IBT Staff Reporter

89251-89280 (out of 154943)

China's metals imports going strong

It seems there is no end to China's appetite for metals. China's economic health is robust and it is continuing with the metal buying spree. China's imports of all metals rose in July with imports of refined lead in particular jumping by over 80 per cent compared with June, while refined zinc and nickel imports both surged by over 50 per cent.

Move against Vedanta to hit mining sector

India's environment and forests minister Jairam Ramesh rejected the environment clearance accorded to state-owned Orissa Mining Corporation (OMC) to mine bauxite in Niyamgiri Hills on December 11, 2008 for supply to Anil Agarwal-promoted Vedanta Aluminium Ltd's refinery in Lanjigarh.

New oil eating bacteria raises hope for Gulf

Finding of a new type of oil eating bacteria at the sites of recent Gulf of Mexico oil spill raised new hopes for environmentalists. Scientists discovered the new microbe while studying the underwater dispersion of millions of gallons of oil spilled into the Gulf following the explosion of BP's Deepwater Horizon drilling rig.

How international sanctions affect energy prices

Although the Iranian government insists that countries like China and Russia can make up lost Western investment in the petroleum sector, rising gas prices and stalled energy projects are signs that the regime is beginning to buckle under international sanctions.

Oil moves towards $73 as dollar dips

World oil prices advanced towards $73 in Asian trade Thursday mainly on a weak dollar after overcoming impacts over a massive increase in US crude reserves. Light sweet crude for October delivery was seen trading at $72.81 a barrel at 11.30 a.m Singapore time while Brent crude for October delivery was at $73.85 a barrel in London.

Gold stays up on weak dollar, econ worries

Gold prices remain higher in Asian trade Thursday a day after the WGC said regional giants India and China were likely to provide the main thrust to demand growth this year.

India food inflation dips to 10.05 percent

India's food inflation eased further but remained in double digit for the third week in a row. According to official figures from country's commerce ministry, the food inflation based on wholesale price index eased to 10.05 percent for the week ended August 14, compared with previous week's 10.35 percent.

China Q2 gold demand rise 26 percent

China remains world's second largest gold consumer behind India though its gold demand increased by 26 percent year-on-year in the second quarter. According to World Gold Council (WGC), China's gold demand in the April-June period reached 111.7 tons.

India accounts for 30% of global jewelry demand

India, the world's largest gold consumer accounted for 30 percentage of the global gold jewelry demand. According to World Gold Council, jewellery was dominated by India, with demand of 123t or 30% of the world total, just down from the 32% market share of Q1.

Australian Dollar Outlook 25/8/2010

The Australian Dollar has opened slightly lower today after losing more than one US cent due to an increase in risk aversion in Europe and the US, as evidenced by falls in the Dow Jones Industrial Average to as low as 9,938 on the release of durable goods orders and further evidence of weakness in the US housing market.

Scientists create liver cells from patients' skin

British scientists have created liver cells in a lab for the first time by reprogramming stem cells taken from human skin, paving the way for potential new treatments for liver diseases that kill thousands each year.

Antihistamine use linked to extra pounds

People who use prescription antihistamines to relieve allergy symptoms may be more likely than non-users to carry excess pounds, a new study suggests, although the significance of the connection is not yet clear.

Scientists use synthetic corneas to restore vision

Scientists in Canada and Sweden have used laboratory-made biosynthetic corneas to restore vision to patients in a small human trial, and shown for the first time that they can help to repair damaged eye tissue.

Study links severe drug reaction to herpes virus

A rare and dangerous reaction to a range of common medicines including antibiotics and anticonvulsants may be caused by a severe immune response to reactivated herpes virus, scientists said on Wednesday.

Geely first-half net beats forecast

China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, warned of tougher competition and slower sales after its record first-half earnings beat forecasts on Wednesday.

Car markers hail Russian market revival

Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.

July new home sales tumble to record low

New U.S. single-family home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, according to government reports on Wednesday that heightened fears the economy was at risk of a new downturn.

Home prices fall 1st time in 4 months in June

Prices of U.S. single-family homes fell for the first time in four months in June, and by an adjusted 1.7 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.

Home refinancing demand up, rates hit new lows

Mortgage applications rose last week as record low rates lifted demand for home refinancing loans to its highest level in over 15 months, a development that could provide a much-needed jolt to the economy.

Stunned government to appeal stem-cell ruling

Stunned and disappointed Obama administration officials said on Tuesday they would appeal a federal court ruling that temporarily barred federal funding of embryonic stem cell research.

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