TSX falls with commodities but Wall Street recoups losses on solid jobs

TORONTO — Declining commodity prices pushed the Toronto stock market to a lower close, even as solid U.S. jobs data boosted stocks south of the border.The Toronto Stock Exchange’s S&P/TSX composite index lost 53.92 points to 13,440.44.The commodity-sensitive Canadian dollar also fell, down 0.16 of a U.S. cent at 76.84 cents US.In New York, the Dow Jones industrial average was up 107.66 points at 17,792.75, while the broader S&P 500 added 13.04 points to 2,072.78 and the Nasdaq composite rose 44.69 points to 4,914.54.In commodities, the May contract for benchmark North American crude fell $1.55 to US$36.79 a barrel, while May natural gas was unchanged at US$1.96 per mmBtu.June gold fell $12.10 to US$1,223.50 a troy ounce, while May copper shed two cents to US$2.16 a pound. read more

SAE 2017 International Powertrains Fuels Lubricants meeting concludes in Beijing

first_imgFrom October 16 to 19, the China National Convention Center was host to the SAE 2017 International Powertrains, Fuels & Lubricants Meeting (PF&L) attended by 642 attendees from over 20 countries. The annual PF&L has become one of the most renowned global technical conventions on powertrains, fuels and lubricants since it began in 1933. The event had energetic support from Prof. Shijin Shuai (pictured), State Key Laboratory of Automotive Safety and Energy, Tsinghua University, Prof. Hongming Xu, Birmingham University, Thomas Wallner, Argonne National Laboratory, Prof. Bengt Johansson, King Abdullah University of Science & Technology, who were chairs of this meeting, as well as more than 10 industrial experts.Dr. Jun LI, Academician of CAE and Vice Chief Engineer of FAW, Dr. Steve Bryce, VP of Shell Technology Centre Hamburg, Dr. Wayne Eckerle, VP of Cummins, Ahmad Al Khowaiter, CTO of Saudi Aramco, and Neville Jackson, Chief Technology & Innovation Officer of Ricardo respectively presented keynote speeches entitled Technology Development Analysis on Low Carbon for Power of Heavy Duty Commercial Vehicle in China, Powering Progress Together – Innovation through Collaboration, Future Cummins Powertrains and Implications for Future Fuels and Lubricants Systems, Overview of Global Transportation Fuel Supply, Trend of Future Automotive Engine Technology.Two special sessions to discuss issues related to “Meeting China 6 Light-Duty PN Regulation” and “Clean Fuels for Future High Efficiency Engines Symposium,” where experts from China MEP, European Commission, petrochemical & materials leaders including Kunlun Lubricant, Sinopec, Saudi Aramco, Shell, Afton, Lubrizol, Chevron, Corning and BASF, as well as leading experts from automotive industry and colleges delivered speeches on regulations and policies, powertrain technological path, clean fuels, advanced engine technologies etc. 245 papers were published.The 2018 PF&L will be held in Heidelberg, Germany from September 17 to 19. The deadline for submitting paper offers is February 12, 2018.SAE International is a global association committed to being the ultimate knowledge source for the engineering profession. By uniting over 127,000 engineers and technical experts, it drives knowledge and expertise across a broad spectrum of industries. It acts on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering.last_img read more