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PARIS - The annual inflation rate in the member states of the Organization of Economic Development and Cooperation rose by 2.1 percent in the year up to March 2010, mainly boosted by rising energy prices, the Paris-based OECD said Tuesday. Compared with the 1.9 percent inflation rate in February, this small increase "mainly reflected higher energy prices,...
BEIJING - In response to the world's top three iron ore suppliers' negotiation attitude of "take it or leave it", China can both take it and leave it in different ways, experts say. "It seems China has accepted the quarterly benchmark iron ore pricing scheme proposed by the iron ore trio," said Zhang Lin, analyst at Langesteel.com, the country's leadin...
WASHINGTON: Strong consumer spending helped drive US economic growth to an annual rate of 3.2 percent in the first quarter of 2010, according to the first estimate released Friday by the Commerce Department. The growth pace was just below market expectations of 3.3 percent and down on the 5.6 percent recorded in the fourth quarter of 2009. The US govern...
SHANGHAI - Signing the Economic Cooperation Framework Agreement (ECFA) with the mainland will help Taiwan "revive" its economy, Taipei Mayor Hau Lung-bin said on Friday. "The lack of economic exchange and cooperation across the Straits over the past decade has hindered the economic development of Taiwan ... It is now time for us to get rid of mainland-pho...
WASHINGTON - The United States will try to boost exports to China - rather than limit imports from the country - to reduce its huge trade deficit, US Secretary of Commerce Gary Locke has said. Gary Locke, US secretary of commerce, is expected to lead a trade mission to China in May. Locke will lead a trade mission to China from May 15 to 21, ahe...
Industry leaders will debate strategy for the steel sector during the sixth China International Steel Congress, to be held in Beijing from May 8-12. This year's congress will focus on development strategies in the post-crisis era and will call on industry leaders to review the steel industry development in the last 10 years, analyze the impacts of the fi...
BRUSSELS: Annual inflation in the euro zone rose slightly to 1.5 percent in April, the highest level since December 2008, the European Union (EU)'s statistics bureau Eurostat estimated on Friday. It was up from 1.4 percent registered in March but stayed well below the two-percent ceiling preferred by the European Central Bank (ECB) to maintain price stab...
JOHANNESBURG - Investment in Africa from countries such as China and India has rekindled optimism in a continent that sits on the world's biggest deposits of platinum, chrome and diamonds, attracting a record number of delegates to this year's World Economic Forum on Africa. Bankers may make up the largest group of delegates as they look to profit from ...
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.
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