Alcoa Idles Italy Smelters, Hurting 2,000 Workers Nov 20, 2009
"We will continue to use every lever in an attempt to gain access to competitive power so that we can get our people back to work," said Marcos Ramos, president of Alcoa Primary Products Europe. Pittsburgh-based Alcoa, which has about 63,000 employees globally, said it will book a pretax charge of $300 million to $500 million in the fourth quarter related to stopping production at the Italian smelters. (ABC News -- Wire)
Purge purchase tax, octroi Nov 16, 2009
It covers foodgrain, cotton, jute and sugar among other primary products. Punjab and Haryana lead the 00004000 group of states opposed to subsuming of the tax into GST as they collect about Rs 1,000 crore and Rs 600 crore, respectively, from this levy on foodgrain. (India Times)
Beijing takes onLatin America Oct 22, 2009
The impact of China's expanding commitment in Latin America extends far beyond the PRC's immediate goals of securing access to Latin American markets and reliable sources of primary products at favorable prices. The implications of this trend can be. (Asia Times Online)
ECOWAS gets tough on EU Oct 20, 2009
But ECOWAS Commissioner for Trade and Industry, Alhaji Mohammed Daramy has maintained that based on the commissions technical analysis, ECOWAS can afford only up to 65 per cent market access, but would be willing to go up to 70 per cent at most" in return for a firm commitment by the EU to support EPA-related projects, mainly processing of primary products for value addition. He told media men at the sidelines of a recent meeting of ECOWAS trade and industry experts in Abidjan that "West... (Ghana Web, Ghana)
Hunting Energy plans new facility Sep 6, 2009
Drilling motors are its primary products, but such things as stabilizers and nonmagnetic drill-collars also are available. If all goes according to plan, Hooper said the new facility should take about a year to complete and will be about 50 percent larger than the existing one. (Casper Star-Tribune, WY)
Overhaul for growth transition Sep 3, 2009
In order to accelerate the growth mode transition, the relative price of resources should be raised, so as to drive the whole society to better treasure energy resources and economize on primary products, and to activate all individuals, enterprises and institutions to develop energy conservation products, equipment and technologies. Property tax reform should be put on the agenda as soon as possible, as this will be conducive to the functional transition of the local government, implementation... (Xinhuanet, China)
Inspire eyes $80M in offering Aug 5, 2009
In its 2009 guidance, the company says that its financial results will be dependent on revenues from its two primary products Elestat and AzaSite and royalty payments from partner (NYSE: AGN) on the dry-eye drug Restasis. Inspire expects those three products to produce sales this year of between $80 million and $90 million. (Triangle Business Journal)
Resources boom is still resounding Aug 2, 2009
We were never much good at manufacturing didnt have a big enough population to get the economies of scale, for one thing but we had abundant quantities of agricultural land and valuable minerals, and were highly efficient producers of primary products. So much so that, in 1870, Australias standard of living income per person was by far the highest in the West. (Sydney Morning Herald -- Business)
Africa: India - An Ideal Partner? Aug 2, 2009
The bank has signed over 13 LOCs worth over US$4 billion that have facilitated access to affordable industrial machinery for production, technology transfer and improved value addition for primary products and helped create employment. For the EXIM Bank, Africa has always been a focus area and in the coming years Indian can be a key source of finance especially in the infrastructure sector. (allAfrica.com)
ISSI Announces a Temperature Sensor With 2Kb Serial Presence Detect EEPROM for Memory Module Applications Jul 27, 2009
The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets EEPROM, SmartCards and is developing selected non-memory products focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, China, Europe, Hong Kong, India, Korea, Singapore, and Japan. (Primezone Releases)
A Chinese delegation arrived in Washington on Saturday to attend the first round of the China-U.S. Strategic and Economic dialogues.• Specialist: dialogue to bring U.S.-China economic ties closer Jul 26, 2009
"The recovery in China has a symbolic boost for the world. It will help many countries which export primary products, machinery and other products." However, the U.S. has larger responsibility for helping resolve the global crisis, he noted. Besides, Keidel said there are many other shared interests for the two countries. (Xinhuanet, China)
Teck Reports Second Quarter Results for 2009 Jul 23, 2009
We have five reportable segments: copper, coal, zinc, energy and corporate based on the primary products we produce or are developing. Results for the gold segment, which includes the Hemlo and Pogo operations, have been reclassified to discontinued operations and are no longer included in the table below. (CCNMatthews Press Releases)
High End Natural Health Products Distributor Brings Ancient Minerals Topical Magnesium Products to Singapore Jul 16, 2009
Its primary products include high purity omega-3 fish oil and now the Ancient Minerals brand of transdermal magnesium products. Contact: LL Magnetic Clay, Inc.. (Yahoo News -- Press Releases)
Absurd double standards on China's resources Jun 29, 2009
On the one hand, they may impose a strictly limited quota on China's iron and steel, agricultural produces, and many other primary products, while on the other hand, they are trying their utmost to seize China's rare metals ... But in line with the Principle of Comparative Advantage seen in the international trade theory, developing nations like China will provide the developed countries with labor-intensive primary products in return for their Hi-tech products and sophisticated technology with... (People's Daily Online, China)
China calls for end to US dollar domination Jun 27, 2009
