China Sinopec 1H Net Rises 51% To CNY16.15 Billion
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HONG KONG (Dow Jones)--China Petroleum &amp; Chemical Corp. (SNP), China&#39;s second-largest oil producer, said its first-half net profit rose 51%, on increased domestic demand and higher oil prices.
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China raises interest rates in a move to dampen inflation and stop the economy overheating.
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Oil prices hit a one month-high of $47 a  barrel on Tuesday as China showed no let-up in its strong  import growth and traders worried that U.S. petroleum  inventories had drawn down heavily due to Hurricane Ivan.
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According to "Tehran Times", National Petrochemical Company (NPC) production will hit 15 million tons by March 2007. This indicates a threefold rise in production over the past 15 years.
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HONG KONG: China Petroleum &amp; Chemical Corp (Sinopec), Asia&#39;s largest oil refiner, confirmed yesterday that it would spend HK$3.846 billion (US$494 million) to privatize its subsidiary
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Asia's top oil refiner, state-run  Sinopec Corp., said on Monday its second-quarter net profit  almost doubled as China's fast-growing economy consumed more  fuel and crude oil prices climbed.
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China Telecom Corp., the listed arm of the nation&#39;s biggest fixed-line operator, said first-half profit rose 28 percent after it added networks and secured more users for a service that competes with mobile-phone companies.
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China&#39;s largest cell phone service provider, China Mobile (Hong Kong) Ltd., reported a 7.8 percent jump in first-half profits Wednesday as its number of subscribers rose by 23 percent.
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HONG KONG China Unicom, the smaller of the nation&#39;s two mobile phone companies, said Thursday that first-half profit rose about 18 percent from a year earlier after buying networks from its parent.
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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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SYDNEY, Australia (CNN) -- The world&#39;s largest diversified miner, BHP Billiton, has lifted net profit more than 80 percent to a record $3.51 billion on increased output for eight major products.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in a  surprise move that was the boldest so far aimed at guiding a  heated economy onto a path of slower growth.
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Crude oil futures rose to a record $55.45 a barrel in New York after a report that the Chinese economy grew more than expected. Oil&#39;s rally lifted heating oil to a record and natural gas to a 20-month high.
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China&#39;s annual economic growth surged  to an 11- year high of 11.9 percent in the second quarter,  cementing expectations for tighter policy to keep the world&#39;s  fastest-growing major economy from overheating.
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HONG KONG (Dow Jones)--China Petroleum &amp; Chemical Corp. (SNP), the country&#39;s second-largest oil and gas producer, Monday reported a 51% jump in first-half earnings and said it plans to boost its refining capacity by about one-fifth over three years.
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First-half earnings of Shanghai Petrochemical plunge    HONG KONG, Aug. 31 (Xinhua) -- The pre-tax profit of Shanghai Petrochemical, an oil refiner under Sinopec, plummeted 97.6 percent to 52.7 million yuan (6.6 million U.S.
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U.S. business productivity rose at a  1.1 percent annual rate in the second quarter but unit labor  costs jumped sharply, according to a government report that  gave the Federal Reserve a final piece of inflationary data as  a pivotal meeting started on Tuesday.