* [BUSINESS BRIEFS] Jul 1, 2009
More than 30 Taiwanese suppliers took part in the mission, representing hardware products, hand tools, automotive and motorcycle parts and accessories, computer peripherals, industrial machinery, plastic and rubber raw materials and products, textiles and housewares. Science park inks Spain deal. (Taipei Times, Taiwan -- Business)
Destination Maternity Corporation Added to Russell 2000(R) Index and Russell 3000(R) Index Jul 1, 2009
The following factors, among others, in some cases have affected and in the future could affect the Company's financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any such forward-looking statements: the impact of the current global economic slowdown on the retail industry in general and on apparel purchases in particular, our ability to successfully manage our various business initiatives, our ability to successfully... (PR Newswire)
China Development Bank Plans to Open Rio Branch, Expand Lending in Brazil Jul 1, 2009
Brazil is a real source for raw materials and intermediate products for China to import, said , a former Merrill Lynch & Co. chief economist who runs Los Angeles-based Straszheim Global Advisors, a consulting firm for investors in China. Its very natural that CDB would want to do this. (Bloomberg)
Canadian Currency Tumbles to Six-Week Low as Crude, U.S. Confidence Drop Jul 1, 2009
Raw materials generate 60 percent of Australias exports, 70 percent of New Zealands and more than half of Canadas. Bet Against Greenback. (Bloomberg -- Canada)
Plastics From Biomass? Inexpensive Method For Removing Oxygen From Biomass Discovered Jul 1, 2009
5, 2006) Liquid fuels can be produced economically from biomass right now even if all the raw materials - such as grasses and wood - must be imported from other countries. Robin Zwart and colleagues in The. (Science Daily)
Construction of new Soo shipping lock beginning Jul 1, 2009
The Soo Locks complex raises and lowers ships on the river linking Lake Superior and Lake Huron, forming a vital gateway for freighters hauling iron ore, coal and other raw materials to port cities such as Detroit and Cleveland. Last year, more than 8,460 vessels hauling a combined 81 million tons of freight passed through the locks. (Chippewa Falls Chippewa Herald, WI)
Fertiliser subsidy seen at Rs 600 bn Jul 1, 2009
The subsidy burden was likely to fall as the prices of key raw materials have fallen 50-60 percent since last year, Ashwani Agarwalla, equity analyst with JM Financial Mutual Fund, told media. Read business stories in. (India Times)
China accuses Google of spreading pornography Jul 1, 2009
Locke and Kirk's letter raised the possibility that Washington might challenge China's rule in the WTO. The United States and European Union filed WTO complaints Tuesday accusing China of improperly favoring its domestic industries by restricting exports of industrial raw materials. Chinese officials insist the filtering software is aimed at blocking access to violent or pornographic material online. (Yahoo News -- Technology)
The NPP Party On Trial Jul 1, 2009
94 billion, however due to the high demand in our raw materials, this figure was significantly improved from $ 3. 94 billion in 2001 to $16. (Ghana Web, Ghana)
Your views: Cap-and-trade rancor Jul 1, 2009
Everything we buy will increase in price, including clothing, food, drink, housing, cars, gasoline, travel, fuels, wood, and raw materials. When will politicians realize you cant use fairy tales to frighten the public and then create government promises to save them by a scheme that involves raising their taxes. (Florida Today)
Botswana: Chinese Burst Onto Mining Scene Jun 30, 2009
According to the Chief Geologist at DGS, Johannes Tsimako, Chinese companies are being drawn to Botswana by the need to source and develop raw materials for their own industries ... "The key attraction is the need for raw materials for their own industries," Tsimako says ... These companies are being empowered to source and develop raw materials in response to demand in their home country which has declined marginally this year due to the global recession. (allAfrica.com)
Commodity Rally May Be Ending as Production Expands, Hedge Funds Trim Bets Jun 30, 2009
Commodities rose 14 percent this quarter, led by nickel, oil and sugar, after three consecutive declines, according to the of 19 raw materials. This years 57 percent advance in oil costs, combined with widening budget deficits, may cause another global slump, said , the New York University economics professor who predicted the financial crisis. (Bloomberg -- Canada)
