Yonhap reported that output of South Korea's machinery industry is expected to rise 5.1% YoY to KRW 453.7 trillion (USD 424 billion) next year, with its growth likely to turn around slightly on a possible recovery in the global economy. ...
Tags: South Korea, machinery industry, global economy, industry trend
Mr P Chidambaram the Union Finance Minister has expressed optimism that the Indian economy will continue to grow at a healthy rate even as the global economies face recession. He said that this is because our economy has strong fundamentals ...
Tags: Indian economy, global economies, savings rate, India
Business Recorder reported that Pakistan Steel Mills Board of Directors has directed the management to obtain the opinion of Ukrainian contractors regarding the possibility of damage to the Coke Oven Battery-1 if it is preserved ...
Tags: PSM, Coke Oven Battery, Pakistan, Ukrainian
Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...
Tags: audi Arabia, oil prices, oil market, infrastructure projects
As we enter a new year,we are confronted with one of the more bizarre and enigmatic cotton situations in recent memory.What makes price analysis currently so difficult is that we are essentially dealing with two entirely different ...
Tags: cotton situation, 2013, Chinese, yarn
JFE Holding Inc has delayed a decision to build a USD 3.6 billion integrated steel plant in Vietnam,saying it is worried that the poorly developed market could hinder its operations. JFE had said earlier it would defer a decision on the ...
For a country with one of the largest reserves of natural resources in the world,the transformational potential of India's resources sector is immense.The sector has the potential to add USD 1 trillion to the Indian economy that can ...
Tags: economy, natural resource, greenfield exploration, poverty, India
There is no single rare earth element market. Instead, the rare earth universe is made up of four or five distinct "critical rare earth" markets that should be the focus for investors today. Even with new mine supply and refining capacity ...
Tags: Jack Lifton, rare earth element market, Metallurgy, Mineral
According to commodities economist Ross Strachan at UK based Capital Economics, with global molybdenum production due to increase, and a slowdown in demand on the horizon, prices are set to fall in 2013. Stronger than expected 2013 ...
Tags: Capital Economics, molybdenum production, Ross Strachan
As the railways ministry goes to Congress party after being held by coalition partners for around 16 years, the wave of change has already started. For the first time, the railways has prioritized its 360 pending projects worth more than ...
Tags: railways ministry, railways, India, transportation
Qatar on December 23rd Sunday lifted its forecasts for economic growth and inflation next year, saying that a decline in oil and gas output was now expected to be less than originally thought. The General Secretariat for Development ...
Tags: Qatar, economic growth, inflation, oil, gas output
CHENNAI, INDIA, November 03, 2012 /24-7PressRelease/ -- Polaris Financial Technology Ltd (POLS.BO), a leading global Financial Technology Company, today announced the launch of IntellectTM Algorithmic Liquidity Solution at SIBOS 2012 in ...
Tags: IntellectTM Algorithmic Liquidity Solution, Polaris, SIBOS
Fitch Ratings Director Jay Djemal said that Latin American Metals and Mining observed that higher operating costs remain entrenched. The report said that “Higher operating costs will continue in 2013 for metals and mining. Cost ...
Tags: metals, Mining, mining exports, copper miners
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
India’s cotton output for 2012-13 season is likely to be about 35.5 million bales of 170 kg each, while its consumption is estimated to be about 26.5 million bales, which would result in a sizeable surplus, according to Cotton ...
Tags: sizeable cotton, cotton, cotton output, GM cotton