The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
China's sudden cuts to rare earth export quotas and domestic production marked the beginning of a Rare Earth Economic War, proposes Jacob Securities' Senior Mining and Metals Analyst Luisa Moreno. The good news is that partnerships between ...
Tags: Rare Earth, interview
PTI reported that General Motors India has posted a 21.82% decline in sales at 7,067 units in December 2012. GM in a statement said that the company had sold 9,039 units in the same month of 2011. Mr P Balendran VP of GM India ...
Tags: General Motors India, sales down, car industry, India
Business Line reported that Sesa Goa shares may remain in focus as iron ore prices are trading at a seven month high. Iron ore prices gained momentum as China’s factory output and retail sales jumped for the last three months, ...
Tags: Sesa Goa, iron ore prices, China, factory output, retail sales
Xinhua reported that China's Purchasing Managers'Index for manufacturing sector remained at 50.6%in December. China Federation of Logistics and Purchasing said that this is the third consecutive month that the PMI figure has stayed above ...
Tags: CFLP, PMI, manufacturing, China
The American Institute of Architects (AIA) today issued the following statement in reaction to the House and Senate votes approving the “Fiscal Cliff” deal negotiated by Congressional leaders earlier this week. The statement ...
Tags: AIA, American Institute of Architects, Fiscal Cliff, statement
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
Computerworld - Western Digital's HGST subsidiary may not have picked the best time to have a breakthrough in hard-disk drive innovation. After a decade of trying, HGST recently perfected a method to seal helium gas inside drives. The ...
Tags: hard disk drive, helium gas inside drives, hard drives
Mr Li Shijun chief analyst of China Iron and Steel Association pointed out that"The development of China's steel industry should innovate more than reducing capacity and output in the late stage of industrialization." China's steel output ...
Tags: Li Shijun, China Iron and Steel Association, steel industry
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
IDG News Service - Copyright laws are holding back potentially life-saving research, the European Union's top digital lawmaker said on Monday. Digital Agenda Commissioner Neelie Kroes was speaking at the 2012 Intellectual Property and ...
Tags: Copyright laws, digital law, online licensing, computer
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
After last night's presidential debate, the possible fate of Big Bird is now known. But the rival candidates gave no insight into the possible fate of exascale systems, the next generation of supercomputers. In the 90-minute debate ...
Tags: Big Bird, exascale systems, supercomputers
Economic Times reported that global rating agency Standard and Poor's expects India to grow by 6.5% during 2013, amidst the possibility of global economic recovery continuing during the year. For China, S&P expects the growth rate to move ...
Tags: India, growth rate, 2013, Standard and Poor
Business reaction to DCMS announcement Local government reaction to DCMS announcement Consultation could hold back broadband roll-out The broadband industry has said goodbye to Jeremy Hunt as he takes Andrew Lansley's old job as secretary ...
Tags: DCMS, broadband industry, cabinet reshuffle