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Lower imports helped the eurozone to a sharp increase in its trade surplus in July over the previous month, European Union statistical bureau Eurostat said Thursday. According to Eurostat's first estimate, the 16-nation bloc had a trade surplus of 6.7 billion euros (about 8.7 billion U.S. dollars) in July, compared with a surplus of 2.2 billion euros (...
China is expressing its concern about the European Union's investigations into Chinese-made wireless wide area networking (WWAN) modems, said a spokesman for the Ministry of Commerce (MOC) on Thursday. Yao Jian, the spokesman, made the remarks after the EU said it was conducting an anti-subsidy investigation into the devices. The EU launched invest...
The central parity rate of the yuan, China's currency Renminbi (RMB), gained to a fresh high Thursday at 6.7181 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. The yuan's central parity gained 69 basis points, or 0.1 percent, to 6.7181 per U.S. dollar Thursday, beating the previous record of Wednesday's 6...
Turkey, Azerbaijan and Turkmenistan vowed here Wednesday that the three countries would strengthen energy cooperation. "We have developed projects of Baku-Tbilisi-Ceyhan crude oil pipeline, Baku-Tbilisi-Erzurum natural gas pipeline and natural gas pipeline crossing over the Caspian Sea," Turkish Minister of Energy and Natural Resources Taner Yildiz said...
BEIJING - China's recent moves to meet environmental targets will trim the country's coal consumption, resulting in short-term price reductions, said industry analysts. Coal prices at Qinhuangdao port, a domestic benchmark, shed 5 yuan ($74 cents) per ton this week, following downward momentum in recent weeks, while stockpiles rose 6.18 percent to 7.7...
The United States had filed two cases against China at the World Trade Organization (WTO), the U.S. trade representative Ron Kirk announced on Wednesday. One case requests dispute settlement consultations, the first step in litigation, regarding China's imposition of anti-dumping duties and countervailing duties on imports of grain oriented flat- rolle...
China resolutely opposes the U.S. Commerce Department's decision to impose anti-dumping and countervailing duties on Chinese steel products, said Yao Jian, spokesman with the Ministry of Commerce, on Wednesday. Yao said the U.S. side disregarded the fact that China is a developing country and had hurt the interests of Chinese industries by applying the...
China's Anshan Iron and Steel Group Corp. (Ansteel) and Mississippi-based Steel Development Co. Wednesday clinched a deal in Beijing to establish a joint venture in the United States. U.S. lawmakers had attempted to block the deal marking China's first investment in America's steel production industry. Fifty-two U.S. congressmen wrote a letter to...
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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