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The U.S. largest automaker General Motors Corp. is expected to announce Monday its decision to kill the Pontiac brand as part of a tougher restructuring plan being overseen by the government, reports from Detroit said Saturday. GM has started reaching out to Pontiac dealers ahead of a public announcement about the brand's future, when the automaker likel...
Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said Saturday that economic recovery partially relies on confidence. Part of the rebound, part of the recovery relies on confidence, and it's absolutely normal that governments all over the world will try to rebuild confidence in looking at the upper part of the range rat...
China's central government will arrange 70 billion yuan (10.3 billion U.S. dollars) for its third batch of stimulus investment, according to a Beijing-based newspaper citing an unidentified economic planning official. The new investment would fall short of the amount for previous ones and market expectations of a larger amount of investments than the fir...
The Porsche and Piech families plan to sell their main car assets to Volkswagen (VW) under a plan that would tighten the Porsche group's grip on Europe's biggest car maker, according to two people familiar with the matter. The families, which control at least 51 percent of Wolfsburg, Germany-based VW, intended to sell the Austrian Por...
Wal-Mart China headquartered in south China's Shenzhen City has agreed to revise a plan on payroll cut involving 2,000 mid-level managers in its outlets nationwide, after a trade union stepped in to mediate, a union official said here Thursday. The company will give a one-off reward of 3,000 yuan (440 U.S. dollars) to those who agree to be transferre...
A Chinese trade delegation is leaving Thursday for the United States to explore trade and investment opportunities, close on the heels of a similar mission to Europe in February, according to sources. The team will visit San Francisco, Washington and Chicago from today to May 1st, according to an initial schedule of the mission seen by China Daily. ...
Australian Treasurer Wayne Swan announced on Thursday the approval of a revised application by China Minmetals Corporation to acquire certain mining assets of Australia's OZ Minerals. Minmetals' revised proposal is for Golden Grove, Century, Rosebery, Avebury and Dugald River mining operations in Australia, Swan said in a statement, adding that the a...
Private businesses in Shanghai reported export value of 1.43 billion U.S. dollars in March, a growth of 64.8 percent on the previous month, the local customs house said Thursday. Though the March export value was 2.2 percent below the year-earlier level, the decline rate was 30.1 percentage points lower than the February level. The local custo...
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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