Asian stocks on track for record quarter Jun 30, 2009
However, the third quarter could be a time of reckoning if higher raw materials prices snuff out a nascent recovery. "Just how higher oil prices are a boon to the global economy when consumers are struggling to keep jobs and make payment on negative equity housing 00004000 loans is a mystery. We are confident that threats to risk appetite and risk assets point clearly toward potential reversal, not extension of gains," said Patrick Bennett, Asia foreign exchange and rates strategist with Societe... (Sydney Morning Herald -- Business)
More fighting, less funds hurt mine eradication Jun 30, 2009
One reason is that the mines provide raw materials for militants to repurpose and use against U.S. and NATO forces. The mines are used to make roadside bombs, or what the military calls improvised explosive devices or IEDs, the main killer of U.S. forces in nearby Iraq. (San Francisco Chronicle)
Brazil's Bovespa Rises to 2-Week High on Government Measures, VisaNet IPO Jun 30, 2009
The , while down 2 percent in June, is headed for its best quarter since the last three months of 2003 on speculation lower interest rates and rising demand for raw materials will boost Latin Americas biggest economy. The gauge has gained 27 percent this quarter and 39 percent in 2009. (Bloomberg)
Asia Stocks up, Oil Surges at Quarter's End Jun 30, 2009
However, the third quarter could be a time of reckoning if higher raw materials prices snuff out signs of a nascent recovery. "Just how higher oil prices are a boon to the global economy when consumers are struggling to keep jobs and make payment on negative equity housing loans is a mystery. We are confident that threats to risk appetite and risk assets point clearly toward potential reversal, not extension of gains," said Patrick Bennett, Asia foreign exchange and rates strategist with Societe... (ABC News -- Wire)
China's grip tightenson 'green' metals Jun 30, 2009
Its production and wide range of uses reflect the competition over raw materials in the area of green technologies ... Smith predicted that if the US does not renew its capacities, in the best case it will become a source of raw materials for China's production, and not a manufacturer itself of advanced clean technologies. (Asia Times Online)
Canada Stocks Rise for Fifth Day as Suncor, Equinox Gain With Commodities Jun 30, 2009
Equinox Minerals Ltd., the owner of Africas biggest copper mine, and , an operator of mines in China, rose as the Reuters/Jefferies CRB Index of 19 raw materials added 1. 2 percent. (Bloomberg -- Canada)
Canadian Currency Weakens Before Economic Reports, Poised for Monthly Drop Jun 30, 2009
Canada relies on raw materials for more than half its export revenue, and crude is the countrys largest export. With crude oil higher, I like buy Canada, said , head currency trader in Toronto at BMO Capital Markets, a unit of Canadas fourth-largest lender. (Bloomberg -- Canada)
China New Latin Bad Boy Replacing the U.S.: Alexandre Marinis Jun 30, 2009
Its taking advantage of the world credit crunch to buy Latin American companies and provide loans to the continents nations in exchange for the guaranteed supply of raw materials -- oil, iron ore, soy beans -- the Chinese need to sustain ... While China becomes the largest buyer of raw materials and commodities produced in Latin America, low-priced Chinese goods flood the region. (Bloomberg -- Columnists)
Japanese industrial output up 5.9% on-month in May Jun 29, 2009
com - Japanese industrial output up 5. Japanese industrial output up 5. (Channelnewsasia.com)
Japanese industrial output rises for third month Jun 29, 2009
"Exports are likely to rebound less sharply and so is production," he said, noting that demand is cooling for Japanese exports of raw materials to China and other Asian nations. Production in May was largely boosted by higher output of automobiles, cellphones and electronic devices, which had seen a particularly sharp decline in demand due to the global economic slowdown. (Sydney Morning Herald -- World)
Golden Phoenix Minerals Appoints Clyde Harrison to Its Board of Directors Jun 29, 2009
