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GUANGDONG's trade value from January to April amounted to US$210 billion, up 32.4 per cent year on year, slower compared to the national growth of 42.7 per cent, taking up one fourth of the national trade value total, Logistics Week reported. Value of Guangdong's trade with Hong Kong, European Union, US, ASEAN, Japan and Taiwan all recorded double dig...
Explosive economic growth in China and massive government investment in its transportation systems will generate thousands of airplane orders for Boeing, but also may expose the company to new competition and an overheated economy, Reuters reported. These are risks that Boeing, the world's second-largest plane-maker, is willing to take as other nations...
The European Union (EU) is the most important market for Chinese exports, however, even if exports to EU plunge by 20 percent, it will affect China's GDP by only one percent, according to Credit Suisse, ET Net News reported. The house said Chinese exports to the EU are having a much higher correlation with EU's GDP than the EUR/RMB exchange rate. ...
Australia’s central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20. Governor Glenn Stevens and his policy-setting board kept the overnight cash rate target at 4.5 percent, the Reserve Bank of Australia ...
Two women gaze through the eye slits of their black niqabs at the window of Dubai’s latest jewelry store. The glass cases, lit by crystal chandeliers, show gems that include a 52-carat diamond priced at $25 million. The name of the store’s owner appears only on catalogues and gift bags: Israeli billionaire diamond investor Lev Leviev, who has ...
Metcash Ltd., Australia’s biggest grocery wholesaler, said annual profit rose 12 percent because of higher sales to its independent customers. Net income rose to A$227.6 million ($192 million), or 29.7 cents a share, in the 12 months ended April from A$202.5 million, or 26.5 cents, a year earlier, Sydney-based Metcash said in a statement today. Earn...
Honda Motor Co.’s car production in China will remain halted at least until tomorrow as some striking workers at a parts plant in the country rejected a proposed pay increase. Honda, Japan’s second-largest automaker, is still negotiating with employees and a return to full production will depend on those talks, said Akemi Ando, a spokeswoman f...
South Korean exports in May grew stronger than expected and posted a record average daily value, government data showed on Tuesday, reinforcing hopes for a recovery in Asia's fourth-largest economy and global trade. The country's overseas sales could moderate in the coming months as the euro zone's fiscal crisis impacts the global economic recovery, al...
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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