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Oil rises back above $US80 on demand hopes

Mon 01/03/10 - 12:13:29 vs6
Crude oil rose for a second day on expectations that economic growth in the US, the world's largest energy consumer, and in the emerging markets of Asia will boost fuel demand. Oil extended its 1.9 per cent gain on February 26 after the US reported its economy expanded at 5.9 per cent in
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Tags : smh.com.au, Wash, Trader, stock, spa, OPEC, Nikkei, new york mercantile exchange, MSCI, MSC, Index, futures, Exchange, europe, Euro, decade, Count, Commission, bloomberg, million metric tons, fuel demand, energy consumer, oil markets, global demand

Copper Jumps to Five-Week High in London After Chile Quake - Bloomberg.com

Mon 01/03/10 - 09:54:12 vs6
Copper for three-month delivery on the London Metal Exchange surged as much as 5.6 percent to $7,600 a metric ton, the highest price since Jan. 20. The contract traded at $7,430 a ton at 9:46 a.m. in Shanghai. The June-delivery contract on the Shanghai Futures Exchange climbed 5 percent from
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Tags : bloomberg.com, futures, Exchange, title.Bloomberg, bloomberg, million metric tons, supply contracts, delivery contract, what additional information, settlement price, metric ton, initial reaction

Chile Copper Mines Shut for Second Day After Quake Cuts Power - Bloomberg.com

Mon 01/03/10 - 01:13:51 vs6
Codelco , the world’s biggest copper producer, said its Andina mine suffered power losses and installations were damaged by a five-ton boulder. The mine could reopen “in the coming” hours, said a spokesman for the state-owned producer, who declined to be quoted, citing company poli
cy. El
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Tags : bloomberg.com, Short, Quote, Open, Exchange, Equity, title.Bloomberg, bloomberg, BHP, state oil company, copper producer, copper mines, copper mine, million metric tons, power losses, metal markets, world economy, global supply, temblor, refineries

Coal Rally on Chinese Demand Sparks $59 Estimates (Update1) - Bloomberg.com

Mon 22/02/10 - 04:53:17 vs6
Prices will average $59.28 a ton this year, up 17 percent from $50.75 as of Feb. 19 on the New York Mercantile Exchange and 41 percent more than last year’s low in April, according to the median of 11 analyst estimates in a Bloomberg News survey. Stockpiles at utilities swelled last ye
ar
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Tags : bloomberg.com, YOY, Wash, Utilities, stock, Short, shares, Quote, Pit, PCX, Open, NOA, new york mercantile exchange, LLC, interest rate, Interest, gdp, Exchange, europe, Euro, Energy, DUS, decade, DAC, chief operating officer, chief executive officer, title.Bloomberg, bloomberg, Alpha, boutique investment bank, million metric tons, coal company, economic recession, coal miner

Shree Renuka Buys Equipav Acucar for Sugar Supply (Update2) - Bloomberg.com

Sun 21/02/10 - 09:33:06 vs6
The purchase of Equipav is the Indian refiner’s second acquisition in Brazil, the world’s biggest sugar producer, in less than four months. Shree Renuka bought Vale Do Ivai SA for $82 million in November. The acquisitions will help Shree Renuka secure raw sugar supplies at a time wh
en a
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Tags : bloomberg.com, title.Buy, Brazil, title.Bloomberg, Advisor, deputy director general, million metric tons, global prices, sugar producer, raw sugar, urgent steps, refined sugar, refiner

ThyssenKrupp Posts First Profit in Year on Demand, Lower Costs - Bloomberg.com

Fri 12/02/10 - 03:32:33 vs6
Feb. 12 (Bloomberg) -- ThyssenKrupp AG reported its first quarterly profit in a year as Germany’s largest steelmaker benefited from reduced costs and a rebound in demand for the metal. Steel producers are resuming output at plants from the U.S. to Russia and China as the world econo
my
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Tags : bloomberg.com, workforce, Short, Russia, Quote, decade, title.Cost, chief executive officer, Brazil, title.Bloomberg, bloomberg, assets, 12 months, million metric tons, steel plants, steel output, steelmaker, world economy, quarterly profit, investment grade, construction companies

Palmer Says China Coal Deal Binding After Wrongly Naming Buyer - Bloomberg.com

Wed 10/02/10 - 12:32:59 vs6
Palmer’s Resourcehouse Ltd. made a “mistake” in a Feb. 6 statement wrongly naming China Power International Development Ltd. as the buyer, he said in Perth today. The agreement, which Palmer says is Australia’s largest export deal, is with unlisted China Power International Holdi
ng Ltd.,
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Tags : bloomberg.com, IPO, Invest, Hold, title.Buy, title.Bloomberg, bloomberg, BHP, million metric tons, initial public offering, export deal, framework agreement, school dropout, steel mills, richest man, iron ore, video presentation

