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Media
The Chinese currency Renminbi (RMB), or the yuan, on Thursday gained 66 basis points from Wednesday to 6.5228 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices b...
Reliance Industries Ltd. (RIL), India’s largest listed company, raised fuel exports from the world’s biggest refining complex by 6 percent in the first half of April as demand from Southeast Asia boosted shipments to Singapore, Bloomberg reports. The Mumbai-based company, controlled by billionaire Mukesh Ambani, increased shipments of fuel pro...
China plans to double the output value of its press and publication industry in the next five years, according to the country's General Administration of Press and Publication (GAPP). The annual growth rate of the entire press and publication industry is expected to be around 19 percent, and, by 2015, the annual output value of the whole sector is expect...
PSA Peugeot Citroen, France's No. 1 car manufacturer, reported a 10.2-percent increase in revenue during the first three months this year over the same period a year ago, mainly due to booming demand in Russia, the company said on Wednesday. Peugeot Citroen's revenue stood at 15.41 billion euros (22.39 billion U.S. dollars) for the January-March period ...
Since the European Union (EU) erased anti-dumping duties, shoemakers in east China's Zhejiang Province have shifted from a low-cost strategy to target the high-end EU market. Aokang Group Co., Ltd., one of 1,200 Chinese companies affected by the tariffs, is abandoning its low-cost strategy and forging ahead on a new path to avoid being involved in a new ...
Mobile phone maker Sony Ericsson said Tuesday that its net profit in the first quarter this year was 11 million euros (15.7 million U.S. dollars), down 48 percent over the same period last year. Its sales dropped from 1.4 billion euros (2.0 billion dollars) in the first three months of 2010 to 1.1 billion euros (1.6 billion dollars) this year, a 19 percen...
Japan's exports fell for the first time in 16 months in March, as the hugely negative impact of the March 11 earthquake and tsunami on Japan's key export sector is becoming increasingly quantifiable, the Ministry of Finance said on Wednesday. According to the government's latest figures, overseas shipments slumped 2.2 percent in March from a year earli...
Brazil's state-controlled oil giant Petrobras announced on Tuesday the conclusion of the first export of the oil extracted from the country's pre-salt oil reserves. According to the company, the first shipment of pre-salt oil was sold to Chilean state-owned company Empresa Nacional del Petroleo (ENAP). Petrobras sold to ENAP one million barrels of oil...
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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