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SHANGHAI: The annual results reporting season has by now begun in earnest. But this time, investors have one more item to watch for other than bottom lines, cash flow charts and auditors' comments. That item, touted by analysts and investors as sort of a seal of approval, is the name of China's National Social Security Fund on the list of major sharehol...
Contrary to much speculation China may not buy the International Monetary Fund's (IMF) remaining 191.3 tons of gold which is up for sale as it does not want to upset the market, a top industry official told China Daily Tuesday. "It is not feasible for China to buy the IMF bullion, as any purchase or even intent to do so would trigger market speculation a...
Air China Ltd, the nation's flag carrier, and Cathay Pacific Airways Ltd intend to sign an agreement to form an air-cargo venture before the end of the week, said three people familiar with the negotiations. The deal will likely be confirmed during talks in Beijing over the next few days, the three said, while declining to be identified, as the discussio...
The oil pricing mechanism adopted in 2009 is likely to see some adjustments this year to make it better reflect international crude price fluctuations, said analysts. The government may shorten the calculation period for adjusting domestic gasoline and diesel prices to less than 22 days, said Han Xiaoping, chief information officer of energy portal China5...
TOKYO: Japanese carmakers are increasing capacity in China to meet surging demand in the nation, which surpassed the United States as the world's largest auto market in 2009. They were also buoyed by a rebound in the US auto sales, which gained for a third month in January. Output plunged a year earlier amid a global recession. Toyota Motor Corp, Honda...
Wuxi, one of China's top 10 cities as ranked by GDP in 2009, hopes to transform from a manufacturing hub to a hi-tech city by expanding cooperation with domestic and overseas businesses. As a major city in the Yangtze River Delta, Wuxi, Jiangsu province, landed 12 new projects last month including those in electronic information, biopharmaceutics, new en...
SINGAPORE's total trade declined by 19 per cent to SGD747 billion (US$529.04 billion) in 2009. The decrease was attributed to contractions in both oil and non-oil trade, which declined by 31 and 15 per cent respectively. The contraction in external trade was also blamed on lower exports and imports, which fell by 18 per cent and 21 per cent year on year,...
BANGKOK: China's current currency policy does not affect other countries' export and its stability is vital to world economy, a senior Thai economist said Monday. The Renminbi rate is not the main factor for China's trade surplus with the United States and the European Union, Associated Professor Dr. Sompop Manarungsan from Faculty of Economics, Bangko...
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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