Vampire attack: Debt-laden companies imperil China’s growth

Edit Rocky Mount Telegram 29 Feb 2016
China isn’t just contending with falling stocks, a plunging currency and a slowing economy. It’s got vampire trouble, too ... GDP, McKinsey says ... Some loans financed factory construction in poor regions or development in areas with disadvantaged ethnic groups ... The government of Yunnan province intervened in November to avert a default after the state-owned Yunnan Coal Chemical Industry Group ran short of cash to pay bondholders....

WHO Experts Link Chemical In Rubber Products To Cancer

Edit Opposing Views 28 Feb 2016
The most important exposures are to workers in the chemical and rubber industries,” a WHO spokesman said ... “I doubt whether MBT is a health issue for the general population but workers manufacturing or using the chemical need to be protected,” Professor Tom Sorahan, who researched the effects of MBT on workers at a Welsh chemical factory, said....

Petrochemical sector leads Saudi stock market rise

Edit The National 28 Feb 2016
The Saudi index gained 1.2 per cent to 6,048 points in the first 45 minutes as Saudi Basic Industries and the petrochemical sector as a whole both surged 2.1 per cent. Alujain Corp, an industrial investment ......

MIDEAST STOCKS-Petchems lift Saudi, Global Telecom aids Egypt

Edit Reuters 28 Feb 2016
DUBAI, Feb 28 (Reuters) - Petrochemical stocks led Saudi Arabia's stock market higher in early trade on Sunday after oil prices rose sharply last week, while Egypt's bourse rose on the back of Global Telecom, a favourite of foreign investors. ....

Chinese executive involved in carrying out petrochemical project

Edit Irna 28 Feb 2016
Tehran, Feb 28, IRNA -- A company from China got involved in joint venture petrochemical project in Masjed Soleyman, southwestern Iran ... ....

500 firms to partake in Iranplast 2016

Edit Irna 28 Feb 2016
Tehran, Feb 27, IRNA – Some 500 companies from 25 countries have registered for the 10th Iranplast exhibition to be hosted by the National Petrochemical Company (NPC) on April 13-17, 2016 ... ....

CPC, Formosa stay prices of gasoline, raise diesel slightly

Edit Taipei Times 28 Feb 2016
Formosa Petrochemical Corp (台塑石化) on Saturday said it would retain its gasoline prices unchanged from a week earlier and raise its diesel prices by NT$0.1 per liter, effective today. ....

Debt-laden companies imperil China's growth

Edit Seattle Post-Intelligence 28 Feb 2016
[...] local governments piled up debt to finance the construction of low-income apartments, roads and other projects meant to juice growth. Some loans financed factory construction in poor regions or development in areas with disadvantaged ethnic groups ... The government of Yunnan province intervened in November to avert a default after the state-owned Yunnan Coal Chemical Industry Group ran short of cash to pay bondholders....

Govt to mobilise Rs 10 lakh cr investment under Sagarmala

Edit The Times of India 28 Feb 2016
"Sagarmala NPP (national perspective plan) envisages viable infrastructure investment worth Rs 4 lakh crore and industrial investment worth 6 lakh crore," Road Transport, Highways and Shipping Minister Nitin Gadkari said ... "Sagarmala could mobilise investment of Rs 4 lakh crore in Indian infrastructure sector over next 10 years," the plan says adding, more investment could come from industrial and manufacturing sectors....

Saudi Stocks Lead Gulf Advance as China Flags Scope for Stimulus

Edit Bloomberg 28 Feb 2016
Saudi Arabian stocks led a rally across most equities in the six-nation Gulf Cooperation Council after China’s central bank governor highlighted scope for further policy stimulus in the world’s biggest commodities user ... in Riyadh, the highest level since Jan ... Stocks in Saudi Arabia, whose biggest trading partner is China, were led by Saudi Basic Industries Corp., one of the world’s biggest petrochemicals manufacturers by sales ... ....

Iran’s first container ship heads to Europe

Edit Press TV 28 Feb 2016
An Iranian container ship is heading to Europe for the first time in five years, marking Tehran's return to international markets after the lifting of sanctions, an official says. . Chairman of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeidi said he expects the ship, carrying a cargo of petrochemical products, to call at European ports in the “next few days.” ...   ...   ... ....

Government to mobilise Rs 10 lakh crore investment under Sagarmala

Edit Indian Express 28 Feb 2016
“Sagarmala NPP (national perspective plan) envisages viable infrastructure investment worth Rs 4 lakh crore and industrial investment worth 6 lakh crore,” Road Transport, Highways and Shipping Minister Nitin Gadkari said ... Stressing the need for port-led development, the plan mentions, “Many countries with long coastlines have leveraged ports for supporting industrial growth....

President Jokowi urged to immediately decide on Masela gas project

Edit Antara News 28 Feb 2016
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry urged President Joko Widodo (Jokowi) to immediately decide on the Masela gas block project ... The impact would bad on investment and industry if the negotiations ended in failure," he said ... Rizal spoke of the possibility of integration of the plant with petrochemical industry if the plant could be built on the Aru island....
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