Trade News

Asian Market Roundup Aug. 07 Aug 7, 2008

China The Chinese mainland stock markets closed mixed on Thursday. The benchmark Shanghai Composite Index gained 8.21 points, or 0.30 percent, finishing at 2727.58 points. The Shenzhen Component Index dropped 11.85 points, or 0.13 percent, to close at 9035.29 points. Japan Japan's stocks fell, led by banks, on concern asset writedowns will mo...

UAE's Largest Emirate Records 21.8% Growth in GDP Aug 7, 2008

The gross domestic product (GDP) of Abu Dhabi, the largest emirate of oil-rich the United Arab Emirates (UAE), exceeded 400 billion dirhams (109 billion U.S. dollars) in 2007, up 21.8 percent over 341 billion dirhams in 2006, local newspaper Gulf News reported on Thursday. The rapid growth in Abu Dhabi's GDP are mainly attributed to soaring oil prices...

Lower Taxes, Subsidies Urged in Inflation Fight Aug 7, 2008

China still needs to do more to prevent price increases from becoming deeply entrenched within its economy, a top regulatory official said in a published report on Wednesday. Xu Lianzhong, head of the price analysis and forecast division of the National Development and Reform Commission's Price Monitoring Center, urged the government to give tax ...

Specific guidelines set for new Anti-Monopoly Law Aug 7, 2008

The first regulation that sets specific guidelines for the Anti-Monopoly Law was announced by the State Council late on Monday in a move to provide guidelines and direction for the enforcement of the law, which came into effect on August 1. According to the regulations, all combinations must apply to authorities in charge of anti-monopoly if the joint ...

China's dependence on foreign trade tops 60% Aug 7, 2008

China's reliance on foreign trade had exceeded 60 percent, which made the country more sensitive to price changes on international markets and caused the ensuing external-driven inflation in the nation, sources with the National Bureau of Statistics (NBS) said on Tuesday. The country's inflationary pressure was mainly driven by price rises for crude o...

Starbucks plans to expand in China Aug 6, 2008

SHANGHAI: Starbucks, the world's largest coffeehouse company, said yesterday that the recent closure of its 661 underperforming cafes in the US and Australia would not affect the company's sustainable expansion in China. The Seattle-based coffee giant has 660 chains in China, of which approximately 330 operate across 26 cities in China. China is now...

Changsha City Plans Local Emissions Trading Aug 6, 2008

The city of Changsha, the capital of Hunan province in south-central China, is preparing to launch an emissions trading scheme, its mayor said on Tuesday. Changsha's plan is a local version of a tentative outline drawn up by the central bank, for a domestic emissions trading scheme that could cover everything from greenhouse gases to water pollutants, ...

Crude Prices Trade below 120 Dollars Aug 6, 2008

Crude prices traded below 120 U.S. dollars a barrel Tuesday morning on demand concerns. Crude futures for September delivery was down 1.49 dollars to 119.92 dollars after trading as low as of 118 dollars a barrel in electronic trading on the New York Mercantile Exchange. The U.S. dollar's gains against the euro also contributed to lower oil future...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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