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The dollar was mixed against major currencies on Thursday after comments from U.S. top economic officials mildly helped the greenback in credit worries. The dollar was under pressure of renewed credit worries after shares of Fannie Mae and Freddie Mac, the largest sources of financing for U.S. home loans, tumbled on capital concerns. Stocks of the two...
Finnish tax revenues stood at 43 percent of its Gross Domestic Product (GDP) last year, down from 43.5 percent the year before, according to the revised data of Statistics Finland on Thursday. The total accrual of taxes and compulsory social security contributions went up by 6.3 percent from the previous year and stood at 77.2 billion euros in 2007. ...
Crude prices rebounded sharply Thursday on tensions in the Middle East that stirred by Iran's missile testing. Oil futures soared more than 5 U.S. dollars a barrel on the New York Mercantile Exchange. Iran announced that it has successfully test-fired both medium- and long-range missiles in two consecutive days. Iran's move triggered investors' concer...
Further gains in Chinese banks on a positive earnings outlook pushed Hong Kong stocks slightly higher Thursday. The blue-chip Hang Seng Index rose 16 points, or 0.07 percent, to 21,821.78 after trading between 21,498.87 and 22,020.66 during the session. Turnover totaled 74.18 billion HK dollars (9.51 billion U.S. dollars), down from 74.55 billion ...
Increasing integration among Asian economies offers a new platform to promote growth and strengthen trade links, which is conducive not only for Asia, but also for the rest of the world, the Asian Development Bank (ADB) said on Thursday. In a statement issued on Thursday, ADB said that while Asian economic integration is market-led to tap the full pot...
The U.S. Agency for International Development has initiated a new three-year $12 million program to improve Palestinian trade from the West Bank and Gaza to Israel. The Trade Facilitation Project, which will be managed by U.S.-based Chemonics International, aims to reduce transportation costs for Palestinian shippers by helping them to satisfy Israeli...
The Bangladesh caretaker government will face an immense challenge to fulfill its food procurement target by the end of next month, leading English newspaper The Daily Star reported Wednesday. Shortage of rice and paddy in local markets coupled with rice millers' refusal to supply food grains to the government at rates lower than market prices, is now...
The port city of Dalian launched a set of new policies Tuesday to attract more IT talent to the region, in a bid to fuel the growth of the rising software hub in Liaoning Province. The policies include plans to build public facilities for training institutions, construct apartments for IT workers in the city, and provide subsidies for senior profession...
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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