Shanghai copper futures sizzle Nov 19, 2009
Copper futures traded in London, New York and Shanghai rallied to the highest level in 14 months as the dollar's decline boosted the appeal of raw materials as alternative investments. The metal used in construction and automobiles has more than doubled this year as the global economy recovers from its worst recession since World War II and a weaker dollar encourages investment in physical assets. (People's Daily Online, China)
Show Transcript: November 19 Nov 19, 2009
But now, instead of sending out materials and getting them back later as fuel, one Iranian official is saying the country will only swap raw materials for already processed fuel, and the trade would have to happen in Iran. All this is part of the ongoing tension over the Middle Eastern nation's nuclear program. (CNN -- US)
Canada Stocks Rise as Toronto-Dominion Gains on Rate Outlook; Metro Climbs Nov 19, 2009
Canada Stocks Rise, Led by Banks, on Rate Outlook; Metro Gains - Bloomberg. Updated: New York, Nov 19 04:22 London, Nov 19 09:22 Tokyo, Nov 19 18:22. (Bloomberg -- Canada)
Oil Rises for Third Day as U.S. Supplies Drop; Asia Stocks Decline on HSBC Nov 18, 2009
Growing needs for raw materials, led by China, have made stocks of commodity producers the this year in Asian markets. The MSCI Asia Pacific Index has advanced 33 percent as governments cut interest rates and boosted spending to rescue flagging economies. (Bloomberg -- Asia)
Atul Chaturvedi, Steel Secretary Nov 18, 2009
So far, a major part of the raw materials demand has been met through domestic sources. There is no immediate crisis of raw materials ... Yet, steel companies in India should consider acquiring raw materials sources abroad in order to ensure secure supplies in future. (India Times)
BJ's Restaurants Opens in Hurst, Texas Nov 18, 2009
Factors that might cause such differences include, but are not limited to: (i) the effect of recent credit and equity market disruptions on our ability to finance our continued expansion on acceptable terms, (ii) our ability to manage an increasing number of new restaurant openings, (iii) construction delays, (iv) labor shortages, (v) minimum wage increases, (vi) food quality and health concerns, (vii) factors that impact California, where 49 of our current 92 restaurants are located, (viii)... (Primezone Releases)
Robotic Team Competes (1) Nov 18, 2009
The theme of the event, High Octane, required the robot to be made from a collection of raw materials used in chemical reactions to create fuels. They were also required to move quickly over the designated game area. (Hamburg Ashley County Ledger, AR)
BHP Billiton's Kloppers Remains Cautious on Global Economy in Short Term Nov 18, 2009
The Reuters/Jefferies , which tracks 19 raw materials, dropped 36 percent last year, the biggest annual decline since at least 1957. The measure has gained 21 percent this year on signs of economic recovery. (Bloomberg -- Australia & New Zealand)
One more miracle for Margaret Nov 18, 2009
A Jefferson City man is one of three defendants sentenced in federal court in separate but related cases arising from Operation Raw Deal, an international investigation targeting the illegal manufacturing and trafficking of anabolic steroids and its raw materials, mainly from China. 11:23 pm. (Jefferson City News Tribune, MO)
Break Down Sales Growth, Margins, ROE Nov 18, 2009
Are raw materials costs or labor expenses going through the roof. Is the company benefiting from charging higher prices. (Investors Business Daily)
Our climate deeds will influence other nations Nov 18, 2009
They also pointed out that whilst Australia made a good source of raw materials the idea that a relatively powerless country with a population of 21 million might affect the policies of the Chinese central government was so funny it bordered on the ludicrous. As for the USA , we are only of interest to them when they need foreign troops to make their latest bastardry seem to be an international effort. (Sydney Morning Herald -- Opinion)
Australian Dollar Falls From Near 15-Month High as Minutes Curb Rate Bets Nov 17, 2009
Australia and New Zealand each get more than half their export revenue from raw materials ... The of 19 raw materials climbed 2. (Bloomberg -- Australia & New Zealand)
Historic auto shop runs afoul of city, neighbors Nov 17, 2009
The business leaders see dozens of rail cars loading and off-loading raw materials and agriculture products each day. They envision warehouses and other buildings carved out of the grape fields west of Kingsburg. (Fresno Bee)
Canada's Currency Strengthens as Equities, Crude Oil, Gold Post Increases Nov 17, 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)
Chinese investment in Aquila cleared Nov 17, 2009
The deal secures Baosteel a long-term supply of raw materials. Baosteel will have a preferential opportunity to directly invest in most of Aquilas projects and will provide support in sourcing financing from Chinese institutions. (Sydney Morning Herald -- Business)
