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Hong Kong stocks gained 7.70 points, or 0.04 percent, to close at 21,500.60 on Friday. Turnover totaled HK$62.23 billion ($8.04 billion), compared with Thursday's HK$59.88 billion ($7.73 billion). Source: BizChina
CME Group Inc, the world's largest futures exchange, predicts "great growth" in Asian derivatives as the economy expands, Executive Chairman Terry Duffy said. "That's one of the reasons I'm here," Duffy said in an interview in Hong Kong yesterday. "We're making certain that the CME continues to expand its business outside the US. We need to get involv...
Most US companies doing business in China are profitable and many want to step up their investments, according to a new survey. The poll by the US-China Business Council indicated that the global recession led to reduced sales and slowed investment plans for member companies as well as job cuts for some. However, 51 percent of the 100 respondents projec...
Baosteel Group Co, China's largest steelmaker, has been asked by the Australian government to resubmit its application to invest $240 million for a 15-percent stake in iron ore explorer Aquila Resources Ltd, the Australian media reported. According to the Australian Financial Review, Baosteel resubmitted its application as requested by the Foreign Invest...
The White House announced on Thursday that President Barack Obama's first trip to Asia as president will begin in Japan and take him to Singapore, China and the Republic of Korea. But the US president will not visit Indonesia, his home for four years when he was a child. Obama will be in Beijing and Shanghai between Nov 15 and 18. During the China le...
Chinese equities rose 4.76 percent Friday, the first day of trading after the eight-day National Day holiday, driven by gains in overseas markets. The benchmark Shanghai Composite Index grew 132.29 points, or 4.76 percent, to end at 2,911.72. The Shenzhen Component Index gained 594.39 points, or 5.30 percent to close at 11,801.23. Combined turnover ro...
Some Nordic cleantech ventures on Tuesday expressed their hope to find investors for further development, specially in Chinese market. A total of 25 cutting edge small Nordic cleantech companies presented their technologies ranging from solar and wind power to efficient biogas and wave energy to investors coming from around the world at Stockholm Cleantec...
Chinese drink making giant Wahaha Group announced Wednesday that it had reached an "amicable settlement" with Danone, a Paris-based food and beverage producer. The solution is still subject to approval of the Chinese government, said a spokesman for Wahaha Group Wednesday. Danone also announced its settlement with the Chinese company at its website on t...
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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