Weak dollar raises talk of alternative world currency Oct 22, 2009
The biggest beneficiaries of the move out of dollars since March have been currencies of countries that heavily export raw materials, such as the Australian dollar (up 33% against the greenback) and the Canadian loonie (up 21%). U.S. officials historically repeat mantra-like that they favor a "strong dollar." That really should be interpreted as a fancy way of saying "no comment.". (USA Today -- Money)
Stora Enso Interim Review January-September 2009 Oct 22, 2009
" Near-term Outlook The demand outlook for the Group's products remains challenging as no immediate improvement in the market environment is anticipated. Most graphic papers are under pressure, aggravated by weak advertising markets and structural changes in paper consumption. Despite slight seasonal improvement in Europe, demand for publication paper and fine paper is predicted to be weaker in the fourth quarter than a year earlier, resulting in oversupply. Demand is forecast to be better than... (Primezone Releases)
Fed sees slight expansion in Colo. region Oct 22, 2009
Feds Beige Book: Slight expansion in Colorado regions economy - Denver Business Journal. for free extra services. (Denver Business Journal, CO)
Metal cos may put up a tame show Oct 21, 2009
But the impact of lower raw materials iron ore and coking coal is expected to improve the operating margins of steel producers, mainly the non-integrated ones. Many of them have signed new long-term contracts with raw material suppliers at 30-50% lower prices. (India Times)
AGCO twine and net wrap Oct 21, 2009
Using advanced manufacturing equipment results in fewer raw materials to achieve higher tensile strength, thus reducing the impact on the environment. Only virgin plastic resin is used in the manufacturing process. (Midwest Bulls Eye, NE)
DuPont cuts costs, boosts profits in third quarter Oct 21, 2009
He said a relatively cautious fourth-quarter outlook, with an earnings range of 35 to 45 cents a share, likely is due to concern about the timing of raw materials and automobile-related end markets as incentive programs fade. Copyright 2009 The Associated Press. (USA Today -- Money)
Tupperware 3Q Profit Rose 17 Pct on Higher Sales Oct 21, 2009
Tupperware Brands Corp. said Tuesday its third-quarter profit rose as sales ticked up slightly and the cost of raw materials declined. The direct seller of plastic containers and beauty products also raised its expectations for 2009 profit, sending shares higher in aftermarket trading. (ABC News -- Wire)
Do you recycle? Would you? Oct 21, 2009
Recycling does help, it reduces production emissions, reduces raw materials and keeps valuable resources from being buried in the landfill. With every American averaging 4 pounds of trash a day the landfills and haulers will still have more than enough job security even if we all recycle. (Columbus Telegram, NE)
BHP points to signs of broad global recovery Oct 21, 2009
"We are starting to see some positive impact of re-stocking of pipelines, particularly in steel-making raw materials, after a period when demand essentially disappeared," BHP said. Analysts said BHP and other miners were benefiting from increased activities at steel mills in China, the US and Europe. (CNN -- International)
Scientists Develop Novel Method To Generate Functional Hepatocytes For Drug Testing Oct 21, 2009
The raw materials are adult blood stem cells and embryonic stem cells. The end products are. (Science Daily)
Apollo Tyres: Profit rides on input costs Oct 21, 2009
Most of the upside in profitability came from lower expenses on raw materials, thanks to a moderation in the rubber prices and petro-based chemicals two of the industrys key inputs ... Raw materials now account for 58% of the companys net sales, down from 80. (India Times)
Cashew sales rise despite poor promotion Oct 21, 2009
The shortage of raw cashew in the country is prompting the industry to make huge imports of the raw materials. With such a short supply in raw materials it is the domestic market that suffers in the long run. (India Times)
Grassland Toolmakers Two Million Years Ago Oct 21, 2009
Other recent research shows that the Kanjera hominins obtained meat and bone marrow from a variety of animals and that they carried stone raw materials over surprisingly long distances in this grassland setting. A comparison with other Oldowan sites shows that by 2. (Science Daily)
