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PetroChina Co Ltd

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  • BEIJING/ SHANGHAI, Oct 16- Chinese companies are on a pace to cut capital spending by around 7 percent this year, the biggest annual reduction since the global financial crisis, deepening an economic chill. The cutbacks could persist, indicating that China's economy, which has relied heavily on investment, will need to speed up rebalancing to feed growth.

  • HONG KONG, Oct 15- China Resources Holding Co Ltd's new chairman has met with at least 10 provincial governments since taking the helm six months ago- a charm offensive that is helping the state-owned conglomerate move past a major corruption scandal. The campaign by the politically connected Fu, formerly chief of China Merchants Group, which is also a sprawling...

  • BRASILIA, Oct 14- Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said on Tuesday. The price of gasoline on the international market has slipped below the domestic price of the fuel in Brazil, Credit Suisse said in a...

  • SAO PAULO, Oct 13- Shares of Brazilian state-run companies skyrocketed on Monday as investors saw a higher likelihood of challenger Aecio Neves defeating President Dilma Rousseff in this month's election. Preferred shares of Petroleo Brasileiro SA, the oil producer known as Petrobras, soared about 11.5 percent and were on track to close with their biggest...

  • SHANGHAI, Oct 13- China and Hong Kong shares dropped on Monday, taking their cues from weakness in global markets as concerns mount over the health of major economies. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1 percent. "Investors are not too bullish or bearish at this moment," said Alex Wong, a director at Ample Finance Group in Hong...

  • BRASILIA, Oct 9- Pro-business opposition candidate Aecio Neves has gained support and is running neck-and-neck with leftist President Dilma Rousseff ahead of Brazil's Oct. 26 presidential runoff, two polls showed on Thursday. The polls were the first by Brazil's two major polling firms since Sunday's first-round vote in which Rousseff won 41.6 percent of...

  • BRASILIA, Oct 9- Environmentalist Marina Silva said on Thursday she will wait for political pledges from pro-business opposition candidate Aecio Neves before backing him in the Oct. 26 runoff to Brazil's presidential election. An endorsement from Silva, who finished third in the election's first round on Sunday with 22 million votes, would increase Neves'...

  • *Wall St plunges, German recession fears mount as exports drop. NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. Gary Ross, chief executive of PIRA Energy Group,...

  • NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. "You can draw as many technical support levels as you like on these markets from the charts, but none may really...

  • NEW YORK, Oct 9- Brent crude tumbled to near a two-year low on Thursday then steadied above $91 a barrel, with Europe's worsening outlook and surging U.S. oil stockpiles keeping the pressure on a market that has lost more than a fifth of its price since June. Germany, Europe's No. 1 economy, in August experienced its largest plunge in exports since the height of the...

  • Brent for November delivery was down 41 cents at $90.97 by 1200 GMT, having fallen to $90.83 earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at $91.38- still down 73 cents. November crude lost 12 cents to $87.19 after closing $1.54 down in the previous session, during which it hit its lowest...

  • LONDON, Oct 9- Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns about global growth have pushed it 20 percent down from its peak in June. Brent for November delivery was down 34 cents at $91.04 by 1005 GMT, having fallen to $90.98 minutes earlier. The front-month contract fell as low as $90.57 on Wednesday, the...

  • Hong Kong shares fall along with global markets Wednesday, 8 Oct 2014 | 4:17 AM ET

    SHANGHAI, Oct 8- Hong Kong's benchmark shares fell 0.7 percent on Wednesday, following overseas markets lower after the International Monetary Fund cut its global economic growth forecast. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also lost 0.7 percent. Some blue chips were among the biggest drags on the Hong Kong...

  • SAO PAULO/ BRASILIA, Oct 7- President Dilma Rousseff's strategy of slamming bankers and playing up class divisions may give her the edge in this month's election but it further strains relations with business leaders just as Brazil's stagnant economy badly needs fresh investment. The leftist incumbent, who led the first round of voting on Sunday and now faces...

  • RIO DE JANEIRO/ SAO PAULO, Oct 6- Brazilian financial markets rallied on Monday after a pro-business candidate surged to a strong finish in Sunday's election, setting the stage for what is expected to be a tight runoff against leftist President Dilma Rousseff. Aecio Neves of the centrist Brazilian Social Democracy Party made a dramatic late surge from third...

  • RIO DE JANEIRO/ SAO PAULO, Oct 6- Brazilian financial markets rallied on Monday after a market-favorite candidate won strong voter support in Sunday's elections to challenge President Dilma Rousseff, whom investors accuse of driving Latin America's largest economy into a recession. Aecio Neves of the centrist PSDB party made a dramatic late surge from third...

  • RIO DE JANEIRO, Oct 6- Brazilian stocks, currency and bonds are expected to rally on Monday as a market-favorite candidate won strong voter support in a first-round of elections to challenge president Dilma Rousseff, whom investors accuse of driving Latin America's largest economy into a recession. "You had a scenario indicating that Dilma would get nearly...

  • BRASILIA, Oct 3- When more than a million Brazilians took to the streets last year in anti-government protests, many believed it was a sign that the ruling Workers' Party would be ousted at the next election after 12 years in power. Silva grew up in poverty in the Amazon and was for long a senior figure inside the Workers' Party but she has embraced more...

  • Shanghai shares in highest close since March 2013 Wednesday, 24 Sep 2014 | 3:07 AM ET

    HONG KONG, Sept 24- Shanghai shares finished at their highest in more than 1-1/ 2 years on Wednesday, helped by brokerage firms which rose amid optimism over policy reforms. Among top CSI300 contributors, CITIC Securities leapt 3.5 percent, Haitong Securities put on 3.3 percent, and Changjiang Securities surged the maximum allowed 10 percent.

  • US STOCKS-Chinese ADRs fall sharply on the day Monday, 22 Sep 2014 | 11:07 AM ET

    NEW YORK, Sept 22- Chinese companies traded in the United States were lower on Monday, dropping heavily after China's finance minister indicated that the country would not increase its stimulus measures. Recent data in China has been weak, leading many analyst to lower their growth forecasts and hope for more aggressive accommodations from the government.