Commodities prices are pushing higher once more Monday with a surge in Chinese import growth catching markets off-guard and demonstrating the country's still-voracious appetite for raw materials.The prices of key commodities, such as copper and oil, are firmer after China proved it retains the mantle of the world's largest consumer of commodities. China's December exports grew by 17.7% on the year while imports surged almost 56% on the year, both...more
Global miners have sidelined China, their biggest customer, in the annual iron ore price negotiations because of political gridlock over the resource in the industry and government and fears about retribution if the talks collapse.Vale of Brazil, Rio Tinto and BHP Billiton, the big operators that mine iron ore in Australia, are talking instead to Japanese customers to reach a benchmark agreement that they can present to Beijing on a "take it or...more
Copper prices ended up on Monday, buoyed by a weaker U.S. dollar and unexpectedly strong Chinese import data that pointed to a brighter outlook for metals demand in the new year. Benchmark copper for March delivery HGH0 on the New York Mercantile Exchange's COMEX division ended up 4.05 cents at $3.4410 per lb, after dealing in a session range from $3.4130 to $3.5040. On the London Metal Exchange (LME), benchmark copper for three-month delivery MCU3 ended at $7,567.50 a tonne from $7,465 at the close on Friday and compared with a session high at $7,705. "The numbers are pretty spectacular," said Alex Heath, head of base metals at RBC Capital Markets. "If China continues to buy at the rate it's doing, Europe and U.S. consumers will be paying more than they bargained for." Customs data showed inbound shipments of the red metal into China, the world's top consumer, rose by 27 percent to 369,368 tonnes in December, as government stockpiling continued and arbitrage opportunities reappeared between LME and Shanghai prices. In addition, China's overall exports surged 17.7 percent year-on-year in December versus a forecast of 4.0 percent. Offering extra support, the dollar fell broadly in...more
"I Want to Save as Much Room as Possible. Now Where Should I Put the TV?"It is important to understand that a bigger and more contemporary TV set will demand you more costs due to larger electricity consumption amounts, new furniture purchases, and maybe even special installation services. So, if you"re prepared and have already bought yourself a...more
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Business letter writing is an art. One does not need to graduate from a business school to write effective business letter. Letter writing like any other skill must be practiced in order to attain perfection. Basically, a business letter is not a causal letter and its main aim is to present the point very clearly and concisely. It does not have to be a small abstract; rather we should effectively connect with the reader through our letter. Certain precautions must be implemented while writing a business letter. The tone of the business letter has to be professional and it is advisable not to use any slangs or casual language.A business letter must essentially follow a fixed format. If we miss out any part in the format, the reader may lose interest in our letter and toss it away. Therefore, certain rules have to be followed when writing a business letter.Firstly, on the letter head of our business, we must give our contact details at the top of the page like the senders name, address, phone numbers and email address. Some people prefer to center align their letter head for a more distinguished look. Next is the recipient information that goes on the left hand side of the letter....more
Security concerns of small and large firms are growing rapidly in today's world. It is no longer possible to trust in the good nature of people and run a successful enterprise. The number of shop lifters on the loose can eat up all your profits. This...more
If you own a business, you know that theft occurs by your customers and employees. Employee theft exceeds $8.5 billion annually! 75% of inventory shortages are attributed to employee theft. (National Restaurant Association). It's been reported that...more
If you are considering installing a video surveillance system, or upgrading a system that uses VCR's, you need to consider what you will do with the video. If you want to record it, the current choices are a Personal Computer with an internal video...more
An online business is only successful if you have traffic coming into it. In fact, traffic generation could be the most important part of your online business promotion. Without traffic your business is dead in the water. So what are some free and...more
Many bulk email marketing legislations are enforced on marketers to follow within their marketing campaigns. They are developed to protect email users from unsolicited emails and malware. They are important and necessary to follow to market your...more
An online affiliate marketing business is one of the best ways to start earning an income on the internet. In addition to the low startup costs this particular business model allows online entrepreneurs to focus exclusively on learning how to...more