Chemistry Board

  • Royal Dutch Shell plans to spend at least $1 billion a year exploiting China's potentially vast resources of shale gas, as part of an aggressive strategy to expand in the world's biggest energy market.

  • The UK government borrowed more than expected in July, traditionally a good month for tax receipts. Net borrowing was £600m in July, an increase of £3.4bn on the same month in 2011 when it repaid £2.8bn.

  • General Motors' German unit Opel wants to shorten workers' hours at its main plant in Ruesselsheim in response to weakening demand for cars in Europe.

  • German carmaker Daimler plans to expand its export plant in Hungary to double annual production to 300,000 vehicles by 2015.

  • Rio Tinto Profit Falls

    Rio Tinto have said that commodity markets are likely to remain volatile in the near term after reporting a 22% drop in first-half earnings, but the company stuck by its US$16 billion spending program for this year even as rival miners cut or postponed investments.

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