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HSBC became the first overseas bank to start gold trading as a member of the Shanghai Gold Exchange Thursday after getting approval from the China Banking Regulatory Commission, the regulator. HSBC is pleased to be the first foreign bank to conduct a transaction on the Shanghai Gold Exchange, said Richard Yorke, group general manager, president and chi...
Participants in the 18th World Economic Forum on Africa said on Thursday that governments, multilateral organizations and aid agencies should ensure that African smallholders receive the inputs they need for the next planting season and create the conditions for sustained growth in agriculture to tackle the food crisis. In a session entitled Food Inse...
Kenyan delegation led by Prime Minister Raila Odinga on Thursday wooed foreign investment into Kenya at the World Economic Forum on Africa held in Cape Town, South Africa. Odinga told reporters in a press conference We come and announce here that Kenya is up and running once again. Kenya is ready to do business. He said what Kenyans went through in th...
China has been ranked the most attractive destination for foreign direct investment (FDI), according to a survey of business leaders released by Ernst & Young Thursday. The survey of 834 international business decision makers showed that 47 percent of respondents ranked China as the most attractive investment destination, followed by India with 30 per...
Fitch, one of the world's leading rating agencies, said Tuesday that China has started to be more selective with foreign investment; and this change will not discourage foreign investment. James McCormack, Fitch's managing director of Sovereign Ratings Asia Pacific, made these remarks in an interview with People's Daily Online. He recognized that fore...
China Southern Airlines and Air France-KLM Group yesterday signed a framework agreement to establish a cargo joint venture by the end of this year. Guangzhou-based China Southern will control 75 percent of the cargo carrier's shares. The Franco-Dutch airline group will hold the rest of the shares and name the CEO. The new company, likely to be named...
Chang'an Motor Corp, partner of Ford Motor Co in China, has said it will start to build its own-brand cars in Iran in the first half of next year as its latest major push into the overseas market. The fourth biggest Chinese auto group said its 1.3-liter Benben micro model will be assembled at a plant owned by Iranian partner PIDF with kits from China. ...
Indonesia's full-year fuel consumption is set to rise 10 percent on the back of a growing economy and a rising number of vehicles, local press reported Wednesday. The nation's fuel consumption is predicted to rise to 39.1 million kiloliters (kl) this year despite the recent 28.6 percent hike in fuel prices. State oil and gas firm PT Pertamina has ...
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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