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Burberry Year Starts Strongly As Sales Rise 27%

U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday reported a strong start to its fiscal year with a 27% rise in first-quarter sales and said it expects to remain unaffected by projected drops in consumer spending. The company said it is not overly concerned about the ...

Heavy buying help wool prices to ascend

The AWEX Regional Indicators finished 3.9% higher, on average, at sales in Sydney, Melbourne and Fremantle last week, when the average AWEX Superfine Micron Prices Guides rose by a further 5 to 9% on top of last week's rises of 5 to 7%. The market is operating independently of ...

Oil soars to 2-year high on cold, weak dollar

The euro rallied versus the dollar after the U.S. government said nonfarm payrolls increased much less than expected and the unemployment rate rose to a seven-month peak. Plunging temperatures in Europe and colder weather in parts of the United States prompted a surge in demand ...

Americas:'Crude Oil may trade in $70-$90 range next year'

Raymond James Oil and Gas Analyst Luc Mageau believes that with relative near-term stability in oil and gas prices, making money in the exploration and production (E&P) space is all about picking the right companies. He covers mostly small players north of the border, especially ...

August NWE paraxylene CP fully settled at Eur745/mt FD NWE

The August Northwest European paraxylene contract price has been fully settled at Eur745/mt ($987/mt) FD NWE, a fall of Eur40/mt from the July CP of Eur785/mt. The settlement was confirmed by consumer Invista and a producer on Friday, who said they had followed an initial ...

China to scrap export rebates despite yuan rise

BEIJING/SHANGHAI (Reuters) - China will scrap tax rebates to exporters of dozens of commodities including key steel products, corn starch, rubber products and ethanol, the finance ministry said, while they also face a rise in the yuan. The decision has disappointed local steel ...

Europe debt crisis takes dent on China

p>The European debt crisis and the plummeting euro are taking a toll in China, as a rapidly strengthening Chinese yuan has eroded the competitiveness of its goods in Europe, the country's largest overseas market. Insiders also said that the dwindling exports to countries like ...

Cognis will not rule out potential takeover after BASF bid talk

LONDON ,May 26-Cognis has not ruled out a possible takeover as it looks at strategic options for the future, the German specialty chemicals producer said on Wednesday, following news reports that BASF had made a bid for the group. On Tuesday, Financial Times Deutschland reported ...

Profits surge for China's listed in 2009

p> It has been a bumper year for China's businesses with around 70 percent releasing annual reports listing staggering profits. The rise in profits for China's listed companies in 2009 was spurred by real estate developers and machine manufacturers thanks to a rebound in the ...

Gold slumps ahead of floor trading closing on weak oil

CHICAGO, Jan. 12 - Gold futures on the COMEX Division of the New York Mercantile Exchange dropped sharply shortly before pit trading closed on Tuesday, catalyzed by falling oil. Silver and platinum both tumbled. The most active gold contract for February delivery lost 22 U.S. ...

GLOBAL MARKETS-Oil, stocks slip after China moves to stem growth

NEW YORK, Jan 12 - Commodity prices slid and stocks slumped around the world on Tuesday after China said it would raise banks' reserve requirements in a move that could damp a recovery from the worst global recession in decades. A weak start to the corporate earnings season in ...

How countries have coped with the oil "curse"

Iraq hopes a petrodollar gush it will uncork by tripling oil output will drag it out of chaos into prosperity, but there is just as much chance the new wealth will fuel fresh conflict. Home to the world's third-largest oil reserves, Iraq also plans to leap to third place among ...

Oil prices climb slightly last week: OPEC

VIENNA, Sept. 14 - The weekly average OPEC oil prices appeared rebound again last week, but in a very small range. It increased by 0.53 U.S. dollars compared to the previous week to 68.09 dollars per barrel, the Vienna-based cartel said Monday. In the first four trading days of ...

Weak oil and imports turn EU biofuel boom to gloom

PARIS - European euphoria over biofuel has ended after slumping oil prices and cheap imports battered the sector last year, while the credit crisis has made the outlook even gloomier. Producers say the fall in oil prices at a far quicker pace than agricultural costs has ...

Czech Unipetrol says Q4 EBIT likely negative

PRAGUE, Feb 4 - The 2008 fourth quarter operating profit (EBIT) at Czech oil refiner Unipetrol (UNPEsp.PR) will likely be negative, the company said in a statement released late on Tuesday. Unipetrol, 63 percent-owned by Poland's PKN Orlen PKNA.WA, has suffered in past quarters ...

OPEC oil prices rebound slightly

VIENNA, Jan. 12 -- The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) rebounded slightly above 40 U.S. dollars per barrel last week to 43.99 U.S. dollars, the Vienna-based cartel said on Monday. The weekly oil prices were 7.70 U.S. dollars per ...

China Merchants Energy Q4 net profit dives 74 pct

SHANGHAI, Jan 17 - Profit at China Merchants Energy Shipping Co (601872.SS), the country's biggest oil carrier, sank 74 percent in the fourth quarter of last year as the shipping market slowed. Net profit tumbled to 34.33 million yuan ($5.0 million) from 132.92 million yuan in ...

It's advantage S.Korea as Asia's oil bill slumps

SINGAPORE - As a combination of plunging commodity prices and declining exports drastically changes Asia's terms of trade, exceptionally weak currencies, such as South Korea's, are likely to see disproportionate benefits. Most of Asia, barring Malaysia and Vietnam, imports huge ...

Chinese economist sees 5-6% yuan rise in 2011

BEIJING - The yuan is expected to rise between 5 and 6 percent this year against the US dollar, Li Daokui, an adviser to China's central bank, was quoted as saying in a local newspaper. "My personal view is that the yuan will rise by 5 to 6 percent this year in a controlled and ...

China says yuan not main cause of Sino-US trade imbalance

BEIJING - The yuan exchange rate is not the main cause of the trade imbalance between China and the United States, the Chinese Foreign Ministry said on Thursday. Ministry spokesman Hong Lei also told a regular news briefing that China was committed to proceeding with yuan ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

world

market

China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

trade

sports

Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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