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Flag carrier Air China said on Tuesday it would buy 15 Boeing 777 airplanes and 30 Boeing 737s in one of the biggest plane orders by a Chinese carrier. The planes, to be delivered between 2011 and 2015, have a total list price of $6.3 billion but Air China (601111.SS) expects to receive concessions that will lower that price, the airline said in ...
The fallout of IndyMac Bank prompted investors to dump the stocks of many mortgage lenders, precipitating the steepest one-day decline in banking shares since 1989, a newspaper report said on Tuesday. Southern California fixtures Downey Financial Corp. and FirstFed Financial Corp., were among the hardest hit, with their stock prices down 24 percent an...
Microcredit companies may debut in Zhejiang province in July on a pilot basis to meet the demand of small and medium-sized enterprises' growing demand for capital, sources said. To standardize and regulate private capital, each county in the province will have one to two microcredit companies, the source was quoted by Shanghai Securities News as saying...
Domestic air conditioner producers are taking a further hit this summer by rising material costs, bloated inventory and declining sales both at home and abroad, according to industry analysts. Shi Hong, an analyst on home electrical appliances at Industrial Securities in Shanghai, told China Daily that profits of most air conditioner manufacturers are ...
Brazilian commercial jet producer Embraer looked to a bigger share in China's regional aviation market with a new contract to sell five EMBRAER 190 jets to China's Kunpeng Airlines signed on Tuesday. The total list price of the contract came to 187.5 million U.S. dollars, and the first delivery is scheduled for 2008. We have always been confident ...
The European Commission has decided to launch an anti-dumping probe into imports of aluminum foil originating from China. The commission said in the latest official journal of the European Union (EU) that the product allegedly being dumped is aluminum foil of a thickness of not less than 0.008 mm and not more than 0.018 mm, not backed, not further wor...
On July 10， Zoomlion Heavy Industry Science & Technology Development Co. Ltd. held a provisional shareholders meeting to vote on a merger with Italy-based CIFA S.p.A. The merger passed with a high percentage of affirmative votes. On June 25, Zoomlion declared that with a joint investment of 271 million euros, Zoomlion and its partners had bought 100% of C...
China's trade and investment in Africa benefits not only Africans, but the European and the United States as well, a British researcher has said. Bill Durodie, associate fellow with the Royal Institute of International Affairs, made the remarks on Saturday in his speech at a one-day conference entitled Battle for China, which aims to present a balance...
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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