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IBM announced in January that it would build Asia's largest cloud storage center in China through a partnership with local entities, eWeek.com reported. The US company joined with Range Technology Development Co Ltd and the Hebei provincial bureau of industry and information to build the 620,000-square-meter center in Langfang, Hebei province. It is e...
Chinese exporters' drill pipe for oil production will face antidumping and countervailing duties as high as 430 percent after the United States International Trade Commission (ITC) agreed on Monday (Tuesday in Beijing Time) on a 3-to-3 vote that the low-priced Chinese imports may threaten harm to US producers. The duties will take effect this month. A ti...
WASHINGTON, Feb. 8 (Xinhua) -- The U.S. Federal Reserve on Tuesday requested public comments on the proposed rule that implemented two provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to the designation by the Financial Stability Oversight Council of "systemically important" non-bank financial companies for consolidated su...
The Central Bank of Egypt intervened on Tuesday to halt a sharp drop of the Egyptian currency against the U.S. dollar after two weeks of popular unrest across the country. It was the first time in two years for the central bank to support the country's currency through pumping big quantities of U. S. dollars. The Egyptian pound rebound steadily on Tues...
French Finance Minister Christine Lagarde on Tuesday called on G20 members to learn from the latest global financial crisis, and take measures to protect consumers of financial products. At a working meeting with representatives from financial sectors, the minister blamed the reinless loans granted by U.S. financial institutions for the destructive global...
U.S. top military officer on Tuesday unveiled the 2011 National Military Strategy, the first revision since 2004 of the ways and means that the military will advance U.S. national interests. It builds on the 2010 National Security Strategy and the objectives in the latest Quadrennial Defense Review, according to the document. "Our military power is most...
The Chinese currency, or the yuan, rose 10 basis points from previous trading day to a fresh high of 6.585 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trading System. The central parity rate of RMB, or the yuan, was 10 basis points stronger than the previous record of 6.586 set on Feb. 1, 2011. (Source:http://news.xinhuanet....
BEIJING - While most Chinese people set off firecrackers wishing for prosperity at the start of the Year of the Rabbit, some of the nation's steel drill pipe makers may see their wishes have partly backfired. Chinese exporters' drill pipe for oil production will face antidumping and countervailing duties as high as 430 percent after the United States I...
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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