China's securities regulator on Wednesday ordered publicly-traded companies to boost corporate governance in the latest move to stabilize the equities market. A long-term mechanism should be put into place to prevent the majority shareholders and affiliates from embezzling funds of the listed firms, the China Securities Regulatory Commission (CSRC) sa...
Orders for U.S. durable manufactured goods were basically flat in May despite strong demands for aircraft and computers, the Commerce Department reported Wednesday. Strength in demand for aircraft and computers was somewhat offset by widespread weakness elsewhere last month, following declines of 1 percent in April and 0.2 percent in March. Exclud...
China is speeding up the development of industry standards to guide solar-power generation, officials and experts told a conference. The nation is one of the leading manufacturers of photovoltaic cells, which convert sunlight to electricity, although it exports virtually all the products as solar generation is not economic without subsidies from govern...
BP Plc may struggle to revive output growth at its Russian venture as a dispute with the oil company's billionaire partners escalates and efforts to revive aging fields fall short. BP's partners in TNK-BP said they will boycott a shareholder meeting on Thursday and challenge any decisions taken through the courts, AAR Chief Executive Officer Stan Polov...
Swedish Volvo Cars said Wednesday that it was going to cut 1,500 jobs following a big first-quarter loss on declining sales. The 1,500 jobs include 1,200 workers in Sweden who had already received layoff notices and 300 positions overseas. Meanwhile, contracts with about 500 consultants will also be cancelled, according to an announcement from Volvo h...
At the end of last year, China's external financial assets amounted to 2.2881 trillion U.S. dollars, that is an increase of almost 40 percent, according to "China International Investment Position at the end of 2007," recently released by the State Administration of Foreign Exchange. At the end of 2007, China's external financial assets of 2.2881 trill...
China has developed a new-generation supersonic trainer aircraft with state-of-the-art turbines and a full authority digital engine control. The L15-03 trainer plane, developed by the Hongdu Aviation Industry Group based in Nanchang of Jiangxi Province, had a successful maiden flight last month, according to a press release from the conglomerate. ...
The US dollar traded in the upper 107 yen range early Wednesday in Tokyo. At 9 a.m., the dollar was quoted at 107.80-85 yen against 107.77-78 yen in New York and 107.92-95 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at 1.5570-5575 dollars and 167.90-95 yen against 1.5563-5573 dollars and 167.77-87 yen in New York and 1.5569-5572 dollars and ...
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