Honda Motor said Wednesday that the production halt at its Chinese plants was unrelated to the March earthquake that hampered its supply chains. Instead, the pause in production was due to a "routine check" that had been scheduled before the earthquake occurred, said Zhu Linjie, a spokesman with Honda Motor (China) Investment Co., Ltd., Honda's Chinese h...
South Korea on Wednesday temporarily withdrew a ratification bill for a trade accord with the United States from parliament to correct translation errors. The move is expected to lower impetus for getting the two-way free trade agreement between Seoul and Washington endorsed here and delay possible legislative approval by South Korean parliament by months...
Australian federal government on Wednesday formally approved Japanese-owned Chi-X to operate a separate securities exchange in Australia, to increase competition in financial services. Chi-X will be the first foreign-owned stock exchange in Australia, and the entry of Chi-X Australia Pty Ltd marks an end to the 24-year monopoly of the Australian Stock Exc...
A Chinese official on Tuesday predicted that China would maintain a trade surplus in the whole year of 2011, though it recorded a small foreign trade deficit in the first quarter of the year. "China's foreign trade is moving in a more balanced and coordinated way, and the proportion of trade surplus in the country's gross domestic product will continue ...
CHINA and Indonesia have signed new trade accords including US$8 billion in commercial loans for Indonesian infrastructure projects, capping off Chinese Premier Wen Jiabao's two-day state visit to the country, reported the Wall Street Journal. China plans to nearly double its trade with Indonesia by 2015 to a total of $80 billion, Premier Wen told a pre...
The Industrial and Commercial Bank of China (ICBC), the country's largest asset lender, said on Tuesday that its international settlement volume rose 44 percent year on year to reach $1.06 trillion last year. The company's first quarter international settlement volume for 2011 climbed almost 40 percent from last year to reach $300 billion, according to ...
Indonesia is looking to attract more direct investment from China over the coming years. The country, a member of the Association of Southeast Asian Nations trading bloc (ASEAN), hopes the move will help to narrow a gap in bilateral trade that has been widening in recent years. "The trade volume between Indonesia and China has seen remarkable growth duri...
The Australian manufacturing activity has contracted again in April, largely due to the strong Australian dollar, according to a latest monthly manufacturing survey released on Monday. The Australian Industry Group/PricewaterhouseCoopers (PwC) Australian Performance of Manufacturing Index (PMI) rose only 0.5 points in April to 48.4, the survey said. A r...
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