Trade News

India's opposition leads price hike protestApr 22, 2010

NEW DELHI - At least 100,000 Indians backed by the main opposition party on Wednesday denounced steep price rises, demanding the Congress-led government quit over food inflation during one of the biggest marches seen in years. The demonstration underscored how inflation is stoking public anger against the government and revitalizing the Hindu-nationalist ...

US initiates antidumping and countervailing duty investigation on Chin...Apr 22, 2010

BEIJING - Iron ore trader Sinosteel Corp has agreed to buy future production from Australian miner Brockman Resources Ltd to secure raw material supplies for Chinese steel mills. Sinosteel, China's largest iron ore trader, will buy 10 million tons of iron ore every year, about half the output from Brockman's Marillana project in Western Australia, over ...

Sinosteel to buy iron ore from BrockmanApr 22, 2010

BEIJING - Iron ore trader Sinosteel Corp has agreed to buy future production from Australian miner Brockman Resources Ltd to secure raw material supplies for Chinese steel mills. Sinosteel, China's largest iron ore trader, will buy 10 million tons of iron ore every year, about half the output from Brockman's Marillana project in Western Australia, over ...

India increases key interest rateApr 21, 2010

Govt takes measure for second time in a month, tells lenders to set aside more reserves to slow inflation MUMBAI - India's central bank raised interest rates for the second time in a month and ordered lenders to set aside more cash as reserves, seeking to slow the fastest inflation among Group of 20 nations. The Reserve Bank of India boosted the three p...

Chinese firms boost African investmentApr 21, 2010

CAIRO - Africa, which boasts a large volume of natural resources and powerful consumption market, is turning into an increasingly important destination for Chinese investment. "When it comes to which nation is the largest investor in Africa, China is undoubtedly the largest," Egyptian Minister of International Cooperation Fayza Aboulnaga told China Daily ...

Singapore, China co-op in cruise industryApr 21, 2010

SINGAPORE: Singapore Cruise Center signed here on Tuesday a Memorandum of Understanding (MOU) with Shanghai Wu Song Kou International Cruise Terminal Development to jointly explore various forms of collaboration opportunities between both parties. According to a joint statement, the MOU reflects the two parties' intention to tap on China's rapid economi...

Central Huijin to raise funds from bond issueApr 21, 2010

BEIJING - Central Huijin Investment Co, the domestic investment arm of China's sovereign wealth fund, plans to sell bonds worth at least 80 billion yuan ($11.73 billion) in the interbank market and use the proceeds to fund major commercial lenders and export-oriented financial institutions, sources familiar with the matter said on Tuesday. The investment...

Ericsson, China's Datang in new tech co-operationApr 21, 2010

HELSINKI - Ericsson said on Tuesday it would deepen co-operation with Chinese rival Datang, giving the world's top network gear maker a better position in the growing TD-LTE field of mobile wireless. TD-LTE technology, which incorporates LTE and time division (TD) technology like in WiMax, has recently won operator support in many large markets. The wo...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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