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China: Operation rate of Guangdong minor refineries drops 5 percentages to 15% on feedstock shortage

Minor refineries in South China's Guangdong Province ran at 15% on average Thursday, down 5 percentage points from one week ago, down 2 percentage points from a year earlier, a survey found. One of the refineries halted production on Nov 10 after running out of feedstock, the ...

Chinese textile exporters struggle amid rising costs

Exporters of textiles at the Canton Fair, China's largest trade fair, say they are struggling to survive amid rising raw material and labor costs. "Wages have increased as much as 30 percent. But several of our partner plants have stopped production because of the worker shortage...

Europe:Oil extends fall on profit taking

Global oil prices eased further in Asian trade Wednesday mainly on profit taking by investors amid a strong dollar against the euro. Light sweet crude for December delivery was seen trading at $86.34 a barrel at 12.00 noon Singapore time while Brent crude was at $87.92 a barrel ...

Digital publishing zone added to Beijing Book Fair

A digital publication area will debut at this year's Beijing Book Fair scheduled to begin at the China International Exhibition Center on Jan 9. It will offer research on the current state of China's digital publishing, analysis of industry problems and a venue for exchange of ...

Asia:UAE's Sharjah forms new oil company

United Arab Emirates's northern province of Sharjah on Tuesday officially declared setting up of its own oil company, named Sharjah National Oil Corporation (SNOC). According to an Emiri decree, the new oil company with financial and administrative independence will practice its ...

Americas:Changing equations for Coal under QE2 regime

With the US resorting to a quantitative easing of the economy, the liquidity scenario across the world seems to be improving raising hopes of rapid global economic recovery. A report from the BofA Merrill Lynch Global Research noted that the thermal coal priced in the USD stands ...

SIPO: quality, not numbers, key to patents and innovation

Patent quality -the number of valid patents - is the key to maintaining intellectual property (IP) research and production advantages, a Chinese intellectual property official, told a Dec 22 forum in Beijing, The director general of the State Intellectual Property Office's (SIPO) ...

Americas:ETF provides easy package for investors to play in Lithium

Cell phones, laptops, mp3 players they are all powered by lithium. Bruno del Ama, the portfolio manager of New York-based, exchange traded fund issuer Global X Management, has recently launched an ETF targeting lithium companies for just this reason. In this exclusive interview ...

Americas: M and G Polymers issues 6 cents/lb US PET price increase for December

p>M&G Polymers has issued a 6 cents/lb ($132/mt) PET price increase for December, a company source said Tuesday. The source did not indicate a reason for the increase, but typically PET makers raise prices to try to offset higher raw material costs. Due to continuing increases in ...

Patented 'power flow computation' simulates industry

Obviously, the best, most effective way to assure the safety of cars on the nation's roads is to have traffic police check them, one by one. But, how can that be done with the large number of cars running around? This apparently impossible mission on the road turns out to be an ...

Baosteel forecasts hard time for sector

Baoshan Iron and Steel Co forecasts a challenging second half for the domestic industry, squeezed by lower product prices and higher production costs, in contrast to its blistering interim results. Slowing domestic demand and a sharp fall in exports - following the removal of ...

Asia: Qatar Q-Chem to run new olefins plant at 100% capacity early 2011

p>Qatar Chemical, or Q-Chem, plans to run its second $1.3 billion olefins plant at Mesaieed Industrial City at 100% of capacity in early 2011, the company said late Tuesday. The plant, known as Q-Chem II, can make 350,000 mt/year of high density polyethylene and 345,000 mt/year ...

Internet videos: a blow, also an opportunity

Zhang Minxiao, owner of a trading company in east China' s Jiangsu Province, has not turned on a television since 2008. Instead, the 29-year-old business man now spends more than 20 hours every week watching programs on the Internet, often sports games. "I enjoyed watching my ...

Middle East: SABIC and Lummus to develop toluene methylation technology

p>Saudi Basic Industries (SABIC) and CB&I's Lummus Technology have signed an agreement to jointly develop and commercialize toluene methylation technology to produce paraxylene, SABIC said late Tuesday. The technology was developed around a proprietary SABIC catalyst and process, ...

Americas: US look-alike coal sees late selling pressure

p>US over-the-counter coal product prices diverged on Tuesday, as late selling in the NYMEX look-alike market pushed term prices below Monday's closing levels. CSX 12,500-Btu/lb, -1% sulfur and Powder River Basin 8,800-Btu/lb physical prices, however, moved higher, supported by ...

Americas: Morgan Stanley sues offshore fund for gas futures losses

p>An offshore hedge fund that used to get advice from Brian Hunter on natural gas futures trading is being sued by investment bank Morgan Stanley for incurring $40.6 million in trading losses in gas futures and calendar spread trades. In a suit filed Monday in the US District ...

Asia: Japan, Russia postpone signing Vladivostok LNG agreement

p>Japan's Ministry of Economy, Trade and Industry and Russian gas giant Gazprom have postponed the signing of an expected agreement to advance joint studies of possible gas projects, including LNG and CNG, in Vladivostok in Russia's Far East, a source familiar with the matter ...

EURO GAS: Continental prompt drops on mild weather and low demand

p>The Continental European gas prompt contracts dropped midday Thursday, as the market prepares for milder temperatures and reduced gas demand, traders said. Starting from Thursday, temperatures across the Continent will be much milder than the previous week. According to weather ...

Chinese enterprises focus more on innovations

Innovation in Chinese enterprises is steadily increasing with more patents filed and more funds invested in research and development (R&D), the China Enterprise Confederation (CEC) said Saturday. The top 500 Chinese enterprises possessed 169,000 patents in 2010, up 13.3 percent ...

Americas: BOEM issues first post-moratorium deep permit for water injection well

p>The US Bureau of Ocean Energy Management, Regulation and Enforcement has issued its first deepwater permit for a water injection well, following a recently-ended temporary ban on deepwater drilling, a BOEM spokeswoman said Wednesday. The approval, granted to BHP Billiton last ...

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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