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Gross operating profits at Australian companies fell 2.0 percent in the March quarter, official figures showed on Monday. Company gross operating profits in current prices and seasonally adjusted terms rose 9.5 percent over the year, the Australian Bureau of Statistics (ABS) said. Estimated business inventories rose 0.4 percent in the March quarter afte...
New Zealand's Ministry of Agriculture and Forestry (MAF) is investigating an Auckland company that is apparently sending New Zealand-branded infant formula to China, the New Zealand Press Association (NZPA) reported Monday. Heitiki was promoted by Kiaora New Zealand International, which had a registered office in Auckland, said the report. On its websi...
Cuba expects to soon start drilling exploratory wells in the Gulf of Mexico and produce four million tons of oil and gas in 2011, a Cuban oil industry official said Friday. "This year the oil production is surpassing the plan," said engineer Rafael Tenreyro Perez, exploration manager at the state-run company Cubapetroleo (CUPET). He said the island nati...
China Iron and Steel Association (CISA) predicts the country's annual demand for crude steel will rise to between 670 million and 750 million tonnes in 2015. The figures are 11.8 percent and 25.1 percent higher compared with the 2010 level, said Luo Bingsheng, CISA's deputy Party chief, at a forum Sunday. The prediction based on an assumption that Chi...
PetroChina Co., Ltd., the listed arm of the country's largest oil and gas producer, said Friday that its parent China National Petroleum Corporation (CNPC) has raised its stake in the company by nearly 0.02 percent to 86.3 percent. CNPC has bought 31.08 million yuan-denominated A-shares in the company, accounting for 0.017 percent of PetroChina's total ...
British oil and gas producer Tullow Oil plc says it has entered into a conditional agreement to acquire the entire interests in Ghana's Jubilee Oil Field of EO Group Ltd., an oil company wholly owned by two Ghanaians, for 305 million U. S. dollars in cash and shares. The agreement, if implemented, will increase Tullow's interest in the West Cape Three P...
Russian Prime Minister Vladimir Putin announced on Saturday Russia will lift from July 1 its grain export ban which was imposed last year in the wake of a severe drought, according to a government release. "From July 1, we will lift the ban on grain exports," said Putin at a meeting with his first deputy, Viktor Zubkov. Putin's decision was made after ...
Denmark's liberal-conservative government has appointed a former Danish EU commissioner as the country's so-called "export ambassador" to China, local media reported Sunday. The new role is expected to boost Denmark's trade ties with China. According to Denmark's Berlingske Tidende newspaper, Danish Prime Minister Lars Loekke Rasmussen named Ritt Bj...
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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