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Russian ethylene plant bounced in favour of rubber

April 20-Russian petrochemicals manufacturer Nizhnekamskneftekhim (NKNH) is to postpone its project to build a one million tpa ethylene production complex in favour of a synthetic rubber expansion plan. Originally, the polyolefins producer aimed to construct the ?.1bn complex in ...

China faces challenges as auto sales continue to expand

Auto sales in China continued to expand last month, raising the forecast for annual sales to a record 17 million units this year, the China Association of Automobile Manufacturers (CAAM) said Tuesday. Sales of automobiles rose 16.89 percent in September from a year earlier and 24...

US ethylene price plunge opens up C2 arbitrage to Asia

SINGAPORE ,April 29-The recent plunge in US ethylene spot prices is opening up arbitrage opportunities to bring the monomer from the Americas to Asia, traders said on Thursday. Ethylene for May delivery was offered mid-week at 42.00 US cents/lb ($926/tonne, ?04/tonne), representi...

Daimler recalls 9,201 vehicles in China

German luxury auto maker Daimler AG on Tuesday began recalling 9,201 Mercedes-Benz models of Vito and Viano autos in China to fix defective air conditioning systems, China's quality watchdog said on Tuesday. The recalled vehicles included 1,796 units of imported Vito and Viano ...

Rubio's Restaurants switching to recycled PET

PERRIS, CALIF. April 28-West Coast restaurant chain Rubio s Restaurants Inc. has announced its switch to recycled PET containers for its salads, replacing foam containers and giving Global Plastics Inc. of Perris, Calif., a boost in its business. It s a huge breakthrough, said ...

China's auto sales jump 35.97% in 1st 9 months

Auto sales in China rose 35.97 percent from a year earlier to 13.14 million units in the first nine months of this year, the China Association of Automobile Manufacturers (CAAM) said Tuesday. Auto production rose 36.1 percent year on year to 13.08 million units in the same period...

Materials giants post solid first quarter results

April 29-BASF, Bayer MaterialScience and Clariant have all reported encouraging Q1 results although the return of economic instability remains a threat to this nascent resurgence. The Germany-based Bayer Group says it is returning to growth after a difficult 2009 as sales for the ...

Celanese consolidation sees closure of UK acetate plant

April 29-Chemical company Celanese is closing its acetate manufacturing facility in Derby and consolidating production at sites in Belgium, the US and Mexico. "The consolidation is designed to strengthen the company's competitive position, reduce fixed costs and align future ...

China hands out 510 mln yuan in subsidies in Sept. for car program

China's old-for-new car program provided 510 million yuan (about 76.35 million U.S. dollars) in subsidies for vehicle purchases in September, the Ministry of Commerce (MOC) said Saturday. Some 36,000 automobiles were sold under the trade-in program last month, up 50 percent from ...

Crude prices rally on upbeat economic data

NEW YORK, April 29 - Oil prices rallied on Thursday on upbeat U.S. economic data and the hope that Greece is close to a bailout deal. The U.S. Labor Department said initial claims for unemployment benefits dropped 11,000 to a seasonally adjusted 448,000 in the week ended April 24...

Sales of imported luxury cars storming ahead

China's imported auto market continues to flourish with sales of 460,000 in the first seven months of this year. It represents a growth rate of 150 percent compared with the same period of last year. "Imported cars are no longer a poor relation of domestic cars in the Chinese ...

Dairy firm turns profit after 2008 milk scandal

HONG KONG - China Mengniu Dairy Co, the nation's biggest maker of liquid milk, returned to profit in 2009 after sales and margins recovered from a nationwide scandal involving tainted dairy products the year before. Net income was 1.1 billion yuan ($161 million) or 0.681 yuan a ...

China's automakers recall millions of vehicles in 6 years

Chinese automakers recalled a total of 3.94 million vehicles over the past six years, an average of 1,800 units every day, according to a senior official of the country's quality supervision administration. Chen Fei, director of the Defective Products Management Center with the ...

Cereplast makes progress on algae-based plastic

April28-Bioplastics maker Cereplast will commercialise its first grade of algae-based material by the end of the year. The El Segundo, Calif.-based firm also will announce a production deal with a major plastics producer by the end of May, a top Cereplast official said. Cereplast ...

BMW in car recall over brake fault

German automaker giant BMW was recalling nearly 200,000 vehicles in the U.S. over a brake problem that could affect up to 345,000 cars worldwide, a spokesman said in Munich. The spokesman said that BMW of North America had recalled 198,000 vehicles in the U.S. markets after brake ...

Student plastic design awards mark 25th anniversary

April 28-Finalists have been selected in the Design Innovation in Plastics Awards 2010, which is the 25th anniversary year of the awards. Entrants were asked to create plastic product ideas that interpret the theme Refreshing Design and which addressed economic and environmental ...

BUY OR SELL-Will the NYMEX heating oil crack widen more?

TORONTO, April 27 - The NYMEX heating oil crack on Tuesday broke through the $12 a barrel mark for the first time since May last year, unusually widening the the transport fuel's price difference with crude oil after the end of the heating season. The New York Mercantile Exchange...

Oil steady as US gasoline stocks fall

April 28-Gasoline stocks fell unexpectedly in the United States last week even as refineries ramped up operations, the U.S. Energy Information Administration reported in weekly data, a sign of recovering fuel demand in the world's largest consumer. EIA data also showed U.S. crude ...

Foreign companies remain well ahead in China's auto market

China's auto market has taken over the United States as the largest, but doesn't mean domestic automotive companies will catch up with foreign companies anytime soon. "Chinese auto companies have a long way to go before they can compete with large foreign car makers on traditiona...

Lanxess to add third compounding line in Wuxi

SHANGHAI ,April 26-Germany s Lanxess AG continues to boost production capacity at its 4-year-old compounding plant in Wuxi, China, where it makes semi-crystalline thermoplastics. Officials for the Leverkusen-based firm said at the Chinaplas show in Shanghai that Lanxess (Wuxi) ...

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

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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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