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The London Metal Exchange (LME) achieved another record year in 2008 with over 113 million lots traded, representing a year-on-year increase of nearly 22 percent. This was the fourth consecutive year of record volumes for the Exchange, up from the 93 million lots traded in 2007, which itself was an increase of 7 percent on 2006. The turnover in 2008 r...
The European Commission said on Monday that the changeover to the euro in Slovakia is taking place smoothly. By the end of Saturday some 27 percent of payments in shops were made in euro and virtually all customers were getting their change in the single currency, according to the European Union (EU)'s executive arm. The changeover is progressing ...
International investment banks may be preparing to sell their stakes in Chinese mainland banks after the government mandated lockup periods expire to shore up their depleted capital resources, said analysts. Investment banks may be in immediate need of capital, forcing them to sell shares in Chinese mainland banks as soon as it is legally permitted. Th...
China has made the lists of limited and prohibited categories of processing trade shorter as part of the country's efforts to mitigate the negative impacts of the global financial crisis and maintain the steady growth of its foreign trade. The adjustment is stated in a joint pronouncement by the Ministry of Commerce and the General Administration of C...
The global economic downturn had cooled off the retail sales in Hong Kong, a free port known for its convenience for shopping. The value of total retail sales in the cosmopolis moved up only1.1 percent over a year earlier to provisionally estimated 20.5 billion HK dollars (2.65 billion U.S. dollars) in November, revealed the Census and Statistics...
The value of total retail sales of Hong Kong in November, provisionally estimated at 20.5 billion HK dollars (2.65 billion U.S. dollars), went up 1.1 percent over a year earlier, official figures released Friday indicated. After netting out the effect of price changes over the same period, the volume of total retail sales fell 2.8 percent over a year ...
Macao's trade deficit for the first 11 months of 2008 reached 24.57 billion patacas (3.1 billion U.S. dollars), according to the figures released on Friday by the city's Statistics and Census Service (DSEC). The figures showed that total exports of goods fell by 18.7 percent year-on-year to 15.12 billion patacas (191 million dollars)between January an...
The Yiwu international trade market where more than 60,000 shops sell accessories, ornaments and toys reported 49.2 billion yuan (7.2 billion U.S. dollars) in sales in 2008, up 6.83 percent year on year. Dubbed as the world accessory market, Yiwu does business with 200 countries and territories. More than 1.7 million varieties of small commodities are...
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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