Stocks Rise to Highest This Month as Earnings Recover, Oil, Metals Advance Oct 20, 2009
Mitsubishi, which generates more than half its profit from raw materials, climbed 2 ... It seems every day we are seeing new highs for the year being reached by a number of commodities, pushing investors to take a second look at raw materials companies, including trading houses, said , a market analyst at kabu. (Bloomberg -- Japan)
Survey: Most companies cutting bonuses, raises Oct 20, 2009
Asked in the recent study what pricing pressures are most concerning, 77% said employee benefits such as health care and pensions, distantly followed by energy costs at 35% and raw materials at 30. In a ray of optimism about the economy, a third of the executives said they are less worried about their company's ability to continue as an ongoing concern than they were a year ago, and just a quarter said they were more concerned. (USA Today -- Money)
Australian Dollar Rises After Central Bank Says Low Rates No Longer Needed Oct 20, 2009
The Reuters/Jefferies CRB index of 19 raw materials advanced a sixth straight session yesterday. It has added 7. (Bloomberg -- Australia & New Zealand)
Andrew Peller Limited Announces Its Intent to Sell Its Ownership in Granville Island Brewing Company Ltd. Oct 20, 2009
With respect to forward-looking statements contained in this news release, the Company has made assumptions and applied certain factors regarding, among other things: future grape, glass bottle and wine prices; its ability to obtain grapes, imported wine, glass and its ability to obtain other raw materials; fluctuations in the U.S./Canadian dollar exchange rates; its ability to market products successfully to its anticipated customers; the trade balance within the domestic Canadian wine market;... (CCNMatthews Press Releases)
World First - Lenovo's Ultra-Green High Performance Display Receives New Cutting Edge Design Award Oct 20, 2009
BEIJING, Oct. 20 /CNW/ - The Lenovo ThinkVision L2251x Wide desktop computer display is the first to be awarded the new TCO Certified Edge designation for excellence in combining green and high performance in IT design. Through its high percentage of recycled plastic in the ThinkVison L2251x Wide, Lenovo has shown exceptional leadership by pushing the boundaries of green design, while designing a product that also meets the high demands of today's user. (Canada Newswire)
Yuan might be new greenback as axis shifts Oct 20, 2009
Most metals and raw materials are priced in US dollars, which is one factor behind the strength in commodity prices. Many of the problems facing the global economy are a result of this. (Sydney Morning Herald -- Business)
[ more... ] Oct 20, 2009
- Ecological Plastic used for first time in ceiling and pillar garnishes and sun visor surfaces in mass-production vehicle; plastic also adopted in injection-molded parts such as scuff plates and luggage trays, as well as for luggage-space trim surfaces and foam in seat cushions- Required heat resistance, shock resistance and mass production capabilities have been ensured by employing advanced compounding technologies to combine plastic's plant-derived and petroleum-derived raw materials - Logo... (JCN Network, Japan)
Grindrod - Signs of recovery show in volumes Oct 20, 2009
Grindrod was seeing signs of recovery in dry cargo volumes, raising hopes that the global appetite for raw materials was on the mend, Alan Olivier, the chief executive of the shipping firm, said yesterday ... Grindrod, whose vessels carry raw materials such as iron ore, had been hauling more ships to Asia, the US and Europe, compared with the first half of its financial year, which ended in June. (Business Report, South Africa)
Canada's Dollar Climbs for Third Week, Moving Closer to Parity With U.S. Oct 19, 2009
The , a gauge of 19 raw materials and commodities, rallied 5 ... Canada generates more than half of its export revenue from raw materials, including oil. (Bloomberg -- Canada)
2010 and 2011 will be more difficult than 2009: Peter Huntsman Oct 19, 2009
Here the competition is not on price or raw materials, but on product technology and innovation. In the commodity space if one processes two or three raw materials, we have fifty or sixty raw materials, which come together. (India Times)
Australia's Economic Recovery May Be Tougher Than Many Expect, Access Says Oct 19, 2009
