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HONG KONG - Hong Kong Customs announced Monday that it had destroyed a cross-boundary marked oil smuggling syndicate with assistance of the Chinese mainland. Hong Kong Customs mounted an operation codenamed "Bottsand" on May 3 and raided 19 sites in Hong Kong, including oil barges, offices and domestic premises. A total of 19 suspects, including 12 me...
BEIJING - China Nonferrous Metal Industry's Foreign Engineering and Construction Co (NFC) is planning more overseas mergers and acquisitions to expand its mineral wealth, a top company official said on Monday. NFC is also boosting its presence in mineral-rich nations like Canada and Australia through stake buys to have bigger bargaining power in ...
India's seafood exporters feel that the European Union, which was once touted the most lucrative export destination for Indian seafood exports, is slowly losing its sheen because of its stringent quality control norms coupled with the overall risk factors associated with exporting seafood to the EU, according to the Financial Express. Limited ability t...
BEIJING: Multinational firms are expected to increase procurement value by 30 percent in Shanghai this year, thanks to the recovering economy and their expansion plans in China, a United States-based business-to-business media firm said Tuesday. In 2010, multinationals, including Wal-Mart, Honeywell and Dell, will spend $50 billion on procurement in Sha...
China is to spend as much as 700 billion yuan ($102.52 billion) on high-speed rail construction this year, the Xinhua news agency reported, citing He Huawu, chief engineer of the Ministry of Railways. He expects 4,613 kilometers of high-speed rail line will be put into service this year. A total of 10,000 kilometers of line are already in cons...
TOULOUSE, France - Airbus SAS is emulating a marine predator to take a bite out of Boeing Co's home market. The world's largest planemaker will fit so-called sharklets to the wings of the A321 single-aisle jet to enhance its range. The eight-foot-high extensions are available from 2012 for 900,000 euros ($1.1 million) and promise to add 100 nautic...
BUSAN, South Korea - India's economy would be hurt should the sovereign debt crisis that originated in Greece spread in Europe, Finance Minister Pranab Mukherjee said. "If the whole of Europe is affected by the debt crisis it will be harmful to us," Mukherjee said in an interview in Busan, South Korea, where he is attending a meeting of Group of 20 fin...
China has extended its household electrical appliance trade-in subsidy program to Dec 31, 2011, chinanews.com.cn reported today. The program also will be enlarged to another 19 provinces and cities, according to a joint statement issued today by China's Ministry of Commerce, Ministry of Finance, and Ministry of Environmental Protection. The s...
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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