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NAIROBI, Kenya - Kenya's Equity Bank said on Monday it had signed a 4 billion shilling ($50.82 million) financing agreement with China Development Bank for lending to small and medium businesses. Equity said it was the first beneficiary of a $5 billion Chinese fund for development of small and medium sized businesses in Africa. "The facility will allow...
WASHINGTON – China boosted its holdings of US Treasury debt for the first time in six months. That development could ease concerns that lagging foreign demand will force the US government to pay higher interest rates to finance its debt. The US Treasury Department reported Monday that China's holdings of US Treasury securities rose 2 percent to $89...
BEIJING - China on Monday urged the Indian government to provide a fair and transparent investment environment for Chinese telecommunications firms and called for talks between the governments. The remark followed India's earlier move to stop approving imports of Chinese telecom equipments from companies such as Huawei Technologies and ZTE Corp, citing n...
BANGKOK - The Commerce Ministry is confident Thailand's exports for 2010 will grow at least 14 percent year-on-year, or equivalent to over $170 billion as projected, Commerce Minister, Pornthiva Nakasai said Monday. The estimation is made amid the intense political situation as troops' operations have continued to besiege the anti-government rally site ...
BEIJING - PetroChina Co, the country's largest oil and gas producer, has signed an agreement with Royal Dutch Shell and Qatar Petroleum to explore for natural gas in the Middle Eastern country, part of bid by domestic companies to expand to their gas portfolio. Under a 30-year exploration and production sharing agreement, the partners will jointly explor...
China hopes the United States will not exclude China when it loosens its export restrictions, Yao Jian, a spokesman with the Ministry of Commerce said in Beijing Monday. Yao's remarks came after the United States said over the weekend it might change its exports control regime. The US should treat all countries equally and not discriminate against Chin...
RUSSIA's TransContainer plans to buy rolling stock worth RUB2.3 billion (US$75.7 million) this year, reports Moscow-based Interfax News Agency. TransContainer operates 24,700 railcars and plans to add 1,300 to the fleet this year, comprising 80-foot flat cars to offset the rolling stock that will retire from service. The 2010-2012 investment plan has b...
CONTAINER volume at the southern California's ports of Los Angeles and Long Beach increased for the fifth consecutive month in April after and 18-month decline. April volume at Long Beach was up 18.7 per cent to 485,059 TEU, reported American Shipper. At Los Angeles, April throughput rose 11.9 per cent to 595,283 TEU. But looking back, Long Beach volum...
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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