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PARIS - French gross domestic product (GDP) rose by 0.1 percent in the first quarter of 2010, mainly due to improved foreign trade balance, the national statistics bureau INSEE announced Wednesday. According to its latest report, the households' spending levelled out during the three-month period, down from the previous three-month reading of 0.9 percent...
BEIJING - Aluminum producer Alcoa Inc will enhance its position in China through strategic partnerships and possible mergers and acquisitions (M&A) with competitors and peers, a top company official said on Tuesday. Vanessa Lau, group chief financial officer of Alcoa's Global Flat Rolled Products Division, told China Daily that the move will help Alc...
TIANJIN - Sinopec, China's largest refiner, officially put into operation a 34-billion-yuan ($4.98 billion) petrochemical complex in Tianjin on Tuesday, a move designed to tap growing demand for fuel oil and chemicals. The facility is able to refine 10 million tons of crude per year and produce one million tons of ethylene annually. The ethylene manufa...
SHANGHAI - Chinese officials and experts Tuesday suggested the nation's steel producers set up plants abroad to avoid a rising number of international trade barriers. Opening steel mills in regions with abundant raw materials and strong market demand abroad would be easier than exporting steel products, as it would bring tax revenues and employment to th...
BEIJING: China has initiated feasibility studies for a free trade agreement (FTA) with Mongolia to further strengthen bilateral trade ties between the two nations, a top official from the Ministry of Commerce said on Tuesday. "We're still in very initial stages of discussions," said Zhou Changting, counselor of the Asian affairs department under the Comm...
BEIJING: The United States is unlikely to accept China's market economy status (MES) before 2016 and both nations should act according to World Trade Organization (WTO) norms when launching trade remedy cases against each other, Susan G Esserman, a former deputy US trade representative, told China Daily. Esserman, who served in the post during the Clinto...
Steelmakers, paying 90 percent more for iron ore, have to raise prices to pass on the higher raw material costs, the World Steel Association said. The move by iron ore exporters this year to abandon a 40- year custom of setting annual prices in favor of quarterly contracts is a "very negative trend," Chairman Paolo Rocca said in an interview in Beijing. T...
BEIJING: China's largest iron ore trader Sinosteel and China's fourth-largest steelmaker Anshan Iron and Steel Corp said they are willing to continue to invest in Australia, although that nation's "super tax" will definitely affect the companies' earnings. "We are reviewing how the tax will impact our companies, and undoubtedly, it will affect costs a...
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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