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Crude prices moved lower Friday, after negotiation over the U.S. government's financial rescue plan stalled in Congress. The setback of the 700 billion U.S. dollars bailout plan unnerved investors. A group of House Republicans refused to support the proposed rescue plan by Treasury Secretary Henry Paulson Thursday, not long after key lawmakers of both...
The Indonesian Chamber of Commerce and Industry (KADIN) said that the country's income tax is not attractive for foreign investment, according to local media Saturday. Basically, tax incentives were not as attractive as the government's upholding law enforcement, friendly tax system and sufficient infrastructure, the Bisnis Indonesia daily quoted Comm...
China Telecommunications Corporation (Telecom Group) said on Saturday it would invest 80 billion yuan (11.69 billion U.S. Dollars) to upgrade its newly acquired CDMA network. Starting Oct. 1, Telecom Group takes over the network, which was transferred from China United Communications Corporation (Unicom Group), parent company of the wireless service p...
Airbus Chief Executive Officer Thomas Enders said here 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 g...
China Petrochemical Corp., or Sinopec Group, on Saturday confirmed it has signed a deal to buy Canada's Tanganyika Oil Co. Ltd. for 2.07 billion Canadian dollars(2 billion U.S. dollars, or 13.7 billion yuan). According to an agreement signed between the two companies, the Chinese refiner has agreed to pay 31.50 Canadian dollars per share. The price re...
Global investors put Shanghai on top of most attractive global cities over the next three years, as they showed high confidence in the future of emerging cities, according to a survey published here on Friday during the sessionsof the Summer Davos. The booming financial hub of China was followed by other emerging cities including Beijing, Mumbai, Mosc...
Standard Chartered Bank (China) Ltd. on Friday signed a Strategic Cooperation Agreement with China Communications Construction Company Ltd. (CCCC), the country's top port, road and bridge construction and design enterprise to provide financial services. Source: Xinhua
A new hydropower plant started generating electricity in southwest China's Tibet Autonomous Region on Friday. The Xoka Hydropower Station, in Gongbo'gyamda County in east Tibet's Nyingchi Prefecture, has four generating units each with a capacity of 10,000 kw, said Wang Lidong, director of the station's construction headquarters under the Tibet Power ...
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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