China on Monday announced the results of its second shale gas bidding round, awarding the 19 blocks on offer to 16 domestic companies. The winners were announced at a press conference held by the Ministry of Land and Resources. ...
Tags: China, shale gas bidding, gas industry
Wipro's fourth-quarter IT services revenue grew 4.8% year on year, reflecting an overall recovery in offshoring to India. The Indian outsourcer said Friday revenue from IT services in the quarter was $1.58 billion, as its customers ...
Tags: IT service, Wipro, India
The Australian dollar was trading higher after climbing above 105.5 US cents during the overnight offshore session. The local currency rose in line with a strong rally on Wall Street, where the S&P500 index was up 0.8 per cent late in the ...
Tags: Australian dollar, US cents, currency
The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
Membership in the Hydraulic Institute (HI) has been opened to pump and supplier companies that manufacture wholly outside of North America but who sell into the North American market. This change significantly expands HI membership ...
Tags: Hydraulic Institute, Membership, HI
The Australian dollar rose ahead of the release of domestic jobs data. At 6.20am AEDT the local currency was at 105.63 US cents, up from yesterday’s local close of 105.53 US cents. During the overnight offshore session, the ...
Tags: Australian dollar, currency, US cents
The Australian dollar barely moved in sleepy Asian trading yesterday but the outlook for the currency remained upbeat, with one major domestic bank sharply lifting its forecast for the currency this year. "It's very, very quiet," Rochford ...
Tags: Dollar, currency, Australian dollar
The Australian dollar has closed flat after a quiet domestic session, with investors focused on the upcoming release of local and overseas economic data. At 5pm AEDT today, the local currency was at 105.53 US cents, little changed from ...
Tags: Australian dollar, economic data, currency
ClydeUnion Pumps was awarded the contract to supply various pumps for the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dhabi, UAE. ClydeUnion Pumps will supply the complete package of pumps which includes ...
Tags: ClydeUnion Pumps, contract, pumps, UAE
Reportedly, Russian steelmaker Novolipetsk Steel (NLMK) announced that the company introduce its new commercial centers in Pittsburgh USA, Mumbai India and Singapore. The three new offices have been completed and operated in second half ...
Tags: Novolipetsk Steel, Russia, steel market
Raleigh Canada Ltd. will end bike manufacturing and assembly at its facility here by the end of the year, the company announced Monday. Raleigh has made an assembled bikes there for about 30 years. About 100 workers will lose their jobs ...
Tags: Raleigh Canada, bike manufacturing, bike
Tata Consultancy Services had strong revenue and profit growth in the fourth quarter, indicating that the offshoring market is recovering. The business momentum is expected to continue in 2013, as customers invest in more efficient ...
Tags: Consultancy Services, Tata, outsource
The Australian dollar fell, despite getting a boost from a 2 per cent surge on the Shanghai share market during the local trading day. At 5pm AEDT the Australian dollar was trading at 105.56 US cents, down from Friday's local close of ...
Tags: Australian dollar, share market, US cents
Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...
By John Lee. Oil exports from Iraq’s southern Basra terminals were restored to 2.35 million barrels on Saturday bad weather on Friday, according to a report from The National. Output was said to have fallen to just 1.32 million ...
Tags: Oil Exports, Iraq, crude oil, oil industry