Resourcehouse’s Palmer Calls China Accord ‘Binding’ (Update1) - Bloomberg.com

Wed 10/02/10 - 11:12:57 vs6
A statement by his Resourcehouse Ltd. on Feb. 6 that incorrectly named a Chinese customer was a “mistake,” Palmer, 55, Australia’s fifth-richest man, told reporters today in Perth, Western Australia. Palmer said yesterday a coal sales deal had been agreed with China Power Interna
tional
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Tags : bloomberg.com, Invest, Hold, title.Call, title.Bloomberg, BHP, coal sales, million metric tons, initial public offering, steel mills, richest man

India to Complete Building First Oil Storage Tank by Mid-2011 - Bloomberg.com

Wed 10/02/10 - 08:33:41 vs6
The tank at Visakhapatnam on the east coast will have a capacity of 1.33 million metric tons, Oil Secretary S. Sundareshan said in an interview at his office in New Delhi. The nation’s storage capacity will rise to 5 million tons when two more terminals are built at Mangalore on the we
st
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Tags : bloomberg.com, Short, Quote, Plan, Open, IOC, futures, Cost, title.Bloomberg, bloomberg, storage hub, underground caverns, global recession, storage terminals, million metric tons, median estimate, oil ministry, storage capacity, crude prices, storages, stockpile, rupees

Japan Needs to Be More Flexible on Steel Mergers, Official Says - Bloomberg.com

Wed 10/02/10 - 08:13:50 vs6
“The Fair Trade Commission needs to embrace a perspective of international competitiveness” when it considers mergers and tie-ups among Japanese steelmakers, Masaki Koito , director of the iron and steel division at the Ministry of Economy, Trade and Industry , said in an inter
view
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Tags : bloomberg.com, Short, shares, Quote, Open, international monetary fund, Industry, Hold, Commission, title.Bloomberg, 401, stainless steel unit, merger and acquisition, international competitiveness, million metric tons, steel division

China May Scrap Plan for Mills to Match ArcelorMittal (Update1) - Bloomberg.com

Thu 04/02/10 - 11:52:08 vs6
“We want them to focus on upgrading technologies, product quality and the environment,” said Li Xinchuang , who is helping to draft a new steel policy as head of the China Metallurgical Industry Planning & Research Institute. “Big is not necessarily good. ArcelorMittal suffered to
o much
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Tags : bloomberg.com, Short, Quote, title.Plan, Plan, Open, Industry, Index, Composite, Commission, title.Bloomberg, bloomberg, benchmark, assets, ACH, million metric tons, depressing prices, steel association, policy draft, chief analyst, analyst estimates, new steel, overcapacity, tons of steel, management costs

China May Scrap Plan for Mills to Match ArcelorMittal in Size - Bloomberg.com

Thu 04/02/10 - 09:52:43 vs6
“We want them to focus on upgrading technologies, product quality and the environment issue,” said Li Xinchuang , who is helping to develop a new government steel policy as president of the China Metallurgical Industry Planning & Research Institute. “Big is not necessarily
good.
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Soros-Backed Venture Weighs IPO to Fund Brazil Mill (Update3) - Bloomberg.com

Wed 03/02/10 - 01:31:25 vs6
“We never had difficulties in raising capital from shareholders, but if market conditions are attractive, we could go for an IPO, why not?” Marcelo Vieira , a director for sugar and ethanol at the Buenos Aires-based company, said yesterday in an interview. “The sugar and e
thanol
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Tags : bloomberg.com, Open, LLC, title.IPO, IPO, international monetary fund, futures, Change, title.Brazil, Brazil, title.Bloomberg, environmental policy group, million metric tons, rice grower, initial public offering, carbon emissions, sugar mill, ethanol

Soros-Backed Venture Weighs IPO to Fund Brazil Mill (Update1) - Bloomberg.com

Tue 02/02/10 - 10:31:46 vs6
“We never had difficulties in raising capital from shareholders, but if market conditions are attractive, we could go for an IPO, why not?” Marcelo Vieira , a director for sugar and ethanol at the Buenos Aires-based company, said yesterday in an interview. “The sugar and ethanol sec
tor in
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Tags : bloomberg.com, title.IPO, IPO, futures, title.Brazil, Brazil, title.Bloomberg, million metric tons, rice grower, initial public offering, sugar mill, ethanol, farmland, dairy products, soybeans

