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Smithfield Foods Inc., the largest pork processor in the United States, will sell a 5-percent stake to China's COFCO Limited, The Wall Street Journal reported Wednesday. Based on Tuesday's closing share price, the deal would amount to about 122 million U.S. dollars, said the report. Last month, Smithfield reported a 94-percent drop in fiscal fourt...
Chinese exporters, currently plagued by paper-thin profits, are threatened by another emerging problem of defaulted payments from foreign clients, economists said on Wednesday. To date, the aggregate overdue international accounts of export companies totaled 100 billion yuan (14.6 billion U.S. dollars), Mei Xinyu, a Ministry of Commerce economist, est...
Hong Kong has been favored by many international licensors and agents as the strategic base for accessing the growing Chinese mainland licensing market, a local trade official said Wednesday. Speaking at the opening ceremony of the Hong Kong International Licensing Show, Benjamin Chau, assistant executive director of the Hong Kong Trade Development Co...
Driven by changing trade regulations and globalization, the worldwide market for global trade management applications is expected to rise at a compounded annual growth rate of 10.1 percent over the next five years, according to a study released Wednesday. The market was $503 million in 2007 and is forecasted to be $814 million in 2012, said the new s...
China's trade in electronic and information products expanded in the first five months of 2008, but the growth rate of both exports and imports eased, according to figures released by the Ministry of Industry and Information Technology (MIIT) here on Wednesday. MIIT said exports of electronic and information products stood at about 201.95 billion U.S....
COFCO Ltd, China's largest national agricultural trading and food processing company, will buy a 4.95 percent stake in Smithfield Foods Inc, the largest pork producer in the US, mainly because it wishes to acquire the technology and management skills of the US company. A spokesman for COFCO yesterday confirmed earlier reports of the deal and said his ...
Russia's crude oil exports fell by an estimated 5.3%, year-on-year, in January-May 2008 to 103.3 million metric tons (757 million barrels), the Economic Development Ministry said Monday on its web site, RIA Novosti reports. The decline was due to lower crude output and increased supplies to domestic refiners, the ministry said. Russia's oil export...
The Russia government is lifting grain export duties from July 1 introduced more than six months ago to stem domestic food price growth, RIA Novosti reports. In November 2007, the government fixed export duties on barley and wheat at 30% and 40%, respectively, in a bid to stabilize domestic retail prices for bread and flour. Russia's Agriculture M...
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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