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US retailers posted better-than-expected chain-store sales - not including numbers for America's top retailer, Wal-Mart - in February, increasing 4.2 per cent year on year and 0.6 per cent from January, said the International Council of Shopping Centres (ICSC). This follows a solid 4.7 per cent rebound made in January, showing that consumers continue to...
Despite continuing trade disputes, the United States and China share an unprecedented opportunity to boost the domestic economy and create jobs if they maintain close dialogue and cooperation, former U.S. trade representatives (USTR) told Xinhua Thursday. "China has done so well in its economic development, especially when it allows its people to be produ...
Brazil's economy increased 7.5 percent in 2010, a record high since 1986, authorities announced Thursday. Gross domestic product (GDP) of the Latin America's biggest economy reached 3.67 trillion reais (2.21 trillion U.S. dollars) in 2010, according to the figures released by the Brazilian Institute of Geography and Statistics (IBGE). It is the highes...
The number of Americans initially applying for unemployment aid last week plunged below 375,000, a threshold to signal a sustained drop in the unemployment rate, the U.S. Labor Department reported Thursday. The Labor Department said that the advance figure for seasonally adjusted initial claims for jobless benefits was 368,000 in the week ending Feb. 26, ...
SHANGHAI - Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade", a senior official told China Daily. "We will launch a series of measures to stimulate imports this year, including adjusting tariffs on some categories of goods and further simplifying ...
The global economy is now expanding after the profound crisis over the last three years, but the recovery is facing several major challenges and risks in the near term, said U.S. Treasury Secretary Timothy Geithner on Thursday. The world economy is advancing at different speeds with emerging markets continue to grow robustly and advanced economies grow re...
China's Ministry of Commerce said Thursday it appreciated the European Union ending an investigation into Chinese wireless wide area networking (WWAN) modems. The decision, which was announced by the European Commission Thursday, sent positive signals and will boost the stable development of China-EU trade relations, said a statement on the ministry's w...
Shenhua Group, China's largest coal producer, said Thursday that it would invest 515.2 billion yuan (78.4 billion U.S. dollars) on business expansion in the next five years leading up to 2015. The company will add an additional 200 million tonnes in coal production capacity, raising the annual output to over 600 million tonnes in 2015, it said in a state...
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.
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