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The oil price would continue its downslide and would probably reach the level of 25 dollars a barrel, analysts was quoted as saying by local media of Los Angeles on Tuesday. I don't think the downside is over, Phil Flynn, vice president and senior market analyst for the Chicago-based Alaron Trading Corp, told the Los Angeles Times. There is a lot of s...
The European Union (EU) is willing to work with incoming U.S. President Barack Obama for a common response to the economic crisis, the European Commission President Jose Manuel Barroso said on Tuesday. If we agree at European level this week, why not have a joint program with America? This could be a good objective, Barroso told a press conference two...
Crude futures retreated Tuesday after the U.S. government forecast the world economic slowdown would shrink global oil consumption. The U.S. Energy Information Administration (EIA) said in its monthly energy outlook it expected global oil demand to fall by 50, 000 barrels per day in 2008 and 450,000 barrels in 2009. If the projections prove true...
Recently, Founder Electronics filed a lawsuit against Proctor and Gamble (Guangzhou), claiming that the latter used Founder fonts on the exterior packaging of its products, including Rejoice shampoo, without the authorization of Founder Electronics, thereby violating the Copyright Law of the People’s Republic of China. At present the case has already been...
China's screw and fastener exporters are concerned that they face anti-dumping duties of up to 87 percent in the markets of the European Union (EU) and might set internal price controls to avert European action, an industry expert said on Sunday. Anti-dumping moves in the EU would aggregate the plight of the Chinese exporters, whose orders have fallen...
Experts have urged the government to spend more money out of its $586-billion economic stimulus package on health, housing, social insurance and education sectors to increase domestic demand. The issue may be discussed at the Central Economic Conference, which begins today in Beijing, Dong Xian'an, a macroeconomic analyst with China Southwest Securitie...
China on Friday exported its first batch of cooked poultry meat to the European Union (EU) after the lifting of a six-year ban, the Ministry of Commerce said in a statement. Shandong Zhucheng Foreign Trade Co. Ltd. in the eastern province of Shandong shipped 60 tons of cooked chicken meat, or 10percent of its export deal, from Qingdao to Antwerp...
The World Trade Organization (WTO) on Saturday issued revised texts for negotiations on agricultural trade and non-agricultural market access (NAMA), paving the way for a possible ministerial meeting. These texts, the fourth revisions of negotiating documents first submitted to members in July 2007, are the outcome of latest discussions in negotiation...
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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