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President George W. Bush Wednesday signed a wide-ranging housing rescue bill that will offer up to 300 billion U.S. dollars in assistance to troubled mortgage giants and homeowners. We look forward to put in place new authorities to improve confidence and stability in markets, White House spokesman Tony Fratto said in a statement after the signing. ...
Securities regulator Shang Fulin said China is going all out to ensure stability in the markets ahead of the Olympics in August, Caijing magazine reported on its website, citing sources. Shang reportedly made the comments at a half-yearly work meeting of the China Securities Regulatory Commission in Beijing, the report said. The Olympic Games are j...
Danaos Corp., which owns containerships and leases them to liner companies, reported second quarter net profit of $33.7 million compared to $29 million in the same 2007 period. Operating revenue from continuing operations were $73.9 million for the three months ending June, 30, compared to $62.8 million in the same 2007 period. The company noted m...
U.S. steel imports in the first six months of the year totaled 15.87 million tons, 10.9 percent behind the same period in 2007, according to the American Institute for International Steel. Dave Phelps, president of the institute, said factors limiting imports -- strong markets overseas, high freight rates and the weak dollar -- continued to impede the...
Another breakdown in multilateral trade talks in Geneva this week has left U.S. trade officials disappointed by the failure of the world's two emerging powers -- China and India -- to compromise on agricultural trading policies. The New York Times proclaimed the latest collapse of the WTO's Doha talks Tuesday as a sign that the United States has less ...
Crucial talks for a new global trade pact entered the ninth day Tuesday with the atmosphere was growing more and more tense amid a blame game triggered by the U.S. verbal attack on emerging economies. The closed-door negotiations resumed in the morning after a marathon bargaining session among the seven key members in the World Trade Organization (WTO...
The Chinese delegation on Monday dismissed as "groundless" the accusations made by some developed countries regarding China's position in the ongoing Doha Round of trade talks in Geneva. The rebuttal came after some major developed countries said the current deadlock should be attributed to China's demand for sheltering sensitive agriculture goods lik...
The issuance of asset-backed securities (ABS) in South Korea rose 22.5 percent year-on-year in the first half as floating of home loan-backed securities increased, the Financial Supervisory Service (FSS) said Wednesday. According to the FSS, the ABS issues reached 11.2 trillion won (11.1 billion U.S. dollars) in the January-June period, up 2.1 trillio...
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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