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THE US Export-Import Bank and the Vietnamese government have agreed to US$500 million financing to boost sales of US equipment and services to Vietnam for high-priority infrastructure projects. "This agreement is a continuation of the increasingly close ties that have been established between our countries starting in 1995," Ex-Im Bank chairman and pres...
SINGAPORE's external trade of non-oil domestic exports (NODX) dropped slightly month to month by 0.1 per cent in May, but grew 24 per cent year on year, yet narrowed on April's 30 per cent year on year increase. The city state's top 10 NODX markets were noticeably up year on year with China, Hong and Japan leading by increases of 64 per cent, 51 per ...
ST. PETERSBURG, Russia - Deals valued at more than $6 billion were signed during the International Economic Forum in St. Petersburg, President Dmitry Medvedev said on Saturday. "We should be satisfied with the work of the forum that had 4,000 participants, including 700 companies from more than 100 countries," the RIA Novosti news agency quoted Medvedev...
SHANGHAI - Airline shares surged on the Shanghai Stock Exchange on Monday, on anticipation that their US-dollar-denominated overseas debts would shrink considerably after the central bank signaled an end to the currency's peg to the dollar The People's Bank of China indicated during the weekend it was going to slacken a 23-month peg against the dollar...
Aquila Resources Ltd, a partner with Vale SA in Australia, made an initial agreement with China Development Bank Corp to develop its iron ore and steelmaking coal projects. "China Development Bank will actively support Aquila both in Australia and China, in the investment in and financing of Aquila's various projects," the Perth-based company said in a...
BEIJING - China's banking regulators Monday ordered financial institutions to stop extending new loans to projects already under construction that run foul of the country's policies of eliminating outdated capacities or saving energy and cutting emissions. The China Banking Regulatory Commission (CBRC) announced the orders at a press conference, where...
BEIJING - China's move to proceed with the reform of the Renminbi exchange rate will help increase the competitiveness of the country's exports on the global market, Yao Jian, spokesman of the Ministry of Commerce, told Xinhua Monday. Yao said the reform might increase pressure on China's export businesses in the short term, as they were likely...
BEIJING - China's tougher measures to crack down on illegal mining of rare earth may not have instant results, given the scattered distribution of the minerals across the south and resistance from local interest groups, industry experts said. But the situation will gradually ease when industry integration, driven by the central government, helps to sta...
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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