Chinese Premier Wen Jiabao calling for a stable energy supply system

Chinese Premier Wen Jiabao is calling for the creation of a stable energy supply system on the global level.

The Premier has made the suggestion at the opening of the 5th World Future Energy Summit in now taking place Abu Dhabi.

Wen Jiaobao is the first Chinese official to have attended the summit.

When addressing the opening ceremony of the summit, Chinese Premier Wen Jiabao pointed out that energy prices would fluctuate due to a number of factors, including the international monetary system, monopoly, and geopolitics.

He is calls for an energy supply system that will help stabilize the world energy market.

The four-day summit is part of Wen Jiaobao's official visit to the United Arab Emirates.

China's VP says to push forward Sino-U.S. cooperation

Chinese Vice President Xi Jinping says China is willing to work with the United States to push forward their cooperative partnership.

Xi Jinping has made the comments at a ceremony in Beijing marking the 40th anniversary of former U.S. President Richard Nixon's historic visit to China.

"China is willing to be candid to the US side, making joint contributions to the peace and development in the Asia-Pacific region and the whole world. At the same time, we hope the US side can cooperate with China based on right judgment and objective analysis towards China's strategic intentions and the chosen development path."

Former U.S. Secretary of State Henry Kissinger has also attended the ceremony.

Kissinger also says the prospect of Sino-U.S. ties aren't likely to change much, though he does note there will be some commotion this year amid the presidential elections in the United States.

No timetable for int'l board: Shanghai mayor

Shanghai's mayor now says there is no timetable for the city to launch its international board, which would allow foreign issuers to sell shares in China.

Mayor Han Zheng says the launch of the board requires timing, and suggests right now is not the optimal time to set it up.

At the same time, though, Han Zheng says the preparation work has been progressing smoothly, and says the city is working with the central government to formulate trading rules and regulations.

Talk of an international board in Shanghai has been circulating since 2009.

Man suspected of murdering Chinese found dead near Rome

One of the two North Africans suspected of murdering a Chinese father and his child in a robbery has been found dead near Rome.

Local media reports are suggesting the suspect hanged himself near a farmhouse on the outskirts of Rome.

Italian police have been on a manhunt for the two suspects, said to be between 20 and 30-years old.

The two are wanted for the murder of a 31-year-old Chinese bar owner and his 9-month-old daughter, who were shot dead outside the Italian capital two weeks ago when the two demanded the bar's takings.

The whereabouts of the second suspect remains unclear.

Huntsman pulls out of presidential race

亨斯邁準備總統競選

Former US ambassador to China, Jon Huntsman, has now quit his campaign for the Republican presidential nomination.

He is now endorsing former Massachusetts Governor Mitt Romney, saying Romney is the "best equipped to defeat Barack Obama."

Huntsman drops out less than a week after finishing third in New Hampshire, where he had basically staked his candidacy.

Pakistani parliament backs PM Gilani

巴基斯坦議會支持首相杰拉尼

Pakistan's parliament has voted to support of Prime Minister Yusuf Raza Gilani's government, bolstering his hopes of political survival amid his government's escalating tensions with the country's military and Supreme Court.

Gilani is describing the vote as "good news for Pakistan".

The country's Supreme Court has ordered Gilani to appear for failing to follow up on graft cases against the president and other officials.

Observers say the court's real target is the country's President, Asif Ali Zardari, who had several allegations of corruption, and even murder, lodged against him back in the 1990s.

Zardari has consistently denied the charges against him, saying they're politically motivated.

Nigeria unions suspend strike after fuel price cut

燃油價格削減停止后尼日利亞工會罷工停止

Unions in Nigeria have now suspended their nationwide strike.

The decision comes hours after President Goodluck Jonathan partially reinstated the fuel subsidies in the country to try to keep petrol prices low.

The move has cut the cost at the pumps to around 60 US cents per liter.

Union leaders are describing this as a victory for labor.

However, many of those who have been protesting want the price to come down to the original 45-cents it was at before the fuel subsidy was removed at the beginning of this year.

The subsequent strikes have paralyzed Africa's second-largest economy.

Africa's most populous nation holds the world's seventh largest gas reserves, but is a net-importer of fuel because of a lack of refining capacity.

Standard & Poor's downgrades EU bailout fund EFSF

標普下調歐盟紓困基金評級

Standard & Poor's has downgraded the EU bailout fund to AA+ from AAA.

The European Financial Stability Facility's rating is based on the ratings of the countries that guarantee it.

S&P's downgrade of France and Austria on Friday means there are not enough AAA rated guarantors for the fund to maintain its top rating.

The downgrade could affect the EFSF's ability to raise money cheaply.

S&P does say the EFSF could regain its AAA rating if it obtains additional guarantees.