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Media
Singapore-listed information technology company Armarda is planning to acquire a Chinese company in the next few weeks, a local newspaper reported Thursday. The target company will help Armarda in the areas of information technology and communications, the company said in an announcement. It did not disclose the name of the target company. Negot...
A leading Chinese steel trading firm managed to get listed in Australian Securities Exchange (ASX) on Thursday, as the market opened the trading day at 11 a.m. of Sydney local time. Rongtai International Group Holdings Limited aimed to issue 15 million ordinary shares at an offer price of 0.20 Australian dollars (0.203 U.S. dollars), to raise a total of...
HONG KONG - PetroChina Co agreed to sell its stake in a gas pipeline operator to subsidiary Kunlun Energy Co for 18.9 billion yuan ($2.9 billion) to help make fuel distribution the main business of the Hong Kong-listed oil producer. Kunlun Energy will buy the 60 percent stake in PetroChina Beijing Natural Gas Pipeline Co, according to a statement to the...
The US-based retailer Wal-Mart Stores Inc and five other companies have agreed to invest more than $500 million in 360buy.com, China's biggest business-to-customer (B2C) website, the Chinese company said, The New York Times reported Monday. Richard Liu, 360buy.com's chairman and chief executive officer announced the investment announced the investment...
PARIS - French giant oil company Total, which plans to spend more next year to bolster its market share, is looking to China to improve businesses in Asia, a local daily reported on Tuesday. "We are willing to participate in the construction of a refinery in China. We seek to combine our expertise and know-how with skills of a company of an oil producin...
China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC). The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter mo...
Sweden's net trade surplus increased substantially in November compared with a year ago due to a boost in exports, the government said Wednesday. Exports amounted to 105.9 billion kronor (about 15.5 billion U.S. dollars) in November, a year-on-year rise of 23 percent, Statistics Sweden reported. Imports, meanwhile, amounted to 95.9 billion kronor (...
Chinese carmaker Jianghuai Automobile Co.,Ltd. (JAC) started shipping the first batch of 500 cars to Brazil on Tuesday. It signed a deal in August to export 620,000 ethanol-powered cars to Brazil in the next ten years. In a statement on Wednesday, the company said it will send the second and third batches, 1,500 and 2,500 cars respectively, in Janua...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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