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BEIJING - The China-Africa Development Fund (CAD Fund), China's largest private equity (PE) fund focused on African investments, has kicked off its second-phase of fund raising to raise $2 billion over three years, a top fund official said on Thursday. "The capital-raising plan will be open to qualified entities that have interest in making investments i...
BRUSSELS - Former Bundesbank President Helmut Schlesinger said the euro's slide hasn't left it at an unnaturally low level and the breakup of Europe's 16-nation currency union is out of the question. "The euro isn't in danger," said Schlesinger, who ran the German central bank from 1991 to 1993. While the pace of the currency's decline "did give caus...
LONDON - Chocolate lovers may have something rare to sink their teeth into with the issue of the United Kingdom's first ever "chocolate" bond, where investors can make significant returns in the form of chocolate rather than cash. UK-based confectioner Hotel Chocolat hopes to raise 5 million pounds ($7.2 million) by enticing some of its 100,000 Chocolate...
SINGAPORE - PSA Peugeot Citroen and Volkswagen AG's joint ventures in China will benefit as a weaker euro reduces the cost of components imported from Europe, Nomura Holdings Inc analysts said. Dongfeng PSA, a partnership between France's Peugeot and Hubei-based Dongfeng Motor Group Co, will be the biggest beneficiary, Hou Yankun, an analyst at Nomura, ...
BEIJING - Chinese steel producers are worried over a possible export rebate cut by the Chinese authorities amid growing export risks imposed by trade remedy measures from the United States and the European Union. Wu Genping, the official of the General Administration of Customs, said the world's largest steel producer is pondering plans to cut export reb...
CHICAGO: China will continue to be both major market and partner to the United States, supporting thousands of US jobs and contributing significantly to the US balance of trade, said CEO of a Fortune 100 company in Chicago on Wednesday. James McNerney Jr, chairman, president and CEO of the Boeing company, made the statement at a luncheon organized by The ...
SHANGHAI - SAIC Motor Corp, China's largest domestic automaker, expects its first-half sales to increase to more than 1.65 million vehicles from 1.23 million a year earlier, President Chen Hong said. SAIC, which makes vehicles with General Motors Co and Volkswagen AG, forecasts 2010 sales of 3 million units. Industry-wide, China's vehicle sales may cont...
Region is fragmented with over 200 steel mills, 18 of which produce less than 2m tons BEIJING - Steel industry restructuring in Shanxi province may kick off this summer, with State-owned Taiyuan Iron and Steel Group and Shougang Group leading the province's 60 million tons of capacity consolidation. Shanxi Steel Industry Restructuring Plan has been h...
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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