuel price cut hits oil equities

    Posted Oct 11th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com Mainland oil stocks declined yesterday as Beijing cut fuel prices for the first time in 16 months to help stem inflation. Petrol and diesel prices, ... of international crude oil prices. Fuel prices are adjusted when the 22-day moving average of the crude oil basket crosses the 4 per cent threshold. Some confusion in the market is expected after the fuel ...

  2. Shengli Oil sees return to profits in second half

    Posted Aug 16th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Shengli Oil & Gas Pipe Holdings, a major pipeline producer for the energy sector, expects to return to profitability this year after a sharp plunge ... as it expects a sharp rise in orders from Beijing's ambitious plan to double the oil and gas network by 2015. 'Last year, first-half profit was substantially better than the second-half,' ...

  3. News - China

    Briefs, January 30, 2013

    Posted Jan 30th 2013, 12:00am by STAFF, WIRE

    ... of former premier Li Peng , as the provincial governor, Xinhua reported. The younger Li has faced criticism for disaster cover-ups, including a chemical spill and a fatal construction accident, ...

  4. Lifestyle - Arts & Culture - MUSIC

    Making noise- the intrinsic protest of rock bands in Beijing

    Posted May 19th 2013, 12:00am by Clarissa Sebag-Montefiore

    ... On any given night, boys in skinny jeans and thick biker boots spill out of the rusty doors with girls in trainers and pink hair clutching their cheap local beer. Ben Ben is right: Beijing ...


    Posted Mar 07th 2006, 12:00am by Staff Reporter

    ... oil paintings by Liu Haisu, letters written by Sun Yat-sen's wife Soong Ching-ling, manuscripts belonging to the artist Xu Beihong, and paintings by Wei Tianlin, one of the first Chinese ... oil paintings. His business acumen spurred him to track the flow of paintings from high-bidding galleries and auctions to popular antique markets, such as southern Beijing's Panjiayuan ...

  6. High prices pressure Beijing's oil strategy

    Posted Nov 06th 2007, 12:00am by Tom Miller

    ... week's fuel-price rise. Teams of supervisors were sent around the country to monitor the implementation of the price adjustments and to prevent inflation from spreading. Soaring global crude oil ... oil strategy. The National Reform and Development Commission raised the price of petrol and diesel by 500 yuan per tonne on Thursday, an increase of 8 per cent, to stimulate supply after many ...

  7. Forex reserves may boost oil stocks

    Posted Sep 27th 2005, 12:00am by Cary Huang

    ... strategic oil stockpile, according to a central bank official. Ji Min, head of the financial market division at the People's Bank of China research bureau, told a forum that the nation's ... oil is a strategic issue. Our foreign exchange reserves are mainly in financial and economic assets,' the Beijing Morning Post quoted Mr Ji as saying yesterday. 'Currently, we have ...

  8. Costly oil puts pressure on fuel price rise

    Posted Nov 12th 2007, 12:00am by Eric Ng

    ... Eric Ng in Beijing Mainland grapples with losses at energy firms, tightening supply and inflation As the price of the West Texas Intermediate (WTI) crude oil benchmark hovers a few dollars ... fuel prices is mounting by the day. So far this year, the nation's economic growth, led by fixed-asset investments and industrial output, has defied spiraling international oil prices, ...

  9. Analysis of China's resource hunt based on flawed ideas

    Posted Jul 25th 2012, 12:00am

    ... Tom Holland The China National Offshore Oil Corp's US$15.1 billion takeover bid for Canadian oil company Nexen announced on Monday is not, as many media have been reporting, ... it still won't be China's, or even CNOOC's, biggest announced foreign investment. In October 2009, CNOOC said it would acquire 23 Nigerian oil licences in a deal estimated ...

  10. Payment paradox prevents the yuan from going global

    Posted Feb 27th 2012, 12:00am

    ... for China to price and pay for its oil imports in yuan. Then on Thursday PBOC researchers set out proposals for making the yuan fully convertible. But although internationalising the yuan makes good economic sense, there are problems. Beijing will find it is unable to price and pay for oil imports in yuan as long as it restricts cross-border capital flows. And it cannot relax its capital ...




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