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B-ray Media plans to snap up mobile gamer

The Chengdu B-ray Media Co, a major media company in western China, plans to venture into the field of mobile gaming - an emerging and rapidly growing market in not only China but the world. B-ray Media announced in a filing with the Shanghai Stock Exchange over the weekend that ...

Asia: Indonesia Kaltim plans Q4 turnaround for 660 kt/year methanol plant

Kaltim Methanol Industri's 660,000 mt/year methanol plant in Bontang, Indonesia will undergo a 40-day turnaround in the fourth quarter this year, a company source said Wednesday. The exact timing of the shutdown has not yet been confirmed, said the source, adding that methanol ...

Americas: Shell opens asphalt plant at former olefins location in Louisiana

Shell has opened a 55,000 b/d bitumen facility at a former olefins feed preparing plant in St. Rose, Louisiana, the company said Tuesday in introducing the new output to the US Gulf Coast market. The St. Rose facility, near New Orleans, has "substantial storage and well ...

NWE spot butane being used for cracking amid high naphtha prices

Spot butane prices in Northwest Europe are being supported by the current strength of naphtha in the region, as some petrochemicals producers turn to cracking LPG, industry sources said this week. At least one North Sea butane cargo has recently been sold into a petrochemicals ...

Americas: Over-the-counter coal prices pull back from Monday gains

Over-the-counter coal prices tumbled Tuesday, retracing a portion of Monday's gains as traders questioned market fundamentals and took profits. Exceeding losses posted in European-delivered coal markets, front-month February 2011 Central Appalachian barge coal traded as low as ...

Shanghai maintains world's top port status

Shanghai's container throughput continued to show strong momentum and the city remained the world's busiest port for the third straight month since overtaking Singapore in August, the port authority said. Throughput of containers was up 8.1 percent from a year ago to 2.35 million ...

Asia: Queensland supply disruptions reverberate across US coal markets

Rain and severe flooding in Queensland, Australia, have driven international seaborne metallurgical and thermal coal prices higher, boosting US prices in an already tight global marketplace. In an investors note released Tuesday, Dahlman Rose & Co. raised estimates for 2011 and ...

Asia: Vietnam to face 1 billion cu m gas shortfall in 2011: report

Vietnam is expected to face a gas shortfall of nearly 1 billion cubic meters (35.315 Bcf) in 2011, which will rise to 3 billion cu m in 2020 and 7 billion cu m in 2025, a senior PetroVietnam Gas official said last week. Given the development schedule for discovered gas fields, ...

UK gasoline prices hit fresh high of 127.21p/liter or $7.51/gal

UK gasoline prices have hit a fresh record high of 127.21 pence/liter or $7.51/gallon, as a rise in both fuel duty and value-added tax came through at the start of the year. Prices for gasoline in the UK are amongst the highest in the world and have been breaching previous highs ...

China: Sinopec starts construction of 200,000-cu-m oil product terminal in SW. China's Sichuan

Sinopec has recently started to build 200,000-cu-m oil product terminal in Jianyang City in Southwest China's Sichuan Province, according to a company source. The terminal with a designed annual turnover capacity of 2-mil mt will be affiliated facility of Guiyang-Ziyang pipeline, ...

China: CNAF sets Q1 benchmark price of jet supplied to domestic airlines at Yuan 6,020/mt, up 5.43% qoq

The China National Aviation Fuel Corp (CNAF), China's dominant jet supplier, fixed the benchmark price of jet it supplies to domestic airlines at Yuan 6,020/mt on Jan 1, up Yuan 310/mt or 5.43% from the fourth quarter of 2010, according to a source with a domestic airline company...

China: Sinopec to supply 744,000mt of distillates to SW. China via pipeline in Jan, up 1.1% on month

Sinopec is expected to transmit a combined 744,000mt of gasoil and gasoline to Southwest China's Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in January, up 1.1% from the previous month, revealed a source with pipeline department of the oil giant. Gasoil ...

China: Guangdong minor refineries trapped into negative refining margins on higher feedstock costs

Minor refineries in South China's Guangdong Province suffered from negative refining margins as prices of feedstock rose, C1's survey found. The margin was minus Yuan 10/mt on average in theory Wednesday, versus Yuan 40/mt one week ago and minus Yuan 251/mt a year earlier, C1 ...

US epoxy resins producers seek 7-10 cent/lb January price hikes

HOUSTON-US liquid epoxy resins (LER) producers are seeking price increases of 7-10 cents/lb ($154-220/tonne , 16-165/tonne) in January based on rising feedstock costs, buyers and sellers said on Tuesday. Momentive Specialty Chemicals was pushing for a 7 cents/lb increase ...

Middle East:Iraq offers bid for 12 more gas blocs

Iraq is planning a fourth round of bidding for international energy firms interested in gas exploration contracts. Iraq will 'initially' offer 12 exploration blocs, Oil Minister Abdul Kareem Luaibi told reporters. Luaibi did not give further details, but Abdul-Mahdy al-Ameedi, ...

China:China's breakthrough find to solve uranium short supply

China, one of the world's largest energy consumers, has made a technological breakthrough in reprocessing spent nuclear fuel that could extend uranium's usage by 60 times and potentially solve the problem of its short supply. The technology, which was developed by the No. 404 ...

Asia:Cars in India to come with star ratings

According to a new set of guidelines put forward by India government, cars sold in India should come out with a star rating based on its energy efficiency. The star ratings are part of the government's move to stipulate strict fuel efficiency norms for cars, especially sports ...

Middle East:Iran to open nuke facilities to Western inspectors

p>In a significant development on Tuesday, Iran said it will welcome representatives of the international community to inspect its nuclear facilities ahead of fresh talks with key world powers later this month. This was announced by Iran's Foreign Ministry spokesman Ramin ...

Americas: Shale-driven ethane price declines unlikely: Bentek report

Even as natural gas liquids production balloons in the US, sufficient new fractionation capacity and petrochemical demand will exist to prevent a significant decline in prices, particularly for ethane, a new Bentek Energy report says. The Colorado-based firm Tuesday wrote that ...

UK GAS: Lower prompt eases storage withdrawals, LNG flows to rise

A decrease in UK prompt natural gas prices due to milder weather enabled long-range storage withdrawals to slow Wednesday, with several deliveries of LNG also expected to boost available supply, traders said. "Flows from Rough have reduced due to lower prompt prices and the ...

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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