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SHANGHAI - The three-day trial of four Rio Tinto executives concluded on Wednesday without a verdict, a lawyer said. The trial wrapped up at Shanghai No 1 Intermediate People's Court at midday, and no date was set for the verdict, said Zhai Jian, an attorney representing one of the accused. The four, including Australian national Stern Hu and his three...
BEIJING: The plan by the nation's big lenders to raise over $40 billion, jointly from the Hong Kong and mainland stock markets, this year has prompted its majority shareholder Central Huijin to seek a cash injection from the government, people familiar with the matter said on Wednesday. Central Huijin, the domestic investment arm of the nation's soverei...
Move designed to further tap into domestic markets and reduce costs BEIJING - Damco, the Denmark-based freight forwarding arm of A.P. Moller-Maersk Group, officially announced the opening of its office in Chengdu, Sichuan province on Wednesday. Damco, one of the world's largest logistics and supply chain management companies, employs over 1,000 staff i...
BEIJING: China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan ($3.8 billion) starting on Thursday. The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according t...
SHANGHAI: China Railway Group said on Thursday that it had won an Indonesian coal transport contract worth $4.8 billion. The long-term contract, equivalent to 14 percent of China Railway's operating income in 2008 under domestic accounting standards, would not have a major impact on its earnings in 2010, the company said in a statement published in the S...
UNITED NATIONS: China said Tuesday that the United Nations should continue to lead in solving the financing difficulty of the international development process. Speaking at the UN high-level dialogue on financing for development, Li Baodong, permanent representative of Chinese Mission to the UN, said as the most representative and authoritative internatio...
BEIJING: Google's move to stop filtering its search results for Chinese mainland users set a bad example which broke the rule that a foreign company should abide by its host country's laws, experts and business people said Tuesday. Google announced early Tuesday morning it had stopped censoring its Chinese-language search engine Google.cn and was redire...
BEIJING - The US Treasury Department is highly likely to label China a currency manipulator in a report due out in mid-April, but the move will be "more symbolic than substantive" to win mid-term Congressional elections in the fall, former US trade representative Susan Schwab told China Daily on Tuesday. Susan Schwab is a former US trade representative&nb...
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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