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China National Petroleum Corporation (CNPC) has signed an agreement with Costa Rica's Refinadora Costarricense de Petroleo (Recope) on a joint venture to upgrade a Costa Rica's oil refinery, CNPC announced on Wednesday. The deal was signed on Tuesday (Beijing Time) in San Jose, capital of the Central American nation, during Chinese President Hu J...
Chinese firms with a stock market listing in the European Union (EU) can continue filing accounts under home rules during a transition period from 2009 to 2011, said the Ministry of Finance on Wednesday. It was the first time that Chinese accounting rules were accepted by the international capital market after the EU's decision. Source: Xinhua ...
Cai Zhaokai, who works in the foreign trade office under the Chang'an township of Dongguan City in Guangdong Province, has been visiting three or four enterprises a day with his colleagues to learn how local companies are coping with the global financial crisis. We are being asked to go to grassroots enterprises as much as possible to learn their diff...
Russia could reduce oil export duty by 33% to $192.1 per ton from December 1, the Russian Finance Ministry said Saturday according to RIA Novosti. The average price for Urals crude on world markets in the monitoring period from October 15 to November 14 inclusive was $59.35 per barrel. Proceeding from the price, the duty rate should be at the level o...
China's oil imports will account for almost 75 percent of its total oil consumption by 2030, according to the International Energy Agency (IEA). The Paris-based adviser to 28 oil-consuming nations also predicted that primary world energy demand would grow by 1.6 percent annually between 2006 and 2030 with a total increase of 45 percent. China and ...
China's chances of gaining greater influence at the upcoming iron ore price negotiations are slim, despite the increased demand expected to result from the nation's 4-trillion yuan economic stimulus package, experts said. Rio Tinto, the world's second-largest iron ore producer, said on Oct 10 it would cut its output by 10 percent due to shrinking deman...
China Mobile Ltd, the world's biggest phone company by market value, will be rational and not aggressive in making overseas acquisitions, Chairman Wang Jianzhou said. Emerging-market phone asset prices are inexpensive providing little incentive for owners to sell, Wang told reporters in Macao yesterday. The Beijing-based company doesn't have an acquisi...
Internet search company Baidu.com Inc Tuesday apologized for accepting money from unlicensed medical companies for top search slots. Baidu confirmed in a statement that some websites did use the page-rank bid service to promote false medical information, which was first spotted by China Central Television over the weekend. The company said it was al...
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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