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China's top leading body Monday pledged to prevent wild swings in the economy, while warning that the economic situation in 2011 would be complicated. The country should maintain stable and consistent macro-economic policies while improving accuracy, flexibility and efficiency of the policies, the Political Bureau of the Communist Party of China (CPC) C...
Betting on a continued rebound in global trade, Maersk Line has agreed to buy up to 30 giant container ships from Daewoo Shipbuilding and Marine Engineering of South Korea in a deal that could be worth US$5.7 billion. Maersk, the world's biggest container line, said it had signed a contract to buy 10 ''Triple-E'' vessels at $190 million each. It has ...
Japanese stocks rose Monday, with the key Nikkei stock index edging up 0.14 percent to book its sixth straight day of gains as the market's underlying optimism and bargain hunting neutralized geopolitical problems in the Middle East and Chinese banks' policy tightening. Brokers said that both Chinese and local markets on Monday responded somewhat noncha...
Honda Prospect Motor, the sole agent for Japanese automaker Honda in Indonesia, would recall 30, 252 units vehicles in Indonesia as part of a worldwide voluntary safety recall, a media reported here Monday. The recall on the Jazz hatchback, City Sedan and Freed compact minivan models would start on February 28 for Java island and March 2 for outside of th...
The Japanese government on Monday upgraded its assessment of the economy for the second straight month in February as a rebound in exports boosts production. "The Japanese economy is moving toward a pickup as it emerges from its recent pause," the Cabinet Office said Monday in its monthly economic report. The new assessment follows the previous governme...
Only carmaker in the nation to report year-on-year fall in figures BEIJING - Faced with continuing stagnant sales, domestic automaker BYD announced a major price cut on its five most popular models on Feb18 to boost demand. The company said it expects "to be proactive and win more market share" by reducing prices on its F0, F3, F3R, G3 and F6 cars. ...
Second increase in two months follows oil's surge on int'l markets. BEIJING - Retail gasoline and diesel prices were raised on Sunday, the second increase in two months, in a bid to tame rising domestic fuel demand amid surging crude oil prices on the international market. Gasoline and diesel prices increased by 350 yuan ($53.2) each per ton, or 4.5 ...
PARIS - China's pace in internationalizing its currency remains "unchanged" despite calls on the country to quicken the process, central bank chief Zhou Xiaochuan said. Yuan internationalization would see the currency play a greater role in world trade and become a globally accepted means of payment. Zhou, governor of the People's Bank of China, sai...
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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