Rising consumer confidence, a drop in the jobless rate and Chinas demand for Australias raw materials including iron ore will boost the economy, Access said. That doesnt mean Australia will get off scott free, Richardson said. (Bloomberg -- Australia & New Zealand)
Africa: 'AU Effectively Tackling Economic, Political Problems' [interview] Oct 19, 2009
In the SADC [Southern African Development Community] region, the 15 member countries have succeeded in creating a free zone for about 170 million inhabitants, [built around] the economic strength of South Africa, which produces goods, not just raw materials. It would be good for the rest of the continent to sell to each other, but you need infrastructure and a common market. (allAfrica.com)
South Africa: Waking Up From a Seaside Dream [editorial] Oct 19, 2009
It's not clear how much aluminium smelters add to the balance of payments given that the exports of finished product must be netted off against the imports of raw materials. And this smelter was going to need only about 1000 workers once it was up and running. (allAfrica.com)
Italy's business clusters: Sinking together Oct 19, 2009
In some cases, collective purchasing of raw materials can help reduce costs. And the concentration of so many firms working in the same industry is thought to spark creative ferment. (The Economist)
ANPI may have to pay $1.2 million (5) Oct 18, 2009
The wastewater was composed of wash-down and blow-down waters from the powerhouse cooling tower, the nitric acid plant, and handling and storage of raw materials and product. "From 1971 to 1995, Apache discharged wastewater into unlined evaporation ponds at the site, creating a perched groundwater system that contaminated the adjacent shallow aquifer in the southern area of the site," the suit states. (Benson San Pedro Valley News Sun, AZ)
Botswana: A Political Novice With Ambition Oct 17, 2009
He says that his party would set up factories to process raw materials and create jobs. "We believe that the government should be the leading employer," he says. (allAfrica.com)
Australian, New Zealand Dollars Rise for Second Week on Rate Speculation Oct 17, 2009
The Reuters/Jefferies CRB index of 19 raw materials added 4. 5 percent this week, rising for a fifth straight session today. (Bloomberg -- Australia & New Zealand)
Letter: Skilled workers needed for manufacturing jobs Oct 17, 2009
Access to plentiful raw materials. State of the art equipment. (The Daily Journal)
Canada's Dollar Falls a Second Day as Investors' Risk Appetite Decreases Oct 17, 2009
Canada generates more than half of its export revenue from raw materials, and crude is the nations biggest export. It gained 11 percent this month. (Bloomberg -- Canada)
Putin lays downlaw for Clinton Oct 17, 2009
Alexander Lukin, director of the Center for East Asian and SCO Studies at Moscow State University for International Relations, warns, "Russia will become nothing more than a raw materials appendage of China - just as it has already become for Europe.". What's the bottom line - for the moment. (Asia Times Online)
Role of boards in understanding competitive risk Oct 16, 2009
His key insight is that what really matters is who competes with the company for market margin the surplus value created from the beginning of the value chain, where raw materials are created, to the end of the value chain where final customers pay for the product they consume. In a supply chain, there are additional players who determine what the level of market margin in the market as a whole will be, as well as the head-to-head competitors fighting for market share. (The Star Online, Malaysia -- Business)
Options Traders Raise Bets on Canadian Dollar Return to Parity With U.S. Oct 16, 2009
The collapse of Lehman Brothers Holdings Inc. in September 2008 triggered the worst financial crisis in two generations, sending investors scrambling for the safety of the U.S. dollar and crushing demand for raw materials. The loonie fell 12 percent the following month, the most in at least 58 years, and ended 2008 down 18 percent, a record. (Bloomberg -- Canada)
What are coral reef services worth? $130,000 to $1.2 million / ht / yr: Experts Oct 16, 2009
Food, raw materials, ornamental resources: average $1,100 (up to $6,000). Climate regulation, moderation of extreme events, waste treatment / water purification, biological control: average $26,000 (up to $35,000). (EurekAlert!)
