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The Chinese IT spending is anticipated to reach US$ 216.7 Billion in 2010, representing significant growth opportunities for technology and service providers. According to Gartner, IT spending by enterprises and consumers in China is projected to reach the figure of US$ 216.7 Billion in 2010, exhibiting good opportunities for technology and service providers. This represents an increase of 5.9% from US$ 205 Billion in 2009, as reported by   ... Read more
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Oil Reserves in Venezuela Rise to 87.6 Billion Barrels
10 May, 2007
Venezuela's proven reserves have touched 87.62 billion barrels & if things go as expected, Venezuela will become the nation with world's largest reserves of oil, by 2008. Venezuela's oil ministry has said that the oil reserves in the country have increased by 7.6 billion barrels in 2006, to ...Read more

Newcastle Asks Australian Govt. to Cap Coal Exports
10 May, 2007
Newcastle City Council is urging the NSW govt. to limit coal exports from city's port to fight climatic changes . Newcastle City Council is urging NSW (New South Wales) govt. to cap exports of coal, at present levels, from largest coal port in the world to fight climatic changes. Labor & Green ...Read more

Trust Taxing Could Spark Canadian Energy Takeovers
10 May, 2007
Trust tax imposed in Canada may fuel foreign takeovers in energy sector, warn industry experts. Govt. of Canada's plan to impose taxes on income trusts to curb declines in govt. revenues may fuel takeovers in Canada Energy sector by overseas buyers looking for cheap assets. Billions of dollars ...Read more

Canada Wind Energy Market Growing despite Lack of Federal Support
10 May, 2007
With 534 MW capacity of wind energy added till now in this year, wind energy market in Canada has broken last year's record capacity of 240 MW. Wind energy market in Canada added 534 MW (megawatts) of fresh production capacity this year, breaking the 240 MW record established last year, as per ...Read more

Coal-dependent Industries Hit by Poor South African Railway System
10 May, 2007
Industries in Western Cape, South Africa are struggling to get adequate coal supplies due to poor transportation facilities. Several industries in Western Cape region of South Africa are struggling due to poor transportation facilities thus restricting coal supplies, according to Cape Town ...Read more

High Corn Prices Raise Concerns for Biofuel Makers
10 May, 2007
Higher prices of corn are natural during harvesting periods but strong demand of corn supplies from ethanol manufacturers have contributed to a considerable rise in prices. Higher prices of corn are natural during harvesting periods but strong demand of corn supplies from ethanol manufacturers ...Read more

100 Million Euro Fund to Boost Renewable Energy & Energy Efficiency
10 May, 2007
European Commission has proposed to create Global Energy Efficiency & Renewable Energy Fund (GEEREF) aiming to speed up the transfer, development & deployment of environment-friendly technologies in poor countries. The European Commission has presented proposals for a 100 million Euro ...Read more

Coal May Become South Africa's Biggest Export
10 May, 2007
Following Impressive export revenues from South Africa's Richards Bay Coal Terminal, experts are expecting coal to become nation's biggest export. Second largest coal exporting port in the world, South African coal terminal Richards Bay shipped this year's highest monthly coal volume in September, ...Read more

Analysts Lift Future Oil Forecasts
10 May, 2007
As oil prices declined to reach a new low in six months, analysts have rated this decline a result of short-term issues and, therefore, predict higher prices in coming weeks. Oil Analysts have predicted a price hike in near future expecting a rise in demands that might outpace the growth of new ...Read more

Algerian Oil Revenues Continue Their Upward Trend
10 May, 2007
Algerian oil revenues witnessed a significant growth in October and as per ministry, will touch US$ 54 Billion mark by the end of 2006, boosted by strong demand from China & price stabilization. Algeria's oil exports grew from US$ 40 Billion in September 2006 to US$ 45 Billion by October 2006, ...Read more

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