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Chinese equities rose Friday with the benchmark Shanghai Composite Index up 1.20 percent, or 35.38 points, to end at 2,995.85. The Shenzhen Component Index grew 104 points, or 0.85 percent, to close at 12,297.16. Combined turnover rose to 217.03 billion yuan ($31.78 billion) from 190.81 billion yuan on the previous trading day. (Source: China D...
Hong Kong stocks surged 487.88 points, or 2.29 percent, to close at 21,752.87 on Friday. Turnover moved down to HK$76.35 billion ($9.86 billion) from Thursday's HK$80.81 billion. (Source: China Daily)
Scientists predict China will become one of the first countries to begin production of gas hydrates, an enormous untapped energy source. Production of gas hydrates, also known as flammable ice, will begin in China's tundras around 2020 and underwater after 2030, scientists predicted. "In the next decade, scientists will probe the reserves of gas hydrate...
China will drop a requirement that most of the components of wind power-related equipment be made within its borders, a beneficial move for foreign companies who argue that they have been locked out of China's wind-power market. Commerce Minister Chen Deming announced the move at a press conference in Hangzhou, Zhejiang province, to repeal the requiremen...
Australia's Foreign Investment Review Board (FIRB) on Friday approved the acquisition by China's largest steel maker of up to 19.99 percent of coal miner and iron ore explorer Aquila Resources. The Australian government has given the green light for the AU$285 million ($260 million) transaction. The final hurdle to be cleared is approval by Chinese re...
The People's Bank of China (PBOC), the central bank, continued to withdraw liquidity through open market operations this week, with a net drain of 133 billion yuan from the market, sending the net withdrawal in October to 156 billion yuan ($22.85 billion), the biggest monthly drain since February, the China Business News (CBN) reported today. The PBOC ye...
All 28 stocks on China's new Nasdaq-style market for small and medium-sized companies had been temporarily suspended within the first two hours of trading on its opening day Friday. The stocks on the ChiNext exchange in Shenzhen, Guangdong province, had all been suspended at least once by 11:20 am under rules to prevent wild fluctuations in share prices....
The NASDAQ OMX Group, Inc has welcomed 22 companies from China to the NASDAQ Stock Market year- to-date in 2009, said the company on Wednesday. The 22 listed Chinese companies, include eight IPOs, 13 OTCBB upgrades, and one switch to NASDAQ from NYSE AMEX. "China is the largest and most important overseas market for us, with 116 listed companies," said ...
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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