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South Korea and the United States are not currently engaged in talks over U.S. beef imports through a separate channel other than their two-way free trade deal, an official in Seoul said Thursday. Washington has urged Seoul to further open up the market and allow U.S. beef produced from cattle older than 30 months old into the country -- something South...
Three foreign retail giant firms, U.S. Wal-Mart, France's Casino Guichard-Perrachon and South Korea' s Lotte Mart, are tightly competing to acquire Indonesia's retail chain Hypermart, owned by Indonesian prominent retailer PT Matahari Putra Prima (MPP), local media reported here on Thursday. A source who asked anonymity that knows the takeover plan s...
Brazilian Finance Minister Guido Mantega said Wednesday that no further measures were necessary to halt the fall of the U.S. dollar against the Brazilian real. Mantega said the value of the Brazilian real is now at a reasonable level, with the exchange rate closing at 1.726 reais against the dollar on Wednesday, accumulating a rise of 1.35 percent in No...
The shortage of iron ore supplies in China is expected to ease gradually with more domestic mineral discoveries and overseas mining acquisitions, said an industry leader in Tianjin Wednesday. China's iron ore output was expected to exceed 1.3 billion tonnes within three to five years, said Zhou Zhongshu, president of China Minmetals Corp., at the ongoi...
The Brazilian economy slowed down in the third quarter of 2010, the country's Central Bank said Wednesday. The Central Bank's Economic Activity Indicator registered an average 139.51 points in the third quarter, up 0.35 percent from the previous quarter and 6.79 percent year on year. The pace of growth was slowing down as the growth of the indicat...
The central parity rate of renminbi, or China's currency yuan, advanced to 6.6455 per U.S. dollar Thursday from Wednesday's 6.6490, 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 of 0.5 percent each way of the central p...
China on Wednesday vowed to build a better environment for foreign investors. Chinese Vice Premier Wang Qishan made the pledge in a meeting with Robson Walton, chairman of the world's largest retailer, Wal-Mart, in Beijing. "The Chinese government will unswervingly advance the reform and opening-up and make efforts to create a better investment env...
Foreign companies are working in 42 gas exploration blocks in Myanmar's oil and gas fields under respective contracts, the Biweekly Eleven News reported Thursday. The 42 blocks include 12 in the inland and 30 in the offshore areas. The 30 offshore blocks further include 10 deep-sea blocks. There are 31 inland and 5 offshore oil and gas fields in My...
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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