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BEIJING - The United States should take substantive measures to change its export control regime, otherwise Sino-US economic and trade cooperation will face a "bottleneck", Vice-Minister of Commerce Ma Xiuhong said on Thursday. "China appreciates the US announcement on thoroughly reviewing the existing export control system and reforming it soon, but we s...
BEIJING - Goldman Sachs' plan to enter China's insurance market might be deterred as the country's insurance regulator tightens the rules on foreign investments in the sector. The China Insurance Regulatory Commission (CIRC) on Thursday issued a rule on insurance companies' equity management, setting a strict threshold for the entry of foreign capital...
BERLIN - Europe's debt crisis will depress the euro still further after it declined to the lowest level since 2006, according to UBS AG and BNP Paribas SA. For years to come. For the 16 countries using the currency, that isn't all bad. A drop over three to four years would benefit European exporters in countries such as Germany, where foreign sales help...
BEIJING - Chinese steel mills have expressed their reluctance to accept iron ore prices of potentially $160 per ton proposed by Vale and BHP in the third quarter, saying that the price hike will create carnage in the nation's steel industry. "BHP has recently informed us that they will raise third quarter iron ore prices, including freight, to $160 a ton...
NEW YORK - Pressured by Europe debt crisis, slow economic recovery and uncertainty in financial reform, all three major indexes of US stocks broke the 10 percent correction level from previous highs on Thursday. All three major indexes ended sharply lower, with Nasdaq off more than four percent. The tech-heavy index is now heading to the largest monthly d...
BERLIN - Europe's debt crisis will depress the euro still further after it declined to the lowest level since 2006, according to UBS AG and BNP Paribas SA. For years to come. For the 16 countries using the currency, that isn't all bad. A drop over three to four years would benefit European exporters in countries such as Germany, where foreign sales help...
BEIJING - PetroChina Co, the nation's largest oil and gas producer, will invest $60 billion to increase its overseas oil and gas output to 200 million tons every year, Chairman Jiang Jiemin said on Thursday. Jiang told reporters that the company's overseas oil and gas cooperation areas would be focused on Central Asia, the Middle East, Africa, the Ameri...
Leading financial markets operator NYSE Euronext is interested in listing on Shanghai's imminent international board. "We have held several rounds of talks with Chinese regulators about listing on the international board, but we are not in a position to decide the timetable," Duncan Niederauer, chief executive officer of NYSE Euronext, said in Shanghai y...
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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