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SuperStar Virgo, one of the world's largest and most extravagant cruises, arrived in Hong Kong Wednesday, kicking off the company's strategic re-deployment program on the booming China market. Speaking at a welcoming ceremony held here Wednesday, David Chua, President of Star Cruises, parent company of the SuperStar Virgo, said the deployment of compa...
China's economic growth will moderate to about 10 percent this year and 9.8 percent in 2009, the Asian Development Bank (ADB) said in a report on Wednesday. The bank said it made the forecast on the back of an expected tighter domestic monetary policy and weaker external demand. China's national economy expanded 11.4 percent in 2007 - the highest ...
Keen to tap into another source of revenue and profit amid a tight monetary policy, banks in Shanghai are wooing small and medium-size companies at an exposition. More than 500 financial services experts from about 28 domestic and overseas banks were at the two-day exhibition, the third to be held, in the Shanghai Exhibition Center yesterday. The S...
Evraz Group SA, the steelmaker partly owned by Russian billionaire Roman Abramovich, said full-year profit jumped 56 percent on higher prices. Net income climbed to $2.14 billion, or $6.05 a global depositary receipt, from $1.38 billion, or $3.92, in the previous year, Luxembourg-registered Evraz said yesterday in a statement. That missed the $2.3 bill...
Crude-oil futures rose almost 4 dollars to close near 105 dollars a barrel Wednesday as the dollar turned lower against the euro, boosting crude's dollar-denominated prices. Crude for May delivery gained 3.85 dollars, or 3.8 percent, to close at 104.83 dollars a barrel on the New York Mercantile Exchange. The price jump came after a U.S. governmen...
Shougang Corp's plan to buy a 19.7 percent stake in Australian iron ore producer Mt Gibson Iron Ltd from Russian billionaire Alisher Usmanov was blocked by a regulator because of Shougang's links to an existing holder. Shougang Concord International Enterprises Co, a unit of China's ninth largest steelmaker, is associated with existing Mt Gibson shareh...
China may prohibit foreign insurers from buying into more than one domestic insurance company, in an effort to avoid competition between the buyer and the seller. Foreign insurance companies that have already received the green light to invest in a Chinese counterpart may not be allowed to take equity stakes in other local firms operating in the same b...
Audi, Volkswagen's high-end line, reported it sold 30,000 units in China in the first three months, a 25 percent increase over the same period a year earlier. The sales figure in the first two months was 19,188 units, and March sales were about 11,000, according to Zhang Xiaojun, Deputy Managing Director of the FAW-Volkswagen Audi Sales Division. ...
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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