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Peru and Mexico Wednesday signed a free trade agreement aimed at providing tax benefits to boost bilateral trade. Speaking at the signing ceremony, Peruvian President Alan Garcia praised the deal as "a preliminary step toward a larger agreement," referring to the intention of including Chile and Colombia in the deal. "It will be a profound integration o...
Japan's foreign exchange reserves rose to 1,116.03 billion U.S. dollars at the end of March, the Ministry of Finance said Thursday, following Tokyo intervening into currency markets to stem the yen's rapid rise. According to the ministry, the latest figure for Japan's foreign exchange reserves marked the first month-on-month expansion in five months, h...
China's major investments in South America are encouraging the European Union (EU) to try to wrap up a trade agreement with the Common Market of the South (Mercosur), head of the EU delegation in Argentina said Wednesday. "In a globalized and competitive world, all parties have to do what is needed in order not to lose market share," Alfonso Diez Torres ...
World exports in real terms surged by 14.5 percent 2010, reclaiming the ground it lost during the financial crisis, however there were clouds over future growth, the Geneva-based World Trade Organization (WTO) said in its annual world trade report, issued Wednesday. "World trade bounced back strongly in 2010," WTO Director-General Pascal Lamy told the med...
France's trade deficit increased for the fourth consecutive month in February while reaching a record-high 6.55 billion euros (9.36 billion U.S. dollars), the government said Thursday. The February figure exceeded the previous record of 6.35 billion euros (9.07 billion dollars) in October 2008. In January, the trade deficit stood at 6.12 billion euros (8...
China Eastern Airlines will boost its global market competitiveness to raise its international reputation, the carrier's chairman announced on Wednesday in New York. Liu Shaoyong, chairman of China Eastern Airlines Company Limited, one of the country's three major state-owned carriers, made the remarks during a keynote speech at the China Business Initi...
China and India, Asia's two fastest-growing economies, are seeking to invest in coal assets in South Africa. The countries are set on diversifying supplies after disruptions in output from Australia and Indonesia, said Universal Coal Ltd. "China gets most of its coal from Australia, but because of the floods in Queensland, you'll need time and money t...
China's Irico Display said on Wednesday it plans to raise 6 billion yuan ($917.5 million) in a private placement to increase its production of liquid crystal display panels (LCD) and high-tech light-emitting diodes (LED). Irico plans to issue no more than 430 million new shares at a minimum price of 14.30 yuan and the total amount raised would not excee...
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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