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Hyundai Group's deal to acquire Hyundai Engineering

The Hyundai Group is on the verge of losing the deal to buy a major stake in Hyundai Engineering & Construction (E&C), with its creditors staying dubious on the group's financial status, the creditors said Friday. Creditors of Hyundai E&C seeking to cancel the deal with Hyundai ...

PU production to grow 2.9% in EMEA region

June 28-Production of polyurethane (PU) chemicals and products are set to grow 2.9% to reach 5.8m tonnes over the next four years in the EMEA (Europe, Middle East and Africa) region, according to a report from IAL Consultants. In the EMEA, the largest market is Western Europe, ...

Asian Daily Polyethylene Assessments - 28JUN,2010

p> CFR FE Asia On day (US$/mt) Change HDPE film 1074.00-1076.00 -15.00 LDPE 1324.00-1326.00 0.00 LLDPE 1104.00-1106.00 -35.00

Europe Q3 butadiene contracts settle up by 16% at 480/tonne

LONDON ,June 29-European butadiene (BD) third quarter settlements have been agreed up by ?05/tonne at ?,480/tonne ($1,827/tonne), contract parties said on Tuesday. A sizeable increase over the second quarter contract of ?,275/tonne FD (free delivered) NWE (northwest Europe) was ...

Ford Explorer Gets Soy-Based Cushions

Ford Motor Company announced the 2011 Ford Explorer will feature soy foam in seat cushions and seatbacks. The bio-based polyurethane foam will be one of the new features in the Ford Explorer which goes in to production later this year. The model is also expected to feature a 25 ...

Asian Daily Polyethylene Assessments - 29JUN,2010

p>CFR FE Asia On day (US$/mt) Change HDPE film 1074.00-1076.00 0.00 LDPE 1324.00-1326.00 0.00 LLDPE 1104.00-1106.00 0.00

China's Ethylene Demand May Rise 4.5% a Year Till 2015, Sinopec Group Says

China, the world s fastest-growing major economy, may have a shortfall of ethylene by 2015 as demand growth for the plastic raw material outstrips increases in capacity, according to the nation s top oil refiner. Consumption may rise 4.5 percent a year to 29 million metric tons ...

PetroChina to start Ningxia refinery by end of '11

PetroChina Co, China's second-largest oil refiner, will start production at an expanded Ningxia refinery at the end of 2011, a year later than initially planned, parent China National Petroleum Corp (CNPC) said Tuesday. The 5 million ton-a-year refinery in northwestern China can ...

Mideast Gulf gas shortages spur diesel demand

Surging power consumption in the UAE, exacerbated by a lack of natural gas supplies, has further tightened the Mideast Gulf diesel market. The Mideast Gulf is largely facing a shortage of gas even as the rest of the world sees a supply overhang. While power generation in Abu ...

Chemical production up in Gulf Coast, down in other areas: ACC

Chemical production in the US was up in the Gulf Coast and Ohio Valley regions, according to data released by the American Chemistry Council Friday. Declines were posted in the Northeast, Midwest, Mid-Atlantic, Southeast, and West Coast regions. The Chemical Production Regional ...

Storm will slow BP progress on spill containment

Tropical storm Alex will delay the 25,000 b/d expansion of BP's Macondo well production system by up to a week, the company said today. But BP will continue to collect around 24,000 b/d from the well through two vessels at the site, and it will keep drilling two relief wells to ...

US hot- and cold-rolled coil steel prices continue to fall

Amid more dire short-term forecasts and persistently weak real demand from end-users in North America, the price assessments for US-made hot-rolled and cold-rolled steel coil both fell Friday, according to buyers, traders and sellers surveyed by Platts. CRC was down $15 to a ...

Changqing oilfield crude oil daily output exceeds 50,000 tons

June 30, PetroChina Changqing Oilfield Company announced its Changqing Oilfield has reached a daily crude oil output of 50,000 tons, a major lift from the previous production capacity. Changqing Oilfield, China's second largest oilfield after Daqing Oilfield, is expected to ...

Oil firms may find BP asset race tough

Chinese oil companies may find it tough to convert the potential opportunities that may arise when BP Plc decides to divest some of its assets into actual deals, analysts said on Tuesday. Domestic companies will have to evaluate the deals cautiously if they want to benefit from ...

Shanghai to build 400 E-car charging stations

The Shanghai government will build 400 charging stations for electric vehicles this year, China Business News said, citing Liu Jianhua, an official in charge of promoting alternative-energy vehicles in the city. The city government will add SAIC Motor Corp's hybrid vehicles, ...

MIT study urges US gas industry to back price on carbon emissions

The natural gas industry should start backing a price on carbon emissions, the head of a Massachusetts Institute of Technology study on the future of natural gas said Friday. While the two-year study found that US gas consumption will nearly double to 40% by 2050 without a carbon ...

Polish election favorite sees shale gas impact on Russian imports

Poland could seek to obtain a get-out clause in its new gas supply agreement with Russia to take into account the possible impact of Polish shale gas production, the favorite to become Poland's next president, Bronislaw Komorowski, said Sunday. Komorowski was speaking during a ...

China oil growth forecasts too bullish: Fesharaki

June 10, 2010 - Forecasts of a never-ending rise in Chinese demand growth are not taking into account a Chinese government that is determined to rein in those increases, according to a leading analyst of the Asia-Pacific region. Fereidun Fesharaki, chairman and CEO of the FACTS ...

US files with Appeals Court for stay on moratorium injunction

The US government on Friday filed a request with the 5th Circuit Court of Appeals to stay a lower court's injunction against a six-month deepwater drilling moratorium. "The district court committed legal error and abused its discretion in issuing its preliminary injunction order,...

Gulf source says oil market in good shape

The current oil market is "in good shape" and no significant price movements are expected in a stable market if there are no unexpected developments such as a hurricane in the US Gulf or other events that could impact oil prices, a Gulf source said Sunday. "Prices are not ...

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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