Trade News

Hong Kong stocks close 0.75% higherSep 1, 2009

Hong Kong stocks closed at 19, 872.30 on Tuesday, up 148.11 points, or 0.75 percent. Turnover fell to HK$54.75 billion($7.07 billion) from Monday's HK$67.32 billion($8.69 billion). Source: BizChina

Derivative deals hit a rough patchSep 1, 2009

Chinese State-owned enterprises (SOEs) may unilaterally terminate derivative contracts with six foreign banks that provide over-the-counter commodity hedging services, Chinese business magazine Caijing reported, citing unnamed sources. The report said that the State-owned Assets Supervision and Administration Commission (SASAC), China's SOE watchdog, has...

Canada's Athabasca to sell oilsand stake to PetroChinaSep 1, 2009

Canada's Athabasca Oil Sands Corp announced on Monday that it plans to sell a 60-percent working interest in its two oilsand projects to PetroChina, a Chinese energy giant. PetroChina will pay C$1.9 billion ($1.7 billion) for the MacKay River and Dover oilsand projects. The agreements also provide for certain financing arrangements for Athabasca. The p...

Ministry: China's trade surplus with EU to ease from last yearSep 1, 2009

China's trade surplus with the European Union (EU) for 2009 will be less than last year, a senior official of the Ministry of Commerce (MOC) said Monday. Trade surplus with the EU has already eased so far this year, said Sun Yongfu, the ministry's department chief in charge of European affairs. Customs figures show China's surplus with EU was about $...

Shanghai housing prices hit new high in AugSep 1, 2009

The average housing price in Shanghai rose to a historical new high in August, according to the National Business Daily. Xue Jianxiong, an analyst from housing consultancy company E-house China, said the average housing price was driven up by the soaring trading volume of luxury apartments. The trading volume of high-end apartments, which have prices hi...

China manufacturing gains strength despite share gloomSep 1, 2009

China's vast manufacturing sector kept up its steady recovery last month, ignoring the gloom engulfing the Shanghai stock market, a pair of surveys showed on Tuesday. The two indexes, compiled from polls of executives charged with purchasing materials, rose to a 16-month high as companies continued to benefit from the stimulus imparted by a 4 trillion yu...

Job-hunting graduates prefer State-owned to foreign companiesAug 31, 2009

More Chinese graduates prefer to work for a State-owned company than for a foreign-owned enterprise, according to a new survey. The findings were based on surveys of 21,000 graduating college students across China by the human resources company www.chinahr.com . It is the first time in seven years that Chinese companies came out on top. Foreign compa...

Energy firms find wind at their backAug 31, 2009

China's emphasis on wind energy is creating a new source of green for many American companies, as the country's wind capacity continues to advance with gale-force strength. In recent years, China has blown past its own ambitious goals for wind energy development, making it the fourth-largest wind power producer, behind the US, Germany and Spain. In 20...

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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.

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Qingdao Saint Voyage Log

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