More recently, Mr. Harrison was the Founding Member of Beeland Management Company, LLC. During his 5-year tenure as its CEO, Mr. Harrison managed the Rogers Raw Materials Index Funds, which gained 150% while the benchmark S&P index gained 1. Mr. Harrison is a former member of the Managed Futures Committee of the Chicago Mercantile Exchange, consulted for NBD Bank and Northern Trust, was named Special Consultant to the Chairman of the Chicago Board Options Exchange and is a prior member of the... (PR Newswire)
Asian employment at risk Jun 29, 2009
"The recent rise in oil prices raises the risk that firms in Asia face greater pressure to lay off workers," Neumann said, noting profit margins would be squeezed as raw materials prices rise just as manufactured goods are under pressure to fall. "In fact, China's growing demand for commodities may push up raw material prices globally and therefore undermine prospects for a global recovery, especially in developed markets," he said. (India Times)
William Haddad, CEO, Biogenerics Jun 29, 2009
9% of all raw materials for all of the generic products, mainly from India. They are getting more strict with all overseas plants and companies because of what is happening in China and the Ranbaxy issue. (India Times)
Shell Aims to Restart Clyde Oil Refinery in Sydney Late July After Repairs Jun 29, 2009
Clyde, the oldest of Australias seven operating refineries, processes about 30 million barrels of crude oil and other raw materials a year, and supplies about 40 percent of Sydneys petroleum requirements, according to the companys. Shell has sourced fuels from its own and other companies plants both within the country and in Asia to maintain supplies. (Bloomberg -- Australia & New Zealand)
Violence delays mine clearing in Afghanistan Jun 29, 2009
Raw materials for militantsOne reason is that the mines provide raw materials for militants to repurpose and use against U.S. and NATO forces. The mines are used to make roadside bombs, or what the military calls improvised explosive devices or IEDs, the main killer of U.S. forces in nearby Iraq. (MSNBC -- International)
Absurd double standards on China's resources Jun 29, 2009
That is what the U.S. and the E.U. members have done these days, and they even went so far last week as to file complaints with the World Trade Organization (WTO) over China's restrictions on exports of some industrial raw materials, which are literally vital strategic resources to China ... What's more, if they think China should be the provider of the precious raw materials like rare earth, they should also admit the fact that China is also an export country for ferrous metals and primary meat... (People's Daily Online, China)
China's ships idle but Shanghai port charges ahead Jun 28, 2009
" onclick="Next();" src="/images/butt_next. " "Charter rates are so low now we would rather anchor the ships and save the cost of crew and fuel," the dispatcher for state-run Shanghai Puhai Shipping Co. said on condition of anonymity because he was not allowed to speak to reporters. World shipping prices in the past week were down about 68 per cent from a historic peak in May last year, according to the Baltic Exchange Dry Index, which gauges international dry bulk good shipping prices. Low... (Channelnewsasia.com)
Gold hits 2-week high above $946; dollar retreats Jun 28, 2009
RECOVERY PLAYS Higher base metal prices, which have soared since the start of the year, could encourage investors to switch out of their holdings in gold to take advantage of higher demand for raw materials ahead of any economic recovery, analysts said. "I'm concerned there will be more appetite for other things, and gold could get neglected if people want equities, energy and industrial metals," said Robin Bhar, an analyst at Calyon. (India Times)
Nigeria: Fashola Inaugurates Awo Museum, Urges Spirit of Competition Jun 28, 2009
The Governor expressed the hope that the institute would help to provide answers to nagging questions as to why Africa as a continent that is richly blessed and a continent that supplied oil, gold, diamond, coffee, copper, cocoa and all the basic raw materials that supports human race still remains the most underdeveloped continent. Said he: "One hopes the institute would encourage debates to find answers to questions on what we must do to add value to and take benefit of nature"s extraordinary... (allAfrica.com)
GM’s plant decision brings Tennessee uncertainty Jun 28, 2009
It s the one site in America where you can come in and roll raw materials in the front door and roll finished product out the back. Herron said he had no information on whether the plant could be sold to companies buying the brands GM is shedding in bankruptcy protection, like Saturn or Hummer. (Columbia Daily Herald, TN)
