Price controls hurt China refiner

US global power 'set to wane'
American dominance is likely to weaken by 2025 as India and China grow stronger, a new US intelligence report says.

HP's profits exceed expectations
The world's biggest PC maker, Hewlett-Packard, has revealed better-than-expected net profit in the fourth quarter.

China moves to stem mass layoffs
Chinese companies are told they need permission to fire more than 40 workers, in a sign of worry over rising unemployment.

Asia slumps amid bail-out U-turn
Stock markets across Asia follow Wall Street down as the US signals a shift in policy on its $700bn bail-out package.

Chinese trade surplus hits record
China's trade surplus hits a new record at $35.2bn in October, while separate data showed inflation hit a 17-month low.