An unnamed official with the Qinghai Salt Lake Potash Company Ltd, the nation's largest potash producer, told Xinhua that BHP's attempted take-over has prodded the company to accelerate exploration and utilization of resources. The Qinghai company has planned to boost annual output to 3.5 million tonnes by the end of 2013, from this year's 2.3 million tonnes. According to SSETRC's forecast, new potash plants scheduled for operation in southwest China's Sichuan and Yunnan provin ...
Individual issues rose on positive earnings, outlooks and upgrades, with Fast Retailing ended up 4.0 percent to 13,000 yen after hitting a three-month high, due partly to expectations for winter clothing sales at the firm's Uniqlo stores as temperatures fall nationwide. Speculation is also emerging that Uniqlo's November sales may increase on year for first time in four months. Consumer lenders Aiful, Acom, and Promise all rose sharply as Nomura Securities upgraded them to "buy" from ...
China's domestic vehicle production and sales volume from January to October 2010 reached 14.62 million and 14.68 million units respectively, 832,800 and more than 1 million units over the figures for all of 2009, according to the latest statistics released by the China Association of Automobile Manufacturers (CAAM) on Nov. 9. CAAM’s statistics show that the production and sales volume of domestic vehicles for the first 10 months of this year rose 34.5 percent and 34.8 percent from the sam ...
Given the importance of credit ratings for sovereign debt, it also wanted to ensure those ratings were timely and transparent. The commission said it would use the responses from the consultation to decide on the need for any measures in 2011, including possible future legislative initiatives. If so, it would be the second wave of financial regulation targeting credit rating agencies in the EU. Following the financial crisis, the EU for the first time put credit rating agencies under su ...
Integrated natural gas company, BG Group on Sunday announced it will commit 15 billion U.S. dollars investment for the first phase of its massive Curtis liquid natural gas (LNG) project in Queensland state of Australia. During a conference hold by BG's Australian head Catherine Tanna, the company has approved to spend 15 billion U.S. dollars over the next four years developing two LNG trains with a combined capacity of 8.5 million tons per annum. The Queensland's Curtis LNG Project involve ...
As concerns grow over rising U.S. investigations of Chinese enterprises over utility patents, China's Ministry of Commerce (MOC) on Tuesday held a seminar with the U.S. International Trade Commission (ITC) to promote mutual understanding on intellectual property protection. "The Chinese government always pays attention to intellectual property protection. However, Chinese enterprises in recent years have become a major target of investigations by the U.S. under Section 337. In particular, thi ...
The German government raised 2010 economic growth estimate to 3.4 percent from April's 1.4 percent, as the country saw a strong rebounding thanks to surging exports, Economics Minister Rainer Bruederle said Thursday. The minister also said that German economy is expected to grow 1.8 percent in 2011. Germany, Europe's largest economy, recorded a 2.2-percent growth in the second quarter, the fastest in two decades, after its economy shrank 4.7 percent in 2009 due to the international financi ...
Enhancing mutual trust between China and Vietnam is in the common interests of the two countries, China's top political advisor Jia Qinglin said Tuesday.
German auto giant BMW Group on Friday began recalling more than 21,000 luxury sedans in China to fix a faulty brake system, while British carmaker Jaguar Land Rover recalled 30 Discovery 3 TDV6 diesel vehicles, China's quality watchdog said Friday. BMW's recalled vehicles in China included 21,383 imported BMW 5, 6 and 7 Series autos manufactured between Dec. 14, 2001, and Nov. 23, 2009, along with 388 Rolls-Royce Phantom luxury cars manufactured between Jan. 1, 2003, and Nov. 30, 2009, accord ...
