News
Top Danish firms recruiting talent from China
Top Danish firms recruiting talent from China Four top Danish companies have joined a Chinese-Danish partnership scheme aimed at attracting Chinese students and professionals to work in Denmark, the Danish foreign ministry said Wednesday. The Sino-Danish Network, launched in September last year, now includes Novo Nordisk, Vestas Wind Systems, Haldor Topsoee, and NNE Pharmaplan. The new ad ...
Heilong Jiang Province Expands
Chinese border city sees strong trade growth with Russia Customs authorities in Suifenhe, a city in northeast China's Heilongjiang province that borders Russia, said Wednesday that the city's trade with Russia reached US$2.97-B in Y 2011, up 12.3% from a year ago. Trade with Russia accounts for more than 40% of the city's total foreign trade volume. Suifenhe's foreign trade volume ...
EU forbids Deutsche Boerse-NYSE merger
EU forbids Deutsche Boerse-NYSE merger on anti-trust issues The European Commission issued a verdict Wednesday that said no to the proposed merger between Deutsche Boerse and NYSE Euronext. According to a statement by the Commission, the proposed merger "would have resulted in a quasi-monopoly in the area of European financial derivatives traded globally on exchanges". "The 2 exch ...
Iran Gold and Foreign Reserves
Iranian official dismisses fears of Forex reserves shortage Chairman of Tehran Chamber of Commerce Yahya Ale-Eshagh on Tuesday dismissed fears of a shortage of foreign exchange reserves in Iran, saying the country has US$120-B and 907 tons of Gold in reserves, the semi- official Mehr news agency reported. Speaking to reporters on Tuesday, Ale-Eshagh said that Iran purchased the Gold in re ...
China Firm on Rare Earth Restrictions
China ready to defend its Rare Earth polices at WTO China is ready to respond to possible complaints over its rare earth export restrictions at the World Trade Organization, a Ministry of Commerce (MOC) official said Wednesday. The remarks followed a WTO decision Monday to uphold a ruling against China's export duties and export quotas on 9 raw materials, which do not include rare eart ...
Yingluck Shinawatra Chases 5% Growth
Thai PM foresees 5% economic growth this year Prime Minister Yingluck Shinawatra said Wednesday that she believed Thailand's gross domestic product (GDP) would grow by 5% this year. The Prime Minister hoped that Thai economy would recover "in the form of a V shape" and that the economic rebound should be seen in Q-2 of this year. She said the government had set the economic growth ...
Mid week focus on Gold, Silver, Copper and Crude Oil
Mid week focus on Gold, Silver, Copper and Crude Oil Apr Gold futures prices finished pit trade Wednesday day higher, prices tapped another new 7-wk high early in the session. The Gold Bulls have near-term upside technical momentum as the market Tuesday produced a technically Bullish monthly high close on the last trading day of the month. Apr Gold last traded + 5.40 ...
Lynas Corporation Limited, ASX:LYC Wins Malaysian Approval
Malaysia has finally given the all clear to Lynas Corporation Limited, ASX:LYC to operate its $200m rare earth plant despite public protests over fears of radioactive contamination. The Atomic Energy Licensing Board says it will grant Lynas a temporary operating license. It must submit plans for a permanent disposal facility within 10 months and make a $A47 million financial guarantee with the ...
Coal is a Must Own
As I have been saying for sometime 2012 is the year to build your Coal assets, and it seems Warren Buffet agrees. In 2011, China's coal imports reached 182 million mt, rising by 10.8 percent year on year, according to the figures released by China's National Development and Reform Commission (NDRC). Meanwhile, China's coal exports in 2011 came to 14.66 million mt, down 23 percent compared to th ...
PINK:AEMC follows OTC:ECIT on the Hot List
American Estates Management Company PINK:AEMC is a firm that specializes in the purchase and sale of royalties and mineral rights from estates and individuals. AEMC buy royalty interests and mineral rights in many North American locations. Analysis Overall Short Intermediate Long Neutral (0.16) Neutral (0.03) Bullish (0.31) Neutral (0.14) R ...