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Americas:How long the world can run on fossil fuel

How long the world can run on oil?, not even another hundred years, according to a recent study conducted by University of California, Davis. If the global consumption continued like that of today, the world will run out of oil around 100 years before replacement energy sources ...

Apple unveils iPad-inspired MacBook Air

Apple Inc CEO Steve Jobs unveiled the thinnest, lightest Mac laptop yet, fusing features from its popular iPhone and iPad with its traditional line of personal computers, Reuters reported Thursday. An 11.6-inch (29.5-centimeter) model starts at 7,998 yuan ($1,202) in Chinese ...

Americas: US benzene backwardated on possible import delays, slower demand

US benzene was in a roughly 4.50 cent ($13.50/mt) backwardation from November to December on early Tuesday, with sources offering varying explanations for the spread. Some suggested the roughly 40,000 mt of Far East imports due to arrive by month's end were slipping into December...

Asia: S Korea SK Energy starts test runs at Ulsan experimental steam cracker

South Korea's SK Energy has begun test runs on a steam cracker at its Ulsan complex that utilizes experimental technology, said Michael Tallman, manager of catalytic olefins technology at US engineering and construction company KBR, which jointly developed the technology with SK. ...

China Mobile rings up 3.5% profit rise

China Mobile, the world's biggest mobile operator by users, yesterday reported a 3.5 percent rise in quarterly earnings, matching expectations, as a maturing market and intense competition eat into its profits. The results could set the tone for rivals China Unicom and China ...

Asia: Kuwait KPC to supply Bangladesh fuel with vessels under 20 years old

Kuwait Petroleum Corporation, or KPC, has agreed to supply fuel to Bangladesh using vessels which are less than 20 years old -- overturning an earlier policy where it used vessels up to 25 years old -- following a meeting in Kuwait with Bangladesh Petroleum Corporation, a senior ...

CNOOC starts building 4th LNG terminal in S China

China National Offshore Oil Corporation (CNOOC) Wednesday said it started construction of its fourth liquefied natural gas (LNG) terminal in Zhuhai City in south China's Guangdong Province. The terminal will receive 3.5 million tonnes of LNG a year after the first-phase facility ...

Europe: Ethanol trading slows on uncertainty over EU renewable directive

Uncertainty over implementation of the European Union's Renewable Energy Directive is hindering liquidity in the ethanol market, as market participants are cautious of taking large positions or are withdrawing from the market completely, trading sources said Thursday. "Liquidity ...

China Mobile 9-month net up 3.9%

China Mobile Wednesday announced its unaudited profit attributable to shareholders grew 3.9 percent year on year to 87.245 billion RMB for the first three quarters of 2010. In a filing to Hong Kong Exchanges and Clearing Limited, China Mobile said operating revenue during the ...

Americas: Propylene Falls 1c/lb in November

US November propylene contracts settled down by 1 cent/lb ($22/tonne, ?6/tonne) after a hold-out supplier, which had previously pushed for a rollover, agreed to the decrease, market sources said on Monday. The drop puts November polymer-grade propylene (PGP) at 57.50 cents/lb and ...

Online B2C JV seeks to take aim at Taobao

Baidu Inc, China's biggest search engine, waded into the country's online retail market with a new joint venture as it takes aim at e-commerce leader Taobao.com. Baidu teamed up with Japanese e-commerce company Rakuten Inc yesterday as it launched its online B2C platform Lekutian ...

4G among strategic industries identified

The fourth-generation mobile communications network and the Internet of Things, which connect various devices through chips and sensors, have been identified as national strategic industries, industry regulators said Tuesday. The gross domestic product of the strategic industries...

Asia: MDI to Stay Firm in Dec on Tight Supply, Moderate Demand

Methyl di-p-phenylene isocyanate (MDI) prices in China may remain firm or rise further in December, supported by tight supply amid a moderate growth in demand, industry sources said on Wednesday. Buy-sell ideas for December shipment of polymeric MDI (PMDI) were heard at $1,930-2...

China; S. China to boost base oil production capacity by 29% within two years

Two privately-owned petrochemical companies based in South China's Guangxi kicked off construction of two base oil units recently. After completion of the project, base oil production capacity in South China would be boosted by 350,000mt/yr or 29% to 1.55-mil-mt/yr. Construction ...

Asia: Bayer MaterialScience Increases Downstream Presence in China

Bayer MaterialScience has announced plans to invest EUR 110 million to build five new downstream facilities in China by 2012 as part of an ongoing process to serve the booming manufacturing sector in the country. The facilities comprise three polyurethanes systems houses, a new ...

New campaign targets IPR violations

China will launch a new national campaign to crack down on violations of intellectual property rights (IPRs) and on the production and distribution of fake and shoddy products. The decision was made at a regular meeting of the State Council Tuesday, which was presided over by ...

China; Singapore's top base oil supplier to hike ex-refinery prices in Asia & Pacific

Singapore's top base oil supplier set to mark up base oil ex-refinery prices in Asian and Pacific regions by US$30-70/mt as from Nov 25, according to sources with the oil major. CFR China prices of 150SN and 150N would increase by US$70/mt, reaching US$1,030-1,040/mt. Those of ...

Internet economy on rise in China

The Internet economy is rising in China and it has a great potential and will become a driving force of economic growth, experts said Monday. The introduction of the Internet into China in 1993 was like dropping a bomb of "information explosion," said Xu Rongsheng, a Chinese ...

China; Shandong independent refineries run at 44% Thu, down 6.9 percentages on week

Operation rates of independent refineries in Shandong Province declined to 44% on average Thursday, down 6.9 percentage points from a week ago, 15 percentage points higher than a year earlier. Many refineries reduced run rates in the past week as oil product prices in Shandong ...

Apple's quarterly profit, sales beat estimates

Apple Inc. on Monday posted quarterly profit and sales that both beat analysts' estimates, driven by strong sales of its iPhone, iPad and other products. Apple earned 4.31 billion U.S. dollars or 4.64 dollars per share in its fiscal fourth quarter, compared with 2.53 billion ...

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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