CIBC World Markets Chief Economist Jeffrey Rubin thinks high energy costs could result in a sort of reverse globalization, as some overseas manufacturing is forced to return closer to home.
Rubin says the cost of shipping a standard 40-foot container from East Asia to the eastern U.S. has risen from $3,000 in 2000 to about $8,000, [...]
The outcome of annual iron ore contract price negotiations between Australian suppliers and Chinese buyers must be decided by market forces, Australian Trade Minister Simon Crean said Saturday.
China wanted the status of a market economy, which Australia previously formally recognized during trade negotiations, so it must recognize that the market will determine prices, he said.
“No [...]
Greenpeace activists dumped 200 kilos of coal at the entrance of the Department of Environment and Natural Resources (DENR) on Thursday and unfurled a banner with the message “Atienza, don’t be a climate criminal.”
The activists are demanding that Secretary Lito Atienza immediately reject all plans to construct a dangerous coal-fired power plant in Iloilo City.
Instead [...]
Mr Rudd wants to overturn a historic ban on the opening of new mines but there is fierce opposition from many delegates, especially those on the Left.
However, key anti-nuclear figures in the party yesterday admitted it would be devastating if Mr Rudd were defeated.
“It’s too close to the next election to be cannibalising ourselves,” a [...]
The Indian infrastructure equipment industry have to focus on research and development (R&D), service delivery capabilities to cash on the boom in investment in infrastructure sector. According to a Confederation of Indian Industry (CII)- KPMG study the domestic infrastructure equipment sector is expected to grow to $4.2 billion size from $1.95 billion in 2004 owing [...]
China and Indonesia signed a memorandum of understanding (MOU) on Saturday concerning cooperation in the energy and mineral resources sectors.
Chinese Vice Premier Huang Ju and visiting Indonesian President Susilo Bambang Yudhoyono attended the signing ceremony held at the second Sino-Indonesian energy forum, which opened in Shanghai on Saturday.
Huang said the forum will create a favorable [...]
PT Truba Alam Manunggal said it will sell 5 bln shares or 38.46 pct of its enlarged capital via an initial public offering (IPO) slated for Sept 27 to 29.
The listing on the Jakarta Stock Exchange is tentatively scheduled for
Oct 5.
The company said in a published prospectus that it will use the entire IPO proceeds [...]
Indonesia will soon build 40 coal- fired power plants with a combined capacity of 10,000 megawatts to help the country resolve power crisis, an executive said Tuesday.
The project will begin once President Susilo Bambang Yudhoyono issues a presidential instruction on the project on Friday, said Djuanda Nugraha, acting director of state-run electricity company PLN.
The [...]
