
PetroChina plans to acquire a majority stake in Canada’s Athabasca Oil Sands which holds the largest lease in Alberta’s oil sands. The 1.7 billion US dollars deal with Asia’s largest oil company means taking control of 60% of the 1.3 million acres of oil sand leases held by Athabasca.

Almost every day there is a new dire warning about global warming. But some claims regarding global warming are more extreme than others overselling the issue and can potentially damage the argument.

91 FAO Members have agreed on an international agreement to implement “port state measures” to combat illegal fishing.

Chinese equities Monday plunged 6.74% to a three-month low as investors showed concern a slowdown in bank lending would erode economic growth, reported the Xinhua news agency. The benchmark Shanghai Composite Index fell 192.94 points to finish at 2,667.75. This was the largest daily drop for the key Shanghai index since June last year.

At least eight members of HMS Clyde's 38-strong crew have been struck down by the bug.

China has become the world's largest exporter surpassing Germany, the World Trade Organization has said. China displaced Germany, which held the No.1 slot since 2003, by a slim margin of 100 million US dollars after exporting goods worth 521.7 billion USD in the first half of 2009.

On November 5, 2008, the Chinese government released a policy paper on Latin America and the Caribbean, as it had previously done so for Europe in 2003 and for Africa in 2006.

A historic election win by Japan's opposition Democratic Party on Sunday is likely to buoy Tokyo shares on hopes for less policy deadlock, putting pressure on Japanese government bonds and the yen.

With much of the world still mired in recession, the IMF took action to bolster its members’ reserves through an allocation of SDRs, or Special Drawing Rights. The allocation, equivalent to 250 billion USD was made on August 28 and will be followed by an additional, albeit much smaller, allocation of 33 billion on September 9.

A sheep is believed to have become the world most expensive after selling for £231,000. Deveronvale Perfection, bred in Banffshire, was bought by a fellow local sheep farmer at a sale in Lanark.