OPEC decided last month to maintain its production unchanged at 30 million barrels per day, which led to a slump in oil prices.
The move would raise the valuation of China's top smartphone seller to above US$45 billion.
Michelin-star food and vintage champagne: airlines are pulling out all the stops to cater to their top-tier passengers' tastes, as they seek a larger slice of the highly profitable market.
The flotation of one of Wanda Group's subsidiaries this week will propel property billionaire Wang Jianlin back up the table of fortune, after being displaced as China's richest man this year by Internet entrepreneur Jack Ma.
Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals.
China will provide more than US$11.5 billion in loans and aid to neighbouring Cambodia, Laos, Myanmar, Thailand and Vietnam, mostly for infrastructure and industrial capacity building, state media said.
The deal, which would create a firm controlling nearly one third of the domestic market, would see Showa Shell's largest shareholder, Anglo-Dutch oil major Royal Dutch Shell, selling shares in a tender offer.
The cancellation of The Interview has significantly escalated the potential losses of the cyberattack on Sony Pictures, says an expert from SSP Blue cybersecurity consultancy.
No one expects the United States to launch a military strike against a nuclear-armed provocateur, but sanctions against North Korea's tiny economy or cyber attacks on its ramshackle Internet would achieve little.
The dollar on Friday (Dec 19) continued its upward lurch after Wednesday's US Federal Reserve meeting added to expectations that the US central bank will raise interest rates before other central banks.