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China is to broaden the investment channel of insurance funds, allowing them to invest in real estate industry, if a draft revision to the Insurance Law is adopted by the national legislature. Investment channel of insurance funds would be widened to marketable securities such as bonds, stocks, funds and real estate industry, according to the draft su...
Sweden's trade surplus decreased to 67 billions kronor (about 10.6 billion U.S. dollars) for the period January-June 2008 from 70 billion kronor (about 11.1 billion U.S. dollars) for the same period in 2007, Statistics Sweden (SCB) said on Monday. The value of Swedish exports for the first half year amounted to 625 billion kronor, 10 percent more than...
Employees of financial institutes who take advantage of non-public information for personal gains in trading will face criminal prosecution, according to the draft amendment to the Criminal Law submitted to China's top legislature Monday. Employees of fund management companies, securities firms, commercial banks and other financial establishments coul...
U.S. Customs and Border Protection has published interim rules for imports of softwood lumber from anywhere in the world. The rules were developed in line with the Softwood Lumber Act, enacted on June 18. The legislation requires the administration to establish and maintain an importer declaration program for certain imports of softwood lumber pr...
The U.S. Commerce Department's Bureau of Industry and Security said Johnson Trading and Engineering Co. of Taiwan has agreed to a $90,000 civil penalty to settle charges that it knowingly exported unlicensed U.S.-made computer chips to China. BIS also charged that Johnson Trading took action to evade the Export Administration Regulations (EAR). BI...
China's wine import continued to grow in the first five months of this year, thanks largely to tariff-cuts, strong demand at home and high profits for dealers, according to the General Administration of Customs. Between January and May, China bought 84.89 million liters of wine from abroad, a growth of 10.3 percent on the same period of last year. The...
The exchange rate of the Chinese yuan against the dollar should be stabilized gradually in period of time, said Nobel economics laureate Robert Mundell Saturday. Mundell, who is dubbed father of the euro made the remarks when addressing a conference that drew 15 Nobel prize winners in economics and nearly 300 other famed economists worldwide in the Ge...
China's liquefied petroleum gas (LPG) import declined by a double-digit rate in the first six months of this year, as importers' enthusiasm was dampened by price gap between domestic and overseas markets, the General Administration of Customs said on Sunday. From January to June, China imported 2.8 million tons of LPG and other hydrocarbon gases, a de...
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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