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Sinosteel Corp, China's second-biggest iron-ore trading company, won Australian government approval to buy as much as 49.9 percent of Murchison Metals Ltd. The Chinese company had previously sought approval to acquire up to 100 percent of Perth-based Murchison, Australia's Treasurer Wayne Swan said on Sunday. That application was withdrawn, he said, ac...
The exterior of the world headquarters for Morgan Stanley & Co. Incorporated is seen in New York, May 19, 2008. The Federal Reserve said Sunday it has approved a request by two U.S. major investment banks Goldman Sachs and Morgan Stanley to become bank holding companies. The U.S. central bank said in a statement it is to provide increased liquidity...
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 ventur...
Software giant IBM and Swedish automaker Volvo are among the latest batch of Fortune 500 companies doing business in China that plan to set up trade unions in the country, a senior union official said on Friday. Yang Honglin, head of the grassroots organizations and capacity building department of the All-China Federation of Trade Unions, said at a pr...
China filed complaints to the World Trade Organization (WTO) on Friday over U.S. anti-dumping and countervailing measures imposed on Chinese-made steel pipes, tires and laminated woven sacks. China requested consultations with the United States under the WTO dispute settlement mechanism regarding those measures, the Chinese mission to the organization...
Hong Kong's employment remained stable for the quarter ending August with unemployment at 3.2 percent and underemployment at 1.9 percent, the Census and Statistics Department of Hong Kong said Thursday. Total employment rose by 13,100 to 3,546,300 from June to August while the labor force grew by 17,600 to an all-time high of 3,675,400. The number o...
Hong Kong's employment remained stable for the quarter ending August with unemployment at 3.2 percent and underemployment at 1.9 percent, the Census and Statistics Department of Hong Kong said Thursday. Total employment rose by 13,100 to 3,546,300 from June to August while the labor force grew by 17,600 to an all-time high of 3,675,400. The number o...
Swiss watch exports have increased at the slowest rate for five months in August as growth weakened in Hong Kong, and demand for the most expensive timepieces decelerated. Exports rose 6.3 percent to 1.1 billion francs (US$1 billion) last month, the Federation of the Swiss Watch Industry said yesterday, Bloomberg News reported. Hong Kong imports were u...
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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