CHINA

IBTimes Logo

Commodities Track: Most commodity prices rise

Commodity prices recovered in February after falling in the first month of the year despite China's tighter monetary control regime and US Federal Reserve raising rates for emergency loans to banks which initally sent jitters down the commodity street. However, prices of key commodities have rebounded with crude oil rising as much as 10 percent while key Nymex traded Copper futures have gained 7.1%. Gold gained 2% in February and Spot Gold in New York closed the month at $1,119 still far short o...

Global cotton prices surge on falling stock

IBTimes Logo
WASHINGTON (Commodity Online): Cotton prices increased sharply in February 2010. The Cotlook A Index rose from 75.35 cents per pound on February 1 to 85.55 cents per pound on February 26. Cotton prices are supported by strong fundamentals: reduced production and rebounding mill use are expected to generate a 15% drop in global cotton stocks, according to International Cotton Advisory Committee.
More news
IBTimes Logo

China sticks to diplomatic approach on Iran

China stood its ground that diplomacy was the best way to resolve the standoff over Iran's nuclear program, as U.S. diplomats arrived in Beijing on Tuesday for talks on Tehran and North Korea's atomic ambitions.
IBTimes Logo

Sands China says 2009 net profit up 22 pct

Sands China , the world's most valuable casino operator by market capitalization, said its 2009 net profit rose 22 percent from a year earlier, driven by a surge in gambling revenue in Macau.
IBTimes Logo

Russia says it may consider Iran sanctions

Russia will back new sanctions against Iran as long as they do not create a humanitarian crisis, French President Nicolas Sarkozy said on Monday after talks with Russian counterpart Dmitry Medvedev.
IBTimes Logo

Global factories expand in Feb, some rates slower

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
IBTimes Logo

Israel says China attentive to Iran sanctions plea

Israel voiced optimism on Monday that China would not veto any new U.N. Security Council sanctions to curb Iran's nuclear programme, saying Beijing had listened attentively to a visiting Israeli delegation.
IBTimes Logo

Prudential to buy AIG Asia for $35.5 billion

Britain's Prudential will buy AIG's Asian arm for $35.5 billion in the insurance sector's biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
IBTimes Logo

Philippines likely allow private firms to import rice

Philippines is likely to grant permission to private firms to import up to 150,000 tons rice apart from its previous allocation of 200,000 tons due to the increased demand, said an official on Monday. NFA is considering additional quantity of 100,000 to 150,000 tons for private sector importation due to the overwhelming response from them, spokesman for the state-run National Food Authority (NFA).
IBTimes Logo

Singapore's Changi buys 5 pct stake in Rome Airports

Singapore's Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A (GEMI.MI), the operator of Rome's two major airports, for S$100 million ($71 million), its biggest acquisition ever.
IBTimes Logo

Toyoda slips into China on damage control mission

Toyota Motor Corp President Akio Toyoda sought to ease quality concerns during a low-key visit to China on Monday, fresh from a grueling hearing in the U.S. Congress over his company's biggest safety crisis.
IBTimes Logo

Global factories enjoy bumper February

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
IBTimes Logo

China PLA officer urges challenging U.S. dominance

China should build the world's strongest military and move swiftly to topple the United States as the global champion, a senior Chinese PLA officer says in a new book reflecting swelling nationalist ambitions.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.