Japan's industrial production plummeted a record 15.3 percent from the previous month in March on a seasonally adjusted basis, the Economy, Trade and Industry Ministry said in a preliminary report on Thursday. The record decline in the recording period was due to the March 11 twin disasters that destroyed infrastructures, damaged production facilities an...
More Chinese companies are eyeing Africa as an ideal place for investment as China encourages its companies to globalize, a survey report on China's outbound investments released on Wednesday showed. The report from the China Council for the Promotion of International Trade (CCPIT) said the number of Chinese companies investing in Africa has sharply rise...
Orders for U.S. manufactured durable goods rose 2.5 percent in March, the third consecutive monthly increase, the Commerce Department reported Wednesday. Orders for manufactured durable goods in March increased 5.0 billion dollars from February to 208.4 billion U.S. dollars, following a revised 0.7 percent increase in February, the department said. Tran...
Georgia and Russia are scheduled to open their next round of talks on Russia's membership in the World Trade Organization in the Swiss city of Bern. The negotiations start on Thursday and finish a day later. The two countries held a previous round of talks in early March this year, also in Bern. Georgian Deputy Foreign Minister Nino Kalandadze has to...
Portuguese Prime Minister Jose Socrates promised Wednesday to increase the country's exports to a hefty 40 percent of its gross domestic product if his Socialist party wins the June 5 elections. Announcing the ruling party's campaign platform, Socrates also promised to maintain the welfare state while taking measures to cut deficit in face of a prolonge...
The United States' reliance on imported liquid fuels is expected to fall in the long term, according to the Annual Energy Outlook 2011 report released Tuesday by the U.S. Energy Information Administration (EIA). Total consumption of liquid fuels in the United States, including both fossil fuels and biofuels, is forecasted to increase to 21.9 million barr...
The Chinese government announced Tuesday that it has launched an emergency program to protect farmers from produce price slumps and stabilize the produce market. China's Ministry of Commerce (MOC) said in a statement on its website that local authorities are being urged to take measures to help farmers sell produce after a large harvest brought down vege...
Haier Group, one of the world's leading white goods and home appliances makers, announced Wednesday that its first quarter net profit jumped 47.17 percent year on year to 531 million yuan (81 million U.S. dollars). In a statement filed to the Shanghai Stock Exchange, Haier said its total value of assets increased 8.39 percent year from a year earlier to ...
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