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The first national craftwork expo was inaugurated Saturday in Quanzhou city, Fujian province of southeast China, the China News Service reported. Nearly 1,000 dealers from around the country brought numerous sorts of crafts, including life-sized woodcarvings of Buddhists, delicate porcelain wares and stone carvings. The organizer set up a special e...
The number of foreign banks in China may rise to 100 by 2011 from 76 at present, PricewaterhouseCoopers reported in a new survey released Monday. In a poll of 42 foreign banks, the global consultancy said nine anticipated at least 100 percent revenue growth this year, while 16 expected to be in the 40 to 100 percent range. The lenders were also fa...
Citigroup Inc.,the largest U.S. bank by assets, is set this week to cut its roughly 65,000-employee investment banking group by 10 percent, The Wall Street Journal reported on Monday. The latest bloodletting comes as the Wall Street giant's bad investments in mortgages and leveraged loans further cut billions of dollars from its portfolio. Citigro...
Baosteel, China's largest iron and steel maker, said Monday it had agreed with Australian mining group Rio Tinto on a price increase of up to 96.5 percent for iron ore in 2008, nearly double that of 2007. Baosteel, which negotiated on behalf of China's steel industry, agreed to a 79.88 percent price hike for Pilbara blend fines and Yandicoogina fines ...
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 trillio...
Brazil's Internal Revenue Service (IRS) said Friday it will investigate 6,455 companies suspected of evading 6 billion reais (3.75 billion U.S. dollars) in social security taxes. The IRS will first investigate the companies that presented the biggest disparity between the amount paid in wages to employees and the amount collected in taxes. The IRS...
Foreign contracts worth 10.59 billion U.S. dollars and domestic contracts involving 100.62 billion yuan (14.4 billion U.S. dollars) were signed at the 10th China Harbin Fair for Trade and Economic Cooperation that just concluded here on Thursday. The fair, which ran from June 15 to 19, had attracted 11,900 foreign businessmen from 60 countries and reg...
The banking regulator has refuted earlier reports that the US Federal Reserve deliberately delayed the approval of applications by two Chinese banks to open branches in the US. Commenting on the reported delays, Liu Mingkang, chairman of the China Banking Regulatory Commission, was quoted by Bloomberg as saying, there is no delay, (Fed Chairman Ben S. ...
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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