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Carrefour SA, Europe's largest retailer, hired headhunters to seek a replacement for Chief Executive Officer Jose Luis Duran and a European businessman was approached, according to the Financial Times. A Paris-based spokesman for Carrefour's board, who declined to be further identified, denied that a search firm had been engaged. Duran was removed from...
Southwest China's Tibet Autonomous Region is trying to get rid of the shadow of March 14 riot in Lhasa, the regional capital, and kept a slight increase in foreign trade in the first half of the year. The plateau region did 167.82 million U.S. dollars worth of foreign trade from January to June, a year-on-year rise of two percent, according to informa...
China's consumer price index (CPI), the main gauge of inflation, is estimated to settle at around 6.4 percent in July, according to a Bank of Communications report. The figure drops 0.7 percentage point from June's 7.1 percent. Sun Mingchuan, a Lehman Brothers economist, said he expected the CPI to drop to about 6.7 percent in July, according to a ...
China is expected to put the brakes on the appreciating yuan to help exporters as the authorities try to balance growth while fighting inflation, analysts said.The yuan performed at its weakest last week when it ended at 6.8425 on Friday, down from 6.8189 a week earlier.The People's Bank of China set a weaker reference rate for the yuan for a third day la...
China's export-price inflation is masking the extent of a slowdown in growth in overseas shipments, Royal Bank of Scotland Group Plc said. Rising export prices exaggerate the strength of export growth, Ben Simpfendorfer, a Hong Kong-based economist for the bank, said in an interview with Bloomberg News last Friday. If the value of goods sold is rising,...
China is to raise tax rebates for certain textile and garment exports to help producers cope with the paper-thin profit margins squeezed by the yuan's appreciation and higher costs. Export tax rebates for some textile and garment items would be increased by two percentage points to 13 percent from Aug. 1, the State Administration of Taxation said in a...
The local tin market ended lower here on Thursday, but the trading volume rose compared with Wednesday. Tin price on the Kuala Lumpur Tin Market decreased 180 U.S. dollars to close at 22,300 U.S. dollars per ton. However, turnover rose to 99 tons from 65 tons on Wednesday. Source: CRIEnglish
South Korea's electronic securities transactions dipped 17.9 percent in the first quarter from the previous three months as stumbling stock markets led to less trade, the Financial Supervisory Service (FSS) said Friday. According to the FSS, the volume of online securities transactions reached 1,427 trillion won (1.41 trillion U.S. dollars) in the Jan...
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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