China cuts petrol price, hikes onshore gas price
China's National Development and Reform Commission (NDRC) on Monday slashed gasoline prices by 230 yuan per tonne and diesel prices by 220 yuan per tone. However, NDRC increased onshore domestic gas prices by 24.9 percent to 1,155 yuan ($169.1) per tone per 1,000 cubic metres.
Natural gas exports to be larger in 2010: Gazprom
Russian energy giant Gazprom has expressed hope that it can export larger natural gas in 2010 as the global economy has begun to recover after the crisis.
Emerging markets to drive growth in oil storage
Surge in crude oil storage capacity in emerging markets will help lift global average annual growth rate (AAGR) in oil storage capacity by 4.9% during 2009-15. Emerging markets constitute 26% of the global storage capacity, according to an analysis by Research and Markets.
Will gold surge to $1,250/oz?
Gold is marginally lower and threading water in most currencies today with markets subdued as the London Stock Exchange and Wall Street are closed for a national holidays.
Gold, silver jewellery market thrives in India
Bharatbook has added a new report on Gems and Jewellery Market in India 2010. It is a consumer goods series. It gives export and the import structure of the Gems and Jewellery market in India.
Three BP fuel oil traders in U.S. quit
Resignations from BP Plc's fuel oil team have extended globally, with the departure of three traders from its U.S. office, including the team leader, and the head trader in London, three industry sources said on Monday.
Union warns British Airways of further strikes
British Airways could face even more strike disruption this summer unless it resolves a dispute with cabin crew over travel perks, the co-leader of Britain's biggest union Unite said on Monday.
May retail sales seen up but spending erratic
Retailers are expected to show a sizable increase in sales for the month of May, but erratic trends of consumer spending could grow more pronounced over a seasonally weaker period for shopping.
Asustek joins tablet PC race; launches app store
Netbook PC pioneer Asustek Computer Inc has become the latest technology company to jump on the tablet PC bandwagon on Monday, joining cross-town rival Acer Inc in jostling with Apple Inc in the nascent sector.
Hitachi outlines $11 billion spend on key businesses
Hitachi Ltd , Japan's largest electronics maker, will focus investments on infrastructure-related businesses such as power plants as it seeks to more than double its profit over the next three years.
Pakistan court lifts Facebook ban, restrictions remain
A Pakistani court on Monday lifted a ban on social networking website Facebook which had carried a competition to draw the Prophet Mohammad, but access to any blasphemous material will remain blocked, a lawyer said.
Euro inches up while stocks remain flat after warning
The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain's credit heightening investor caution in holiday-thinned trade.
Hitachi outlines big spending on key businesses
Hitachi Ltd , Japan's largest electronics maker, plans to focus spending on infrastructure-related businesses such as power plants as it seeks to more than double its profit over the next three years.
China's Wen: global economy double-dip possible
Chinese Premier Wen Jiabao warned on Monday that global economic growth remained vulnerable to sovereign debt risks and the possibility of a second downturn, but said his own nation's growth remained on track.
Euro steadies after worst month since early 2009
The euro steadied on Monday but remained under pressure after Fitch downgraded Spain's credit rating and France said keeping its top credit rating may be a stretch without tough budget cuts.
Fed officials see small uncertainty from Europe
Two U.S. Federal Reserve officials said on Monday that the euro zone debt crisis has added some uncertainty to the economic outlook but the impact is not yet big enough to influence the interest rate policy of the United States.
France warns on credit rating
France admitted on Sunday that keeping its top-notch credit rating would be a stretch without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit.
Female circumcision under consideration
Australian doctors are considering introducing a controversial form of genital mutilation carried out on baby girls.
Pregnant women should be allowed to eat more fish
A group of British nutritionists fear that the current official advice to women, which recommends they eat no more than two portions of fish a week, could risk an increase of brain disorders in children.
Bernanke, Trichet see key emerging economies role
The heads of the Federal Reserve and the European Central Bank on Monday both singled out emerging economies as key to global financial stability.
Natural births protect babies from diseases
According to researchers, babies born by caesarean section are more vulnerable to asthma, allergies and infection as they miss out on their mothers' good protective bacteria during birth.
New injection offers hope for osteoporosis sufferers
The new injection called Prolia, has been shown to significantly cut the risk of fractures in patients with osteoporosis.
Study finds iPads cost most in Europe and UK, cheapest in U.S.
Britain and Europe are the world's costliest places to buy Apple Inc's new iPad computer, with prices around a quarter higher than in the United States, a new study has found.
Bernanke: Emerging markets play stabilizing role
Federal Reserve Chairman Ben Bernanke said the world economy depends ever more on emerging markets to maintain strong domestic growth and economic and financial stability.
Australian Dollar Outlook 30/5/2010
The Australian Dollar has come off from its recent high on Friday night of 0.8550 as investors trimmed their positions ahead of the long weekend in the US (Memorial Day today) and the UK (May Bank today as well).
Bidders line up for Shell LPG assets: report
Brazil's Ultrapar is set to submit an offer for Royal Dutch Shell's European liquefied petroleum gas arm alongside a string of private equity bidders, the Financial Times reported.
Survey: Dating partners prefer non smokers
A new survey suggests even smokers themselves prefer dating partners who don't smoke.
Is milk from grass-fed cows more heart-healthy?
(Reuters Health) - If milk does the heart good, it might do the heart better if it comes from dairy cows grazed on grass instead of on feedlots, according to a new study.
Daily forex forecast - 31/5/2010
The Australian Dollar opens sharply higher today at 0.8510. Despite a surprise drop in new capital spending, which fell 0.2 per cent in the first quarter, the Aussie rallied from an intraday low of 0.8220.
UK's Pru seeks 10 percent price cut to save AIA deal: report
Prudential investors will back the group's bid for AIG's Asian life insurance arm provided it can negotiate a 10 percent cut in the deal's $35.5 billion price tag, the Sunday Times reported.
