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Authorities move to boost sector with latest guidelines on M&A BEIJING - Chinese authorities are pushing ahead with reforms for the country's automobile industry to leverage its increasingly important position in the global market. In September, the State Council issued guidelines on promoting the merger and acquisitions (M&A) for six pillar in...
China backs outbound investment, but questions why obstacles remain BEIJING - China is encouraging investment into the United States, but is also urging the world's largest economy to improve its investment environment and reduce barriers. China has so far invested "more than $900 million" in the US non-financial sector, and is encouraging and assistin...
A 3 to 5 percent tax on sales of coal is likely to replace the current tax on output as China expands its resource tax reform program, the Economic Information, a daily run by the official Xinhua News Agency, reported Monday, citing unnamed sources. Experts interviewed by the newspaper said it is a trend for the government to include coal in the new resou...
China will reduce the number of its centrally-administered State-owned Enterprises (SOEs) from 123 at the end of September to between 80 and 100 by the end of this year and to 30-50 during the 12th Five-Year Plan (2011-15) period, ce.cn reported on Monday. Remaining central SOEs must have their own intellectual property, represent world-famous brands and ...
Industrial & Commercial Bank of China, the world's biggest lender by market value, paid $1 for a small US brokerage firm, the Wall Street Journal reported on Monday, citing people familiar with the matter. Beijing-based ICBC is buying the Prime Dealer Services unit of Fortis Securities from BNP Paribas SA, allowing France's biggest-listed bank to di...
BEIJING - China's stocks rose more than 2 percent Monday buoyed by solid manufacturing data. The benchmark Shanghai Composite Index was up 2.52 percent, or 75.19 points, to close at 3,054.02. The Shenzhen Component Index rose 2.82 percent, or 376.53 points, to finish at 13,743.77. Combined turnover rose to 450.3 billion yuan ($65 billion) from 355.5 ...
NEW YORK - Le Gaga Holdings Ltd, the Hong Kong-based greenhouse vegetable producer, raised $103 million in an initial public offering (IPO) at the end of last month, as Asian companies led the busiest month for US IPOs in almost three years. Stocks in the seller of produce to supermarkets in Hong Kong and mainland jumped 19 percent on Friday after pricing...
China's stocks in the agricultural sector maintained growth on the back of soaring agricultural product prices, displaying an immunity to the fall in the stock market after the government resolved to curb inflation. The Shanghai Composite Index retreated for a fourth day and declined 13.74, or 0.5 percent, to 2,978.84 at the close on Friday. The losses p...
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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