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Tokyo: China textile group Shandong Ruyi will take a roughly 40 percent stake in Japanese apparel maker Renown Inc, the Nikkei newspaper reported, adding to a growing list of investments by Chinese firms in Japan. Renown, a struggling collection of brands including D'Urban and Henry Cotton's, will sell the stake to Shandong Ruyi for about 4 billion yen ...
SYDNEY – Australia signalled Sunday it is open to compromise on the controversial plan to tax the "super profits" of the mining boom but insisted the 40 percent headline rate will stay. Resources companies have launched a fierce campaign against the tax, arguing that it is damaging to Australian investment and jobs and will cut their ability to comp...
TOKYO - Production of crude steel in Japan rose for a sixth successive month on year in April, the Japan Iron and Steel Federation said in a report on Friday. Japan produced 8.99 million tons of crude steel in April, a rise of 56.7 percent year-on-year. Separately, the World Steel Association (WSA) reported that global crude steel production for the 66 ...
BEIJING - China faces complex trade situations this year in the midst of the global financial crisis, which might crimp external demand for Chinese goods, Vice Commerce Minister Zhong Shan said on Friday. As a result, China cannot be blindly optimistic about its export outlook this year since there could be more trade friction, Zhong said during a trip to...
Global Chinese business assets grew to $3.9 trillion in 2009, a 56 percent growth from 2008, and a slight 5 percent rise compared with $3.7 trillion in 2007, according to the 2009 World Chinese Entrepreneurs Development Plan released by the China News Agency special seminar group Thursday, the Xinhua news agency reported. Of the $3.9 trillion assets, $3 t...
BEIJING: Wal-Mart plans to add 10 million square feet of retailing space in China this year, said a senior executive of the world's largest retailer Saturday. The plan was disclosed by Scott Price, CEO of Wal-Mart Asia, while addressing the Global Summit of Women 2010 which ended in Beijing Saturday.The summit opened on Thursday evening. "This is a hug...
SEOUL - Trade ministers from China, Japan and South Korea yesterday praised efforts to explore a potential joint free trade deal to boost commerce among three of Asia's biggest economies. South Korean Trade Minister Kim Jong-hoon, Chinese Commerce Minister Chen Deming and Japanese Economy, Trade and Industry Minister Masayuki Naoshima met in Seoul for on...
SINGAPORE's non-oil domestic exports (NDOX) rose 2.1 per cent in April, after the previous month's 2.9 per cent increase, a year-on-year growth of 29 per cent with re-exports slipping slightly to 0.6 per cent during April, after a 6.3 per cent expansion in the previous month. But in April Singapore trade in NDOX with US, China and Hong Kong trade rose b...
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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