CFN: NC State Preview Offense Jun 28, 2009
Outlook: While the raw materials are in place for the Wolfpack to have a dangerous set of receivers for Russell Wilson, they still need to be molded into complete players, who show up every single Saturday. Spencer is the poster child. (StateFans.com)
* Protectionism by any other name sounds Chinese Jun 28, 2009
And in an effort to strengthen its own exporters, it is limiting how much of certain key raw materials can leave the country. Ron Kirk, the US trade representative, announced on Tuesday that the US and the EU had filed a complaint with the WTO accusing China of limiting exports like bauxite and zinc, of which China is one of the worlds largest producers, to give an unfair advantage to Chinese manufacturers that use the materials. (Taipei Times, Taiwan -- Sports)
Canadian Currency Heads for June Loss After Posting a Record Gain in May Jun 28, 2009
Raw materials generate more than half of Canadas export revenue, and crude is the nations biggest export. Stocks declined, with the Index down for a second straight week. (Bloomberg -- Canada)
Business expenses and bad debts Jun 27, 2009
Insurance premiums paid to a Malaysian insurance company on importing and exporting cargo or raw materials. Dr Choong Kwai Fatt is a tax consultant and associate professor at Universiti Malayas Faculty of Business and Accountancy. (The Star Online, Malaysia -- Business)
A leg up for sole provider Jun 27, 2009
We are thorough in our processing of raw materials, and we carry out stringent evaluation of our semi-finished and completed products to ensure the quality of our products ... Today, Multi Sports is a vertically integrated company that can process raw materials, manufacture components for shoe sole production, and develop and design shoe soles ... We are thorough in our processing of raw materials, and we carry out stringent evaluation of our semi-finished and completed products to ensure the... (The Star Online, Malaysia -- Business)
Supportive plans to buy foreign distributor Jun 27, 2009
Our competitive edge is that we have the capability to produce the components and plastic injection moulds, and source competitively-priced raw materials for our customers, Lee said. On the groups property development business, Lee said its RM360mil Aman Bayu project in Butterworth would contribute about 30% to revenue this year. (The Star Online, Malaysia -- Business)
Two Lost Icons: For Generation X, A Really Bad Day Jun 27, 2009
And the vinyl version of "Thriller," redolent of raw materials and production lines, is a ghost in the virtual world of iTunes a world that the generation after X negotiates with the fluidity of natives. In the 1990s, members of Generation X would often laugh in bars about how the time of the Boomers was passing about how the quaintness and naivete that made up the 1960s was, finally, a grave being danced on by Kurt Cobain. (Fox News)
Canadian Currency Posts Fourth Weekly Loss as Crude Oil, Equities Decline Jun 27, 2009
Raw materials including crude account for more than half of Canadas export revenue. The Index posted its second weekly loss, declining 0. (Bloomberg -- Canada)
Crude Oil, Gasoline Decline on Signs U.S. Economy May Be Slow to Recover Jun 27, 2009
Declining crude oil and gasoline prices helped send the of 19 raw materials lower for the first time in four days. The index dropped 0. (Bloomberg -- Canada)
GM to Build New Subcompact in Michigan Jun 27, 2009
"It's the one site in America where you can come in and roll raw materials in the front door and roll finished product out the back.". Herron said he had no information on whether the plant could be sold to companies buying the brands GM is shedding in bankruptcy protection, like Saturn or Hummer. (Fox News)
WTO: Climate Change Fight Trumps Free Trade Jun 27, 2009
China this week defended its curbs on exports of industrial raw materials by saying the measures are meant to protect the environment. The United States and European Union filed WTO complaints Tuesday accusing Beijing of unfairly favoring its domestic steel, chemicals and other industries by restricting foreign rivals' access to key materials. (Newsmax)
Speed up customs reform Jun 27, 2009
