Thursday 18 December 2014
 
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China

Kufpec inks China exploration contracts

Kuwait Foreign Petroleum Exploration Company (Kufpec) said its Chinese subsidiary has signed three production sharing contracts (PSCs) covering exploration blocks located in the South China Sea adjacent to the Yacheng pipeline.  

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WTO talks on duty-free IT goods collapse

Talks on cutting trade tariffs on hundreds of information technology products collapsed on Friday, delaying and potentially scuppering a deal estimated to be worth $1 trillion to global trade. "We are disappointed not to be c

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US miner Freeport inks deal with Chinese smelters

US miner Freeport-McMoRan Copper & Gold has agreed to pay 16.3 per cent more in annual processing charges to large Chinese copper smelters in 2015, with the 10-year high fee likely to set the benchmark for China. The increase

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China's Hebei in key steel sector upgradation

Northern China's Hebei province, the country's dominant steel producing region, is set to move 16 million tonnes of output capacity to the coast in a step aimed at "upgrading" the sector. According to a document

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China's Hainan in talks to buy Thai rubber

China's Hainan Rubber Industry Group is in talks with the Thai government about buying a further 200,000 tonnes of rubber, a source with knowledge of the matter said on Tuesday, but no deal has been done yet. Thailand's de

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Heinz opens infant cereal plant in China

H J Heinz Company has opened its largest infant cereal production factory in Foshan City, Guangdong Province, China. The opening of the 80,000-sq-m factory coincides with the 30th anniversary of Heinz’s presence in China, wh

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Heinz opens infant cereal plant in China

H J Heinz Company has opened its largest infant cereal production factory in Foshan City, Guangdong Province, China. The opening of the 80,000-sq-m factory coincides with the 30th anniversary of Heinz’s presence in China, wh

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Boao Forum focus on currency, infrastructure

Currency and infrastructure were the two main topics that panellists and attendees chewed over during the Boao Forum, held recently in Dubai, UAE. Solving the issues around these central tenets was deemed imperative to both succes

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DP World, Qingdao ink key port agreement

Dubai-owned port operator DP World and China's Qingdao Port Group have signed a strategic framework agreement to enhance port co-operation. Under the framework agreement, both parties intend to study current liner services and

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Oil up first time in 8 weeks on China rate cut

Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an Opec output cut. Brent r

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