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JPMorgan says further falls are likely; cuts its MSCI China Index forecast SINGAPORE: Chinese stocks may fall further before reaching a "bottom" in April or May as money supply growth slows and policy risks increase, JPMorgan Chase & Co said. The brokerage cut its December 2010 forecast for the MSCI China Index, tracking mainly Hong Kong-traded main...
BEIJING: Beijing police is investigating the mercury poisoning of a 13-year-old student allegedly caused by a can of Sprite, municipal authorities said Tuesday. Parents of the boy came to the police claiming their child was poisoned by the deadly chemical substance after drinking an aluminum can of Sprite on January 17, a police officer said on condition ...
Analysts question company's move into 'unfamiliar' territory China International Marine Containers (Group) Co (CIMC), the biggest container provider in China, will purchase a 75 percent stake in Friede Goldman United (F&G) from Russia's MNP Group for $75 million to strengthen its marine engineering sector, the company said yesterday. "The purc...
China's leading steel mills have begun talks in Singapore with the big three global miners on 2010 contract iron ore prices, the China Times newspaper said in a report, but the Australian miners declined to comment. The paper said delegations from Baosteel, Wuhan Iron and Steel and others were already in the city to hold discussions with BHP Billiton and...
SHANGHAI: China, the world's largest metal consumer, will add to last year's record $32 billion spending on resource acquisitions as demand for iron ore, copper and oil soars with the fastest economic growth since 2007. Chinese companies will hunt for iron ore, coal, oil, copper and gold assets, said Jing Ulrich, the chairwoman of China equities and com...
BEIJING: China National Offshore Oil Company Limited (CNOOC) announced Tuesday that its targeted net production volume this year is between 275 million and 290 million barrels of oil equivalent (BOE). In its 2010 business strategy and development plan released on its website Tuesday, the firm said the production goal was set given a West Texas Intermediat...
Saudi Aramco plans to invest at least SR450bn ($120bn) in oil, gas and petrochemical projects over the next five to six years. According to Khalid Al-Falih, Saudi Aramco chief executive, investment will be directed into new gas and oil plant to meet growing energy demand, as well as new facilities enabling the continued development of petrochemical producti...
Yunnan Baiyao, a legendary Chinese herbal medicine famed for its seemingly magical ability to help wounds heal, is no longer a purely classic Chinese medicine. Now the iconic herbal brand, aspires to rival Johnson and Johnson or GlaxoSmithKline in global healthcare products manufacturing industry. The Yunnan Baiyao Group Co, manufacturer of the wonder dru...
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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