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U.S. stocks on Monday closed lower after investors received evidence of the ailing financial sector from Wachovia Corp. At the close, the Dow Jones Industrial Average was down 23.36 points at 12,302.06. The S&P 500 index dropped 4.51 points to 1, 328.32, while the Nasdaq Composite lost 14.42 points to 2,275.82. The shares of Wachovia Corp, the fou...
Chinese carmaker Chery Automobile has recorded a 68.8 percent growth in the number of exported vehicles during the first quarter, the company said on Sunday. It exported 37,976 vehicles, 15,478 ones more than the corresponding period last year. The exports accounted for 34.9 percent of its sales in the first quarter. To date, the 11-year-old compa...
The Ministry of Commerce has issued a notice ensuring that grain and grain product supplies maybe provided to Hong Kong, but it also warned of penalties for those who diverted such food shipments to other markets. Wheat, corn, rice and flour made from these grains could only be sold to Hong Kong and violators would have their export licenses suspended...
Xu Bing, a spokesman for the 103rd China Import and Export Fair, told reporters in Guangzhou on Monday that 18,721 businesses will be present when the event opens on Tuesday. That will be 3,667 more businesses than the previous fair, he said. The event, long known as the Canton Fair, will continue to introduce reforms but will remain a comprehensi...
China Mobile unveiled its new Zong brand in Pakistan on April 5, signifying the formal beginning of a serious upheaval in the Pakistani mobile market. Since China Mobile acquired Paktel - the fifth largest player in Pakistan's mobile market - in February 2007 from Millicom, it has invested a total of 860 million U.S. dollars. It will plunge into 800 mi...
China exported 4.16 million tons of steel in March, an increase of 1.05 million tons from February, spurred by the widening price gap between the domestic and international markets. International steel prices rose more sharply than domestic prices, with the price gap extending to 100 U.S. dollars to 200 U.S. dollars per ton, which propped up more expo...
New Zealand's clothing company Norsewear said on Sunday that its new deal with China will create new jobs for many New Zealanders. The company has received an order from China that it is worth close to a million NZ dollars (0.79 million U.S. dollars) for hats, gloves and socks, Radio New Zealand reported on Sunday. The company said that it is for ...
The Prudential Asset Management Co., Ltd. of the Republic of Korea (ROK) has been granted qualified foreign institutional investor (QFII) status, said the China Securities Regulatory Commission. However, the commission did not reveal the investment quota for the company. The commission has just given Columbia University QFII status in mid March, w...
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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