<?xml version="1.0" encoding="UTF-8" ?><?xml-stylesheet title="XSL_formatting" type="text/xsl" href="/RSS2/RSS_XSL.xsl"?><rss version="2.0"><channel><title>Asia Business and Finance News</title><link>http://www.abnnewswire.net/rss2/press_rss_20.asp</link><description>Asia Business News Company News - English</description><language>en-us</language><copyright>Copyright 2009, ACN Newswire</copyright><managingEditor>newsroom@abnnewswire.net (Asia Business News)</managingEditor><webMaster>newsroom@abnnewswire.net (Asia Business News)</webMaster><pubDate>Fri, 3 July 2009 09:54:22 +1100</pubDate><lastBuildDate>Fri, 3 July 2009 09:54:22 +1100</lastBuildDate><image><title>Asia Business and Finance News</title><url>http://www.abnnewswire.net/images/abnlogo.jpg</url><link>http://www.abnnewswire.net/rss2/press_rss_20.asp</link><width>60</width><height>19</height><description>Asia Business News</description></image><item><title>Yip's Chemical Holdings Limited (HKG:0408) Announces 2008/09 Annual Results</title><link>http://www.abnnewswire.net/press/en/60992/Yip's_Chemical_Holdings_Limited_(HKG:0408)_Announces_2008/09_Annual_Results.html</link><description><![CDATA[ Yip's Chemical Holdings Limited (HKG:0408)(PINK:YIPCF)("Yip's Chemical" or the "Group"), one of the largest manufacturers of petrochemical products in China, announced its 2008/09 annual results for the year ended 31 March 2009.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60992_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60992/Yip's_Chemical_Holdings_Limited_(HKG:0408)_Announces_2008/09_Annual_Results.html</guid><pubDate>Fri, 3 July 2009 09:35:30 +1100</pubDate></item><item><title>PO Valley Energy Limited (ASX:PVE) Commences Drilling Sillaro-2 Gas Production Well</title><link>http://www.abnnewswire.net/press/en/60993/PO_Valley_Energy_Limited_(ASX:PVE)_Commences_Drilling_Sillaro-2_Gas_Production_Well.html</link><description><![CDATA[ The Sillaro-2 production well, at PO Valley Energy Limited's (ASX:PVE) Sillaro gas production field, was spudded today following mobilisation of the drilling equipment to the field. Italian-based Perazzoli Drilling, employing a 200 tonne capacity HH200 hydraulic rig, has been contracted for the Sillaro-2 well.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60993_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60993/PO_Valley_Energy_Limited_(ASX:PVE)_Commences_Drilling_Sillaro-2_Gas_Production_Well.html</guid><pubDate>Fri, 3 July 2009 09:33:42 +1100</pubDate></item><item><title>Kingsoft Corporation Limited's (HKG:3888) WPS Office Achieved Great Success in Japan Market Taking the Second Largest Market Share</title><link>http://www.abnnewswire.net/press/en/60991/Kingsoft_Corporation_Limited's_(HKG:3888)_WPS_Office_Achieved_Great_Success_in_Japan_Market_Taking_the_Second_Largest_Market_Share.html</link><description><![CDATA[ Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKG:3888), China's leading entertainment and applications software developer, distributor and service provider in terms of market share, announced today that its office software, Kingsoft WPS Office, is well received among Japanese users, and it is awarded as "Rakuten Most Valuable Professional Office Software in 2009 1H" by Rakuten, the largest e-commerce platform in Japan, indicating Kingsoft's WPS Office's success in Japan.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60991_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60991/Kingsoft_Corporation_Limited's_(HKG:3888)_WPS_Office_Achieved_Great_Success_in_Japan_Market_Taking_the_Second_Largest_Market_Share.html</guid><pubDate>Thu, 2 July 2009 19:15:24 +1100</pubDate></item><item><title>Australian Market Report of July 2: Encouraging US Data</title><link>http://www.abnnewswire.net/press/en/60990/Australian_Market_Report_of_July_2:_Encouraging_US_Data.html</link><description><![CDATA[ The Australian shares yesterday started the new financial year with a significant fall led by financial and resources stocks. The benchmark S&P/ASX200 index lost 80.9 points, or 2.05 per cent, to 3874 points, while the broader All Ordinaries index was 75.5 points, or 1.91 per cent lower, at 3872.3 points. ]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60990_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60990/Australian_Market_Report_of_July_2:_Encouraging_US_Data.html</guid><pubDate>Thu, 2 July 2009 13:00:08 +1100</pubDate></item><item><title>Stirling Resources Limited (ASX:SRE) Recapitalisation Proposal Accepted By Monarch Creditors</title><link>http://www.abnnewswire.net/press/en/60989/Stirling_Resources_Limited_(ASX:SRE)_Recapitalisation_Proposal_Accepted_By_Monarch_Creditors.html</link><description><![CDATA[ Australian resources developer, Stirling Resources Limited (ASX:SRE), announced that at a meeting of the creditors of the various Monarch companies, creditors approved the resolutions necessary to vary the Deeds of Company Arrangement to accept the Recapitalisation proposal offered by Stirling Resources Ltd.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60989_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60989/Stirling_Resources_Limited_(ASX:SRE)_Recapitalisation_Proposal_Accepted_By_Monarch_Creditors.html</guid><pubDate>Thu, 2 July 2009 11:18:03 +1100</pubDate></item><item><title>Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 1 July 2009</title><link>http://www.abnnewswire.net/press/en/60988/Beach_Petroleum_Limited_(ASX:BPT)_Weekly_Drilling_Report_Week_Ending_1_July_2009.html</link><description><![CDATA[ Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 1 July, 2009.  ]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60988_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60988/Beach_Petroleum_Limited_(ASX:BPT)_Weekly_Drilling_Report_Week_Ending_1_July_2009.html</guid><pubDate>Thu, 2 July 2009 10:47:28 +1100</pubDate></item><item><title>Marion Energy Limited (ASX:MAE) Senior Secured Credit Increased to US$42 Million</title><link>http://www.abnnewswire.net/press/en/60987/Marion_Energy_Limited_(ASX:MAE)_Senior_Secured_Credit_Increased_to_US$42_Million.html</link><description><![CDATA[ Marion Energy Limited (ASX:MAE)(PINK:MAEJF) advises that its existing Senior Secured Credit Facility held with its bankers has been increased by US$ 6 million to a total of US$ 42 million. The total facility has been renewed until 30 September, 2009 and is secured by the Company's assets, including its Utah and Oklahoma projects. The increase is fully available.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60987_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60987/Marion_Energy_Limited_(ASX:MAE)_Senior_Secured_Credit_Increased_to_US$42_Million.html</guid><pubDate>Wed, 1 July 2009 15:08:20 +1100</pubDate></item><item><title>WestSide Corporation Limited (ASX:WCL) Books Maiden Gas Reserves at Bowen Basin</title><link>http://www.abnnewswire.net/press/en/60984/WestSide_Corporation_Limited_(ASX:WCL)_Books_Maiden_Gas_Reserves_at_Bowen_Basin.html</link><description><![CDATA[ WestSide Corporation Limited (ASX:WCL) is pleased to announce the certification of its first coal seam gas (CSG) reserves at its Tilbrook and Paranui pilots in Queensland's Bowen Basin.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60984_02_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60984/WestSide_Corporation_Limited_(ASX:WCL)_Books_Maiden_Gas_Reserves_at_Bowen_Basin.html</guid><pubDate>Wed, 1 July 2009 13:30:30 +1100</pubDate></item><item><title>Australian Market Report of July 1: Confidence Declined Unexpectedly</title><link>http://www.abnnewswire.net/press/en/60983/Australian_Market_Report_of_July_1:_Confidence_Declined_Unexpectedly.html</link><description><![CDATA[ Yesterday the Australian market concluded the last day of the financial year higher, led by energy and retail sectors. The benchmark S&P/ASX200 index gained 68 points, or 1.75 per cent, to 3954.9 points, while the broader All Ordinaries index was up 65.1 points, or 1.68 per cent, to 3947.8 points. The ASX200 has posted four consecutive months of gains.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60983_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60983/Australian_Market_Report_of_July_1:_Confidence_Declined_Unexpectedly.html</guid><pubDate>Wed, 1 July 2009 13:00:30 +1100</pubDate></item><item><title>Environmental Clean Technologies Limited (ASX:ESI) Enters Into An Agreement With Maddingley Group To Extend Its Matmor Milestones</title><link>http://www.abnnewswire.net/press/en/60986/Environmental_Clean_Technologies_Limited_(ASX:ESI)_Enters_Into_An_Agreement_With_Maddingley_Group_To_Extend_Its_Matmor_Milestones.html</link><description><![CDATA[ Environmental Clean Technologies Limited (ASX:ESI) wishes to advise it has entered into an agreement with the controller of the Matmor technology (the Maddingley Group) to extend the milestones for the development and construction of the first Matmor plant to the end of 2014. This is important because the milestones need to be achieved to secure ECT's rights.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60986_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60986/Environmental_Clean_Technologies_Limited_(ASX:ESI)_Enters_Into_An_Agreement_With_Maddingley_Group_To_Extend_Its_Matmor_Milestones.html</guid><pubDate>Wed, 1 July 2009 12:12:57 +1100</pubDate></item><item><title>Galaxy Resources Limited's (ASX:GXY) Acquisition Of Mt Cattlin Tenement Extension</title><link>http://www.abnnewswire.net/press/en/60985/Galaxy_Resources_Limited's_(ASX:GXY)_Acquisition_Of_Mt_Cattlin_Tenement_Extension.html</link><description><![CDATA[ Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) today announced it has signed a 100% purchase agreement for a block of tenements north of Mt Cattlin resource from Vistarise Limited for A$100,000. The tenement block, which includes E74/400, P74/307 and P74/308 is contiguous with Galaxy's Mt Cattlin tenements as well as Galaxy's Mining Lease application M74/197.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60985_02_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60985/Galaxy_Resources_Limited's_(ASX:GXY)_Acquisition_Of_Mt_Cattlin_Tenement_Extension.html</guid><pubDate>Wed, 1 July 2009 11:46:07 +1100</pubDate></item><item><title>Installation Starts On PO Valley Energy Limited's (ASX:PVE) First Production Field</title><link>http://www.abnnewswire.net/press/en/60981/Installation_Starts_On_PO_Valley_Energy_Limited's_(ASX:PVE)_First_Production_Field.html</link><description><![CDATA[ PO Valley Energy Limited (ASX:PVE) announced today the commencement of installation works on the Castello production field east of Milan. The Italian contractor, Semat SpA, have commenced site activities today and expect to complete the civil works and plant installation within a target four-month schedule.]]></description><author>newsroom@abnnewswire.net (Asia Business News)</author><category>Asia Business News - Company Press Releases</category><enclosure url="http://www.asiacorpnet.com/topimg/en/60981_01_t.jpg" length="13532" type="image/jpeg"  /><guid isPermaLink="true">http://www.abnnewswire.net/press/en/60981/Installation_Starts_On_PO_Valley_Energy_Limited's_(ASX:PVE)_First_Production_Field.html</guid><pubDate>Wed, 1 July 2009 09:59:03 +1100</pubDate></item></channel></rss>