The White House and Abramoff: 70 more contacts revealed Nov 8, 2009
And if the U.S. were not willing to sacrifice its own industries to export-oriented countries, other nations might abandon the idea of a global economy and the scramble to lock up markets and raw materials might also lead to regional or global war. The geopolitical parade of horribles invoked by America's foreign-policy establishment always leads back to the same grand marshal -- the next world war, Dubyah Dubyah Three. (Salon)
China Offers Africa More Trade, Investment Nov 7, 2009
The meeting follows a landmark 2006 summit in Beijing that catapulted China's hunt for oil, minerals and other raw materials in Africa and brought Africa Chinese investment in infrastructure and other projects. Chinese investments in Africa totaled $7. (ABC News -- Business)
Canadian Stocks Rise, Led by Metals Producers, as Gold Rallies to Record Nov 7, 2009
Canadian Stocks Advance as Gold Producers Gain; Magna Surges - Bloomberg. Updated: New York, Nov 07 04:22 London, Nov 07 09:22 Tokyo, Nov 07 18:22. (Bloomberg -- Canada)
Up close and personal with Mario Moretti Polegato Nov 7, 2009
The shoes are of high quality because the design, technology and raw materials the leather are Italian. In the end, its Italian style, Polegato says. (The Star Online, Malaysia -- Business)
Fibon to set up plants in Australia and Britain Nov 7, 2009
It also produces the raw materials used in the making of its high-performance insulators ... We are not only producing high-level insulators but have also formulated our own raw materials; hence we are able to offer high-amperage insulators, he said, adding that the companys range of products catered mainly to the hi-tech niche market. (The Star Online, Malaysia -- Business)
Africa: 'Africans Should Become Their Own Philanthropists' Nov 7, 2009
He regards education as one of the conditions "for being the masters of our own future. Otherwise we will remain exporters of raw materials and importers of finished goods". External philanthropy can stimulate a culture of internal philanthropy, which is not only necessary to mobilise resources but to advocate for the strengthening of governance. (allAfrica.com)
Column: Architect gets a few dozen hands brightening up intersection Nov 7, 2009
Yet Vasquez s confident approach to managing his unpredictable raw materials made it look easy as he deftly directed each person s hand to press firmly and pull off precisely to create the perfect print. Children giggled as Vasquez gently guided them in acrobatic moves that positioned their hands just right. (Brookline TAB, MA)
Rare Earths Shortages May Hurt Tech Firms Nov 7, 2009
He notes with growing concern how German companies are becoming increasingly dependent on Chinese sources of raw materials, putting themselves literally at the mercy of the Chinese ... Does this mean that the German economy could soon run out of key raw materials. (BusinessWeek)
Ghana Veterinary Medical Association holds annual meeting Nov 7, 2009
He said Veterinaries contribute to human health by promoting the health of animals, which provide the necessary income, food, transportation, draught power, and the raw materials for clothing throughout the world. Dr. Darkwa said this was particularly important in developing countries where food from animals help to improve the nutritional status of malnourished people, by providing high quality protein and micronutrients. (Ghana Web, Ghana)
China defends export restrictions Nov 6, 2009
China has defended its export curbs on some raw materials used to make steel, aluminium and chemical products ... But China's Ministry of Commerce told AFP the aim of the "measures on some raw materials is to protect the environment and our limited resources" ... The raw materials case has an impact on billions of dollars of global trade, the US says. (BBC News -- Americas)
* Consumer Price Index contracted 1.84% last month Nov 6, 2009
23 percent year-on-year last month, although international metals and some raw materials saw sharp price hikes from a month earlier. Wu said domestic wholesalers will bear the brunt of the rising prices and it will take a while to impact retailers and consumers. (Taipei Times, Taiwan -- World Business)
Thaksin Appointment Prompts Thailand to Reviews Cambodia Deals in Protest Nov 6, 2009
Thailands biggest producer of the building material, imports raw materials for its cement plant in Cambodia. Thailands biggest publicly traded miller, opened a plant in Cambodia this year. (Bloomberg -- Asia)
CEO of Samba Foods calls for proactive SMEs Nov 6, 2009
She noted that the SMEs are supposed to spearhead the nation's development agenda in the agro-business sector through value addition to raw materials ... Mrs Osafo-Addo catalogued lack of a national holistic policy to take care of the specific needs of SMEs, raw materials, cost effective and efficient machinery, committed and skilled work force, and understanding by officialdom of the needs of SMEs as some of the major challenges facing the enterprises. (Ghana Web, Ghana)
