China's oil companies are preparing for Mideast uncertainty

Note: This section contains information in English only.
Source: China.org.cn
The largest oil companies in China are looking for ways to limit the effect of geopolitical tensions in Iran and North Africa. Companies are planning to relocate equipment assembling and set up new logistic hubs in the United Arabic Emirates. At the same time, it seems reasonable to diversify investments in other regions like America as well, added Andrew George from Marsh's Energy Practice.
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Tue, 21 Feb 2012 09:09:38 GMT

World's aluminium output declined in January

World's aluminium production fell by 49,000 metric tons attaining 2,140,000 tons last month, reported the International Aluminium Institute. The main falls were in North America, Western Europe and Africa, the IAI added. However, on a yearly basis the production increased by 3,000.

Tue, 21 Feb 2012 08:47:14 GMT

Sweden and Norway currencies overvalued amid debt crisis

Swedish Krona and Norwegian Krone are the most overpriced in 40 years as investors perceive currencies as safe haven assets amid European debt crisis. According to OECD indicator, measuring relative costs of services and goods, Swedish Krona is 25% overvalued and Norwegian Krone is nearly 40% too expensive. Overvalued currencies are putting negative pressure on countries' growth.

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