Cnooc Aims to Increase 2010 Oil, Gas Output by 28% (Update1) - Bloomberg.com

Tue 02/02/10 - 05:31:59 vs6
The Hong Kong-listed company plans to produce between 275 million and 290 million barrels of oil equivalent, Cnooc said in its strategy report today. The company estimated overall output reached between 226 million and 228 million barrels last year. China processed a record 374.6 million metric
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Tags : bloomberg.com, Short, Quote, Open, Offshore, Index, title.Bloomberg, assets, global slowdown, million metric tons, production targets, energy user, gas interests, cnooc, strategy report, oil equivalent, cost advantage, deputy governor, listed company, energy sector, new projects, oil and gas

Indian Food Inflation Stays Above 15%, Adding to Rate Pressure - Bloomberg.com

Thu 21/01/10 - 03:30:58 vs6
An index of wholesale food articles compiled by the commerce ministry increased 16.81 percent in the week ended Jan. 9 from a year earlier, following a 17.28 percent gain in the previous week. Food inflation was at 19.95 percent in the week to Dec. 5, the fastest pace since Dec. 1998. Reserve
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Tags : bloomberg.com, Short, RBI, Quote, Open, title.Inflation, inflation, Hold, title.Bloomberg, Advisor, cash reserve ratio, inflation expectations, million metric tons, wholesale food, free imports, commerce ministry, food costs, food prices, monsoon season, government bond, price stability

China’s CIC Held Talks for Brazil, Mexico Investments (Correct) - Bloomberg.com

Wed 20/01/10 - 07:11:34 vs6
Jan. 20 (Bloomberg) -- China Investment Corp. , the nation’s sovereign wealth fund, has had “early” talks for direct investments in Brazil and Mexico, Chairman Lou Jiwei said. The sovereign wealth fund plans to increase direct investments this year and prioritizes such investme
nts in
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Tags : bloomberg.com, YOY, Short, Russia, Quote, Open, title.Invest, Invest, gdp, Energy, cpi, title.CIC, CIC, title.Brazil, Brazil, title.Bloomberg, bloomberg, assets, ACH, public capital markets, southern deserts, million metric tons, initial public offering, coal producer, financial forum, power producer, asset prices, iron ore

BHP Iron Ore Output Rises as Chinese Demand Gains (Update2) - Bloomberg.com

Wed 20/01/10 - 06:51:52 vs6
Output of the ore, its biggest earner in fiscal 2009, was 32.45 million metric tons in the three months ended Dec. 31, compared with 29.4 million tons a year earlier, the Melbourne- based company said today in a statement. BHP joins rival Rio Tinto Group and Posco, Asia’s most profitab
le
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Tags : bloomberg.com, workforce, Short, Quote, title.Gain, europe, Euro, title.Bloomberg, title.BHP, BHP, iron ore exporter, million metric tons, quarter output, steel market, ore production, steelmaker, Automakers, economic recovery

India Plans $16 Billion Energy-Saving Credit Market (Update1) - Bloomberg.com

Thu 14/01/10 - 02:51:11 vs6
Businesses that exceed energy efficiency targets will be awarded credits that can be traded on power exchanges with companies that fail to meet the goals, Bureau of Energy Efficiency director-general Ajay Mathur said in an interview in Mumbai. The exchange-traded system may help India meet
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Tags : bloomberg.com, Wash, Short, Quote, title.Plan, Open, Hold, Global, gdp, Exchange, title.Energy, Energy, title.Credit Market, title.Bloomberg, banks, carbon dioxide emissions, environmental policy group, carbon intensity, million metric tons, binding targets, capacity additions, savings certificates, power exchanges, binding system, carbon management, target

Posco Posts Highest Profit in Six Quarters, Spending to Soar - Bloomberg.com

Thu 14/01/10 - 02:11:10 vs6
Net income advanced 77 percent to 1.28 trillion won ($1.1 billion) in the three months ended Dec. 31, from 721.4 billion won a year earlier, according to calculations derived from full-year results released today by the Pohang, South Korea- based company. Spending for 2010 will reach 9.3 trillion
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Tags : bloomberg.com, Warren Buffett, Short, shares, Quote, Invest, Hold, europe, Euro, chief executive officer, title.Bloomberg, bloomberg, berkshire hathaway, ACH, 12 months, global steel market, raw material costs, million metric tons, crude steel, steelmaker, overseas expansion, steel prices, operating profit, stakeholder