Breast Milk is Best for Newborns, but the Bottle Is Fine, Too Nov 6, 2009
Non-organic formula can contain the same or higher amounts of chemical residues left over from its raw materials. One way around this is to buy organic formula. (Scientific American)
VALCO key in economic transformation - Minister Nov 5, 2009
"It is significant to note that VALCO currently has in stock substantial amounts of major raw materials to get the plant running for at least three months before replenishments are required." "It is estimated that at least two months will be required to hire employees, train and re-train then and to re-commission the equipment before actual manufacturing operations start," the Minister said. 04 Nov. 09. (Ghana Web, Ghana)
WTO panel asked to rule on China raw materials Nov 5, 2009
U.S. requests WTO panel to rule on China raw materials restrictions_English_Xinhua. U.S. requests WTO panel to rule on China raw materials restrictions ... WASHINGTON, Nov. 4 (Xinhua) -- The United States requested the World Trade Organization (WTO) on Wednesday to establish a dispute settlement panel to rule on China's export restraints on raw materials. (Xinhuanet, China)
Pidilite ready to make big moves Nov 5, 2009
With crude oil prices climbing up again, the company instead of saving on raw materials costs may have to pay more in the forthcoming quarters. At its current price, the stock is valued at twice its net sales. (India Times)
FMCG: Inflation may spoil show Nov 5, 2009
For fast moving consumer goods (FMCG) companies, the second quarter of this fiscal was characterised by significant savings on raw materials, volume growth on the back of aggressive ad spend and price cuts with smaller players outperforming the market leaders. The adverse impact of a weak monsoon is yet to be reflected in the performance of companies. (India Times)
Furniture Brands International Reports Third Quarter 2009 Financial Results Nov 5, 2009
Key elements of our supply chain initiatives include centralized purchasing of raw materials and supplies, accelerated implementation of Lean manufacturing practices, improved sales and operations planning, better management of third-party manufacturing through FBN Asia, outsourcing of domestic freight carriers for several brands, and consolidation of distribution centers ... Such factors include, but are not limited to: risks associated with the execution of our strategic plan; changes in... (Primezone Releases)
Soaring turmeric prices pinch masala makers Nov 5, 2009
However he added the company only recently increased its product prices by around 10% after general increase in prices of around 450 raw materials that are used by them. Apart from food processing industry and pharmaceutical companies, turmeric is a valuable raw material for paint and oil industries also. (India Times)
GDP seen to contract 2.3% this year but grow 4.1% next year Nov 5, 2009
4% growth in China this year and the country s domestic demand racing ahead global demand, countries exporting consumer durables, electronic components and raw materials to China have felt the positive flow-on effects. As a result, the World Bank is projecting 6. (The Star Online, Malaysia -- Business)
Gold hits record as India buys IMF bullion Nov 4, 2009
Indias purchase buoyed gold as industrial metals slumped on concern that governments will remove economic-stimulus measures, crimping demand for raw materials. Copper and lead both fell as much as 2. (Sydney Morning Herald -- Business)
China: U.S. partner, or rival? Nov 4, 2009
6: China's breathtaking economic expansion has led to a voracious demand for raw materials around the world and the rapid expansion of China's presence in countries as far apart as Venezuela ... Human rights groups say China is propping up repressive regimes in order to secure its access to critically important raw materials, including much sought after "rare earth" minerals which are a key component in consumer electronics such as cell phones ... 7: China is also a strong influence in the... (CNN -- International)
Necco Goes All-Natural Nov 4, 2009
The changeover will result in slightly higher costs for raw materials for Necco, but no additional manufacturing costs, she said, and it will not affect the shelf life of the candy. The company won't say if the move to all-natural might eventually extend to other product lines, including Valentine's Day favorite Sweethearts and Clark bars. (Fox News)
Funding for top projects tops agenda for meeting Nov 4, 2009
