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The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Tuesday. The US market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the global auto report by Canadian Scotiabank Economics. The report said that a cyclical recovery in global a...
A Chinese mainland official said Wednesday that mainland purchasing groups to Taiwan had notched up deals worth about $14 billion in the first 11 months this year. Fan Liqing, spokeswoman for the State Council Taiwan Affairs Office, said at a press conference that the amount accounted for about 7.6 percent of Taiwan's total exports, which stood at $183.6...
China's telecom operators' customer services need to be more polite and more informative to callers from the country's 730 million wireless subscribers, according to a specialized organization's latest survey. The Customer Service Committee of China Association of Trade In Services (CNCSC), a new organization promoting better customer service within C...
China Investment Corporation (CIC) may invest up to $300 million in the proposed Hong Kong float of Russian aluminum producer United Co Rusal, a source close to the sovereign wealth fund said yesterday. CIC is, however, yet to take a final decision in this regard, as buying into the highly indebted company is still viewed as a risky investment, the source...
China Construction Bank (CCB) will buy the entire 50 percent stake held by Dutch financial conglomerate ING Groep NV in Pacific Antai Life Insurance Co, to further expand its presence in the insurance sector. The acquisition will expand CCB's customer base and also help it to integrate its banking and insurance businesses, the bank said in a statement po...
China Railway, Tongling eye copper mining rights in Ecuador China Railway Construction Corporation (CRCC) and Tongling Nonferrous Metals Group Holdings Co Ltd are buying Canadian miner Corriente Resources Inc in a 4.4 billion yuan deal to gain access to copper resources in Ecuador. Corriente was offered 55.89 yuan per share in cash, representing a 27 pe...
The US Commerce Department said on Tuesday that it has set preliminary antidumping duties (AD) on imports of steel grating from China, a move that might escalate trade disputes between the two countries. The department said it "preliminarily determined that Chinese producers/exporters have sold steel grating in the United States at 14.36 to 145.18 percent...
China's Supreme People's Court (SPC) said Tuesday that it had reviewed and approved the death sentence against Akmal Shaikh, a British man who was convicted of smuggling drugs into China. Shaikh, 53, male, was caught carrying up to 4,030 grams of heroin at the international airport of Urumqi in Northwest China's Xinjiang Uygur autonomous region from Du...
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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