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South Korean low-income households with poor credit ratings are increasing their lending from the non- banking sector such as credit card, leasing companies and savings banks, the Korea Times reported Thursday. As of the end of June, households' total debt owed to the non- banking firms gained 15 percent from a year earlier to 238.3 trillion won (248....
Brazil's Central Bank Wednesday announced two measures to increase market liquidity and to shield the country from the current international financial turmoil. According to the new regulation changes, a total of 13.2 billion reais (7.2 billion U.S. dollars) will be injected in the country's economy. The first measure was to postpone a scheduled ri...
Global foreign direct investment ( FDI) flows are expected to reach 1.6 trillion U.S. dollars this year, representing a 10 percent decline from the record level in 2007, a UN report said on Wednesday. Global FDI inflows rose in 2007 by 30 percent to reach an all- time high of 1.83 trillion U.S. dollars, said the annual World Investment Report, which w...
China will carry out its second economic census between October and December, which will give the government a deeper insight into how the economy is impacted by the global financial turmoil. The census, conducted every five years since 2004, will help form the basis of the nation's social and economic development blueprint during the 12th Five-Year P...
China remains the most attractive destination for foreign direct investment (FDI) in the developing world despite the global financial crisis, says a UN report, released Wednesday. But this year FDIs across the world will drop 10 percent from the record high of last year because major companies have scaled back their investment plans, the report says. ...
China's southwestern Sichuan Province is to host the first international investment and trade fair from Oct. 27 to 31 since it was hit by an 8-magnitude earthquake last May. A total of 208 companies from 13 countries and regions, including the United States, Britain, Germany, France, Thailand, the Republic of Korea and Malaysia, will participate in th...
Hong Kong recorded a surplus of 10.3 billion HK dollars (1.3 billion U.S. dollars) in its balance of payment account in the second quarter, the Hong Kong Special Administrative Region (HKSAR) government said Monday. The surplus was about equal to 2.5 percent of its gross domestic product and lower than the first quarter's 55 billion HK dollars. Of...
When Wuhan Iron and Steel, the nation's fourth largest Iron and steel producer, decided to form a joint venture with Guangxi Liuzhou iron and Steel in 2005, even the most pessimistic observers didn't think that it would take three years for the decision to become a reality. On September 3, 2008, the two steelmakers finally formalized their joint v...
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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