CHICAGO Lab experiments on a new strain of the H7N9 bird flu circulating in China suggest the virus can transmit easily among animals and can cause lethal disease, raising alarm that the virus has the potential to trigger a global human pandemic, researchers reported on Thursday.
CARACAS/HOUSTON Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors.
BEIJING Foreign companies in China have welcomed the ruling Communist Party to set up cells in their firms, a senior official said on Thursday, though some executives have expressed concern about the party's growing role in their operations.
BEIJING Late U.S. President Abraham Lincoln, who freed the slaves, would have approved of China's policy to end serfdom in Tibet, a senior Chinese official said on Thursday.
DUBAI Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.
Senate Republicans are poised to approve a measure that would help pass Trump’s tax reforms, a special report lifts the lid on a backroom battle threatening a $230 million cryptocurrency venture and thirty years on from the 1987 stock market crash, cautious traders wonder if it could happen again.
BEIJING China's central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending. | Video
BEIJING China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly.
BEIJING/HONG KONG China's Sinochem Group has tapped three banks, including Morgan Stanley , to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter.
HONG KONG China's central bank governor, Zhou Xiaochuan, warned on Thursday of the risks of a "Minsky moment," citing relatively high corporate debt and saying household lending was rising too quickly.