HONG KONG/PERTH - The cost of Royal Dutch Shell and PetroChina's Australian joint venture LNG may rise as much as 50 percent from initial estimates, which could force the companies to delay development, a source close to the project said on Friday. Arrow LNG is one of four on Australia's east coast that aim to pump gas from coal seams to export facilities. The estimated investment for

Asian markets ended higher, with Chinese banks and coal miners fueling the rise on the back of strong earnings; Hong Kong's Hang Seng gained 1.7%.

Hong Kong stocks lead a broad rally for Asian markets, with mainland Chinese banks and coal miners fueling gains on the back of strong earnings.

China Technology Development Group Corporation (Nasdaq:CTDC) ("CTDC" or the "Company"), a growing clean energy group that provides solar energy products and solutions, based in Hong Kong with sales office in Frankfurt, and facilities in China today announced that the Company has filed its Annual Report on Form 20-F for the year ended December 31, 2011 with the United States Securities and Exchange Commission. The Annual Report on Form 20-F can be accessed on the investor relations section of the Company's website at http://www.chinactdc.com.

Rescue workers wear white environmental suits at Tung Ping Chau Island during the Daya Bay Contingency Plan exercise in Hong Kong on April 26, 2012.

SHANGHAI/HONG KONG - To foreign bondholders of Fosun International, concerns seem to be growing around the business prospects of the Chinese industrial conglomerate. Related Stories POSCO Q1 profit drops on weaker demand IMI sales up on power, nuclear market growth FTSE ticks lower in early deals Rotork orders rise on growth in gears business JC Flowers-backed UK bank aims to double in

Sinopec and ENN Energy Holdings are tethered together like uneven partners in a three-legged race since announcing a $2.2 billion offer for Hong Kong-listed China Gas in December.

Hong Kong - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production-sharing contract (PSC) with Eni China B.

TOKYO/HONG KONG - Japanese trading houses will cut Iranian crude imports from April, industry sources said on Tuesday, in the latest sign that Western sanctions are curbing the flow of Tehran's oil to its biggest customers in Asia.