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SINGAPORE: Airbus SAS, the world's biggest plane maker, raised its Asia-Pacific demand forecast about 4 percent as economic growth in China makes air travel affordable for more people. Carriers in the region will buy about 8,000 planes worth $1.2 trillion over 20 years, Airbus said in a statement at the Singapore Air Show yesterday. The plane maker earli...
Sovereign wealth fund China Investment Corporation (CIC) has finalized a $956 million investment deal with British private equity fund group Apax Partners, a source close to the fund said yesterday. The source confirmed media reports that CIC was planning to invest $956 million in Apax Partner's 11.2 billion-euro fund. Apax has already got approval from ...
BEIJING: Metallurgical Corporation of China Limited (MCC), one of the world's biggest engineering contractors, said Wednesday that it planned to acquire a 5-percent stake in Australian mining company Resourcehouse Limited. In a statement to the Shanghai Stock Exchange, MCC said it would invest $200 million in Resourcehouse. Besides the 5-percent stake,...
SINGAPORE: A bungalow on Singapore's Ocean Drive, a stretch of luxury homes lined with Bentleys and Ferraris, sold for a record S$30 million ($21 million) in October. In Hong Kong, a duplex a third the size went for almost three times as much the same month. Singapore's luxury-home prices won't match Hong Kong's because an increase in building ahead o...
China First Heavy Industries Co became the first company in at least a year to fail to raise the maximum amount sought in a Shanghai IPO after the benchmark index fell 15 percent from its 2009 high. First Heavy, a maker of equipment used in the mining and energy industries, raised 11.4 billion yuan, selling shares at 5.70 yuan apiece, below the high end o...
SHIJIAZHUANG: Senior Chinese official Zhou Yongkang has called on local authorities of northern Hebei province to do a good job in the two major issues of development and stability, to bring more benefits to the people. Zhou, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks durin...
BEIJING: A gathering was held here Wednesday to mark the establishment of the China-Africa Economic and Technology Cooperation Committee (CAETCC) of China Economic and Social Council (CESC). About 80 diplomats from over 40 African countries and near 100 Chinese officials attended the gathering. Zhao Qizheng, chairman of the Foreign Affairs Committee of ...
China's Ministry of Commerce (MOC) said Tuesday that it would impose temporary anti-dumping measures on terephthalic acid imported from Thailand and the Republic of Korea (ROK). The preliminary ruling required importers of terephthalic acid from Thailand and the ROK to place deposits starting Wednesday, said a statement on the MOC website. The statemen...
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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