Project backers say the spur line, a $300 million project, would reduce transportation costs for mining companies hauling raw materials such as coal and bentonite from Interior Alaska to tidewater for export. The borough, with $10 million in state money approved in 2007, is seeking federal permission to build the line. (Anchorage Daily News)
PFB Corporation Announces Third Quarter Results for 2009 and Declares Regular Quarterly Dividend Nov 4, 2009
Plasti-Fab, EPS Product Solution are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. (CCNMatthews Press Releases)
Timminco Provides Update on Class Action Lawsuits Nov 4, 2009
Timminco cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Timminco's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to: global economic conditions; liquidity risks; credit risks; customer commitments for solar grade silicon; customer deposits; solar grade silicon production costs; quality of solar grade silicon; selling... (CCNMatthews Press Releases)
Canadian Currency Strengthens From One-Month Low as Gold, Crude Oil Gain Nov 4, 2009
Raw materials including gold and crude account for more than half of Canadas export revenue. The loonie earlier fell against its U.S. counterpart as a wider-than-estimated loss at UBS AG pushed down stocks. (Bloomberg -- Canada)
Standard Chartered 79% Return Overtakes HSBC With Asian Investment Rebound Nov 4, 2009
Until recent decades, Standard Chartered was the quintessential colonial bank; its role was to facilitate the shipment of manufactured goods to the U.K.s far-flung colonies and to finance the movement of raw materials back to Britain. It was a gentlemanly club with immense loyalties, says John Brinsden, 67, who retired in 1999 as resident director for Indochina after 38 years with the bank. (Bloomberg)
World Bank: Malaysia'a 2009 GDP to contract 2.3%, grow 4.1% in 2010 Nov 4, 2009
4 per cent growth in China this year and the country's domestic demand racing ahead global demand, countries exporting consumer durables, electronic components and raw materials to China have felt the positive flow-on effects. As a result, the World Bank is projecting 6. (The Star Online, Malaysia)
Representing Germany Nov 4, 2009
Despite some of these challenges, Langedyke said Germany is still a world leader in consumer goods and raw materials. Langedyke's group spent 14 hours in two weeks researching Germany. (Pocatello Idaho State Journal, ID)
Losses wane at Louisiana-Pacific Nov 4, 2009
However, much of the credit is due to the focus on cost containment, managing our operations more efficiently and lower raw materials costs. Because the fourth quarter is historically a weak part of the year for demand, our goal for the remainder of the year is to conserve cash and improve liquidity so that when this economic downturn subsides, we will be well positioned to compete," Frost said. LP manufactures wood materials for interior and exterior use in residential, industrial and light... (Nashville Business Journal, TN)
Index points to higher unemployment Nov 4, 2009
"Supply managers reported that prices for raw materials and supplies declined by an average of 0.4 percent over the past year," Goss said. "However, recent growth in the prices-paid index due to a weak dollar and record low Federal Reserve interest rates will result in elevated inflationary pressures at the consumer level as early as the middle of 2010.". (Casper Star-Tribune, WY)
Housing's Hot On Davis Ballot Nov 3, 2009
"People will be driving to town; they won't be riding their bikes, and people just don't do that from the edge of town. The houses are still built with raw materials that are taken from the ground from forests," said Fraser Shilling, a UC Davis professor, ecologist and opponent of the measure. "Sprawling subdivisions at the edge of town on agricultural lands have to end.". (KCRA 3, CA)
Rio Tinto softens stance on ore talks Nov 3, 2009
"Although many steelmakers have seen poor profits, they are not taking any initiative to curb production," said Ye Xiaofeng, general manager of Jiangxi-based Nanchang Changli Iron & Steel Co's raw materials division. "The price of domestic iron ore has limited room to fall further, and given the fact that European and Asian steel markets are reviving, next year's benchmark price may remain high.". (Xinhuanet, China)
Throwing his voice: RBA governor's secret weapon Nov 3, 2009
The share prices of our resource companies may soar because China demands our raw materials. A boom does not always equal a bubble. (Sydney Morning Herald -- Business)
Ridley Inc. Reports Financial Results for Fiscal 2010 First Quarter Nov 3, 2009
5% decline in gross profits, reflecting the decline in feed demand in the troubled livestock economy, and lower unit margins following a softening of raw materials prices from a year ago ... Cash flows last year were significantly affected by the substantial rise in raw material costs and the accumulation of raw materials in expectation of volatile markets which increased inventory and accounts receivable balances ... Commodity-based agricultural raw materials constitute a significant component... (CCNMatthews Press Releases)
