China is yet to be over its deadly tainted milk scandal because its largest dairy producer Mengniu has confiscated and removed milk cartons from local market shelves baring its label found with toxic substances.
November exports of iron ore from Brazil grew 13 per cent to 23.2 million metric tonnes over October, according to latest data from Brazil's National Union of the Industry of Extraction of Iron and Base Metals.
Exports of iron ore from India to China fell sharply in November, statistics gathered by the Indian Ports Association showed.India's major state-owned ports shipped only 480 million tons of iron ore in November, a decline of 35.4 per cent from a year ago. Iron ore shipments through Paradip, one of the largest ports on India's east coast in Orissa, plummeted 88.4 per cent to 148.6 million tons. Iron ore exports through Visakhapatnam port likewise fell 35.7 per cent to 93.3 million tons....
A British government report credits Prince William and Kate Middleton's wedding and the Queen Elizabeth and Prince Phillip's 11-day visit to Australia for the brief respite from the republican movement.
From Morrison Securities Pty Ltd:
On Friday, December 23, Wall Street and European markets rallied overnight after the number of jobless claims in the US fell to the lowest level since April 2008, in a further sign the world's largest economy is returning to health. Australian stocks rose 1.2 per cent to the highest in a week in their last day of trading before Christmas after positive data from the US boosted market optimism
With more and more nations getting more environment conscious, it is not surprising that many had resorted to use either renewable energy or clean energy to fuel their respective energy requirements. A number of nations, such as China, India and South Korea have been importing liquefied natural gas (LNG) by millions of tonnes to meet domestic demand.
Prices of rare earth elements, precious metals essential to a number of manufacturing new technologies, will continue to fall further in 2012, an analyst had said.
An 89.2 billion tonne worth coal reserve has been discovered at Sha'er Lake at China's northwest Xinjiang Uygur autonomous region. Experts said the coal reserve is Asia's largest.
Five rare earth elements fundamental in creating new technologies such as wind turbines, electric cars and efficient lighting are facing critical supply levels over the next few years.
China will continue to enjoy a more than average economic growth of 8.6 per cent in 2012, the Hongkong and Shanghai Banking Corporation (HSBC) forecast on its annual global research released Thursday.
While North Koreans are mourning their late leader Kim Jong-il, a defector from the communist country now living in South Korea felt relieve that the man responsible for killing her family and destroying her life is now dead.
Leighton Holdings subsidiaries John Holland and Thiess have been awarded $300 million worth of contracts for the Chevron-operated Wheatstone liquefied natural gas (LNG) project in Western Australia.
Farmers in 10 of Murray-Darling Basin's 23 communities would allow the flooding of their lands' easement covering more than 1 million hectares.
The next international airport of Sydney could be located at the Nepean district, west of the city, which according to a plan drafted by a federal government taskforce, is best-suited to serve the growing needs of the premier global traveling hub.
Australia's Lynas Mining Corp. is seen getting its rare earths facility up and running by the first quarter of 2011, according to Malaysian authorities.
Growing domestic requirement coupled with a slowing overseas demand may prompt exports of Indonesia's liquefied natural gas (LNG) to fall marginally in 2012.
Finnish authorities on Wednesday detained a British-flagged ship and its 30 all-Ukrainian crews at the Port of Kotka on suspicion of illegally transporting 69 Patriot missiles and 160 tons of explosives.
Acting Prime Minister Wayne Swan has agreed to the Coalition's wish that asylum seekers apprehended on Australian waters be processed instead on Nauru but stopped short of offering protection visas that the Liberals have been demanding as a compromise.
A former whaling captain warned that Japan's annual whale hunt in Antarctica could hurt Australia's $300-million-a-year whale-watch industry.
Federal Treasurer Wayne Swan said on Friday that the Australian economy is robust and growing as reflected by the latest Moody's assessment that maintains the country's AAA credit rating.
Australians who want to buy computer games could purchase these items at a lesser cost at retailer Harvey Norman. The lower cost is made possible by removing the general sales tax (GST).
What is Christmas without Christmas Tree? Putting up a Christmas Tree is something that people look forward to every Christmas.
MORNING REPORT
(8.00am AEDT)US jobless claims fell by 4,000 to 364,000 in the last week - marking a fresh 3½ year low. The final estimate of US GDP showed the economy expanded at 1.8pct in the September quarter (previously reported at 2pct). The University of Michigan consumer sentiment index rose from 64.1 to 69.9 in November - its highest level in six-months. The survey´s one-year inflation expectation edged lower from 3.2pct to 3.1pct.
U.S. stocks rose Thursday, aiming for a third-consecutive advance, on a batch of better-than-expected readings on the state of the domestic economy
Bell FX Currency Outlook:
Positive US data supported sentiment overnight with the Australian dollar opening this morning at USD1.0130 against the Greenback, up from USD1.0080 late yesterday.
Inner Mongolia, China's largest coal producing region, has produced 908 million tonnes of coal from January to November this year, up 26.6 per cent from a year ago.
It is funny to witness how investor confidence went haywire when prices of gold tumbled $1,560.97 in the middle of December.It is as if many have forgotten that while the yellow reached record highs of $1,915 per ounce in August 2011, this was well below the real high of $2,500 per ounce in 1980.Presently, gold is trading at $1,600 per ounce average. Still, this is 18 per cent below August 2011's $1,915 per ounce. Moreover, this remained 46 per cent below the real high of $2,500 per o...
South Korea, in a bid to secure a stable and reliable energy supply away from energy imports, will spend some $11.8 billion in various oil and natural gas development as well as rare earth minerals projects in 2012.
Cash gold fell 0.5 percent to $1,607.25 an ounce in Singapore, as it traded at $1,611.15 at 12:04 p.m. on concerns the maddening debt crisis swiping across the Eurozone is not contained.
China, earnest in its campaign to reduce its carbon dioxide emissions through 2015, has set a pollution reduction goal for 2012.On Wednesday, the world's second-largest economy, which happens to be also the world's biggest energy consumer, announced that for the coming year 2012, it aims to reduce by 2 per cent its sulfur dioxide (SO2) and chemical oxygen demand (COD) as well as ammonia nitrogen by 1.5 per cent, apart from maintaining zero-growth in the emission of nitrogen oxides, the...
