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U.S. stocks plunged on Tuesday with all major indexes dropping more than 4 percent as investors were disappointed that the new Financial Stability Plan did not offer more details on buying toxic assets. Dow Jones Index shed more than 380 points, led by plunging financial shares. FINANCIAL STABILITY PLAN U.S. Treasury Secretary Timothy Geithner...
U.S. Senate Tuesday approved President Barack Obama's massive stimulus package, which was designed to revive the sagging American economy. The vote was 61-37. Lawmakers had to resolve differences between the Senate 838-billion-dollar bill and an 819-billion- version of the legislation approved last week by the House. Once a final bill is crafted a...
China's Ministry of Commerce (MOC) Monday expressed "serious concerns" over India's intensive trade probes in hopes to avoid substantial impacts on bilateral trade. The statement came after MOC deputy minister Zhong Shan's meeting with Indian ambassador to China Nirupama Rao on the issue. China hoped that India could show prudence and restraint in u...
This year would likely be a tough one for ship building in China with orders down around 50 percent, as the global financial crisis has bitten into the industry, China Association of National Shipbuilding Industry said on Monday. It predicted that orders would shrink by 48.4 percent to 65.6 percent year-on-year in 2009. Weak demand would reduce ne...
China will establish 250,000 rural retail stores by next year to create 775,000 jobs for migrant workers who have lost their jobs as a result of the global economic crisis, a Ministry of Commerce official said Monday. Vice Commerce Minister Jiang Zengwei said this year the ministry would set up 150,000 stores. This and the building of ancillary service...
Vice Premier Zhang Dejiang has urged China's industries to shift their focus from quantity to quality. Zhang made the remark during an inspection tour in the northern Hebei Province from Feb. 6 to Feb. 9. He visited steel, textile, high-tech and pharmaceutical enterprises. He called for further industrial rationalization to achieve consistent, sust...
Capital invested in Asian hedge funds continued to fall in the fourth quarter of 2008, according to data released on Monday by Chicago-based Hedge Fund Research. Asian hedge fund industry declined by nearly 16 billion U.S. dollars to just over 71 billion dollars, extending the trend of losses and withdrawals that characterized most of 2008. Assets...
Capital invested in Asian hedge funds continued to fall in the fourth quarter of 2008, according to data released on Monday by Chicago-based Hedge Fund Research. Asian hedge fund industry declined by nearly 16 billion U.S. dollars to just over 71 billion dollars, extending the trend of losses and withdrawals that characterized most of ...
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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