Toyota President Akio Toyoda will arrive in Beijing Monday following his US visit over the company's global recall crisis to hold a press conference and meet Chinese officials, China Security Journal reported. The conference, scheduled at 18:00 Monday Beijing Time, is to "reassure Chinese consumers about Toyota's quality and safety," its spokesman revea...
LONDON: HSBC Holdings Plc's decision to move Chief Executive Officer Michael Geoghegan and three more top bankers to Hong Kong from London may force Standard Chartered Plc to follow its example, money managers and analysts said. Geoghegan moved to Hong Kong this month, joining Sandy Flockhart, chairman of personal and commercial banking. Standard Charter...
American investment guru Jim Rogers believes US stocks could be entering into a Japan-style Dark Age with falling values until 2030. The Dow Jones Industrial Average has already fallen 9 percent over the last decade from 11,497 to 10,428 at the beginning of January. And the former investment partner of George Soros believes the trend could continue for ...
WASHINGTON: China remains the largest foreign holder of US Treasury securities at the end of December, the US media reported on Saturday. The report quoted the new government data as saying that China held $894.8 billion in Treasury securities at the end of December, more than $755 billion that had been previously estimated. But the new report also show...
BEIJING: The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 52 percent in February, down 3.8 percentage points from January 2010, the China Federation of Logistics and Purchasing (CELP) said on Monday. It was the 12th straight month the index was above 50 percent. The PMI includes a package of indices to measure manufacturi...
CHINA Customs' statistics shows the country gained a trade value of US$204.8 billion in January, rising 44.4 per cent over the same month in the 2009 but down 15.7 per cent compared to December, Logistics Week reported. Export value increased 21 per cent year on year to $109.5 billion, but fell 16.3 per cent from December. Import value soared 85.5 per ce...
SHANGHAI: The parent company of Geely Automobile Holdings Ltd said Thursday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio. Zhejiang Geely Holding Group, which is close to a deal to buy Ford Motor Co's Volvo cars unit, gave no financial details for the purchase of Zhongyu Auto, a s...
At least 11 million people are short of drinking water because of a drought that has hit 15 provinces and autonomous regions, with the weather not expected to improve anytime soon, officials and meteorologists have said. More than half of those affected by the dry spell are in Yunnan province, which is suffering its worst drought in six decades. Nearly ...
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