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Day: December 25, 2010

Itochu To Spend Y11.6bn On Australian Coal Mining

Itochu Corp. (8001) said Thursday it will spend 140 million Australian dollars (11.6 billion yen) to develop coal mining in Australia. The trading house will start building facilities early next year at the Ravensworth North...

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China and oil collude to deter crop sell-off

Just as it seemed investors were willing to take a few profits on crops, along came two reasons to persuade them to hang on. The first was oil, which crossed $90 a barrel in New York to set a 26-month high, amid continued cold...

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Strong port volume raises hopes for ’11

As 2010 draws to a close and high joblessness continues plaguing local communities, surging freight volumes through San Pedro Bay offer hope for a more economically prosperous 2011. With December totals not yet tallied,...

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