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Japan's exports expanded for the 11th straight month in October, up by 7.8 percent year-on-year to 5,723.6 billion yen (68.95 billion U.S. dollars), the finance ministry said Thursday. The rate of exports growth, however, continued to slow in the reporting month, hitting a new low in 11 months against the backdrop of global economic slowdown, it said. ...
LEADING UK retailer Tesco plans to quadruple China sales to GBP4 billion (US$6.4 billion) by 2015, adding 200 hypermarkets and 50 malls to increase consumer growth eight per cent year on year, reported London's Containerisation International. Analysts on a three-day tour of the company's main overseas markets were told by the third-largest [behind Wal...
BEIJING - China on Tuesday ordered authorities to seize revenues from some local oil refineries and wholesale fuel dealers for artificially propping up diesel prices, part of an effort to control prices and fight a diesel supply crunch. The powerful National Development & Reform Commission (NDRC) said on its website ( www.ndrc.gov.cn ) that oil deal...
SOFIA - The first photovoltaic plant invested and built by Chinese companies in Bulgaria was officially opened here on Tuesday evening. The 2-Mw Photovoltaic plant, based on unique Chinese technology, is located in a mountain near Ihtiman, 40 km south from the Bulgarian capital Sofia. It was built in seven months by the Chinese companies Polar Photovolt...
BEIJING - Governments and companies from around the globe are keen to get a piece of the action in China's booming wind power market, which is set to surpass the United States as the world's largest by the end of the year. China's wind turbine output in 2009 accounted for one-third of the world's total with a newly installed capacity of 13.8 gigawat...
St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dol...
Chicago soybean futures prices continued to surge on Wednesday, hitting one-week high, on strong demand for U.S. crops. Corn and wheat followed soybean higher, despite a slightly stronger U.S. dollar The most active corn contract for March delivery jumped 10.75 cents, or 2 percent, to 5.5375 U.S. dollars per bushel. March wheat climbed 4.5 cents, or 0.7...
Western Australian (WA) State Premier Colin Barnett called for Chinese companies Wednesday to invest in the state's 4.4 billion U.S. dollars stalled Oakajee port and rail project. The project is a joint venture between Australia's Murchsion Metals and Japan's Mitsubishi. Analyst said that once completed, the Oakajee facility would serve as the ga...
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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