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China: Sinopec Guangzhou Petchem to bring on stream 1.6-mil-mt/yr coker in late Nov

Sinopec Guangzhou Petrochemical would bring on stream its newly installed 1.6-mil-mt/yr delayed coker in late November, revealed a company source. With the coker to run at full blast, the refinery's petcoke output would be boosted from the current 50,000mt/month to 90,000mt/month ...

Rizhao told to pay damages

Rizhao Steel Holding Group has been ordered to pay an Australian iron ore miner US$114 million for breaching a long-term iron ore purchase contract in 2008, when the financial crisis slashed commodity prices. Mount Gibson Iron Ltd, the miner, yesterday said an arbitrator decided ...

Govt plans for output losses due to climate change

China has been working to reduce the risk of decreasing grain harvests caused by global warming in coming decades. Estimates placed the losses suffered by 2030 at between 5 percent and 10 percent if climate change continues, Chinese Academy of Agricultural Sciences Deputy Dean ...

Binhai's GDP exceeds Pudong for the 1st time

Tianjin Binhai New Area's Gross Domestic Product (GDP) amounted to 223.13 billion yuan $33.68 billion in the first half of this year, exceeding the 222.66 billion yuan generated by the Shanghai Pudong New Area, the China Business News (CBN) reported Tuesday. This is the first ...

Textile body to enhance innovation

Shanghai established a textile industry association yesterday to enhance competitiveness and boost innovation among the city's garment exporters, which has already attracted 15 leading companies as members. The association, based in the city's Hongqiao area where textile traders ...

China: Power-rationing policy to depress petcoke downstream demand in Q4

p>As the regional governments of Shandong and Henan strengthened the measure of rationing power supply to electricity over-consuming industries to achieve the energy-saving target set in the Eleventh Five-Year Plan (2005-2010), petcoke downstream users like electrolytic aluminum ...

Europe: Evonik sets its Sights on 5 Percent Annual Sales Growth

German acrylics and performance polymers producer Evonik is targeting a 5 percent compound annual growth rate in sales from its polymers business over the next five years, it revealed in a press conference at K 2010. The polymers business, 60 percent of which comprises plastics ...

Gold miner apologizes for fatal dam breach

China's largest gold miner Zijin Mining has expressed "deep sorrow and regret" and decided to donate 50 million yuan ($7.5 million) regarding the casualties and loss of property following a dam overflow in September when a typhoon hit southern Guangdong province, the company said ...

Americas: Mexichem completes acquisition of Policyd, Plasticos Rex

p>Mexican PVC producer Mexichem has completed the acquisition of Policyd and Plasticos Rex after accomplishing certain conditions imposed by the antitrust authority Comision Federal de Competencia Economica (CFC), the company announced Thursday. Under this transaction, originally ...

Asia: METHANEX SETS NOV METHANOL ACP AT $445/MT CFR ASIA, UP 29% FROM OCT

p>Canadian methanol producer Methanex has increased its Asia Contract Price for November by $100/mt, or 29%, from October, to $445/mt, a company source said Friday. The methanol spot price as assessed by Platts was at $348-350/mt CFR China on Thursday, up $59.5/mt from September ...

Air-cooling system starts chilling clean-coal power plant

In a world first, a one-million-kilowatt (kW) air-cooling system attached to an ultra-supercritical coal-fired power plant in a remote part of Northwest China began operating Tuesday. Completely Chinese-designed and -built, the cooling system is a part of a power plant project, ...

East-to-west power transmission deal inked

China's southwestern Yunnan and Guizhou provinces have agreed to transmit nearly 500 billion kilowatt-hours of electricity to the southern Guangdong Province over the next five years. With a west-to-east power transmission program initiated back in 2000, China has been working to ...

Americas: Powder River Basin coal tracts cleared to move forward as planned

p>Attempts by three environmental groups to delay a pair of federal coal tract sales in the Powder River Basin were derailed Thursday when the Interior Board of Land Appeals ruled against the coalition. Deputy Chief Administrative Judge Bruce Harris said the groups, led by ...

Chinese producers make 22% less profit than U.S.

China's manufacturing industry is seeing its production levels increase year on year. However, company profits in China tend to be much lower than some other countries. Comparing the manufacturing output of China and the US, there are many striking similarities and some sharp ...

Asia: Brazilian Vale targets 42 mil mt/year coal output by 2015

p>Brazilian miner Vale plans to reach a coal production capacity of 42 million mt/year by 2015, thanks in large part to the ramping up of the Moatize mine in Mozambique, and to advanced exploration projects in Australia, the company said in a capex report published late Thursday. ...

China's central SOEs profits to hit 1 trillion yuan: SASAC official

Profits of China's centrally-administered state-owned enterprises (SOEs) will hit 1 trillion yuan (150.94 billion U.S. dollars) this year, a government official said Tuesday. Economic value added (EVA) of central SOEs will exceed 300 billion yuan this year, said Huang Shuhe, vice ...

Americas:Florida-based LED firm to set up unit in New York

A Florida firm developing LED lights to replace incandescent and fluorescent bulbs will move some production to New York from China, officials said Wednesday. The Leds America Inc. move to a converted Kingston, N.Y., IBM Corp. campus known as TechCity will add some 100 manufactur...

Foxconn to invest $1.2 billion in Hitachi LCD unit: report

Taiwan's Hon Hai Precision Industry Co, better known by its trade name, Foxconn, is to buy majority stake in a Hitachi Ltd display unit for about $1.2 billion, making it the world's top-ranked maker of small and medium-sized LCDs, Nikkei Business Daily said Monday. The venture, ...

Americas: San Bruno line must be moved, authority to raise pressure granted: CPUC

p>The California Public Utilities Commission on Thursday vowed that a Pacific Gas and Electric natural gas transmission line involved in a fatal blast last month would not be rebuilt at its current location, while voting to give the PUC president authority to raise the operating ...

Asia:Oil pares gains on weak stocks in Asia

Global oil prices eased below $82 a barrel again in Asian trade Friday mainly after stocks declined in the region amid a strong dollar. Light sweet crude for December delivery was seen trading at $81.77 a barrel at 12 noon Singapore time while Brent crude was at $83.34 a barrel ...

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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