"When a national currency becomes the global price-setting currency for primary products, the trade settlement currency and the reserve currency, that national currency has great difficulty attending to both domestic monetary policy goals and the reserve currency needs of various countries. "And the economic development model of debt-based consumption is most difficult to sustain," the report said. The PBOC also levelled criticism at international banking rules, drawn up by the Basel Committee... (Sydney Morning Herald -- Business)
Ghana to host second PACF Conference Jun 20, 2009
Speaking to the Ghana News Agency in Accra on Friday Dr George Essegbey, Director of STEPRI, said the Forum was to champion competitiveness with value chain additions to the primary products of business by using the clusters. The objective, he said, was to also assist productive sectors with activities that would add value to their produce as well as adopting strategies to enhance competitiveness across Africa. (Ghana Web, Ghana)
Minister charges L'Oreal to source raw materials from Ghana Jun 6, 2009
She said oils and other herbal extracts which are primary products of the L'Oreal Group abounded in Ghana and by exploring the possibility of sourcing them from the country, the company would be enhancing employment opportunities. The Minister said this when she launched the L'Oreal West Africa, formerly Dark and Lovely, during the company's centenary celebrations in Accra. (Ghana Web, Ghana)
LICENSING International Expo 2009 Exhibitor Profiles May 28, 2009
The company's primary products are canvas and paper reproductions that feature Mr. Kinkade's artistic unique use of light and his peaceful and inspiring themes. Mr. Kinkade, known as the "Painter of Light," is the most successful and most collected living artist in history. (Yahoo! Wire -- Entertainment News)
Malaysia's productivity down on slow economy May 20, 2009
1%, mainly attributed to efficient production of primary products and attractive palm oil and rubber prices. Bank Islam Malaysia Bhd (BIMB) senior economist Azrul Azwar said he expected even slower productivity growth this year due to the contraction in GDP growth. (The Star Online, Malaysia -- Business)
Sterling Chemicals Wins Rail Car Injury Case May 17, 2009
Its primary products are acetic acid and plasticizers. The information in this news release relating to matters that are not historical facts constitutes forward-looking information covered by the safe harbor created by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. (PR Newswire)
China central bank pledges "ample" liquidity May 7, 2009
"Prices of primary products and assets may rebound quickly once investor confidence is restored, as the global credit is relatively loose thanks to injection of liquidity and stimulus packages across the world," the bank said. The central bank also said it was concerned that the extraordinary monetary policy adopted by other major economies would result in inflation risks. (Xinhuanet, China)
Goodrich buys Cloud Cap Technology May 2, 2009
Its primary products include autopilot flight-management systems and measurement sensors. Charlotte-based Goodrich (NYSE:GR) is a supplier of systems and services to the aerospace and defense sectors. (Charlotte Business Journal, NC)
Kaiser Aluminum Corporation Reports First Quarter 2009 Financial Results Apr 30, 2009
Reconciliation of Non-GAAP Measures ----------------------------------- The following table presents a reconciliation of non-GAAP measures presented in the earnings release for the quarter ended March 31, 2009: Fabricated Primary Products Aluminum Corporate Consolidated -------- -------- --------- ------------ GAAP operating income (loss) $ 14 ... The following table presents a reconciliation of non-GAAP measures presented in the earnings release for the quarter ended March 31, 2008: Fabricated... (Primezone Releases)
China's FDI norms look set to be tweaked Apr 16, 2009
With regard to foreign trade, Yao said the government would assist small and medium-sized enterprises in developing their overseas markets; offer them help in marketing, registration and branding; urge financial institutions to grant loans to the large-scale equipment providers for exports, and encourage the imports of products related to hi-tech and environment protection and primary products. (Source: China Daily). (Xinhuanet, China)
Sumitomo Heavy Jump After Nomura Raises Rating on Machinery Maker to `Buy' Apr 6, 2009
Demand for the companys primary products is expected to stop falling, enabling it to maintain its operating profit level in the current fiscal year and to improve in the year ending March 2011, Okazaki said in a report dated today. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Dem Climate Change Legislation Could Trigger Global Trade War Apr 3, 2009
"Right now the language only covers energy-intensive primary products: steel, cement, aluminum, chemicals and glass," a GOP aide said. "By the time they were done with the bill in the Senate last year it potentially covered all kinds of manufactured products.". (Investors Business Daily)
China CPI falls to -1.6% in Feb. | PPI down 4.5% Mar 10, 2009
The fall of the CPI and PPI in February was mainly caused by the significant declines in the international primary products prices and other factors such as the Spring Festival and the severe winter weather which brought up the February CPI last year, said NBS in a statement. China's PPI had been actually falling at a slower pace compared with the three previous months, as the PPI in February only decreased 0. (Xinhuanet, China)
Crisis challenge for Sino-Indian trade Feb 20, 2009
Indian exports to China continue to be overwhelmingly dominated by primary products with little value added. In the first 11 months of last year, 71% of Indian exports to China comprised iron ore, up from 59% in 2007. (Asia Times Online)
United States of Argentina Feb 8, 2009
Certainly the country was hit hard by the depression of the 1930s, but so were other advanced nations that ultimately recovered, and Argentina profited from intense wartime demand for primary products. The country was killed by political decisions, and the primary culprit was Juan Per;n. (The American Conservative)
Making sense of your gas bill Feb 8, 2009
But because their primary products are long-term contracts, companies like MXenergy must make greater use of financial instruments such as futures contracts, swap contracts and options to make sure that they have the gas they need to meet future obligations to their customers. "We have to include the cost of financing" when setting prices, Mr. Mayer said. (Pittsburgh Post-Gazette, PA)
