Media
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Rackable Systems, a California-based provider of servers and storage products, on Wednesday agreed to pay 25 million U.S. dollars in cash to acquire most assets of Silicon Graphics, a former Silicon Valley star company. The combined businesses will provide customers with market leading hardware and software technology as well as forming a stronger globa...
A man looks at SVA products in a store in Zhengzhou, Henan province. Shanghai: The local government has decided to invest 1 billion yuan ($146 million) to bail out the debt-laden electronics giant SVA Group, one of the largest State-owned companies in the city, according to recent media reports. The firm may post 1.8 billion yuan in losses for 2008, and...
German industrial conglomerate - Siemens AG - confirmed Tuesday that a contract to supply China with 100 high speed trains has been signed, The Time Weekly reports. According to the company's press spokesman Ulendorff, these 100 high speed trains will be jointly produced in factories of Nurnberg and Krefeld in Germany, and also in factories in Austria an...
Commerce minister: Disapproval of Coca Cola-Huiyuan deal doesn't signal change in China's investment policy Coca-Cola, juice maker Huiyuan both respect Chinese gov't rejection of purchase bid Ministry of Commerce discloses details of failed Coca-Cola deal China's first anti-monopoly law takes effect A Chinese legislation expert called for more...
Despite the world economic crisis, no Chinese air carrier has cancelled orders with Airbus, Laurence Barron President of Airbus China, confirmed on March 30 in Beijing. But Barron acknowledged that some Chinese air carriers have asked France-based Airbus to postpone delivering aircraft, Reuters reported. Barron made these comments at a ceremony held by Ai...
Shekou Container Terminals (SCT) recently welcomed a new service CKX1 (China Korea Express 1), providing fast service for the trade between China and Korea. Launched by Shanghai Puhai Shipping (Hong Kong) Co., Ltd, (PHL), CKX1 calls SCT every Thursday with port rotation as: Inchon - Daesan - Shantou - Hong Kong - Shekou - Shantou - Xiamen. &nb...
The International Monetary Fund (IMF) said Wednesday it will launch a donor-supported trust fund to finance technical assistance in the global fight against money laundering and terrorism financing. The fund will start operations on May 1 this year, and provide about 31 million U.S. dollars over five years to help strengthen efforts to combat the crimes...
Rackable Systems, a California-based provider of servers and storage products, on Wednesday agreed to pay 25 million U.S. dollars in cash to acquire most assets of Silicon Graphics, a former Silicon Valley star company. The combined businesses will provide customers with market leading hardware and software technology as well as forming a stronger globa...
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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