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Americas:Mega fertilizer deals spur commodities boom

The United Nations estimates that the world s population will reach 7.7 billion by 2020 and 9.3 billion in 2050. Another United Nations estimate says that only 30% of the arable land in use in the 1950 s will be available per person in 2050. Just when we need more soil to feed ...

Textile shipments to hit record

China's overall textiles export volume is expected to hit an all-time high this year, even a little higher than the levels seen before the financial crisis, despite an estimated growth slowdown in the second half of the year. "Textile exports this year are expected to increase 20 ...

Green vehicle subsidy extended

China will extend subsidies to buyers of fuel-efficient cars next year but will no longer provide handouts to farmers who trade in fuel-guzzling models for new ones, according to a statement from the Ministry of Finance. The government will continue to promote fuel-saving and ...

Asia:Titanium Dioxide to gain on Asia-Pacific demand

Titanium dixode pigment demand in Asia Pacific is expected to grow from 1.79 mn tonnes in 2009 to 2.54 mn tonnes in 2015 registering a compound annual growth rate (CAGR) of 5.9% which will have impact on prices, according TZMI s Pigment Price Forecast, the only independent ...

Middle East:Iran to ship petrochemical to Brazil

As a beginning for diversify the destination market for petrochemical, targeting Africa and South America, Iran will export petrochemical to Brazil soon, said Managing Director of Iran Petrochemical Commercial Company According to Reza Hamzehlou Iran recently exported its first ...

Fast-food prices rise as cost of materials increases

Amid a surge in raw-material costs in China, competition among foreign restaurant chains in the country is turning fiercer, as some increase prices and others carry out special promotions. However, experts said improvements in the taste and quality of the food are the most ...

China's PMI of manufacturing sector drops to 53.9% in December

The Purchasing Managers Index (PMI) of China's manufacturing sector dropped to 53.9 percent in December, down 1.3 percentage points from November, the China Federation of Logistics and Purchasing said Saturday. The figure marked the 22nd straight month that the index was above ...

Machinery sector may cool in step with economy

China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, ...

China Eastern Airlines to buy 50 Airbus planes

China Eastern Airlines, one of the country's three flagship flights, said on Thursday it will purchase as many as 50 Airbus A320 planes at a cost of $3.2 billion to meet the rising demand of Chinese travelers. The airliners said in a statement that the aircrafts would be ...

Asia: China's Sanyuan to start up new PP line at Shaoxing by year end

p>China's Zhejiang Shaoxing Sanyuan Petrochemical plans to start up its new polypropylene line at its plant at Shaoxing, in Zhejiang province, at the end of this year, a company source said Thursday. Sanyuan currently owns a 240,000 mt/year PP plant at Shaoxing and the new line, ...

Consumers, flour makers divided over adding of food additive

China's Ministry of Health said in a statement Thursday that consumers and flour producers are divided on whether to continue mixing a food additive to flour to make it appear more white. Consumers have almost unanimously agreed to stop using benzoyl peroxide, a food additive ...

Americas: US November propylene contracts slated to fall 3-4 cents on spot

p>US propylene contracts were expected to fall in November, tracing lower spot values, sources told Platts this week. Participants anticipated that November contract prices could fall by as much as 3-4 cents/lb, given the delta between spot and contract. October spot PGP was last ...

VODone buys 70% of 3GUU

VODone Ltd, a Chinese online video portal, announced Thursday that it will buy a majority stake in a domestic mobile game developer, in order to break into the smartphone games market. VODone and its investment subsidiary Action King signed the formal agreement with the major ...

Europe: NWE steam cracker margins fall for the third consecutive month

p>Contract cracker margins in North-west Europe continued to be pulled down by high feedstock naphtha prices, pressing producers to increase November contract prices of ethylene. Average October cracker margins assessed at Eur92.88/mt ($128.574/mt) on Thursday were down 45% from ...

Stricter dairy import regulations drafted

Domestic buyers will be responsible for recalling unsafe dairy products imported from overseas and for making the recall information public, a draft regulation has proposed. The regulation, proposed by the General Administration of Quality Supervision, Inspection and Quarantine ...

Americas: US FERC halts ban on buy/sell deals on intrastate gas lines

p>The US Federal Energy Regulatory Commission on Thursday halted its ban on so-called buy/sell transactions by intrastate natural gas pipelines while it studies whether the companies should be allowed to offer their capacity to others. A group of 10 major gas marketers protested ...

China H1 crude steel output grows 21%

China's crude steel output in the first half of the year hit 323 million tonnes, up 21.09 percent year on year, sparking concern about increases in inventory and second half production. Crude steel output per day in the first half averaged 1.7855 million tonnes, up 14.77 percent ...

Big year ahead for global mining, basic material IPOs

Global initial public offerings (IPOs) by mining and basic material companies may reach a record next year, after the biggest gain of any industry in 2010, as China and India drive up metal prices and attract investors. Mining, chemical, and heavy industry IPOs jumped to $30.3 ...

Europe: EU15 household power and gas prices continue upward trend

p>Household electricity prices increased for the fourth consecutive month and domestic gas prices for the sixth across the EU15's capital cities, according to data released Friday. The Household Energy Price Index, calculated by Austria's E-Control and Finland's VaasaETT, stands ...

Online shoe retailer finds the right fit

When it comes to shoes, Bi Sheng, the founder of Letao.com - an online shoe store equivalent to the popular US-based Zappos.com - is not short of words. The 36-year-old, who used to be a marketing director at Baidu Inc, China's largest search engine, is among a new breed of ...

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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