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The Palestinian economy is declining and becoming more dependent on foreign aid, as the Israel-imposed economic restrictions have increased, the World Bank said in a report released on Wednesday. In the 65-page monitoring report prepared for a conference of donor countries in the United States later this month, the World Bank said the International Mo...
The White House on Wednesday defended its takeover of troubled insurance giant American International Group, saying the action protected the economy from further harm. You have a government that is willing to lead, act where appropriate, and govern to make sure that we limit broader financial harm to the economy, White House spokeswoman Dana Perino sa...
The China Insurance Regulatory Commission (CIRC) said it has set up a nonprofit State-owned corporation with registered capital of 100 million yuan to manage its insurance protection fund, amounting to at least 7 billion yuan. China's insurers have been required to submit up to 1 percent of retained premiums to the insurance protection fund since 2005,...
Chinese Vice Premier Wang Qishan (L) and US Secretary of Commerce Carlos Gutierrez greet each other before the 19th session of the China-U.S. Joint Commission on Commerce and Trade (JCCT), at the Richard Nixon Presidential Library in a Los Angeles suburb, on Sep. 16, 2008. Senior officials of China and the United States gathered here on Tuesday to discuss...
According to Xinhua Net, the Shanghai branch of the US retail giant Wal-Mart and its subordinate supermarkets have signed a breakthrough group contract with their employees, marking the formal establishment of collective negotiation system between employers and employees, said the Shanghai Federation of Trade Unions. Covering nearly 1000 workers in Sh...
The total number of Macao's credit cards in circulation reached 348,928 in the second quarter of thisyear, up 2.6 percent from the previous quarter, according to the figures Tuesday released by the Monetary Authority (AMCM) of Macao Special Administration Region (SAR). Among this total, the numbers of pataca cards, Hong Kong dollar cards and RMB cards...
The pre-salt layer oil fields located in the Santos Basin in southeastern Brazil can produce up to 120 million cubic meters of natural gas daily, said Marco Tavares, managing director of Brazil's Gas Energy consulting firm, on Tuesday. During the Rio Oil and Gas Conference, which started on Monday, Tavares said that the volume is far enough to meet th...
The Philippines' two largest banks, Metropolitan Bank and Trust Co. and Banco de Oro, were setting aside provisions totaling 94.7 million US dollars to cover their exposure to the Lehman Brothers' collapse, reports said on Wednesday. Due to the uncertainty relating to the financial condition of Lehman Brothers, Banco de Oro Unibank Inc. is setting asi...
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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