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Wall Street suffered steep losses Monday, as investors cashed in some of their gains from the big rally in the previous week and key economic reports showed economic slowdown. Retail sales data failed to boost the market. According to preliminary calculation by RCT ShopperTrak, a research firm that tracks total retail sales at more than 50,000 outlets...
Crude oil lost more than 9 percent to close below 50 U.S. dollars a barrel Monday after OPEC deferred decision on further production cut to its next meeting later this month. Light, sweet crude for January delivery fell 5.15 dollars to settle at 49.28 dollars a barrel on the New York Mercantile Exchange, which is the lowest settlement price since May ...
The Organization of Petroleum Exporting Countries (OPEC) said Monday that it is ready to cut production by good amount at coming ministerial meeting in Algeria, Iran's Energy and Oil Information Network (SHANA) reported. OPEC Secretary General Abdalla Salem El-Badri made the remarks to SHANA on the sideline of the 13th International Oil and Gas Confer...
China's export volume is expected to achieve a growth rate of about 15 percent next year despite the impact of the financial crisis and global economic downturn, a trade expert with the Ministry of Commerce has said. It is true that coastal provinces such as Guangdong have been facing much pressure as global demand for traditional commodities has weake...
China's export volume is expected to achieve a growth rate of around 15 percent in 2009 despite the impact of the financial crisis and global economic downturn, a trade expert with the Ministry of Commerce (MOC) has said. It is true that coastal provinces such as Guangdong have been facing much pressure as global demand for traditional commodities has...
South Korea's three major discount retailers, E-Mart, Home Plus and Lotte Mart, will resume sales of U.S. beef on Thanksgiving Day in Seoul, the U.S. Meat Export Federation said Tuesday. The retail chains issued a joint press release announcing the decision and explaining that it is due in part to Korea's slow economy. The companies said that...
The Organization for Economic Cooperation and Development issued a statement Wednesday affirming a commitment by its members to open trade and investment markets as well as a continuation of aid to developing countries. At a meeting of the group's executive committee in special session, the 30 country OECD members issued a statement which exp...
The U.S. Export-Import Bank said it will enhance several of its trade finance products to help counter tightening credit and help exporters. These actions help maintain the flow of U.S. exports to international buyers and keep U.S. export workers on the job, said James H. Lambright, chairman and president of Ex-Im Bank, in a statement. We 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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