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Beijing's presence in Southeast Asia is insulated from the United States' apparent renewal of interest in the region, experts said. The reaction from experts was made after Kurt Campbell, the US assistant state secretary for East Asia and the Pacific, said last week that US President Barack Obama plans to invite all 10 leaders of the Association of Sout...
China National Petroleum Corp (CNPC) and British oil major BP on Tuesday signed a technical service contract with Iraq's state-owned South Oil Company to expand production from the Rumaila oilfield, the country's first major oil deal since the US invasion in 2003. The deal is the biggest investment by CNPC in Iraq and offers the domestic oil major an un...
Surging deposits at China's biggest banks signal the country's equity and property market rallies this year are sustainable, not loan-fueled bubbles as some analysts have suggested, said Henderson Global Investors Ltd. Deposits at the four largest listed banks grew by 4.3 trillion yuan ($629.76 billion) in the first half of 2009, according to data from ...
Wang Chuanfu, chairman of electric car and battery maker BYD Co Ltd, in which US billionaire Warren Buffett holds a stake, topped the Forbes China rich list, with Liu Yongxing and Zong Qinghou behind him, according to the list released in Shanghai Thursday. Wang, who ranked 23rd on the list last year, saw his fortune increase by nearly five times from $1....
SNCF Geodis, the logistics branch of the French rail company SNCF, is showcasing its activities at the International Week of Transport and Logistics this week at the Dubai International Convention and Exhibition Centre. At SITL Dubai, SNCF Geodis will be located in the Sheikh Rashid Hall at booth G01 and is to focus on three major areas: global supply cha...
FAMOUS American investor Warren Buffett has announced that his Berkshire Hathaway holding company will buy the Fort Worth-based Burlington Northern Santa Fe (BNSF) railway for US$34 billion pending shareholder and regulatory approval. "This transaction offers compelling value to our shareholders and is in the best interests of all of our constituents incl...
FAMOUS American investor Warren Buffett has announced that his Berkshire Hathaway holding company will buy the Fort Worth-based Burlington Northern Santa Fe (BNSF) railway for US$34 billion pending shareholder and regulatory approval. "This transaction offers compelling value to our shareholders and is in the best interests of all of our constituents incl...
China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 62.1 percent in October, setting a high for the year, Cai Jin, vice president of the China Federation of Logistics and Purchasing (CFLP), told Xinhua Wednesday. The index was 3.2 percentage points higher than September, Cai said, adding that it was the eighth month in a row...
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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