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Borealis appoints Alfred Stern to head its Innovation and Technology programme

Borealis announced the appointment of Alfred Stern as Vice President (VP) for Innovation and Technology, effective June 1, 2008. He will be succeeding Wim Roels, who assumes leadership of the company's Moulding business, and be based at the company's Innovation Headquarters in ...

Lawmaker introduces crude oil manipulation bill

WASHINGTON - U.S. lawmakers in the House of Representatives on Thursday unveiled legislation that would require federal energy market regulators to oversee all over-the-counter crude oil trading, including action on overseas exchanges like the IntercontinentalExchange. Rep. Bart ...

Head of top US oil, gas lobbying group to retire

WASHINGTON - The head of the U.S. oil and gas industry's main lobbying group, the American Petroleum Institute, on Thursday said he will retire later this year. Red Cavaney, who has served as president and chief executive officer of the group since 1997, will step down in ...

Imperial Oil says oil sands permit may come soon

CALGARY/OTTAWA - A key water-use permit allowing construction of Imperial Oil Ltd's (IMO.TO: Quote, Profile, Research) C$8 billion ($7.8 billion) Kearl oil sands project in northern Alberta could be reissued as soon as Friday, a spokesman for the company said. Canada's federal ...

Air travel hard hit by rising oil price

BEIJING -- Rising international airfares, mainly due to escalating fuel prices, are forcing big businesses to cut down on executive travel and small ones to cancel all overseas trips. Lang Junxiong, owner of a small manufacturing company in Jinhua, Zhejiang province, said he used ...

Oil still ripe for investment: Barcap

LONDON - Oil, which hit a record above $135 in May, will stay strong and should provide an investment opportunity for the foreseeable future, a managing director at Barclays Capital (BARC.L: Quote, Profile, Research) said on Thursday. The bank, which has taken a consistently ...

Oil prices rebound as dollar drops on Europe rate comment

NEW YORK -- Crude futures surged back above 128 U.S. dollars a barrel Thursday as the dollar dropped against the euro on European Central Bank's statement of possible interestrates rise. Light, sweet crude for July delivery rose 5.49 U.S. dollars to settle at 127.79 dollars a ...

Extreme market vexes US base oil buyers

HOUSTON (ICIS news)--Extreme market circumstances prompted US Group II paraffinic base oils producer Chevron to step out with two hikes for posted prices just days apart, buyers said on Wednesday. Chevron is the only company to have ever adjusted postings twice within one week in ...

Thermo Fisher Scientific Strengthens Presence in India with Acquisition of Chemito Technologies

Thermo Fisher Scientific Inc. announced it has acquired the Analytical Technologies and Environment Instrumentation divisions of Chemito Technologies Pvt. Ltd. Headquartered in Mumbai, India, Chemito is the country's largest local supplier of analytical instruments for life ...

Oil prices fall on strong dollar, consumption concern

NEW YORK -- Oil prices fell more than 3 U.S. dollars Tuesday on a strengthening dollar and lower forecasts for global oil consumption. Light, sweet crude for July delivery fell 3.04 dollars to settle at 131.31 dollars a barrel on the New York Mercantile Exchange. The dollar ...

Why oil prices hit a record high above $139

U.S. crude oil last week hit an all-time high of $139.12 a barrel. Prices have rallied from a dip below $50 at the start of 2007 and this year have risen by around 40 percent from $95.98 a barrel at the end of last year. Adjusted for inflation, oil is well above the $101.70 peak ...

Gulf inflation threat mounts as oil hurdles to $150

DUBAI - Oil's rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing U.S. dollar prevent the oil producers from mopping up excess liquidity. As Gulf central bankers prepare for a key meeting in Doha on Monday, ...

Gulf inflation threat mounts as oil hurdles to $150

DUBAI - Oil's rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing U.S. dollar prevent the oil producers from mopping up excess liquidity. As Gulf central bankers prepare for a key meeting in Doha on Monday, ...

Oil price surge not due to supply shortage: Qatar

DUBAI - Speculation on commodities markets caused the oil price surge last week, not any shortage supply shortage, the oil minister of OPEC member Qatar said. Oil soared more than $16 a barrel -- over 13 percent -- in a two-day rally on Thursday and Friday on weakness in the U.S. ...

Oil's record jump defies single explanation

LONDON - Oil's record jump to $139 a barrel at the end of last week defies any single explanation, although some leading analysts and producers predict the price could yet go higher. Crude jumped $10.75 on Friday to $139.12, taking two-day gains to more than $16. Some put the ...

Oil volatile as markets not well supplied: BP CEO

KUALA LUMPUR - Oil prices are unstable because markets are not well supplied, and higher taxes in producing countries are not conducive to investing in new output, the head of energy major BP (BP.L: Quote, Profile, Research) said on Monday. Tony Hayward, CEO of BP, whose Russian ...

Speculation is pushing up oil prices

BEIJING-- Speculation in the world financial market has played an important role in skyrocketing oil prices, among other factors such as supply woes and a weak dollar, analysts said. New York's main oil futures, light sweet crude for July delivery, jumped 10.75 dollars a barrel ...

Canada says no magic solution to record oil prices

MONTREAL - Canadian Finance Minister Jim Flaherty is keeping options open as he heads into a discussion on soaring oil prices at a meeting this weekend of finance ministers from the world's top industrialized countries. Flaherty said on Monday that although he believes markets ...

Alcoa of Australia Declares Force Majeure

As a result of an explosion at Apache Energy's Varanus Island facility, and the disruption of gas supply to its Western Australia facilities, Alcoa of Australia notified its customers that it was declaring force majeure under its alumina supply contracts. The extent of impacts ...

Russian firm to invest $30 billion on gas pipeline project in Nigeria

LAGOS -- A Russian gas company, Gazprom, has concluded plans to invest 30 billion U.S. dollars on developing a new gas transport pipeline project in Nigeria to ensure capacity expansion in the sector and improve the gas sector of the economy, Lagos-based This Day newspaper ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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