Astral profits despite feed division Nov 17, 2009
He added that the group had continued to take a conservative view on the procurement of key raw materials, given the global outlook for agricultural commodities as a whole and the predicted El Ni241o weather pattern on grain crops. Schutte said: "As a result of the continued (bad) economic climate, our ability to recover increases in costs from the market remains limited.". (Business Report, South Africa)
* Allowing IC firms to move to China could be disastrous: forum Nov 16, 2009
When a foundry receives an order, it goes out to find a local IC design firm to design the product, buys raw materials locally and tests the product locally, she said. When the foundries are gone, it means all those related industries will have to go with them. (Taipei Times, Taiwan)
Letter to The President # 5 Nov 16, 2009
In an interview with the IDAYA magazine in Fall 2008, Professor Yaw Nyarko of New York University questions the US and western world's approach to dealing with Africa through the prism of aid, drawing attention to China's importance as a consumer of Africa's raw materials and as an investor in infrastructure projects on the continent, for instance in the case of power plants in Nigeria ... The Chinese leaders are here to get what they need to get raw materials for their industries. (Ghana Web, Ghana)
Revival to help tyre cos Nov 16, 2009
As bulk of the industry raw materials are derived from petroleum, including carbon black, tyre cord, rubber chemicals and synthetic rubber (a substitute for natural rubber), low petro prices led to a 25% fall in the industry raw material cost (on average) in the past quarter compared with the same period, year ago. In September 2008 at the height of the commodity boom raw material accounted for 75-80% of net sales; the ratio now ranges from 55% to 60% for most tyremakers. (India Times)
Nduom calls for new national economic policy Nov 15, 2009
He said the nation needed to be bold, innovative and comprehensive in its approach to adding value to local raw materials through an industrial base upon which the foundation and sustainable increase in the standard of living of the people would occur. Dr. Nduom said the global economic crisis coupled with the current local economic difficulties such as high inflation rate, weak currency, low lending rate and others, had made it difficult for enterprises, especially the small ones to survive. (Ghana Web, Ghana)
Art teacher still a student, too Nov 15, 2009
For example, my advanced ceramics class just finished a unit on glaze formulation and Egyptian paste; groups of students worked together using triple-beam balances and raw materials and colorants. They had to use their math and science skills to make their art project successful. (Daytona Beach News Journal -- Local)
Oil drops on demand doubts Nov 14, 2009
A weak dollar has bolstered commodity prices over the past two years as investors purchased raw materials as an alternative investment. The dollar traded at $US1. (Sydney Morning Herald -- Business)
The quest towards higher income Nov 14, 2009
A stronger currency which reflects economic fundamentals and is sustainable will help equalise labour costs with those of more developed countries, lower input costs of capital goods and raw materials, and attract talent into the country. All of these will help move incomes upwards. (The Star Online, Malaysia)
Savvy shoppers turn to creative handmade gifts Nov 14, 2009
Handmade books, journals and photo albums are thoughtful keepsake gifts that can be made from kits or raw materials that include decorative papers, yarn, craft wire and more. Inexpensive blank journals can also be customized with decorative papers, drawing materials, ribbons, feathers and other embellishments. (Lake City Reporter, FL)
Click to read:NASA: Spacecraft Confirms Water on Moon Nov 14, 2009
Seriously we should already be sending our space junk to the moon to be used later as raw materials for building. It would not take much, just enough fuel to put it in the right trajectory and then a little more to ground it all in one area. (CBS News)
Medvedev tells Russia time to reinvent itself Nov 14, 2009
Russian President Dmitry Medvedev called on his country Thursday to shed its "humiliating" dependence on exports of oil and other raw materials and to adopt a more pragmatic foreign policy aimed at attracting investment and promoting growth ... "This was all largely built by Soviet specialists. In other words, we didn't create them. "We have to admit that in previous years we failed to do enough to solve problems inherited from the past," he added. "We have failed so far to dismiss the economy's... (San Francisco Chronicle)
Medvedev on Russia's 'survival' Nov 14, 2009