The other suggestion is to reduce peak custom duty keeping raw materials in mind, and not finished goods. The gameplan for lower duties on raw materials, so as to boost value-addition, may have had some merit in the old days of cascading duties on manufactures ... But in a regime of value-added taxes both on production and consumption of goods implying provision for setoffs of taxes paid earlier in the value chain the duty differential between raw materials and finished products is not... (India Times)
* China marks global anti-drug day by killing 20 criminals Jun 27, 2009
There are more cases of smuggling and trading of chemical raw materials for drug production. . (Taipei Times, Taiwan)
Canadian Currency Heads for a Weekly Decline on Outlook for Global Growth Jun 26, 2009
Raw materials including crude oil account for more than half of Canadas export revenue. The Federal Reserve said in a policy statement yesterday it doesnt plan to increase its purchases of bonds and that the pace of economic contraction in the U.S. is slowing. (Bloomberg -- Canada)
Inscape Corporation Announces Fourth Quarter and Annual Results Jun 26, 2009
In addition to lower sales volumes, margins were eroded by higher raw materials costs for most of the year and by lower realized exchange rates versus fiscal 2008. Selling, general and administrative expenses ("SG&A") in the fourth quarter were 27. (CCNMatthews Press Releases)
Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Action Jun 26, 2009
These risks and uncertainties are contained in the Corporation's filings with the Securities and Exchange Commission and include, but are not limited to: information of a preliminary nature that may be subject to adjustment, potentially not obtaining or delay in obtaining FDA approval for new products, governmental restrictions on the sale of certain products, development by competitors of new or superior products or less expensive products or new technology for the production of products, the... (PR Newswire)
Mexico's gamble Jun 26, 2009
On the other, environmentalists warn that producing raw materials for ethanol and biodiesel displace production of basic grains, especially maize, the staple of the Mexican diet ... Now they will have to adapt so they can use different raw materials such as sugar cane. (BBC News -- Business)
PC makers race to comply with China ruling Jun 26, 2009
The United States and European Union filed complaints last week over Chinas curbs on exports of industrial raw materials, saying they unfairly favoured its domestic industries. Last year, Beijing ordered foreign sellers of computer security technology to disclose how their products work. (The Star Online, Malaysia)
Robbins & Myers Announces Third Quarter 2009 Results and Regular Quarterly Cash Dividend Jun 26, 2009
The most significant of these risks and uncertainties are described in our Form 10-K and Form 10-Q reports filed with the Securities and Exchange Commission and include, but are not limited to: the cyclical nature of some of our markets; a significant decline in capital expenditures in our primary markets; a major decline in oil and natural gas prices; reduced demand due to the general worldwide economic downturn and general credit market crises; increases in competition; changes in the... (PR Newswire)
Fitting squares into circles Jun 26, 2009
The raw materials are comparatively inexpensive and can be handled at lower temperatures as well. "We agonized over the basic shape of the filter segments," says Jrg Adler. (EurekAlert! -- Business News)
Dollar tipped to hover around 80 US cents in 2009 Jun 26, 2009
Since March, China - Australia's second largest trading partner - has been buying up crude oil, copper, coal and other raw materials, helping to push the Standard & Poor's GSCI, a key index of global commodity prices, up 26 ... "Mostly because raw materials are going to go into a lot of China's capital spending works.'' "China looks like having a 'V' shaped economic recovery. (Sydney Morning Herald -- Business)
China executes drug mules Jun 26, 2009
"There are more cases of smuggling and trading of chemical raw materials for drug production.". State media reports cited authorities saying "designer" drugs such as methamphetamine, ecstasy and ketamine were emerging as a new and dangerous segment of the drug market. (iAfrica.com)
Oil Is Little Changed Near $70 After Rising on Nigerian Pipeline Attacks Jun 26, 2009
A falling dollar makes raw materials such as oil and gold an attractive alternative investment. The dollar traded at $1. (Bloomberg -- Canada)
Jackson, Fawcett deaths: Bad day for Gen X Jun 26, 2009
