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ALEXANDER & Baldwin (A&B), parent of Hawaii's Matson Navigation Co, has posted a 477 per cent year-on-year profit increase in first quarter to US$17.3 million, drawn on revenues of $345 million, up 9.4 per cent from $315.3 million, reported the Honolulu Star Bulletin. Its Matson shipping unit posted a 14 per cent first quarter revenue increase ye...
BEIJING - India's move to prevent or make it more difficult for telecommunication companies to buy equipment from Chinese companies is a violation of the World Trade Organization (WTO) norms and clearly smacks of trade protectionism, experts said on Wednesday. Though the Indian government has not made any official announcement in this regard, sources sai...
Air China Ltd, the nation's largest international carrier, fell in Shanghai trading as investors locked in gains following an announcement about a business-tax exemption for overseas flights. The carrier dropped 3.7 percent to 12.90 yuan, following a 7.1 percent jump yesterday. In Hong Kong, the airline tumbled as much as 8.7 percent, the biggest intrada...
MADRID - Spain's industrial production rose an unadjusted 6.8 percent in March on an annual basis, the first upturn since April 2008, according to official data released Wednesday. The increase was 5.4 percent seasonally adjusted; and up 8.5 percent on February's output, the National Institute of Statistics (INE) said. This was the second piece of goo...
China, the world's second-biggest corn consumer, sold most of the grain on offer in a series of auctions around the nation yesterday, indicating increasing concern that there may be a shortage. The State reserves sold 1.22 million tons, about 88 percent of the 1.39 million tons offered, according to data on the website of the National Grain & Oil Tra...
BEIJING - The contagion from the Greek deficit crisis has started to spread across the globe, prompting economists to express concern over the ripple effects on China's export prospects and financial reform. Despite the European Union-International Monetary Fund (IMF) bailout plan, the euro declined further against the dollar while oil prices fell to nea...
GUANGZHOU - Despite a rebound in contracts signed at the world famous Canton Fair, which concluded Wednesday, Chinese exporters still remain cautious about the global trade outlook. The 107th China Import and Export Fair, or the Canton Fair, saw the value of export contracts up 12.6 percent from its autumn session last year to $34.3 billion, Chen Chaoren,...
BANGKOK - A United Nations report released Thursday said that China will gain an economic growth of 9.5 percent in 2010. The report titled "Economic and Social Survey of Asia and the Pacific 2010", an annual publication of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) provides the governments of the Asia-Pacific region...
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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