China's zinc, aluminium consumption up
China's consumption of aluminium and zinc soared in February which will impact the global prices. Following this market analysts said the prices of zinc and aluminium will witness a rise in the coming days. China's output of primary aluminum reached 1.31 million tonnes during February up 46 KT MoM. Imports of primary aluminum were 19,171 tonnes in February, while exports were 4,739 tonnes with net imports reaching 14,432 tonnes down 16,498 tonnes MoM. SHFE aluminum inventories grew by 36 KT in F...
Gold, Silver prices could fall back
Precious metals have become a volatile battleground between shorter term investors exiting from long positions in response to a stronger dollar and improving economic conditions in many parts of the world on the one hand, and longer term investors who remain interested in these metals due to the fact that major trade, current account, savings, debt, and currency market imbalances remain unaddressed by governments.
Gold may trade above $1,100 this week
Gold may trade above $1,100 this week. A move to $1,140 or even higher is quite possible based on short-term short covering. There have been heavy volumes of buying and selling between $1,084 and $1,130 over the last two weeks, reflecting a battle between shorter term investors liquidating positions based on a stronger dollar and economic indicators and longer term investors taking price dips as opportunities to buy.
Bee therapy to cure bone and joint diseases
Doctors from China have proven that bee therapy create significant results to cure bone and joint diseases.
G8 foreign ministers to focus on Iran sanctions
Canada will press the Group of Eight leading industrialized nations to tighten United Nations sanctions on Iran when it hosts a meeting of foreign ministers from the grouping on Monday and Tuesday.
Physical and sexual assaults in nursing homes ‘horrifying,’ Roxon says
A detailed report describing a significant increase in alleged physical and sexual assaults in homes for the elderly, has been remarked as 'horrifying' by Australia's Health Minister Nicola Roxon.
Dow eyes 11,000 as jobs data looms
The Dow industrials could hit 11,000 this week as investors bet the U.S. labor market had a significant turnaround in March, showing the economic recovery is in good shape.
Iceland hopes for IMF review within weeks
Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing crucial aid for the crisis-hit nation.
Obesity surgery demands increase, benefits fall short of cost
While obesity surgery is increasing in popularity, the figures show for the first time that the benefits of the procedure for the average patient fall far short of the costs, making simpler alternative treatments more cost-effective.
Ingredient in curry slows liver disease, study says
Scientists have revealed that curcumin, a major component in turmeric helps to treat liver damage. Curcumin is also useful in treating jaundice and blemishes.
Health problems among older users of cannabis increase ten-fold
A ten-fold increase in hospital treatments for cannabis poisoning or dependence among people in their 30s and 30s suggests the habit has detrimental health consequences for hard-core long term users.
Australian of the year, Patrick McGorry appeals for mental health reform
Patrick McGorry, Australian of the Year will appeal for mental health to be included in the federal government's health reforms in national television commercials to be aired this weekend.
Vintage items calm dementia patients
Vintage things have helped dementia patients to improve their sense of wellbeing.
Iceland hopeful IMF review can take place within weeks
Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing key aid for the crisis-hit nation.
Total ban for high levels of trans fat
food manufacturers with high levels of trans fats shall have a total national ban
Geely signs $1.8 billion deal for Ford's Volvo car unit
Zhejiang Geely Holding Group, China's largest private-run car maker, agreed on Sunday to buy Ford Motor's Volvo car unit for $1.8 billion, the country's biggest overseas auto purchase.
Attacks in nursing homes increased as aged care profits dropped
Aged care profits dropped while nursing home assaults increased.
Nakheel seen offering sukuk to trade creditors
Nakheel trade creditors will be offered a large-scale Islamic bond, or sukuk, as part of a debt restructuring plan, a source close to parent firm Dubai World said on Sunday, potentially boosting the region's sukuk market.
Sinopec gets upstream foothold with $2.5 billion deal
Sinopec , Asia's top oil refiner, will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals, which could shield it from high oil prices that hit margins in the fourth quarter.
Geely buys Ford's Volvo car unit
Zhejiang Geely Holding Group, China's largest private-run car maker, agreed on Sunday to buy Ford Motor's Volvo car unit, the country's biggest overseas auto purchase.
Geely signs deal to acquire Ford's Volvo car unit
Zhejiang Geely Holding Group, China's largest private-run car maker, has agreed to acquire Ford Motor's Volvo car unit, a Volvo spokesman said on Sunday.
Geely, Ford to sign Volvo accord on Sunday--Volvo
Zhejiang Geely Holding Group, China's largest private-run car maker, will sign an agreement on Sunday with Ford Motor to buy the U.S. carmaker's Volvo car unit, a Volvo spokesman said on Saturday.
ECB's Weber says current rate levels appropriate
European Central Bank Governing Council member Axel Weber said current interest rate levels are appropriate, signaling that the central bank will stick to low rates for some time, the Nikkei newspaper reported on Sunday.
Union threatens more strikes at British Airways
The union representing British Airways' striking cabin crew warned on Saturday that it would stage more stoppages unless there was a breakthrough in the dispute over pay and jobs.
Greece Bond Issue Planned for Next Week
The Financial Times is reporting that Greece plans to put the EU solution to the test with a 5 billion euros ($6.7 billion) bond issue next week. In an interview with the Financial Times, Petros Christodoulou, who heads the public debt management agency, stated that he would like to return to the bond markets next week to begin financing his country's debt. Greece will issue either a three- or seven-year bond, which will be followed by a second issue of similar size in April.
Zero rates not a policy floor, says ECB's Orphanides
Central bankers can continue to ease monetary policy even when interest rates are at zero, and should do so if they sense the threat of deflation, a member of the European Central Bank's Governing Council said on Saturday.
ECB's Orphanides: Can still ease past zero rates
Central bankers can continue to ease monetary policy even when interest rates are at zero, and should do so if they sense the threat of deflation, a member of the European Central Bank's Governing Council said on Saturday.
Geely, Ford to sign Volvo accord on Sunday: Volvo
Zhejiang Geely Holding Group, China's largest private-run car maker, will sign an agreement on Sunday with Ford Motor to buy the carmaker's Volvo car unit, a Volvo spokesman said on Saturday.
Lufthansa calls for mediator in pay dispute - report
Senior executives at Lufthansa are calling for a mediator in an ongoing pay dispute with pilots, German magazine Der Spiegel reported, raising hopes that a looming strike could be averted.
China imports 40% less crude oil from Iran
Chinese crude oil supplies from Iran seems to be squeezing as the Asian dragon's crude oil imports from its third largest supplier, Iran, shrank by nearly 40% in the first 2 months of 2010 against the corresponding period last year. Even as the country's economy is thriving and the demand for crude has been rising steadily, the imports have shown a significant fall in the given period.