Dmitry Medvedev attacked Russia's economic backwardness and "humiliating" dependence on raw materials ... In an article titled "Go, Russia!," he attacked the country's economic backwardness, its "primitive" and "humiliating" dependence on raw materials exports and its "chronic" and ubiquitous corruption. (CNN -- World)
Rural Moroccan Rug Weavers Fight Recession Nov 14, 2009
The raw materials cost her $33, she said. Weavers knot pieces of yarn. (Newsmax)
Hunters Face Ammunition Shortage Nov 14, 2009
"Last year they were talking copper, lead, brass, raw materials all being shipped overseas," Fontaine said. "The price of ammunition went up because of a shortage of materials and what not, but this year there's no nothing. It's just not here.". (WCAX.com, VT)
Currency Falls From Three-Week High as Stocks, Commodities Prices Decline Nov 13, 2009
Raw materials account for more than half of Canadas export revenue, and crude is the nations biggest export. U.S. stocks fell from a 13-month high, with the Index ending the day down 1 percent. (Bloomberg -- Canada)
Medvedev pitches economic - but not political - changes for Russia Nov 13, 2009
In his speech, Medvedev proposed privatizing many companies that were during the Putin years, and argued that Russia must wean its economy from dependence on exports of oil and other raw materials. "There are many good ideas, but it's impossible to have any real economic modernization without democratization in the widest sense," says Mr. Gontmakher. (Christian Science Monitor)
Russia targets hi-tech, privatised economy Nov 13, 2009
Russia needed to shed its dependence on exports of raw materials and build a new hi-tech economy to survive, President Dmitry Medvedev said yesterday. In a challenge to his predecessor and mentor, Vladimir Putin, Medvedev also called for reducing state involvement in the economy and promised to offer support to civil society. (Business Report, South Africa)
From Dreamtime to the big time: Aboriginal artists on the rise Nov 13, 2009
Warrngilna Ganambarr and her sister Judy Manany spend hours combing the island for raw materials, which they hand-work into weavable fibres. Each piece takes between a week to a month to complete. (Sydney Morning Herald -- Australia)
Australian Job Gain Backs Stevens's `Two-Speed' Economic Growth Concern Nov 13, 2009
As Australias economy adjusts to Chinese and Indian demand for raw materials, not only will the resources sector command more capital and labor, manufacturing and other industries whose relative output prices are declining will command less. . (Bloomberg -- Australia & New Zealand)
China, important development partner in Africa - GTUC Nov 13, 2009
"While China imported raw materials and natural resources, Africa imported manufactured goods which did not make the situation a win-win for Africa, "he said. Dr Baah called for a united African front to help make the partnership with China a win-win situation, adding, "How can a country like Sierra Leone trade with China that has a population of about one billion". (Ghana Web, Ghana)
Pop singer Andy Lau to sing Macao's 10th anniversary exhibition theme song Nov 13, 2009
These also served as the raw materials for the theme song of the Exhibition. Editor: Sun Yunlong. (Xinhuanet, China)
Medvedev outlines plan for Russia's modernization Nov 13, 2009
Russia would create a smart economy generating unique knowledge and technologies instead of one that heavily depends on raw materials, Medvedev said. In particular, he named five priority areas in economic development: energy efficient technology, the nuclear sector, information technology, space, and medicine. (Xinhuanet, China)
Russia needs to modernize its economy, Medvedev warns Nov 13, 2009
MOSCOW - President Dmitry Medvedev of Russia called on his country yesterday to shed its humiliating dependence on exports of oil and other raw materials and to adopt a more pragmatic foreign policy aimed at attracting investment and promoting growth ... We have failed so far to dismiss the economy s primitive structure, the humiliating dependence on raw materials, and to reorient production to people s real needs. (Boston Globe)
Goodyear raises tire prices by up to 6% Nov 13, 2009
DETROIT (Reuters) Goodyear Tire & Rubber will raise prices on consumer replacement tires in North America by up to 6% to recover higher raw materials costs, the company said Thursday ... He declined to specify which raw materials costs drove the decision to raise prices. (USA Today -- Money)
Food majors triple investment in ending hunger Nov 13, 2009
For example, the world's biggest food group, Nestle, which sources its agricultural raw materials in about 50 countries, has spent millions of euros in building local facilities to trim costs and boost sales of affordable products on new markets. But it also invested in sustainable agriculture projects in several developing countries. (AlertNet)
Clive closes door on new investors Nov 13, 2009
