China, India will sustain global economy despite high oil prices, BHP says
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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Oil prices held firm on Tuesday as China showed no let-up in its strong import growth and US Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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Oil prices held firm on Tuesday as China  showed no let-up in its strong import growth and U.S. Gulf  producers reported damage to offshore rigs from Hurricane Ivan.
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Indian Prime Minister Manmohan Singh said Friday he was confident the country will be able to maintain a nine percent economic growth rate despite a possible global slowdown.
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Paris - Global oil reserves will remain abundant for several decades despite a surge in energy demand but vulnerable supply routes and reliance on fossil fuels loom as potential risks, the International Energy Agency said Tuesday.
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Asian powerhouses China and India have to grapple with some critical problems in their financial systems amid a projected slowdown in global economic growth, experts warn.
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High oil prices pose a risk to the global economy, but the economic outlook for 2005 is still favorable, the Group of Seven nations said in a statement following their meeting on Friday.
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No. 1 exporter pledges to hold production levels but is wary of boosting quotas and glutting market. VIENNA  - OPEC is keeping its foot on the production pedal in a bid to drag down oil prices, but
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Despite country's "growing and youthful IT workforce," China and India to remain dominant in outsourced business services.
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The world&#39;s biggest mining group, BHP Billiton, says its second-half net profit has more than doubled on strong demand for industrial raw materials and forecast sustained high prices for commodities.
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Like the big oil companies, the world&#39;s mining majors are experiencing an embarrassment of riches due to very high commodity prices. BHP Billiton is in the happiest position: it is both the world&#39;s biggest miner and has a substantial oil production ...
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Oil prices rallied to a record high  above $55 a barrel on Friday on rising fears of a winter fuel  supply crunch and robust economic growth in China, the world's  number two user.
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BHP Billiton, the world&#39;s biggest mining company, said global growth and economic activity in China are slowing, partly as higher oil prices curb spending.
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The world economy has  weathered sharp drops in asset prices well so far but could  face a slowdown if market volatility continues, central bank  chiefs from key developing nations said on Saturday.
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BHP Billiton, Australia&#39;s biggest oil and gas producer, said a second appraisal well at its Shenzi discovery in the Gulf of Mexico found oil, increasing the likelihood the field can be commercially developed.
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Record oil prices are having a limited impact on the global economy but the risk of economic disruption remains high, the head of the International Monetary Fund said Thursday.
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The global economy is expected to log solid growth this year and next, although elevated energy prices and inflation hover as risks, the chief of the International Monetary Fund said Tuesday.