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Finance ministers of eurozone countries downplayed inflation risk in the European single currency club on Monday, despite the recent rises due to higher oil prices. "Inflation in the euro area has been gradually moving up in the last few months, in particular because of the rise of the prices of oil, but underlining inflation pressures in the euro area ha...
The U.S. federal deficit in fiscal year 2011 is expected to top the historically high level of 1.645 trillion dollars, despite the Obama administration's constant pledge to cut spending, according to the U.S. government' s 2012 budget proposal released on Monday. DEFICIT CONTROL MEASURES In a 3.73-trillion-dollar budget sent to Congress for fiscal yea...
China's online gaming companies embody the negative impact brought on by a small Post-90s generation population, China Business News reported Thursday. At the China Gaming Industry Annual Conference in January, gaming giants like Tencent, Netease and Shanda Interactive Entertainment Ltd all reported 2010 was their most difficult year, according to the C...
Shanghai steel futures rose to a record for a fifth day in a row on Friday as index-based spot iron ore prices bolted to all-time highs on tight supplies and strong demand from top buyer China. Chinese steelmakers are boosting production in anticipation of a pickup in demand when construction activities restart in spring after halting in winter. "Peop...
Southwest China's Yunnan province generated $4.58 billion in trade with ASEAN members in 2010, up 45.2 percent year-on-year, the local customs house said on Saturday. The trade volume, which accounted for 34.5 percent of the province's total foreign trade, included $2.9 billion of exports, up 38.1 percent year-on-year, and $1.68 billion of imports, up 5...
Valentine's Day provides retailers with a chance to boost profits BEIJING - Following hard on the heels of a record spending binge by the Chinese over Spring Festival of 404.5 billion yuan ($61.29 billion), another shopping season has arrived with Valentine's Day and the traditional Lantern Festival both occurring this week. Bookings have been in fu...
The exchange rate against the US dollar is currently at an appropriate level but could fluctuate in the future, Yi Gang, vice-governor of the central bank and head of the State Administration of Foreign Exchange, said on Sunday. "In the future, as markets fluctuate and labor productivity changes, the rate will certainly show some fluctuation," he said at...
China will establish a ministerial panel to review foreign firms' attempts to buy or merge with domestic companies, laying the ground for the country's first formal process for scrutinizing the national-security questions that arise from international deals. The State Council, or China's Cabinet, said in a statement on Saturday that it was establishing...
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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