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Rising raw materials costs are forcing major steel mills to act BEIJING: China's third- largest steel mill Wuhan Iron and Steel Group announced on Wednesday a price increase on key steel products by 500 yuan ($73) per ton for May on the back of rising raw materials costs. China's other major steel mills including Baosteel and Anshan Iron and Steel Gro...
Cnooc Ltd, China's biggest offshore energy explorer, and Sinochem Group may separately bid as much as $3 billion for a 40 percent stake in a Brazilian oilfield owned by Norway's Statoil ASA, two people with knowledge of the companies' plans said. The stake in the Peregrino field off the Brazilian coast may fetch between $2.5 billion and $3 billion, the...
Gladstone: The master and chief officer-on-watch of the Shen Neng 1, that ran aground on the Great Barrier Reef, have been arrested. The Australian Federal Police said the arrests followed a joint investigation along with the Great Barrier Reef Marine Park Authority (GBRMPA) and the Australian Maritime Safety Authority (AMSA). Investigations showed that the...
Beijing - China raised gasoline and diesel prices by 320 yuan ($47) per ton, or 4 to 5 percent, starting Wednesday. The increase is the first price hike in five months and pushes domestic prices to new highs. This equals a price hike of 0.24 yuan per liter of gasoline and 0.27 yuan per liter of diesel, said the National Development and Reform Commission...
HOUSTON - China Petrochemical Corp agreed to pay ConocoPhillips $4.65 billion for its stake in Syncrude Canada Ltd, a higher price than analysts expected, as Asia's biggest refiner seeks overseas petroleum reserves. China Petrochemical, the Beijing-based company known as Sinopec Group, will buy about 9 percent of oil-sands producer Syncrude through its u...
Beijing: The Chinese mainland and Taiwan will open tourism representative offices on each other's side of the Taiwan Strait in May, a mainland spokeswoman said here Wednesday. The mainland-based Cross-Strait Tourism Exchange Association (CTEA) will set up its Taipei office on May 7, while the Taiwan-based Taiwan Strait Tourism Association will establish ...
BEIJING - Engineering, procurement and construction major Metallurgical Corporation of China Ltd (MCC) is in the running for the zinc assets owned by diversified miner Anglo American Plc, according to company officials. Anglo American's zinc assets include the wholly owned Skorpion and Lisheen mines in Namibia and Ireland and a 74 percent interest in the...
BEIJING - Small-cap shares on the A-share market suffered their biggest loss in three months on Tuesday in volatile trade as profit-taking by investors led to capital outflows. Eight companies listed on the ChiNext start-up board fell to their 10-percent daily trading limits. Beijing Ultrapower Software Co Ltd, the highest-priced stock on the A-share mark...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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