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EBay on Wednesday announced that it has bought Critical Path Software, a mobile application developer, in the latest move to strengthen its position in the rapidly growing field of mobile commerce. Critical Path, based in Portland, the U.S. state of Oregon, was one of the first developers to create mobile applications for iPhone and smartphones running ...
China's overseas direct investment (ODI) in non-financial sectors in 122 countries and regions reached 47.56 billion U.S. dollars in the first 11 months of this year, the Ministry of Commerce (MOC) announced Wednesday. The investment covered 2,786 overseas enterprises for the period, said ministry spokesman Yao Jian at a press conference held in Beijin...
The value of yuan weakened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6566 per U.S. dollar Wednesday, compared with Tuesday's 6.6531, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit o...
Starting from Jan. 1, Russia would raise its oil export duties by 4.5 percent, from the current 303.8 U.S. dollars per ton to 317.5 dollars per ton, said an official from Russian Finance Ministry Wednesday. Alexander Sakovich told reporters that the average price for Russian oil between Nov. 15 and Dec. 14 had been 85.7757 dollars per barrel. Duties...
South Korea's trade surplus made a sharp drop from the previous month in November mainly due to rising raw material prices, the nation's customs office said Wednesday. According to the Korea Customs Service (KCS), the nation's trade surplus posted 2.67 billion U.S. dollars in November, sharply declining from a 6.41 billion U.S. dollar surplus a month...
A Chinese expo -- China Industry Expo (Myanmar) -- was inaugurated at the Tatmadaw Hall in Myanmar' s former capital of Yangon Wednesday to promote Chinese brands in the Myanmar market and bilateral economic and trade cooperation. Major-General Tin Ngwe from the Ministry of Defense of Myanmar, Yangon Commander and Chairman of the Yangon Region Peace an...
The Ethiopian Airports Enterprise (EAE) has hired China Road and Bridge Corporation (CRBC) Addis Engineering to expand the Addis Ababa Bole International Airport. Both companies on Tuesday signed a construction agreement valued at 1.1 billion Birr (about 66.7 million U.S. dollars) to expand the airport's aircraft parking area and taxiway and restore th...
Foreign direct investment (FDI) into China rose for the 16th consecutive month to hit 9.704 billion U.S. dollars in November, indicating that China remains a favored investment destination. Inbound FDI increased 38.17 percent year on year in November, the Ministry of Commerce (MOC) said Wednesday. The November figure brings inbound FDI for the first...
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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