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The U.S. International Trade Commission (USITC) decided Thursday to maintain the existing antidumping duty orders on carbon steel butt-weld pipe fittings from China and some other markets. Revoking the current antidumping duty orders on these pipe fittings from China, China's Taiwan, Brazil, Japan and Thailand would likely lead to continuation or recurre...
Bangladesh's overall trade deficit in the first seven months of the current 2010-11 fiscal year (July 2010- June 2011) widened to over 4.273 billion U.S. dollars, official statistics showed on Sunday. Statistics of the Bangladesh Bank (BB) showed that the country exported 12.214 billion U.S. dollars of goods while it imported items worth 16.487 billion U...
The U.S. dollar rose against major currencies in late New York trading on Friday as Portugal's credit rating was downgraded and U.S. economic growth was quicker than estimated in the fourth quarter of 2010. The rating agency Standard & Poor's cut Portugal's long-term sovereign credit rating to BBB from A- on Friday, following the country's parliam...
China's Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) would close for trading for the incoming Tomb Sweeping Day that falls on April 5. The SSE will close from April 3 (Sunday) to April 5 (Tuesday) and open for trading on April 6 (Wednesday). It will also close on the weekend on April 2 (Saturday), according to a statement on its websi...
Hong Kong's Association of Banks announced Sunday the 16 Hong Kong distributing banks of the so-called "minibonds" issued by Lehman Brothers agreed on a final resolution to buy back the products. According to association Chairman He Guangbei, with the newly- added ex-Gratia Payment, eligible investors could have up to 96.5 percent of their initial invest...
Profits for China's biggest industrial companies rose 34.3 percent year to year to reach 645.5 billion yuan (about 97.8 billion U.S. dollars) in the first two months this year, the National Bureau of Statistics (NBS) said Sunday. The combined revenues of these industrial companies climbed 31 percent from last year to reach 10.7 trillion yuan in the Janua...
TRADE between Heilongjiang province, a northeastern China province, and Russia, valued US$570 million in January, increasing 15.7 per cent year on year, accounting for 10.2 per cent of the Sino-Russian trade, Xinhua reports. Exports from Heilongjiang to Russia valued $350 million, up 35.8 per cent. Import value grew 58 per cent to $220 million. Last y...
The Kazakh government has ruled out further increases in its oil export duty in the near future. Minister of Economic Development and Trade Zhanar Aitzhanova said in Astana Thursday the issue was not on the agenda, given the government had doubled the duty at the start of the year. "Some countries apply the export duty only, while we apply both the cust...
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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