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BEIJING: The Chinese currency exchange rate has not been a top concern for US firms in China, Christian Murck, president of the American Chamber of Commerce in the People's Republic of China (AmCham-China), said Monday. "A singleminded focus on the yuan is a mistake," Murck told reporters at the launch of the commerce chamber's annual report in Beijing....
KUWAIT CITY: Gulf oil-exporter Kuwait said on Monday the world oil demand is estimated to increase by around 5 million barrels per day in the next five years. "The fastest growth will be in Asia, whose consumption is expected to account for more than 30 percent of the global demand, " Kuwaiti Oil Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah told th...
China's rural areas and less developed cities are quickly catching up with big cities in consumption, Darryl Andrew, CEO of Synovate China told chinadaily.com.cn on Wednesday. Andrew based his remarks on a survey, which Synovate, the market research arm of Aegis Group plc, conducted by studying 68,000 consumers across 66 cities and rural areas in the Chi...
BEIJING - China's largest offshore oil producer Cnooc plans to nearly double its annual imports of liquefied natural gas (LNG) by 2020, company President Fu Chengyu said on Friday. The company is expected to import 30 million tons of LNG in 2020, said Fu. The company is expected to import 16 million tons of LNG this year. "Cnooc is China's first compa...
BEIJING - China South Locomotive & Rolling Stock Corporation Limited (CSR), the country's biggest maker of rail vehicles, reported Friday a huge net profit surge in the first quarter this year. Its net profit jumped 84.55 percent year on year to 355 million yuan ($52 million) in the first three months. Earnings per share stood at 0.03 yuan, up 84.55 ...
SHANGHAI - German steel recycling firm Cronimet Group on Friday inaugurated a plant in Shanghai in a bid to tap into China's potentially huge scrap steel market. The 54,000 sq m warehouse, located in the city's Baoshan district, involves a total investment of 15 million euros. It is Cronimet's first plant in Asia and the company's biggest. Its annual ...
DHAKA: The Bangladeshi government has invited bids from interested local and foreign firms for setting up three more power plants in the country on build, own and operate basis for generation of up to 550 megawatts of electricity, a senior official said Sunday. The Power Development Board (PDB) official, on condition of anonymity as he is not authorized t...
CARACAS - A Chinese company signed an agreement with two Venezuelan companies for the creation of a new airline, which will operate in domestic routes in Venezuela with competitive prices. The agreement was signed by China's AVIC International and Venezuela's Fundagrial and Sireca. AVIC will pay $300 million for the creation of the new company. It w...
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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