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Aluminum Corp of China, or Chinalco, received Australian approval Sunday to raise to 11 percent its stake in Rio Tinto Group, the target of a hostile US$143 billion takeover by rival miner BHP Billiton Ltd. I have decided to raise no objections under Australia's foreign investment policy, Wayne Swan, Federal Treasurer of Australia, said Sunday. Chin...
China Molybdenum Co, the nation's second-biggest producer of the metal used in steel making, said first-half profit rose 13 percent because of higher prices. Net income rose to 1.24 billion yuan (US$181 million), or 0.26 yuan a share, in the six months ended in June, from 1.1 billion yuan, or 0.27 yuan a share, a year ago, the Luoyang, Henan Province-b...
Experts and officials from 21 economies of the Asia-Pacific Economic Cooperation (APEC) held a meeting Sunday in Peru to promote the development of small and medium enterprises (SMEs) in the region. The ideas that will be shared here will help improve the performance of the SMEs, Peruvian official Luis Quezada said during the inauguration of the APEC ...
The China Real Estate Association (CREA) has denied claims that the government will act to bolster the housing market by freeing up financing. A report in the China Business Journal on Saturday quoted an unnamed CREA official as saying the government would let market forces determine the course of the housing sector. The CREA official rejected a r...
China's auto import grew faster in the first seven months of this year, as world auto giants turned to the Chinese market after the U.S. economic slump and rocketing oil prices drove sales down on U.S. and European markets, the General Administration of Customs said on Sunday. Domestic demand for large-engine vehicles also strengthened as many people ...
Trade figures released by UK Trade &Investment (UKTI) show that business between Britain and China is booming. Between January and May this year, Britain exported more than 2 billion pounds (about 2.94 billion U.S. dollars) of goods and services to China, an increase of 44 percent on the same period in 2007, whereas Chinese imports for the same period...
Iraq's Oil Minister Hussain al-Shahristani will visit Beijing at the end of this week to conclude a contract to develop the Ahdab oil field with a unit of China National Petroleum Corp, an official at the ministry said. The contract may be signed after al-Shahristani meets officials from China National's Al Waha Petroleum Co unit, the official, who dec...
Vietnam exported over 157,700 tons of rice worth 121.9 million U.S. dollars in the first half of this month, raising the total export volume so far this year to nearly 2.9 million tons valued at roughly 1.7 billion dollars, local newspaper Labor on Thursday quoted the Vietnam Food Association as reporting. The association and local rice exporters said...
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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