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Tension is rising in the apparel industry, as retailers push garment makers for faster turnaround on smaller orders ahead of the key Christmas holiday season, reported The Wall Street Journal. The old model—where retailers placed orders six to nine months in advance and suppliers ramped up factories to produce high volumes cheaply—has been t...
THE US Commerce Department has reported that retail sales declined in from May to June, excluding automotive, by 0.6 per cent from May, but sales rose five per cent compared to June 2009. "Persistent high unemployment continues to be a drag on retail sales and the economy as fewer people have money to spend," said the American Shipper. This comes af...
BEIJING - China will continue to seek balance instead of surplus in trade and it will oppose any form of protectionism along with Germany, Chinese Premier Wen Jiabao said on Friday. These efforts should be praised and not criticized, particularly when compared with any major country that claims to double its exports to alleviate unemployment pressure, W...
BEIJING - Chinese Premier Wen Jiabao said here Friday that the slowdown of China's economy in the second quarter was due to the government's "active regulation and control." [Special: June release of major economic data] He made the remarks when meeting with the press along with visiting German Chancellor Angela Merkel after their talks. Chi...
Indonesia's Industry Minister M.S. Hidayat said that state energy firm PT Pertamina and Kuwait Petroleum Corp. will invest as much as 9 billion U.S. dollars in a joint-venture oil refinery located in Balongan, West Java, with a capacity of 300,000 barrels a day, local media reported here on Friday. The move would help cut fuel shipments into Asia's bi...
South Korea has become the third largest importer of U.S. beef, after Mexico and Canada, on the back of a 66 percent surge in imports in the first five months of 2010 from a year earlier, the Ministry of Foreign Affairs said on Friday. South Korea imported a total of 37,117 tons of U.S. beef worth 163 million U.S. dollars in the January-May period, the ...
BEIJING: Energy consumption growth in the second half of the year is likely to slow down as the government is planning tough measures against energy-intensive industries, sources said on Wednesday. Xie Zhenhua, vice-chairman of the National Development and Reform Commission (NDRC), said in an interview with People's Daily in June that the government is...
FREETOWN, Sierra Leone - Sierra Leone Mineral Resources Minister Alpha Kanu on Friday welcomed a $1.5-billion investment in a major iron ore mine in the country, saying that it will boost the local economy and create thousands of jobs. The Shandong Iron and Steel Group Co, Ltd of China has signed a binding Memorandum of Understanding with the London-lis...
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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