Clive Capital, the worlds largest commodity hedge fund, is shutting its doors to new investors just two years after its launch as raw materials have regained allure. The London-based fund, which trades commodities ranging from oil to metals and meats, has swelled to $3. (FT.com -- Markets)
Deripaska's Rusal May Offer Production to China for Hong Kong IPO Support Nov 13, 2009
Rusal may seek to win Chinese state-owned companies as investors by offering production joint ventures and access to raw materials, said , chief strategist at UralSib Financial Corp., and , a strategy adviser at Otkritie Financial Co.. The only way that Rusal can get a high valuation is if it gets a couple of big state-backed anchor investors, Weafer said in Moscow. (Bloomberg -- UK)
DHL confident ops in M'sia will stay profitable Nov 13, 2009
He said findings from research report by DHL, within the three identified triangles of trade - Intra Asia, Middle East-Africa-Asia and Latin America-Asia, China's imports of raw materials and exports of various manufactured goods dominate trade volumes. Ude said DHL has invested close to US$2. (The Star Online, Malaysia)
Globe Specialty Metals Announces First Quarter Fiscal 2010 Results Nov 13, 2009
Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions including, among others, changes in metals prices; increases in the cost of raw materials or energy; competition in the metals and foundry industries; environmental and regulatory risks; ability to identify liabilities associated with acquired properties prior to their... (Primezone Releases)
5 Things We Can Learn from China Nov 13, 2009
Instead of deciding which factory gets which raw materials, which products are made, how they are priced and where they are sold, their planning now consists of 'How do we build a world-class silicon-chip industry in five years. How do we become a global player in car-manufacturing. (Time.com)
Tosoh Releases First-Half Consolidated Results for Fiscal 2010 Nov 13, 2009
Declining prices for naphtha and other raw materials drove down domestic prices, decreasing profitability for Tosoh ... The price increases that we implemented for caustic soda in Japan in the previous fiscal year contributed to our bottom line, but the contribution was undermined by the rising cost of raw materials domestically and by the softening of markets abroad for basic chemicals ... But a drop in the cost of raw materials eroded prices for PVC in Japanese and overseas markets. (JCN Network, Japan)
Tree Island Announces Third Quarter 2009 Results Nov 13, 2009
Such risks and uncertainties include, but are not limited to: general economic conditions and markets and, in particular, the potential impact of the current economic downtown, risks associated with operations such as competition, dependence on the construction industry, market conditions for the company's products, supplies of and costs for its raw materials, dependence on key personnel, labour relations, regulatory matters, environmental risks, the successful execution of acquisition and... (CCNMatthews Press Releases)
Tales Of Woe No Excuse For Mass Murder Nov 13, 2009
As a maker of specialty chemicals, its fortunes hinge on the price of its raw materials and the prices it can get from its own customers. For the past few months, NewMarket. (Investors Business Daily)
Canada Stocks Fall as Barrick, EnCana Slide with Gold, Oil; TD Bank Rises Nov 13, 2009
Canada Stocks Fall; Gold, Oil Declines Hurt Commodity Producers - Bloomberg. Updated: New York, Nov 13 04:23 London, Nov 13 09:23 Tokyo, Nov 13 18:23. (Bloomberg -- Canada)
Fisher: Plenty of Gains Left in Stocks Nov 12, 2009
He specifically pointed to raw materials producers, discretionary consumer companies and industrials. Technology and energy companies will gain but lag behind those leaders, he says. (Newsmax)
Government to partner organised labour for development - Veep Nov 12, 2009
Mr Cofie noted that the recession had proved that the Ghanaian economy had structural problems and import dependent, and most local manufacturing companies continued to import a significant proportion of their raw materials. "We have been hit with the double burden of how to recover the exchange rate depreciation associated with our imported materials at the same time as foreign demand for our exports is reduced or suspended. Foreign exchange losses are probably the biggest factor explaining... (Ghana Web, Ghana)
Yen to Reach 14-Year High of 85 as World Slumps Again, Mitsubishi UFJ Says Nov 12, 2009
China is piling up commodities, raising raw materials prices and bolstering nations such as Australia, he said ... A collapse in raw materials prices would trigger risk aversion and prompt investors to unwind so-called yen carry trades, when they borrow in yen and then sell those funds in exchange for higher-yielding currencies. (Bloomberg -- Japan)
Canada Dollar Rises to Highest Level in Almost Three Weeks on Growth View Nov 12, 2009
Raw materials including crude oil and gold account for more than half of Canadas export revenue. Gold, Oil. (Bloomberg -- Canada)
