Brent Crude Oil Prices Rise Above $97 after China: reports PMI
Brent crude experienced a rise of $97 per barrel on Tuesday. This was after a factory in China unexpectedly soared in terms of demand outlook in the global market in September.
The expectations proposed by the analysts for a reading of 50 about Brunt crude oil were beat from 50.2 in August to 50.5 in September as orders continued to rise, reported the HSBC China Purchasing Managers’ Index (PMI).
For November, Brent was up 15 cents by 0646 GMT reaching a value $97.12 per barrel, after dropping nearly more than a dollar, on early Monday. Moreover, the U.S. rebounded from as low as $90.58 ...
Published Date:
Sep 2015
Nova Chemicals Corp. Official Shipper for UTOPIA Project
Kinder Morgan Energy Partners recently announced the receiving of its transportation agreement with Nova Chemicals Corp. Nova Chemicals Corp. is headquartered in Alberta, Canada; however holds its operations in Moon Township. The company will receive ethane-propane and ethane mixtures from end to end Utica to Ontario Pipeline Access (UTOPIA) project.
Although more capacity is available within this project, through this deal, the project can advance to higher levels.
Currently, the UTOPIA project is open for shippers to reserve certain capacity. According to Kinder Morgan, the open season began on September 5, and will close on October 6.
The UTOPIA ...
Published Date:
Sep 2014
Innovation Center Established by PepsiCo in Dubai
The world’s food and beverage giant, PepsiCo has recently declared its plan of establishing an innovation center in the life sciences cluster DuBioTech situated in Dubai. This will be PepsiCo’s very first facility in this region. According to PepsiCo, the main rationale of this innovation facility will be to identify and cater to the preferences and tastes of the consumers in the local market. Furthermore, it also aims at promoting innovation in the regional market.
In order to enable researchers to carry out quick tests of new products, this innovation center will consist of test labs ...
Published Date:
Sep 2014
Bendgate: iPhone 6 Plus Video May Have Been Fake
The YouTube video showing how the new iPhone 6 Plus could be bent out of shape may possibly be a fake. The claim about a ‘bendy’ iPhone 6 Plus went viral across the Internet, earning the name ‘Bendgate’.
The video apparently spread panic among Apple users and customers, with them fearing that the smartphone may bend in their trouser pockets. Online forums and social media were abuzz with reactions, with #BendGate trending on Twitter.
Apple Inc. finally broke its silence to put the rumors to rest. The company invited a handful of media persons to its test ...
Published Date:
Sep 2014
Europeans Accept Chinese Electronics
A research conducted by the consultancy GfK revealed that European markets have grown to be more accepting of Chinese electronics and home appliance brands. The Chinese names have been expanding into European markets recently.
The report states the overseas presence of Chinese home appliances and electronics market is increasing and now possesses a matured industry chain and rising shares. Their share will increase considerably once Chinese brands improve quality and performance.
Chinese smartphone makers such as Xiaomi, Huawei, and Lenovo are doing positively across the globe, according to Alfred Zhou, the MD of GfK China.
36 percent of the world’...
Published Date:
Sep 2014
News of Hyundai Motor’s Land Bid Sparks Strikes, Makes Wage Talks Complicated
General Motors Co. has announced its plans about opening headquarters of its Cadillac brand in New York next year, as a part of its strategy to expanding the brand’s appeal and remaking its image outside North America.
Cadillac’s spokesman David Caldwell stated that the brand’s office, including event space and display, will open in the trendy Manhattan neighborhood Soho. The office is expected to be set up by the second quarter of 2015.
GM has stated that the move will establish Cadillac as a separate business unit.
GM President Dan Ammann said that ...
Published Date:
Sep 2014
Delphi Takes Over Antaya
Delphi Automotive plc has recently signed an agreement that lets it control Antaya Technologies Corp. Antaya is a leader in providing proprietary on-glass connectors. The move improves Delphi’s portfolio and make it more feasible in the rapidly growing electrical connectors in automotives business.
Antaya holds the leading position in the manufacture of on-glass connectors for the North American automotive glass industry. It has a growing customer base in China and Europe. Antaya also provides lead-free connectors which is another sector for growth, due to the fact that the world’s automakers demand a better and lead-free content ...
Published Date:
Sep 2014
Indian Regulatory Experts Push for Stronger Pharma Data Integrity
Regulatory experts in India have expressly stated their opinions on adding a special focus on tailing all the data integrity requirements. They are saying that this has to be done to avoid crackdown by regulatory agencies. The warning follows a growing number of letters issued by the US FDA and other international regulatory bodies to the Indian pharmaceutical companies regarding their poor data integrity. Inspectors have discovered major errors in the Indian files.
