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The first batch of Hong Kong government bonds will be issued in the third quarter this year upon lawmaker's approval, an official said on Monday. Acting secretary for Hong Kong Financial Services and the Treasury Julia Leung said the government will move the two resolutions related to its bond program in the Legislative Council on May 20. Leung said th...
Finance ministers from the eurozone countries said on Monday that there is no need for additional stimulus packages even though the combined economy of the 16-nation bloc was forecast to be in a deeper recession. All ministers in the eurogroup, including the European Central Bank, agree that the fiscal efforts launched by the eurozone countries should be ...
The economy is likely to expand 7 percent in the second quarter - up from the first quarter's 6.1 percent - even as it confronts the painful prospect of shedding industrial overcapacity, a top government think tank said Monday. Economic growth will pick up in the second quarter as the government's stimulus measures gradually take effect, the State Infor...
Japanese carmaker Mazda Motor Corp said Thursday it raised its stake in a joint venture with China's FAW Group Corp to boost sales in the world's biggest vehicle market. Mazda has spent 49.5 million yuan ($7.25 million) increasing its holding in the sales tie-up, FAW Mazda Motor Sales Co Ltd, from 25 percent to 40 percent, it said in a statement to Chin...
The yuan is likely to trade within a narrow range against the United States dollar until there are clear signs of an economic recovery in the US, analysts said. The Chinese currency edged up against the greenback and ended at 6.8250 last Thursday before the market shut for the May Day holiday, according to the China Foreign Exchange Trade System. The ...
Kirk John-Williams registered a cosmetics trading company in China only three months ago. Although the world economy has been affected by the financial crisis, the Trinidad and Tobago businessman is confident in the Chinese consuming market. The financial crisis won't have too much impact on Chinese consuming market. The upper class may have been affec...
China plans to finish 100 gigawatts of wind power capacity by 2020 and expand its renewable energy consumption to 40 percent of the energy market by 2050. The goal for wind power capacity was more than three times of the 30 gigawatts target that the government set 18 months ago, Monday's China Daily reported. China will also become the biggest growth m...
Shrinking profitability didn't stop China's top three State-controlled banks from going on a lending spree in the first three months of 2009. The result was dismal first quarter profit in those banks. Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, was the only one of the three able to post net profit growth in...
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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