Brazilian Stocks Trading in N.Y. Jump on U.S., China Manufacturing Growth Nov 3, 2009
Vale and Petrobrass American depositary receipts climbed more than 1 percent as the Reuters/Jefferies CRB Index of 19 raw materials advanced ... The Baltic Dry Index, a measure of commodity shipping costs, extended last months 40 percent surge as steadying Chinese steel prices boosted demand for raw materials to make the alloy. (Bloomberg -- Latin America)
Swisscanto Buys Australian Bonds to Limit on Bet Currency Will Advance 6% Nov 2, 2009
More than half of the nations overseas shipments are made up of raw materials. Australias economy will expand 1. (Bloomberg -- Australia & New Zealand)
Muru Dam: More than 100 wildlife species at risk Nov 2, 2009
(The construction of the Murum Dam has already begun in ernest, with site clearing, road clearing, hill blasting and transportation of raw materials and workers in full-swing). A field survey of 15 sites in the forests affected by the Murum project found 99 species of birds and at least 19 species of mammals. (The Star Online, Malaysia)
Canadian Currency Drops as Officials Say It's Too Strong, Oil, Stock Slump Nov 2, 2009
Raw materials account for more than half of Canadas export revenue, and crude is its biggest export. Doesnt Feel Complete. (Bloomberg -- Canada)
Stocks Drop Most in Month on Stronger Yen, Weaker Commodities; Canon Falls Nov 2, 2009
Japans largest trading company which generates more than half of its profit from raw materials, declined 3. 1 percent on lower commodity prices. (Bloomberg -- Japan)
Zimbabwe: Mugabe Accuses PM's Party of Dishonesty Nov 1, 2009
"Our companies can no longer do business there, the markets no longer exist. "Raw materials and spare parts from Europe are no longer coming. "Masanctions, handi masanctions anorambidza vanhu vakasarudzwa kufamba asi mabusiness edu haakwanisi kutengeserana. "Zvinorwadza nekuti nyika yedu yanga ine economy yangayakatarisa kunyika idzodzo. (allAfrica.com)
Maoist insurgents extend their campaign of violence in India Nov 1, 2009
Maoists accuse the government of trying to push tribal groups off their land to gain access to raw materials and have sabotaged roads, bridges, and even an energy pipeline. If the Maoists political goals seem unattainable, analysts warn, they will not be easy to uproot, either. (Boston Globe)
Iranian Lawmakers Reject Uranium Plan Nov 1, 2009
Otherwise, they should offer to trade finished fuel rods for the raw materials in a simultaneous exchange. Neither side trusts the other, so the Iranian comment regarding not trusting the West is a simple smoke screen. (CBS News)
Hindustan Unilever Profit Falls 22% on Increased Spending for Marketing Nov 1, 2009
9 percent a year earlier on lower costs of raw materials. Profit before interest and tax from personal care products such as skin creams and toothpaste rose 23 percent to 3. (Bloomberg -- Asia)
Survey finds optimism at health-care firms Oct 31, 2009
The survey also found that 83 percent of health-care CFOs are more concerned about paying for employee benefits, including health care and pensions, than other costs, such as energy, insurance or raw materials. Most Read Stories. (Triangle Business Journal)
Brazil Stocks Drop, Cap Worst Week in Eight Months, on Oil Slump, Embraer Oct 31, 2009
The of 19 raw materials dropped 2. 1 percent. (Bloomberg -- Latin America)
Canadian Currency Tumbles as Report Shows Economy Unexpectedly Contracted Oct 31, 2009
Raw materials account for more than half of Canadas export revenue, and crude is the nations biggest export. Government bonds rose, pushing the Canadian two-year notes down nine basis points, or 0. (Bloomberg -- Canada)
EDCI Holdings, Inc. Announces 3Q2009 and YTD 3Q2009 Results Oct 31, 2009
Some of these results and uncertainties are discussed in EDCI's most recently filed Annual Report on Form 10-K. These factors include, but are not limited to the current global and economic downturn; declining nature of CD and DVD industries; potential intellectual property infringement claims; variability of quarterly results and dependence on key customers; increased costs or shortages of raw materials or energy; international business risks; foreign currency translation and transaction risks;... (Yahoo! Wire -- Entertainment News)
Canberra gives green light for Aquila purchase Oct 31, 2009
The deal is Baosteel's first big international strategic investment in a public company and secures it a long-term supply of raw materials. It will have a preferential opportunity to invest directly in most of Aquila's projects and will provide support in sourcing financing from Chinese institutions, Aquila has said. (Sydney Morning Herald -- Business)
Are Investors Ready for Higher Interest Rates? Oct 30, 2009
