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Lenovo Group, the world's fourth largest personal computer (PC) maker, reported a net loss of $16.01 million, or 0.18 cents per share, for its fiscal first quarter ending June 30. Its revenue went from $4.21 billion to $3.46 billion during the period, falling 17.9 percent. The PC maker said its global personal computer shipments rose 1.1 percent year-o...
Chinese equities fell for the second consecutive day to close at 3356.33 points, 72.17 points or 2.11 percent lower, on Thursday, led by weakening coal, steel and financial stocks. The benchmark Shanghai Composite Index down 2.11 percent, or 72.17 points, to finish at 3,356.33. The Shenzhen Component Index slide 2.08 percent, or 286.97 points, to e...
Baosteel, the country's largest steel mill, announced Wednesday it placed third on the "World's Top Steel Makers" list recently released by World Steel Dynamics, the world's leading steel information service, Xinhua reported today. The list is reportedly based on company criteria such as manufacturing scale, assets, sales, management and technology. Th...
China has plans to lower tariffs on the import of luxury goods, including cosmetics and luxury watches, as part of its efforts to spur domestic consumption on high-end products, Jiang Zengwei, vice Minister of Commerce, said in an article published in today's People's Daily. The move also aims to boost sales revenue of luxury goods in the Chinese market...
Hong Kong stocks reversed slight morning losses in the afternoon to close at 20,899.24 on Thursday, up 404.47 points, or 1.97 percent. Turnover rose to HK$88.45 billion ($11.34 billion) from Wednesday's HK$84.09 billion. Source: China Daily
The central bank has reiterated its commitment to stick to the "moderately loose" monetary policy that, according to it, has helped spur economic growth and revive the stock and property markets. "In the period ahead, the People's Bank of China (PBOC) will unswervingly implement the appropriately loose monetary policy while fine-tuning policy with market...
The chief public utility official in Chifeng city, north China's Inner Mongolia autonomous region, was fired Tuesday over a tap water-pollution incident that sickened more than 4,000 residents last week. The Chifeng municipal committee of the Communist Party of China (CPC) held a meeting Tuesday to remove the official, Guo Mingda, as the Party chief of t...
As many as 2 million new stock-trading accounts were opened in July, up from 1.63 million in June, the Shanghai Securities News reported today. That is the most opened in a month this year, and is the highest on record in a month since Febrary 2008. As of the end of last week, there were 132.99 million total stock-trading accounts on China's two trading ...
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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