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BEIJING - The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday. The decision was made in view of the recent economic situation and financial market developments at home and abro...
U.S. steel exports declined 2.1 percent in April from March, but were 58.3 percent higher in the first four months of 2010 compared to the same period last year, the American Institute for International Steel said Friday. "U.S. exports of steel to the NAFTA region declined month on month by 10 percent, while exports to non-NAFTA Western Hemisphere incre...
BEIJING: China has started reviewing the anti-dumping measures it imposed in 2005 on hydrazine hydrate imports from Japan, Korea, the United States and France, the Ministry of Commerce (MOC) said Thursday. The MOC will examine the possibility of continuing the measures if the dumping has not ended, the MOC said in a statement on its website. China's hy...
CANBERRA - Asia's economy, including Australia and New Zealand, will be about 50 percent larger in five years, accounting for more than a third of world output, Australian Associated Press (AAP) quoted IMF as saying on Wednesday. The Finance & Development Magazine of the International Monetary Fund (IMF) for June released in Washington on Tuesday als...
SINGAPORE - ZTE Corporation (ZTE), a China- based leading global provider of telecommunications equipment and network solutions, announced here on Wednesday that it has made progress in collaborating with Telekom Malaysia to participate as one of the major suppliers to construct a national high speed broadband (HSBB) network in Malaysia. The HSBB network ...
BEIJING - Switzerland-based building supply manufacturer, AFG Arbonia-Forster-Holding AG, will open production facilities in Changshu, Jiangsu province, later this month. Establishment of the new production plant aims to expand business development in the region, after the company set up its Asia-Pacific headquarters in Shanghai early last year. "The As...
BEIJING - US power producer AES Corp (AES) has agreed to pay 333.2 million yuan ($48.8 million) to buy a stake in a Chinese hydropower company to expand its portfolio in the world's fastest growing energy market. AES said on Tuesday that its wholly owned subsidiary, AES China Hydropower Investment Co Pte Ltd, has entered into an agreement to acquire a 49...
BEIJING - China Minmetals Group, the nation's largest metals trader, is planning more overseas mergers and acquisitions (M&A) in ferrous metals this year to bolster its raw material supplies. The company is looking for overseas mining assets in iron ore, chromium, manganese and coal, mainly in Australia, Canada, the Middle East and South Africa, said...
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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