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The drop in U.S. housing prices accelerated in the third quarter as the country's economy contracted at a faster pace than previously estimated, according to data released Tuesday. The decline in the S&P/Case-Shiller U.S. National Home Price Index remained in double digits, posting a record 16.6 percent fall in the third quarter of 2008 compared with t...
Shanghai aims to attract investments of 200 billion yuan (US$29.4 billion) into developing an advanced manufacturing industry, a government official said on Tuesday. The move to attract a higher investment amount signaled a fresh government effort to help the city's core industry to maintain a rapid growth amid the current global financial crisis. The ...
The prices of gold futures on the COMEX Division of the New York Mercantile Exchange closed lower on Wednesday due to profit taking and Dollar rebound. Silver and platinum also went down. Gold price for February delivery dropped 9.20 dollars, or 1.1 percent, to 811.30 dollars an ounce. March silver fell 3.6 cents to 10.269 dollars per ounce. January pl...
The inaugural Hong Kong International Tea Fair will take place on Aug. 13-15, 2009, the Chinese Tea Culture International Exchange Association announced in Hong Kong Tuesday. The fair, which will be held alongside the annual Food Expo, is being co-organized by the Hong Kong Trade Development Council, said Yang Sunxi, president of the association, at t...
Chinese exporters warned Monday that a possible decision made by the European Union (EU) to impose anti-dumping duties on Chinese-made fasteners will hurt both sides and may fuel tensions between the two trading powers. BOTH SIDES LOSE The duties will not only deny Chinese exporters the access to the EU market, but also increase costs for European...
Qinhuangdao coal prices have fallen 25 percent in two weeks as coal miners call for a coalition to cut production. Coal prices in Qinhuangdao port, China's largest coal port, dropped by 25 percent over the past two weeks. Analysts are warning coal producers to cut production in case the decline in demand drives the coal price down still further, accord...
Russia's energy negotiators have started week-long talks with Chinese representatives in a bid to achieve consensus on loans-for-oil deals between the two countries. The parties attending the negotiation, Russian Rosneft and Transneft, have resumed talks on loans for the delivery of Russian oil to China with China National Petroleum Company (CNPC), Chi...
China's annual economic growth is expected to slow to 7.5 percent next year, but the country has adequate tools to keep the economy going at a healthy level, according to the latest World Bank quarterly report on China. The first half of next year would be the most difficult for the Chinese economy, said Louis Kuijs, senior economist of the World Bank ...
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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