Mining: Work stops at Billiton mine Oct 16, 2009
Workers stopped mining on Tuesday, leaving the company without enough raw materials to be turned into copper, union president Andres Ramirez yesterday. Workers at Spence rejected a wage proposal that was less than what miners received at BHP Billiton's Escondida, the world's largest copper mine. (Business Report, South Africa)
Canadian Dollar Falls First Time in Six Days on Speculation Gains Overdone Oct 16, 2009
Canada, which gets more than half of its export revenue from raw materials, is the biggest supplier of energy products to the U.S. The Canadian currency last traded at C$1 to the greenback in July 2008. The Canadian dollar depreciated 1 percent to C$1. (Bloomberg -- Canada)
Canadian Dollar May Strengthen to Record High, Economist Rosenberg Says Oct 16, 2009
Canada gets more than half of its export revenue from raw materials, and is the biggest supplier of energy products to the U.S., the worlds largest economy. The Canadian dollar may also benefit from the countrys smaller government deficits and debt than the U.S., Rosenberg said. (Bloomberg -- Canada)
Australian, New Zealand Dollars Set for Second Weekly Rise on Rate Gains Oct 16, 2009
The Reuters/Jefferies CRB index of 19 raw materials has added 4. 3 percent this week, rising for a fourth straight session yesterday. (Bloomberg -- Australia & New Zealand)
Graphic images Oct 16, 2009
In an extraordinary series of photos Canadian Christopher Anderson captures how the quest for raw materials affects Venezuela. In "The Diminishing Present," Portuguese-born Edgar Martins records forest landscapes in the moments before they are engulfed by flames. (CNN -- International)
Bajaj Auto Q2 net rises 118% Oct 16, 2009
Bajaj Auto's spending on raw materials, its biggest expense, fell 3% to Rs 1,843 crore in the quarter. However, raw material costs may increase in the coming quarters, the company said, though adding that higher sales volumes may partially offset the impact. (India Times, India -- Intl Business)
Stocks Fall as Gold Miners Slide With Bullion; Imperial Oil Leads Gainers Oct 16, 2009
Canadian Stocks Fall on Decline in Gold Prices; Barrick Drops - Bloomberg. Updated: New York, Oct 16 04:22 London, Oct 16 09:22 Tokyo, Oct 16 17:22. (Bloomberg -- Canada)
Stora Enso's Non-Recurring Items in Third Quarter 2009 Oct 16, 2009
We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. (Primezone Releases)
Globe Specialty Metals, Inc. Announces Effectiveness of Resale Registration Statement Oct 16, 2009
Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions including, among others, changes in metals prices; increases in the cost of raw materials or energy; competition in the metals and foundry industries; environmental and regulatory risks; ability to identify liabilities associated with acquired properties prior to their... (Primezone Releases)
Massively Collaborative Mathematics, Timothy Gowers & Michael Nielsen, Nature Oct 16, 2009
Similar open-source techniques could be applied in fields such as theoretical physics and computer science, where the raw materials are informational and can be freely shared online. The application of open-source techniques to experimental work is more constrained, because control of experimental equipment is often difficult to share. (Harper's Magazine)
Energy, Coking Coal, Live-Hogs May Help Dalian Boost Futures Volume, Role Oct 15, 2009
Chinas in demand for raw materials still outstrips that of any other major country, said , executive director for FIA Asia ... Chinese buying helped push prices of raw materials up by 41 percent this year, as measured by the Standard & Poors GSCI of 24 futures. (Bloomberg -- Asia)
Rogers: Gold to $2,300, Oil to $200 Oct 15, 2009
Demand for commodities will outstrip supply during the next two decades and will fuel a rally for raw materials, says investment guru Jim Rogers. Gold could hit $2,300 an ounce, which would allow the precious metal to break a record when adjusted for inflation. (Newsmax)
Uganda: Museveni Invites Bashir to AU Summit Oct 15, 2009
His priority now, he added, was to "awaken" Ugandan scientists to step up processing as a means to stop Africa from exporting raw materials. He said Makerere University's faculty of food science was doing this. (allAfrica.com)
Drug Shortages and Public Health Oct 15, 2009
Because the public discussion of drugs is dominated by considerations of their safety, effectiveness, and cost, it is easy to forget that medications have to be manufactured from raw materials before they can be prescribed. The continuing shortages of two medications for enzyme-deficiency disorders and of technetium-99m, the radioactive isotope most commonly used in cardiac studies, bone scans, and other diagnostic procedures in nuclear medicine, provide a salient reminder that adequate drug... (New England Journal of Medicine)
Benefits and Costs of Green Buildin... Oct 15, 2009
Account for 60% of all the raw materials used in the U.S., and 40% of non-industrial solid waste. Consume approximately 37% of the total global energy consumption, and 40% of raw materials used globally. (Suite101.com)
