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A new agreement that would see increased production of gas for export and local consumption has been reached between Nigeria and the United States Government, reported the Punch newspaper Friday. This is contained in a statement from the United States Embassy in Abuja on Thursday, noting that the agreement focused on production and delivery of natural...
South China's Guangxi Zhuang Autonomous Region plans to turn its Bose City into an aluminum industrial base in the country or even in Asia by 2010, according to regional government officials. The region plans to realize an annual output value of 100 billion yuan (about 14.7 billion U.S. dollars) from the aluminum industry in Bose by 2010, local offici...
Most of the domestic Chinese banks are starting to charge service fees, the Yangtse Evening Post reports. From October 8, 2008, the Shanghai Pudong Development Bank will charge debit card users a service fee for transfers or SMS notifications. These services were originally provided to customers for free. Since September 1, 2008, the Bank of Commu...
Ping An Insurance (Group) Company of China, Ltd. said on Sunday evening that it plans to make provisions for impairment in its investment in Fortis shares. Sheng Ruisheng, spokesman for Ping An, said that the losses of 15.7 billion yuan (about 2.31 billion US dollars) in book value as of the end of September will be reflected in its third quarter repo...
China's securities regulator announced Sunday that it will soon launch margin trading business for securities firms, which has long been expected by the market. The business, allowing traders to borrow part of the money necessary to buy a security or borrow security to sell, and practiced in most bourses across the world, would change the current one-...
China's Ministry of Agriculture (MOA) warned on Saturday that the country's late rice production areas should be alert to the cold dew wind that may affect crop harvests in the following days. China Meteorological Administration (CMA) forecasted a temperature drop to the tune of 4 to 6 degrees centigrade in some central and eastern provinces. The CMA ...
Airbus Chief Executive Officer Thomas Enders said on Saturday, he plans to expand his company's manufacturing and engineering projects throughout the world. Currently, 65 percent of Airbus' planes are sold in the Europe. Enders said the company must broaden its market to ensure success. Those future markets include Asia. China showed robust growth...
U.S. stocks climbed Friday, as financial stocks rallied in the last hour of the session on speculation that U.S. Congress will agree on the government's rescue plan over the weekend. Bank of America and JPMorgan Chase led the rally. Stocks tumbled in early trading, as the bailout plan fell through and Washington Mutual Inc., one of the U.S. largest ba...
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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