News

WGC report predicts sustained strong gold demand in China over the next four years

15/04/2014 / China / Gold / news / report

A major report published today by the World Gold Council – entitled 'China's gold market: progress and prospects' – suggests that private sector demand for gold in China is set to increase from the current level of 1,132 tonnes(t)1 per year to at least 1,350t by 20172. Following the record level of Chinese demand in 2013, which saw the country become the world’s largest gold market, the report suggests that while 2014 is likely to see consolidation, the succeeding years are likely to see sustained growth.

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Samsung Engineering signs US$1.62bn Kuwait Clean Fuels Project contract

14/04/2014 / Clean Fuels Projecrt / Kuwait / Samsung / news

Samsung Engineering Co., Ltd, the first and largest engineering company in Korea, entered Kuwait with the KNPC Clean Fuels Project (CFP) worth US$3.8 billion and signed the contract at the official signing ceremony with Kuwait National Petroleum Company (KNPC). The signing ceremony was attended by Samsung Engineering’s CEO and President, Mr Park Choong-Heum, and Kuwait’s Minister of Oil, Mr Ali Saleh Al-Omair.

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Tasmanian farmed salmon achieves sustainability recognition

14/04/2014 / Australia / aquaculture / industry / news

Australia's largest farmed Atlantic salmon producer, Tassal Operations Pty Ltd (Tassal), has earned certification to the Aquaculture Stewardship Council (ASC) standard, the most rigorous environmental and social sustainability certification programme for farmed seafood products. SCS Global Services (SCS), a globally recognised certification body, certified one of Tassal's major salmon farming sites, Macquarie Harbour, to the ASC standard in early 2014.

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Skanska issues green corporate bond

14/04/2014 / Skanska / bond / green / news / sustainability

Skanska offers capital markets the opportunity to invest in Skanska’s green projects through its first green corporate bond. The invested capital will be exclusively allocated towards investments in green commercial property development.

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A new perspective needed on China’s outward investment in developed countries

14/04/2014 / China / investment / news / overseas

China’s market is notably one of the most dynamic in the world. With its considerable growth, focus has switched from China as an inward FDI destination, to a source of outward FDI (OFDI). Up until recently, investment from China has largely been focused in developing markets, but developed markets have increasingly more to gain from this relative newcomer. Since the Chinese government launched the 'go global' policy in 2001 to encourage Chinese companies to invest overseas, China has gone from being the world’s 32nd largest foreign investor, to the world’s 3rd largest, with US$84 billion invested in 2012. Whereas many other economies were crushed by the economic crisis, China has proved to be one of the rare winners.

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