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EIB loans ?4m to Croatian plastics company

April 23 - The European Investment Bank (EIB) is lending ?4m to Croatian plastics company Dina Petrokemija to upgrade an existing vinyl chloride monomer plant and construct a new plant for the production of polyvinyl chloride (PVC). This expansion is designed to help the company ...

Shanghai's new energy vehicle output to reach 30 bln yuan

The output of new energy vehicles in Shanghai will reach 30 billion yuan (US$4.41 billion) by 2012, municipal authorities said Sunday. Further, Shanghai will build 25,000 charging stations for battery or hybrid power new energy vehicles by 2012, said Wang Zhe, an official with ...

China's auto makers reject 'excess capacity' warning

Executives from China's auto makers Sunday rejected an official warning that unchecked growth in the industry was leading to excess capacity and could harm the wider economy. Chen Bin, an official with the National Development and Reform Commission, China's top economic planner, ...

US ABS imports grow amid extended domestic FM

HOUSTON, April 21 - Asian acrylonitrile-butadiene-styrene (ABS) imports are growing in the US as forces majeures (FM) keep domestic producers sidelined, sources said on Wednesday. ABS shipments arriving on the west coast were offering at least temporary relief to US buyers who ...

Unchecked auto industry growth could harm economy

Unchecked expansion of China's auto industry encouraged by local authorities could harm the wider economy, a central government official said Saturday, warning excess capacity must be "resolutely" stopped. Although China surpassed the United States to become the world's biggest ...

US PP buyers expect May drop to erase April rise, and more

HOUSTON, April 22-US polypropylene (PP) prices were headed for a significant drop in May, pressured by weaker feedstock propylene values, resin buyers said on Thursday. Expectations among PP converters ranged from a 7-10 cent/lb ($154-220/tonne, or ?16-165/tonne) drop in May, ...

GM China's auto sales up 19.2% in August

GM China, the Chinese subsidiary of U.S. carmaker General Motors, said Thursday its auto sales in August in China rose 19.2 percent from a year earlier to 181,625 units. The August figure brought sales in the first eight months of the year to about 1.57 million units, up 41 ...

Eastman seeks buyer for 'challenging'PET business

April 26-Eastman Chemical is considering the sale of its PET business, the flagship material that has been its most recognisable product for more than 30 years. In a brief news release issued 23 April, officials with Tennessee-based Eastman said that the firm "will review ...

Capital performance for niche plastics products group

April 26 -Plastics Capital, the niche plastics products group, has announced that trading continues to improve and that it currently expects performance for the full year to 31 March 2010 to be in line with market expectations. Sales concluded the year strongly and order books ...

Oil dips on stronger dollar, jobless data

NEW YORK ,April28 - Oil prices dipped on Thursday as a rising dollar and increase in weekly jobless claims offset a surprise draw in US crude inventory. Light, sweet crude for May delivery fell 33 cents to settle at $85.51 a barrel on the New York Mercantile Exchange. Oil prices ...

Chinese auto sales rebound

Auto sales in China rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand. Sales in the world's biggest car market rose 55.7 percent over a year earlier to 1.21 million vehicles, up from 1 million vehicles the month before, the ...

Passenger car sales increase 59.26% in August

China's passenger car sales in August increased 59.26 percent from one year earlier to 977,300 units, the China Automotive Technology and Research Center (CATRC) said Wednesday. The growth rate was 43.83 percentage points higher compared with that in July, the Tianjin-based CATRC ...

Technical plastics help Carclo to robust performance

April 26 -Carclo has traded broadly in line with market expectations since its interim management statement in February, according to a company statement. The plastics technology firm also revealed that it enjoyed a stronger second half performance . Overall debt has been reduced ...

GM to localize Volt if demand picks up

The Chevrolet Volt, GM's electric plug-in vehicle, "will be locally produced in China" if there is sufficient market demand, said a Shanghai GM executive on Tuesday. "Local production of the Volt won't be a problem, in terms of technology. However, we need positive market ...

Green revolution hits auto industry

At the World Expo 2010 Shanghai, the joint pavilion of General Motors and its Chinese partner Shanghai Automotive Industry Corp is proving to be one of the most popular of industrial showcases. Every day, visitors from all over the world stand in line for up to three hours to get ...

Oil dips below $85; Greece worries, supplies weigh

April 26 -U.S. crude for June delivery settled at $84.20 a barrel, down 92 cents, after settling up $1.42 on Friday. The front-month contract for London ICE Brent crude settled down 42 cents at $86.83 a barrel, after rising to $87.75 earlier, the highest price since early October ...

Chemical M&A set for major rebound in 2010-US analyst

NEW YORK, April 26 -Chemical industry merger and acquisition (M&A) activity is set for a major rebound in 2010, driven by pent-up demand from cash-rich companies, a US analyst said on Monday. Strategic buyers, armed with balance sheets flush with cash, are seeking ways to ...

Oil retreats as Greece concern boosts dollar

NEW YORK, April 26 - Oil prices retreated toward 84 U. S. dollars a barrel on Monday as Greece debt worries sent the dollar rising. Oil fell for the first time in five days on Monday. On Friday, Greece announced that it would tap a multi-billion-dollar rescue plan that was ...

Ford recalls 462,750 minivans

Ford Motor Co. is recalling 462, 750 1998-2003 Ford Windstar minivans over concerns that rear axles could corrode and fail, Detroit News reported Friday. The recall covers vans sold or registered in 21 "Salt Belt" states (including Michigan) and Washington, D.C., over concerns ...

Russian president calls for deepening energy ties with Norway

OSLO, April 26 - Russian President Medvedev Monday called for deepening relations with Norway through energy cooperation. Addressing a group of business people in Oslo, Medvedev said that his country will count on the further deepening of what he called a strategic partnership in ...

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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