Energy Update
SINGAPORE, Aug 24 - Commodities markets hit fresh lows in early Asian trading on Monday as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.
The Indian, Japanese and Chinese investors are reportedly looking to finance the development of petrochemical projects in Iran’s Chabahar Petrochemical hub in Sistan Balouchestan province.
US-based chemical company Lubrizol has signed an agreement with South Korean petrochemical company Daelim Industrial to use its polyisobutylenes (PIBs) production technology.
SYDNEY, Aug 24 (Reuters) - Australian shares are set to drop on Monday, following a selloff in global equity markets on fears of a sharp economic slow down in China. Local share price index futures slipped 2.1 percent to 5,058, a 156.6-point discount to the close of the underlying S&P/ASX200 index on Friday. The benchmark skidded to an eight-month low in the last session to end the week 3-percent lower.
TORONTO/VANCOUVER/SYDNEY, Aug 23 (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.
KHARTOUM, Aug 23 (Reuters) - Sudan appointed a new defence minister on Sunday, the state news agency and a presidential source said, three days after President Omar Hassan al-Bashir proposed a two-month ceasefire with rebels fighting to overthrow his government.
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