Canadian Currency Strengthens for a Fifth Day as Crude Oil, Stocks Climb Oct 15, 2009
Canada generates more than half of its export revenue from raw materials including copper and gold. Chinas fell 3. (Bloomberg -- Canada)
Russia, China Say Will Work On Financial Crisis Oct 14, 2009
Meanwhile, Russia has sought to strengthen its role as a dominant supplier of energy and other raw materials to China, including with a framework deal to supply gas signed on Tuesday. Russia's cash-strapped energy companies need Chinese funding, while Beijing has welcomed the chance to further diversify sources for energy needed to fuel its fast-growing economy. (CBS News -- World)
Australian Dollar Rises to 14-Month High as China's Imports Beat Forecasts Oct 14, 2009
The so-called Aussie strengthened against 15 of its 16 major counterparts after China said shipments of iron ore, Australias biggest raw materials export, soared 30 percent in September from the previous month and copper purchases increased 23 percent. New Zealands dollar rose after the nations central bank said it decided to end some emergency liquidity facilities. (Bloomberg -- Australia & New Zealand)
African Copper Plc: Operational Update Oct 14, 2009
MRI TRADING AG is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group AG of companies, a leading investment and trading group in the commodities arena. (CCNMatthews Press Releases)
When money is worthless Oct 14, 2009
Businesses unable to obtain raw materials close their doors, workers' real incomes decline sharply (even when they keep their jobs) and gross domestic product declines similarly to the deflationary case. We have never experienced a global hyperinflation, in which money is unable to purchase goods, so it becomes worthless. (Asia Times Online)
AGCO twine and net wrap Oct 14, 2009
Using advanced manufacturing equipment results in fewer raw materials to achieve higher tensile strength, thus reducing the impact on the environment. Only virgin plastic resin is used in the manufacturing process. (Midwest Bulls Eye, NE)
Producer Prices Decline for Ninth Month on Weak Company Demand, Oil Costs Oct 14, 2009
While the pace of declines eased because oil prices peaked in July 2008, weak demand from companies for energy and raw materials will weigh on prices, economists said. A return to the deflation that the economy only shook off in 2005 may weigh on growth as businesses and households cut spending in anticipation that prices will keep falling. (Bloomberg -- Japan)
Deutsche Bank's Key Says Metal Consumers Curb Hedging After Orders Decline Oct 13, 2009
Investors also bought commodities to hedge against a decline in the dollar, on speculation that inflation would accelerate and that a recovering global economy would use more raw materials. If consumption picks up, this combined with the investor demand could drive some large price rises, Key said Oct. 8. (Bloomberg -- Germany)
From middle-man to true Noble Oct 13, 2009
Crucially, it is now in the middle of a second makeover, becoming a hybrid of raw materials producer and trader ... In this, Noble is following the model of Glencore, the worlds largest commodity trader, which integrates the production and sourcing of raw materials with their processing and trading. (FT.com -- Markets)
Obama Dollar Retreats Most Against Commodity Producers in Wealth Transfer Oct 13, 2009
Rosenberg cited the 16 percent rise this year in the Reuters/Jefferies CRB Index of 19 commodities as evidence that the flight to raw materials isnt widespread. Natural gas is down 49 percent and wheat has lost 31 percent. (Bloomberg -- US)
Economists: Great Recession over, but ... Oct 13, 2009
Economists: The Great Recession is over, but. - Eye on the Economy- msnbc. (MSNBC -- Business)
China's long march to Africa Oct 12, 2009
They are part of China's bid to secure raw materials and markets for its manufactured goods, but they are also carving out their own opportunities. Chinese traders are also setting up shop in Africa. (BBC News -- Africa)
Congressman Russ Carnahan Pushes Historic Homeowners Revitalization Act of 2009 Oct 12, 2009
" Despite US production being down at 8.5 m units this year, from 12.5 m last year, the car makers should be bullish about the medium term, according to Dr David Cole, chairman of the Center for Automotive Research. He told the conference that the structural, labor and inventory changes being made could lead to the most profitable period for carmakers since just after World War II, with lower legacy costs and fewer purchase incentives. Agreement to Enable Environmental Cleanup, Redevelopment of... (Saint Louis Front Page)
China from containment to engagement Oct 12, 2009
China has overtaken Germany to become the largest global exporter while it has become the third-largest global importer, sucking in raw materials to produce manufactured goods for domestic consumption and exports ... Nevertheless, Malaysia is benefiting from Chinas hunger for raw materials. (The Star Online, Malaysia -- Business)