Of course, a weak dollar can also push higher the prices of commodities like raw materials or oil. An Inflection Point. (BusinessWeek)
* [BUSINESS BRIEFS] Oct 30, 2009
2 billion in write backs for stockpiles and raw materials in the third quarter, it said on Wednesday. Nine-month net income dropped to NT$3. (Taipei Times, Taiwan -- World)
Canadian Dollar Climbs From 3-Week Low as Stocks, Oil Gain on U.S. Growth Oct 30, 2009
The Reuters-Jefferies of 19 raw materials rose 2 ... Raw materials generate more than half of Canadas export revenue, and crude is the nations biggest export. (Bloomberg -- Canada)
Norbord Reports Third Quarter 2009 Results Oct 30, 2009
Note 4 - Inventory ------------------ Sep 26 Dec 31 (US $ millions) 2009 2008 ------------------------------------------------------------------------- Raw materials $ 16 $ 20 Finished goods 34 32 Operating and maintenance supplies 25 29 ------------------------------------------------------------------------- $ 75 $ 81 ------------------------------------------------------------------------- ------------------------------------------------------------------------- At period end, the provision... (Canada Newswire)
Analysis: SABMiller gives new meaning to home-brewing in Africa Oct 30, 2009
Currently about 82 percent of the raw materials used in the final product are imported. Mark Bowman, the managing director of SABMiller Africa, said at a press briefing earlier this week: "The long supply chains offer opportunity to localise and to take out costs.". (Business Report, South Africa)
Ethnic Uighur journalist detained in China Oct 30, 2009
Beijing is sending a top-level official to Australia this week for the first time since a series of rows sent relations plummeting between the Asian giant and one of its key suppliers of raw materials. In a sign that tensions between the two countries are finally easing, Chinese Vice Premier Li Keqiang - considered a potential future president - was to arrive late Thursday in Sydney and be greeted by Deputy Prime Minister Julia Gillard. (Fresno Bee -- Local)
Warm welcome signals diplomatic thaw Oct 30, 2009
In a speech to the Australian National University's China Institute, Mr Smith said the relationship between China and Australia was based on mutual respect and mutual benefit and was underpinned by China's demand for raw materials, food and energy. "We have been going through some tense times but we're very confident that we're now effectively back to business as usual," Mr Smith said. (Sydney Morning Herald -- Australia)
Evraz Says Pipe Orders May Spur Oregon Plant Restart as Steel Demand Gains Oct 30, 2009
China has high-cost steel production as it relies on imports of raw materials, he added. China has no reason to export its steel below the cash costs. (Bloomberg -- Europe)
Baosteel to acquire part of Aquila Oct 30, 2009
It is Baosteel's first strategic investment in a public company and secures it a long-term supply of raw materials. Baosteel will have a preferential opportunity to directly invest in most of Aquila's projects and will provide support in sourcing financing from Chinese institutions for the projects, Aquila said in a statement in August. (Sydney Morning Herald -- Business)
Silicon Motion Announces Third Quarter Results for the Period Ended September 30, 2009 Oct 30, 2009
Potential risks and uncertainties include, but are not limited to, our belief in the outcome of any claim or lawsuit, including those uncertainties relating to litigation filed against the Company relating to whether its products are covered by patents not owned by the Company; unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or... (Primezone Releases)
Sims Metals Profit Drops 77% on Demand Slump in North America, Europe Oct 30, 2009
Mitsui Raw Materials holds a 19 percent stake in Sims. Sims agreed to buy Metal Management Inc. for $1. (Bloomberg -- Australia & New Zealand)
Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend Oct 30, 2009
We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended September 30, 2009 compared with revenues of $82.9 million and net income of $6.5 million for the quarter ended September 30, 2008. Wholesale electric revenues from company-owned... (Primezone Releases)
Avon Calling Emerging Market Investors at 13% Discount to Brazil's Natura Oct 30, 2009
The less advanced markets are leading the global economy out of its first recession since World War II as gains in raw materials from oil to copper boost earnings from producers such as Brazil. Stimulus plans led by Chinas 4 trillion-yuan ($586 billion) package are fueling demand for real estate, automobiles and appliances. (Bloomberg -- Latin America)
What Are Coral Reef Services Worth? $130,000 To $1.2 Million Per Hectare, Per Year Oct 29, 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). (Science Daily)