Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.
Corn futures rose to a two-month high on mounting demand from China, the world’s second-biggest consumer.
United States trade deficit rose to a 15-month high in March as rising imports underlined the economy's recovery. Figures from the Commerce Department showed the gap between imports and exports rose 2.5% to 40.4 billion US dollars.
The European Union asked Argentina not to restrict food imports, which was reported by manufacturers and producers. Manufacturing sources said that restrictions began being applied in the last few days on products that are also elaborated locally, in a non-written measure that primarily affects the EU and Brazil.
April inflation in China has accelerated as bank lending exceeded estimates and property prices jumped by a record, increasing pressure on the government to raise interest rates and let the currency appreciate.
Chinese shares plunged to an eight-month low Thursday on persistent concerns over weak overseas markets and government measures to tighten credit and curb property speculation, dealers said.
China National Offshore Oil Corporation, CNOOC (NYSE:CEO) Ltd said on Wednesday it had closed a 3.1 billion US dollars deal with Argentina’s Bridas Energy Holdings (BEH) to buy a 50% stake in Bridas Corporation, a wholly owned subsidiary of BEH.
Taiwan set up its first government office in China this week sending a strong sign of improved relations following decades of hostilities that saw little official contact while the two sides stood at the brink of war.
China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.
The Shanghai World Expo has got underway Friday evening with a dazzling display of artistic performances, fancy fireworks and high technologies at the opening ceremony.