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U.S. crude oil price rebounded sharply on Thursday as supply concerns and higher demand expectation lifted the market. The unrest in the oil-rich Middle East continued on Thursday, with clashes in Libya shutting down almost all its crude output of 1.6 million barrels per day. Markets analysts said, since Bahrain lies less than 100 km from the hub of the...
While Japan reels from the double whammy of a major tsunami and an earthquake that set off a nuclear reactor crisis, it is unlikely to derail the global economic recovery. That is because Japan, unlike some other Asian countries, has not been an engine driving global growth for many years, a factor that is likely to blunt the impact on the United States, ...
China National Nuclear Corp (CNNC), the nation's largest atomic plant operator, may issue a record amount of bonds to finance expansion, even as Japan battles to prevent a reactor meltdown, according to its top official. "The nuclear accident won't have any serious impact on China's nuclear industry and we won't alter our long-term development plans,...
China's quality authority warned buyers on Wednesday against a defect in Ford's Windstar minivans which may cause drivers to lose control of the vehicle. Li Yuanping, a spokesperson for the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), said that Ford China submitted a report to the AQSIQ requesting the recall of the 1...
The number of U.S. people initially applying for unemployment aid last week dropped, the third decline in the past four weeks, the U.S. Labor Department said Thursday. The Labor Department said that the advance figure for seasonally adjusted initial claims for jobless benefits was 385, 000 in the week ending March 12, a decrease of 16,000 from the prior w...
Malaysian exports under the China-ASEAN Free Trade Agreement (CAFTA), which came into full implementation on Jan. 1, 2010, have been on the rise over the past few years. Tay Lee Looi, senior director of the FTA Policy and Negotiations Coordination Department of Malaysia's International Trade and Industry Ministry, made the remarks in Kuala Lumpur during ...
Hong Kong's total exports of goods rose 20.7 percent year on year in January, and the re- exports of goods grew 21.4 percent, the authority announced here on Thursday. The Census & Statistics Department of Hong Kong said the volume of imports increased 12.5 percent in January on a year-to-year basis, while the domestic exports fell 3.8 percent. Com...
The Chinese securities regulator said here on Thursday that it had approved lead futures contracts designed by the Shanghai Futures Exchange. The exact time to launch the trading is yet to be decided by the Shanghai Futures Exchange, according to a statement by the China Securities Regulatory Commission (CSRC). Shanghai Futures Exchange now does futures...
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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