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HONG KONG: Jiangxi Copper Co, China's biggest producer of the metal, said demand growth would slow this year as the government cuts spending on the power industry by a quarter. Prices of the metal may drop in the second half as some countries may start to end their stimulus policies, Chairman Li Yihuang said on Wednesday at a press conference in Hong Kon...
Toyota has promised to compensate owners of recalled RAV4 vehicles in Zhejiang province, which has aroused anger among Beijing owners and their association, who feel they are being treated differently. After two closed-door rounds of talks between a delegation from Toyota and local authorities in Zhejiang, Toyota promised to compensate recall owners in Zh...
BEIJING: The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Thursday. It was the 13th straight month that the index was above 50 percent. The PMI includes a package of indices to measure manufacturin...
AIRPORT Council International (ACI) has announced the ranking of passenger and cargo airports in 2009. Hong Kong continued to be the second largest cargo airport - after Memphis - with an annual volume of 3.38 million tonnes, down 7.5 per cent year on year. The ranking of the top five cargo airports remained unchanged though their business was hard hit by...
Tokyo: BG Group has announced that it has signed a contract with Japan's Tokyo Gas Co to export liquefied natural gas produced from its Queensland project in Australia. The deal is expected to be worth $A20 billion. This is the second major deal by BG Group. BG Group, the third largest natural gas producer in UK, signed a $60 billion export deal with a C...
BEIJING - The majority of foreign-invested enterprises in China are still optimistic about the country's business environment, a US business group leader said in Beijing Tuesday. Harley Seyedin, president of the American Chamber of Commerce in South China, told Xinhua in an exclusive interview that most of the foreign enterprises represented by the chamb...
Small mills will suffer rising costs, but changes may level playing field BEIJING -- The shifting of a 40-year-old system of setting annual iron ore prices to a short-term pricing mechanism may shake up the Chinese steel industry by creating an even playing field for all steel mills - large and small - in terms of raw material costs. BHP Billiton said o...
BEIJING - China will continue to deepen its opening-up policy and strive to create favorable investment environment for foreign companies, Vice Premier Wang Qishan said on Tuesday. Wang made the remarks while meeting with former French Prime Minister Jean-Pierre Raffarin, who is in Beijing to attend an annual China-France economic seminar along with a del...
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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