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Crude drops for third day on recession concern

NEW YORK, Jan. 11 (Xinhua) -- Crude-oil futures dropped for a third consecutive day on Friday and closed below 93 dollars a barrel on worries that the U.S. economy is sliding into recession. Light, sweet crude for February delivery fell 1.02 dollars to settle at 92.69 dollars a ...

Carotenoid Lycopene from BASF blocks age-related prostate enlargement

Taking BASF lycopene capsules (LycoVit ) prevents age-related prostate growth in men, concludes a clinical trial published in the January 2008 edition of The Journal of Nutrition . Age-related benign prostate enlargement, also known as benign prostatic hyperplasia (BPH), is a ...

Nova Chemicals to boost PE capacity in Canada

10 January 2008 - Nova Chemicals is to commit $80m (Euro55m) to an expansion of its polyethylene capability under a two year programme covering plants in the Sarnia area, in Ontario. The Canadian group will add a total of 115,000 tonnes a year of capacity as a result of the ...

Eastman Announces Higher Fourth-Quarter 2007 Earnings Expectation

KINGSPORT, Tenn., January 10, 2008 Eastman Chemical Company (NYSE:EMN) today announced that fourth-quarter 2007 earnings per share excluding gains and costs related to previously announced strategic decisions and actions are expected to be above the high end of the current range ...

RMA to co-sponsor conference on gound rubber recycling

Washington, D.C. -- The Rubber Manufacturers Association (RMA), Asphalt Rubber Technology Service at Clemson University and the California Integrated Waste Management Board (CIWMB) will sponsor the 2nd Annual Scrap to Profit -- Using Ground Rubber in Rubber and Plastic Products, ...

New method for developing mechanically-reinforced polymer nanocomposites

Scientists have developed a new method for developing mechanically-reinforced polymer nanocomposites at Case Western Reserve University. In this new approach, the team used a process in which the reinforced nanoparticles are first assembled into a three-dimensional network ...

JGC to design and build petrochemical plants in Saudi Arabia

Japan's JGC Corp plans to set up a wholly owned unit to design and build petrochemical plants in Saudi Arabia. JGC will be the first major plant engineering company in the world to totally undertake plant construction projects, including designing, in the Middle East. The company ...

Crude ends down nearly $2 on recession concerns

NEW YORK, Jan. 10 (Xinhua) -- Crude-oil futures closed down nearly 2 dollars on Thursday as worries intensified that an economic slowdown in the United States may spread to other major economies and depress the world's demand for oil. Crude for February delivery ended down 1.96 ...

U.S. crude oil inventories drop sharply last week

WASHINGTON, Jan. 9 (Xinhua) -- U.S. commercial crude oil inventories plunged more than expected last week, in the eighth consecutive weekly decline, while supplies of gasoline and distillates edged up, the Energy Department reported Wednesday in its weekly inventory survey. In ...

Supreme Petrochem net profit for the quarter jumps

Supreme Petrochem, India's largest manufacturer of polystyrene, has announced a 45.43% jump in net profit for the quarter ended December 2007. During the quarter, profits rose to Rs 71.64 mln as against Rs 49.26 mln in the quarter ended December 2006. Net sales for the quarter ...

PolyOne Completes Acquisition of Ngai Hing PlastChem

15 Jan 2008 - PolyOne Corporation announced that it has completed its previously announced acquisition of the assets and operations of Ngai Hing PlastChem Company Ltd., the vinyl compounding subsidiary of Ngai Hing Hong Company Limited. A subsidiary of Ngai Hing Hong will hold a ...

Rohm and Haas Announces Price Increase for Acrylic Based Emulsions for Packaging and Building Materials in North America

14 Jan 2008 - Rohm and Haas's Packaging and Building Materials business announced a list and off list price increase for all acrylic and styrene acrylic based emulsions sold to the North American pressure sensitive adhesives, textile non-woven, construction, adhesives and ...

Jasco celebrates 50 years in the analytical instrument marketplace

11 Jan 2008 - This year JASCO celebrates its 50th anniversary in the analytical instrumentation market. Founded in 1958 by a group of researchers at the Institute of Optics of Tsukuba University, the company has gone from a small, local company to a global corporation now located ...

Taiwans'largest ethylene plant shut due to pipe leakage

Formosa Petrochemical Corp., has shut Taiwan's largest ethylene plant, in Mailiao on Taiwan's west coast, on account of a pipe leakage,. The No. 3 plant, shut for an estimated one week, has the capacity to produce 1.2 mln tpa of ethylene, using naphtha as feedstock. However, ...

Ukrainian gas supplier UkrGaz-Energo warns of supply disruption

Ukraine's largest natural gas supplier UkrGaz-Energo warned on Thursday that gas supplies in 2008 are at risk of disruption following the government's unexpected move to cancel the company's supply license. UkrGaz-Energo, which was expected to supply 55 billion cubic meters of ...

OPEC oil price continues to drop last week

VIENNA, Jan. 14 (Xinhua) -- After a four-consecutive-week rise, the weekly average oil price of the Organization of Petroleum Exporting Countries (OPEC) dropped to 90.83 U.S. dollars per barrel last week, down by 1.67 dollars from the previous week, the Vienna-based cartel said ...

China's 2nd largest oil field produces 27 mln tons crude oil

BEIJING, Jan. 14 (Xinhua) -- Crude oil output at China Petrochemical Corporation (Sinopec)'s Shengli oil field in 2007 stood at 27.708 million tons, surpassing its annual target, said Sinopec on its website Monday. Shengli, located in eastern Shandong Province, is the country's ...

Iraqi natural gas to be exported to Europe via Turkey

ANKARA, Jan. 12 (Xinhua) -- Turkish Energy and Natural Resources Minister Hilmi Guler said on Saturday Iraqi natural gas with an estimated reserve of 280 billion cubic meters is planned to be exported to Europe via Turkey. The natural gas to be produced is located at five fields ...

China's top alumina maker reports 24% rise in 2007 revenue

BEIJING, Jan. 13 (Xinhua) -- Aluminum Corp. of China (Chinalco) said its 2007 sales revenue rose 24.1 percent to 131.7 billion yuan (18.04 billion U.S. dollars) as it made progress in expanding its business to include copper and acquired large projects overseas. The world's ...

Emergency fuel surcharges hinders Asia to US PET trade

Emergency fuel recovery surcharges have put a dent into the Asia to US PET trade, industry sources said Tuesday. At least two shipping companies were heard to have issued a fuel surcharge of $240 per 20 foot containers for shipping routes from Asia to the US, effective December ...

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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