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Europe PE buyers to face Jan hikes on soaring feedstocks

LONDON-European polyethylene (PE) producers are already talking of January price increases even before December discussions get fully under way, sources said on Monday. "Cracker margins are squeezed. We will continue the battle into January," said one major producer. On Monday, ...

Smart phones targeted by malware

It's time to install security tools on your handset, especially if you have a smart phone. Almost 2,400 kinds of mobile malware, which are similar to computer viruses, have been detected in China, the world's biggest mobile market. The number is expected to reach 2,500 by the end ...

Shanghai to set up a fund for cloud computing

Shanghai plans to establish a government fund to support the development of cloud computing, officials said during a forum Wednesday in the city. The fund is part of a national strategy. Shanghai and four other cities - Beijing, Hangzhou, Shenzhen and Wuxi - have been chosen to ...

US ethylene margins fall 3.4% on lower spot prices

HOUSTON-US ethylene margins fell by 3.4% during the week ended 3 December following a drop in spot prices for the monomer, the ICIS margin report showed on Monday. Using ethane as a feedstock, ethylene margins fell to 23.84 cents/lb ($526/tonne, 394/tonne), down from 24.69 cents...

Asia:High Power Factor CFL lamps in India

In a bid to challenge the conventional incandescent bulbs, Remson & Rallison group, has launched High Power Factor CFL Lamps in India, which gives high energy saving and Lumen output, a news release said. The company has introduced a new range of energy saving CFLs from 5 Watt to ...

360Buy offers steep discounts on books

Competition between China's online book sellers intensified after 360Buy.com Tuesday started offering price discounts of up to 20 percent compared to major rivals including Beijing-based Dangdang.com and Joyo, the China division of Amazon.com. "The strategy of 360Buy is obviously ...

Falling component prices aid Lenovo

Lenovo, the world's fourth-largest PC maker, expects its operating profit margin to trend upwards, helped by easing component shortages and an appreciating Chinese currency, its chief financial officer said on Monday at the Reuters China Investment Summit. "With an appreciating ...

Asia:Indonesia offers 3 more oil, gas block to investors

In a bid to stem the steady decline in production Indonesia has awarded three oil and gas blocks to several local and foreign firms, the energy and mineral resources ministry said on Monday. Investors are to spend a total of $27.7 million for exploration which includes a 3.5 ...

China:China becomes renewable energy market leader

Beating the US once again on energy matters, China is now global leader in global renewable energy market, according to a report by the Big 4 accounting firm, Ernst & Young. The report issued this week shows China leading the US by five points to lead the index of the most ...

4G services could commence in 2012

China may start the commercial use of its homegrown fourth-generation telecommunication technology in 2012, and large-scale commercial trials will begin next year, according to officials at China Mobile, the world's largest wireless operator. Bill Huang, general manager of the ...

Europe: Israel Chemicals offers $270 mil for Scotts Global Professional

Israel Chemicals has signed a letter of offer to buy Scotts Global Professional, a specialized fertilizers and chemicals subsidiary of Ohio-based Scotts Miracle-Gro Company, for $270 million, Israel Chemicals said Tuesday. Scotts Global Professional reported revenues of $242 ...

Lenovo sees profit margin to increase

Lenovo, the world's No. 4 PC maker, expects its operating profit margin to trend upwards, helped by easing component shortages and an appreciating Chinese currency, its chief financial officer said yesterday. "With an appreciating yuan and falling component prices, obviously ...

China Unicom bundles iPhone with SIM card

China Unicom, the country's second largest mobile carrier and official partner of iPhone in China, began Wednesday a new sales contract which bundles iPhone with its SIM card to curb speculative reselling, according to a statement on its website. If a consumer is found to use the ...

Chinese investment in US manufacturing rises

On a spotless factory floor, workers wearing hair nets snap together metal frames, cables, and photovoltaic cells to produce metallic-blue solar panels. This sort of work could be done just about anywhere, yet since October, China's Suntech Power Holdings Co has been making the ...

Americas: US Supreme Court grants review of GHG nuisance case against utilities

The US Supreme Court Monday agreed to review a case involving American Electric Power and four other large coal-fired utilities in which an appeals court ruled that states and private parties can file lawsuits under federal common nuisance law to cap sources' levels of greenhouse ...

Americas: US gas industry sheds hedging protection for 2011: Raymond James

The US natural gas industry is heading into 2011 naked -- with 66% of gas production unhedged and no protection if prices drop, investment bank Raymond James said Monday. "Many companies were reluctant to layer on hedges with gas prices so low relative to expectations or 2008 ...

Asia: AGL plans small LNG plant in eastern Australian city of Newcastle

Australian gas and electricity company AGL Energy is planning to spend A$300 million ($296.6 million) on a small-scale LNG and gas storage project in the east coast city of Newcastle, according to plans for the project lodged with the federal environment department last week. The ...

Europe: Germany's EEX exchange details measures to boost gas trade

Germany's European Energy Exchange plans new measures in 2011 to boost gas trading volumes on its platforms, it said in a statement Tuesday. Trading hours are to be extended on EEX's gas spot and derivatives market. Transactions can be entered on both markets, and OTC transaction...

Americas: Canadian government plans drilling ban in part of Eastern Arctic

Oil and natural gas activity in all or parts of Lancaster Sound in the Eastern Arctic will be prohibited if the Canadian government succeeds in designating the waterway as a marine conservation area. "This ... is basically the elimination of any exploration or resource extraction...

Asian gasoil hits 26-month high; supply tight on winter demand

A draw-down in gasoil stocks due to regional demand helped push the outright Asian gasoil price to its highest in 26 months Monday. The benchmark Mean of Platts Singapore 0.5% sulfur gasoil shot up $2.53/barrel on the day, or $6.29/b on the week, to be assessed at $103.21/b. ...

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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