Canada Stocks Rise as Kinross, Silvercorp Advance on Rally In Commodities Nov 12, 2009
Canada Stocks Rise, Led by Mining Companies, as Metals Rally - Bloomberg. Updated: New York, Nov 12 04:24 London, Nov 12 09:24 Tokyo, Nov 12 18:24. (Bloomberg -- Canada)
Congo-Kinshasa: Govt Creates Safety Net by Diversifying Economy [analysis] Nov 12, 2009
"There is a crisis of raw materials in the East and West, and the DRC has huge energy and mining potential. The telecommunications sector has been quite successful but there's need for installation of fixed lines. Agri-business is a good bet - the DRC-South African land deal allowing SA farmers to grow crops in DRC is a watershed. We can resolve our own food shortage issues as well as feed our neighbouring desert countries. In fact, opportunities exist across all the sectors," said Buabua. Be... (allAfrica.com)
Medvedev calls for economy reform Nov 12, 2009
In the article, the president was scathing about what he called the country's primitive economy and its humiliating dependence on oil, gas and other raw materials. He went on to criticise the level of corruption and the weakness of democracy in the country. (BBC News -- Europe)
Producer Prices Fall for 10th Month, Underscoring Japan's Deflation Risk Nov 12, 2009
The central bank forecast last month that producer prices will continue to slide through the year starting April 2011 because weak economic growth will subdue corporate demand for oil, steel and other raw materials. Japans producer prices have moved into a new phase of home-made deflation linked to a lack of domestic demand, said , chief economist at Barclays Capital in Tokyo. (Bloomberg -- Japan)
DCE expresses worry about state of development in Adansi State Nov 11, 2009
He regretted that the communities were not benefiting from the mining operations as talented goldsmiths were left jobless because there was no way they could have access to raw materials. Alhaji Majduob therefore urged the participants, drawn from Obuasi Municipal, Adansi North and Amansie Central, to fight for their rights so that they could derive some benefits from the mining operations. (Ghana Web, Ghana)
S Korea joins carbon label scheme Nov 11, 2009
Under the scheme, companies must carry out a carbon audit and record the amount of CO2 being emitted at every stage of production - from the sourcing of raw materials to transporting goods to supermarket shelves. Once the amount of CO2 has been recorded, the firm must then commit to reducing its emissions on a year-by-year basis before it is allowed to print the carbon label on its products. (BBC News -- Asia-Pacific)
Israel allows Eid cows into Gaza Nov 11, 2009
They say cement, steel and other raw materials could be used for military purposes by the Islamist group Hamas, which controls Gaza. Living in tents. (BBC News -- Africa)
Toll Brothers Reports Preliminary 4th Qtr and FY 2009 Results for Contracts, Backlog and Home Building Revenues Nov 11, 2009
These risks and uncertainties include: local, regional, national and international economic conditions, including the current economic turmoil and uncertainties in the U.S. and global credit and financial markets; demand for homes; domestic and international political events; uncertainties created by terrorist attacks; effects of governmental regulation, including effects from the Emergency Economic Stabilization Act, the American Recovery and Reinvestment Act, and any pending or new stimulus... (Primezone Releases)
Oil floats highon easy money Nov 11, 2009
"What about those who argue that speculative excess is the only way to explain the speed with which oil prices have risen? Well, I have two words for them: iron ore. You see, iron ore isn't traded on a global exchange; its price is set in direct deals between producers and consumers. So there's no easy way to speculate on ore prices. Yet the price of iron ore, like that of oil, has surged over the past year. In particular, the price Chinese steel makers pay to Australian mines has just jumped... (Asia Times Online)
The Real Reasons Why The Civil War Occurred Nov 11, 2009
The Congress at that time heavily favored the industrialized northern states to the point of demanding that the South sell is cotton and other raw materials only to the factories in the north, rather than to other countries. The Congress also taxed the finished materials that the northern industries produced heavily, making finished products that the South wanted, unaffordable. (New Iberia, LA)
Full text of Chinese premier's press conference in Egypt Nov 11, 2009
We have also found that China's investment in and imports from Africa concentrate on oil and raw materials, but China exports manufactured goods to Africa. What's your comment on these criticisms. (Xinhuanet, China)
Opta Minerals Inc. Reports Third Quarter Results for Fiscal 2009 Nov 10, 2009
Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other... (CCNMatthews Press Releases)
