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China; Oil product price hikes become unpredictable under inflation pressures

High inflation made increases in domestic oil product prices unpredictable, although international crude prices climbed beyond 4% in the past 18 consecutive working days. Implementation of price increases in the near term would have ripple effect on prices of the other commoditie...

Asia: China's Sinopec cuts benzene prices by nearly 3% Thursday

China's Sinopec has cut its local ex-works offer prices for benzene across the country by Yuan 200($30)/mt, or nearly 3%, to Yuan 7,200/mt, industry sources said Thursday. In East China, Sinopec Shanghai, Sinopec Zhenhai Refining & Chemical, Sinopec Yangzi Petrochemical, and ...

Nigerian deal may not pay dividends for China Unicom

China Unicom may find it hard to benefit from its shared 75 percent acquisition of Nigerian Telecommunications Limited (Nitel), according to analysts. Xiang Ligang, a telecoms expert who runs a major website in China, said lack of funds may make it difficult for China Unicom to ...

Americas: US imports could relieve NWE toluene tightness and reduce prices

Toluene imports from the US will help relieve tightness in the Northwest European market and force spot prices lower, market sources said Wednesday. Spot values are at the highest levels since September 2008 due to reduced supply into the FOB Rotterdam market. Sources reported 1...

Apple accelerates expansion in China with iPhone 4

With the hot-selling iPhone 4 heating up the global mobile market, Apple Inc is stepping up an ambitious expansion plan in China. A recent report from Deutsche Bank said that China Telecom will launch a dual sim card stand-by iPhone for the CDMA network in order to meet demands ...

Europe: Spot PP homo-injection/copolymer price gap widens in Europe

The price spread between homo-injection and copolymer polypropylene grades in Europe has widened this week, market sources said Thursday, with copol values rising faster than those for the more widely available homo-injection grade. Homo-injection prices were up Eur10/mt at Eur1...

Sony Ericsson reports profit for 3rd consecutive quarter

Sony Ericsson Mobile Communications AB (Sony Ericsson) Friday reported to be profitable for the third consecutive quarter this year, according to a statement from the company. Net income for the quarter was 49 million euros (about 69 million U.S. dollars), an increase of 213 ...

Americas: Over-the-counter coal price slide continues, led by look-alike

Over-the-counter coal prices fell Wednesday, extending losses seen Tuesday. Ignoring a rally in natural gas futures, traders took coal prices lower, with European coal prices seen as the main influence. NYMEX look-alike prices posted the largest losses. December look-alike traded ...

British Telecom to expand China operations

British Telecom (BT) will build more service centers and recruit more employees in China, the world's biggest mobile phone market, said Kevin Taylor, managing director for British Telecom in the Asia-Pacific region. The UK telecom carrier needs to follow the eastward shift of the ...

CIO's conclude cloud

Recent reports have shown that companies are shying away from the public cloud due to security concerns, but how accurate are the results and what, if any, are the alternatives? Last week, in Singapore, a committee compromising of C-Level executives from leading companies across ...

Asia: European steel mills warned to expect higher Q1 coking coal price

European steelmakers may have to brace for higher coking coal prices next quarter, according to comments by an Australia-based producer to regional buyers ahead of formal negotiations. An industry event in Hong Kong this week will see the official start of negotiations between ...

Shandong introduces e-bike subsidy

Shandong province is the latest of 10 Chinese provinces to provide a subsidy on rural electric bicycle purchases, and it was just the incentive Song Yingxue, a farmer in the east China province, needed to buy a 2,410 yuan (US$361) "luxury" - the e-bike. With the subsidy, which ...

Europe: Germany to press EU to allow coal subsidies past 2014: report

German Chancellor Angela Merkel has made progress in persuading fellow EU members to extend state aid for coal beyond 2014, after her government agreed to close a legal loophole that would have allowed Germany's subsidized coal mines to operate beyond a planned phase-out in 2018, ...

Asia: BP Indonesia may revise down its 2010 LNG shipments from Tangguh

The Indonesian unit of BP may revise down the number of LNG cargoes to be shipped from the Tangguh project in 2010, from the original 101 to about 90, an official said Thursday. "The revision is still being studied by BPMigas [the upstream regulator]," a source close to the ...

Google accused of 'unfair' treatment

Seven Google China's advertising partners, whose reseller status are expected to be terminated by the United States giant from October 27, said Tuesday in Shanghai that they were "unfairly treated" by the world's biggest online search engine. Google Inc has recently restructured ...

Americas: US natural gas stocks to rise 4-8 Bcf in week ended Friday: analysts

The US Energy Information Administration is expected Thursday to estimate a natural gas storage build of between 4 Bcf and 8 Bcf for the week that ended Friday, according to the consensus view of market analysts. Storage inventories could hit a new storage record with this report...

Europe: German gas futures contract traded on ICE for the first time

The first German gas futures contract has traded on the ICE Futures Europe exchange, the IntercontinentalExchange said in a statement. The futures contract was traded Wednesday by Barclays Capital on a day that over 400,000 MWh in spreads and outrights were exchanged on the ICE ...

China to lead global innovation: report

China is expected to lead in global patent activities by 2011, with significant rises in both the quality and quantity of patents, a Thomson Reuters analysis on intellectual property showed. The report, published Monday by the IP Solutions business of the world's leading ...

China to propel growth of e-book industry

China is going to propel the growth of its e-book industry, according to an instruction from the General Administration of Press and Publication (GAPP). The GAPP released the instruction on its website Sunday. China's e-book industry has boomed in recent years but problems have ...

Americas: EIA ANALYSIS: Product stocks drop on abnormally low imports

US product stocks fell another 1.845 million barrels to 748.807 million barrels the week ending November 12 as abnormally low levels of imports eroded inventories, an analysis of the oil data released Wednesday by the Energy Information Administration showed. At 748.807 million ...

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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