And the vinyl version of Thriller, redolent of raw materials and production lines, is a ghost in the virtual world of iTunes a world that the generation after X negotiates with the fluidity of natives. Michael Jackson, 1958-2009. (MSNBC -- Music)
Is a Trade War with China Brewing? Jun 26, 2009
While there may be no direct link to Beijing's recent action, the U.S. and the European Union this week brought a complaint against China at the World Trade Organization (WTO) for restricting exports by Chinese producers of raw materials such as coke, magnesium, and zinc that are used in making steel and aluminum. The U.S. and the E.U. argue this harms their manufacturers by making those raw materials more expensive ... China has ratcheted up imports of some raw materials such as iron ore. (Time.com)
Nigeria: Global Crisis Hits a Roadside Restaurant Jun 26, 2009
Julius Olarewaju, a member of Nigeria's Manufacturers' association says the devaluation of the naira means manufacturers have to spend more money on imported raw materials. "A lot of our inputs, major inputs, chemicals, whatever are imported. With the value of the naira going down, it means you need more naira to be able to buy whatever inputs you want. So it again escalates the cost of our production, and it is not good enough, it is killing our factories," he told IPS.. (allAfrica.com)
U.S. Slams China on Exports Jun 25, 2009
The U.S. and the European Union on June 23 formally accused China of illegally hampering exports of raw materials in order to benefit its own manufacturers ... U.S. Trade Representative Ron Kirk said he the World Trade Organization to step in and resolve the issue after two years of unsuccessful U.S. attempts to persuade China to "lift these unfair trade restrictions" on nine raw materials used in the making of steel, aluminum, and chemicals ... Kirk said the move does not mean that "tensions... (BusinessWeek)
Asas Dunia developing over 1,000 homes in Seberang Prai Jun 25, 2009
There were also a lot of raw materials being brought in and piling works are being carried out at full steam. This indicates that there is commitment to complete the bridge on schedule in 2012, which will unlock the full value of the land in South and Central Seberang Prai, Chan told reporters after the company AGM.. (The Star Online, Malaysia)
UK court freezes assets of Tannenbaum attorney Jun 25, 2009
Tannenbaum's Frankel Group was supposed to have agreements for raw materials for antiretrovirals (ARVs), which were meant to be supplied to pharmaceutical companies to manufacture generic ARVs. However, many of the group's purchase orders are allegedly fraudulent or fictitious. (Business Report, South Africa)
Lack of planning makes SA a victim to global whims Jun 25, 2009
They seek to boost their economies and leverage their comparative economic advantages to access sources of raw materials and markets for their manufactured goods ... We are mere suppliers of raw materials and consumer markets for their manufactures. (Business Report, South Africa)
Review may lift steel usage capacity Jun 25, 2009
It is a also a means to source for raw materialso, that are not locally produced, for the construction and manufacturing sectors ... In addition, the international market is also quite stable with sufficient supply of raw materials, he said. (The Star Online, Malaysia -- Business)
China defends export limits against US and EU Jun 25, 2009
China's government will contest complaints to the World Trade Organisation (WTO) from the EU and the US that the nation unfairly limits exports of raw materials such as magnesium, coke and zinc ... US trade representative Ron Kirk said on Tuesday: "China's policies on these raw materials put a giant thumb on the scale in favour of Chinese producers. It's our job to make sure we remove that thumb." ... The raw materials complaint accuses China of using taxes or quotas to discourage the export of... (Business Report, South Africa)
Egyptian Plaza sells at sheriff's auction Jun 25, 2009
Drrrrr wrote on Jun 24, 2009 11:13 AM:" There are plenty of sub-par/wonderful restaurants and nightclubs on Main street that don't get the kind of traffic they should be getting because people around here don't usually patronize such things. In fact there is almost zero walking traffic on Main because the business are pretending to be too upscale which alienates a lot of our population.A factory would be ideal.A handmade custom designed-pinata factory would be the best thing for this town. Cheap... (Klamath Falls Herald & News, OR)
