News
Gold, Silver and Crude Oil Trading
Gold, Silver and Crude Oil Trading Apr Gold futures prices ended pit trade Thursday higher and near the daily high as bargain hunters stepped in to buy the early dips. Prices hit a new 2 month high today and the Gold Bulls continue to build their Northside near-term technical momentum. Apr Gold last traded + 9.10 at 1,758.60 oz. Spot Gold was last quoted + 1 ...
China-Kazakhstan Pipeline
China imports 10.93-M tons of Crude Oil via China-Kazakhstan pipeline China's first transnational crude oil pipeline, the China-Kazakhstan Pipeline, allowed China to import 10.93-M tons of Crude Oil last year, authorities in west China's Xinjiang Uygur Autonomous Region said Thursday. Statistics from the local government of the Bortala Mongol autonomous prefecture showed that last ...
South African Strikes to Raise Platinum Prices
Impala sacks 17,200 workers at Platinum mine IMPUY, AGPPY Impala Platinum Holdings Ltd. (PK:IMPUY), producer of about a 25% of global Platinum, sacked 17,200 workers after an illegal pay strike halted its South Africa Rustenburg mine, the World's biggest for the metal. The number includes 13,000 employees who joined the stoppage, declared illegal by court order, after the ...
Electronics Business in China
China's electronics exports, imports + 11.5% in Y 2011 The export and import value of China-made electronics rose 11.5% Y-Y to US$1.13-T in Y 2011, the Minestry of Industry and Information Technology (MIIT) said Thursday. The figure accounted for 31% of the Country's total foreign trade, the MIIT said. Of the total trade, exports rose 11.9% Y-Y, contributing 21.9% to China's overall ...
China and Europe Economic Ties
China considers more ways to help address Europe's debt issue China is considering "involving itself more deeply into" the efforts to address Europe's debt issue through channels like the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM), Chinese Premier Wen Jiabao said on Thursday. Wen made the remarks at a joint media briefing after talks with v ...
Economists Follow LTN and Turn Bullish
Global strategists turn Bullish UBS, RBS, GLE, BAC, GS, BCS, JPM, C Strategists at the World's biggest banks are turning on their Bearish forecasts after the best start to a year for Global stocks since Y 1994 and gains of more than 7% in emerging-market currencies. Larry Hatheway, the chief economist at UBS AG (NYSE:UBS), raised his recommendations on global shares and h ...
Bernanke on the US Economy
Chairman Bernanke sees some improvement in the US economy Federal Reserve Chairman Bernanke said the economy has shown signs of improvement while remaining vulnerable to shocks, and he called on lawmakers to reduce the long-term US budget deficit. "Fortunately, over the past few months, indicators of spending, production, and job-market activity have shown some signs of improvement ...
HK's retail sales value + 23.4%
HK's retail sales value + 23.4% Hong Kong's total retail sales value in December 2011, provisionally estimated at 43-B HK Dollars (about US$5.5-B), increased 23.4% over a year earlier, the city's Census and Statistics Department announced Thursday. The department released the latest figures on retail sales on Thursday, saying after netting out the effect of price changes over the same ...
The Indonesian Coal Boom
Indonesia's coal production + 34% in Y 2011 Production of Indonesian coal increased 34.4% to 371-M tons last year from a year earlier, Director at the Energy Ministry Edi Prasodjo said here Thursday. The director said that Indonesia exported 78% of the product and the rest was sold on the domestic market. Mr. Prasodjo said that the demand of the commodity on the domestic market ...
Best of Hua Hin, Thailand: Rest Detail Hotel
The Rest Detail Hotel is one of my personal favorites in Hua Hin, the Grand Rest Pavillion is always a delight to visit. Overlooking the Gulf of Siam, the Rest Detail Hotel offers guests a perfect respite from the outside world. In keeping with its name and playful logo of the "three wise monkeys", every detail is anticipated to ensure you truly surrender to the charms of this tropical seaside ...