Many firms like Sun Pharma have come under the scanner after mounting data integrity issues have cropped up in the recent times. Other companies that have also ...
Published Date:
Sep 2014
China’s Huawei to Setup 4G Network in Cambodia
EMAXX, the Cambodian telecommunications company has signed a deal with the Chinese Huawei on Wednesday to build and develop a 4G network in Cambodia.
The contract was signed by Ai Minn, the CEO of EMAXX, and the DGM of Huawei Technologies Weng Kefeng. The signing was performed in the presence of the Chinese Embassy’s Cambodian political councilor Li Zhigong and Kan Channmeta, Secretary of State at the Cambodian Ministry of Posts and Telecom.
The contract states that Huawei will build all 4G base stations in eight predetermined Cambodian cities. The project’s estimated time for completion is ...
Published Date:
Sep 2014
Cost Watchdog of Britain’s Healthcare Sector Approves GSK’s Melanoma Drug under Price-Cut Conditions
Cost control agency of Britain’s healthcare sector, The National Institute for Health and Care Excellence (NICE), has recommended a drug for melanoma marketed by GlaxoSmithKline after the drug maker offered to supply it at a discounted rate to the National Health Service.
The drug, titled Tafinlar, is currently marketed by GSK but it will soon be transferred to Novartis under a trade deal between the tow companies.
Tafinlar is an oral drug that works in a way similar to Roche’s Zelboraf. Both the drugs target a specific gene mutation that is linked with more ...
Published Date:
Sep 2014
GFT Publishes Big Data for Financial Services Industry
According to the electronic newsletter issued by the California Independent Petroleum Association on Monday, the refinery project poses major economic questions regarding bringing extra crude barrels into the California market. This will affect the local crude prices in the state.
The oil-by-rail project of Alon USA Energy Inc. on Rosedale Highway stirs several questions regarding the local crude prices in the oil industry of California.
Alon is a Dallas-based oil company that has asserted around $170 million since 2012 in the refining industry. Several observers in this industry say that Alon’s proposal could possibly lower the price of ...
Published Date:
Sep 2014
Weakening Rouble Makes GM Cut Production and Cut Jobs in Russia
Opel Group, the European subsidiary of general Motors has planned to cut production and shed nearly 500 jobs in Russia. The decision comes ahead of the weakening Russian rouble and the drop in local demand due to slow economic growth and Western sanctions.
Opel stated that it would cut production from two shifts per day to one, at its St. Petersburg plant where it produces Chevrolet Cruze compact and Opel Astra.
The company will also offer voluntary severance letters to nearly 500 of the plant’s 2000 employees. Opel also plans to accelerate a decision of shifting to more of local suppliers ...
Published Date:
Sep 2014
Only 44% Americans Think College Education “Very Important”: Poll
A recent annual poll has revealed some shocking statistics regarding Americans’ views on the need for a college education. The poll showed that only 44% of Americans believed that a college education was “very important”, a drastic drop from 75% just four years ago.
The 46th annual PDK-Gallup poll also found that most parents of kids in public schools wish that teacher training programs be more selective and that new teachers work under a certified teacher for at least a year before being given a class for themselves. The finding is in absolute opposition of President Obama’s ...
Published Date:
Sep 2014
Fashion Industry Embraces Technology at London Fashion Week
The London Fashion Week cast the spotlight this week not just on the clothes on the runway, but the technology that surrounded the event. In what could be termed as a new digital first for the fashion industry, Burberry teamed up with Twitter to launch the new click-to-buy button to people across the globe. The British luxury fashion house made its nail paint that will be showcased at the LFW available to Twitterati. The social media website is currently trying out the “buy now” feature and decided to coincide its launch with the Burberry Prorsum Spring 2015 show.
The ...
Published Date:
Sep 2014
Bitcoin Mining Firm Free from Cease Trade
A Saskatchewan based Dominion Bitcoin Mining Company is now free from cease trade and is operating once again.
The cease-trade order against Bitcoin was lifted in May by the Financial and Consumer Affairs Authority (FCAA) with no penalty being issued after it expired last week.
FCAA’s action toward originally issuing the order was because it believed the mining firm had been looking out for various investors in the Saskatchewan region without actually being registered to perform such an action. During this process, Dominion Bitcoin commented that FCAA had no legal rights over the company as it ...
Published Date:
Sep 2014