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China Oilfield Services Ltd. (COSL) announced on Tuesday that it had completed acquisition of Norway's Awilco Offshore ASA (AWO) for 17.1 billion yuan (2.51 billion U.S. dollars). After the acquisition, the AWO will be merged into COSL Norweigian AS, a wholly-owned subsidiary of COSL. COSL has sent a team to Norway for handling the merger, said the CO...
South Korea's telecommunications company, LG, said Tuesday it will be investing 50 million U.S. dollars in the Eastern Africa region to gain a foothold for their premium mobile phone handsets. The LG Nairobi Liaison Office General Manager Byung Su Lee said the money will be used to import the company's range of premium mobile handsets, create awarenes...
WPP Group, the world's second- largest advertising company, won conditional approval from the European Union (EU) on Tuesday to buy market research company Taylor Nelson Sofres (TNS). The European Commission, the EU's antitrust watchdog, said in a statement that its approval was conditional upon WPP's commitment to divest Television Audience Measureme...
The growth of China's exports to the United States slowed in the first seven months of this year with the worsening US subprime crisis and continual appreciation of the yuan against the US dollar, China Customs said in a report released on Monday. The latest statistics released by the General Administration of Customs showed the bilateral trade volume ...
For Guo Jian, chairman of Yufu Group, a medium-sized woolen sweater exporter in Jiangsu province, the business environment has become harsher than ever as the global economy weakens. Now he has to figure out how to cut costs and add value to his products to cope with the challenge. Despite the almost 20-percent rise in the value of yuan since July 2005...
Shenzhen-based China Security and Surveillance Technology (CSST) has been approved to list on the Dubai International Financial Exchange (DIFX), the first Chinese company to list on the bourse. CSST listed on the New York Stocks Exchange in 2007 and will also be the first NYSE-listed company to have its shares traded in the United Arab Emirates, ...
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...
Singapore's consumer price index (CPI) rose at an annual rate of 6.4 percent in August, due to higher costs of housing and food, but easing further from a 26- year high of 7.5 percent between April to June, government figures showed Tuesday. From the previous month, the inflation rose 0.1 percent after seasonal adjustments, said the Singapore Departme...
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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