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China has welcomed the final ruling by the U.S. Court of International Trade (CIT) directing the U.S. Department of Commerce (DOC) to scrap its imposition of countervailing duties (CVD) on tires from a Chinese manufacturer, China's Ministry of Commerce (MOC) said Monday. The U.S. court ruling on Oct. 1, together with its two previous rulings, showed th...
The central parity rate of the yuan, China's currency Renminbi (RMB), dropped 43 basis points Tuesday to 6.6775 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PB...
WASHINGTON - Clean energy cooperation with China will not result in job losses in the United States, as there is sufficient proof to indicate that around 73 percent of direct jobs created through the development of the energy sector stay on US soil, according to a report released on Oct 6 by the international advisory firm Garten Rothkopf. The partnersh...
NEW YORK - Global pharmaceutical sales may rise 5 to 7 percent next year to $880 billion on soaring demand in developing nations led by China as it becomes the world's third-largest drug market, according to IMS Health Inc. The 2011 projection compares with this year's 4 to 5 percent growth in drug sales to $840 billion, the research company based in ...
BEIJING - The yuan on Friday climbed to the highest level since 1993 amid growing foreign demand for a faster currency appreciation. However, a senior Chinese official warned that if the yuan appreciates too fast, it could harm the world's economy, as well as China's. The yuan was traded at 6.6830 against the greenback on Friday, advancing 2...
Chicago corn, wheat and soybeans all surged to their limit-ups on Friday as U.S. cut its crop-supply forecasts and the dollar further slumped on worse-than- expected unemployment number. The most active corn contract for December delivery hiked 30 cents, or 0.6 percent, to 5.2815 U.S. dollars per bushel. December wheat soared 60 cents, or 0.9 percent, t...
The French trade deficit widened to 4.93 billion euros (6.88 billion U.S. dollars) in August 2010 on imports growth from 4.42 billion euros (6.18 billion dollars) a month earlier, official figures showed on Thursday. For the past 12 months, the cumulated trade deficit already climbed to 48.6 billion euros (68 billion dollars) in total, according to data...
The European Union (EU) and South Korea signed a free trade agreement Wednesday during the fifth summit meeting between the two sides. The pact will come into force in July 2011, according to a deal reached earlier between the EU member states and South Korea. "The agreement requires the two parties to eliminate 98.7 percent of duties in trade value...
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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