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BEIJING - Companies and organizations from China and South Africa on Tuesday signed over a dozen cooperative documents at a business forum, according to the South African Embassy in Beijing. The documents, involving projects in areas such as solar power, mining, telecommunications, insurance and finance, were signed at a business forum attended by visit...
The Chinese telecommunications giant Zhongxing Telecommunication Equipment Corporation (ZTE) will strengthen cooperation with its partners and expand its market in Nigeria, a ZTE manager said Tuesday. Han Guoqing, the general manager of ZTE's subsidiary company in Nigeria, told Xinhua that as a country with the largest population in Africa, Nigeria wou...
Iraqi Oil Ministry said Tuesday the country exported 56.3 million barrels of oil in July, 1.6 million barrels more than the that of June. A statement by the ministry obtained by Xinhua said that the ministry brought in revenues of 4 billion U.S. dollars with an average price of 71.21 dollars a barrel for the month. It said that 44.4 million barrels ...
BEIJING - PetroChina Co, the largest oil producer in Asia, and Royal Dutch Shell have completed a joint take-over of Australian coal seam developer Arrow Energy, PetroChina announced Monday. In an acquisition deal signed on March 19, PetroChina International Investment Company Ltd, a subsidiary of PetroChina, and Shell Energy Holdings Australia Ltd, agr...
TOKYO - Japan-China economic relations can better be categorized as complementary rather than competitive, said Chi Hung Kwan, senior fellow of Nomura Institute of Capital markets Research in Tokyo Tuesday. Kwan said because Japan's strength in areas including the high-tech is China's weakness, the economic ties are not "a zero sum game" that China's...
SHANGHAI - Aluminum Corp of China Ltd (Chalco), the nation's biggest maker of the metal, on Tuesday said it will diversify into other natural resources like coal, copper and rare earths. "We are planning to set up three coal production bases over the next three years to reduce electricity costs," said Chalco Chairman Xiong Weiping. Electricity acco...
Industrial new orders rose by 2.5 percent in the euro zone in June, compared with the previous month, the European Union (EU)'s statistics agency Eurostat said on Tuesday. The index increased by 4.1 percent on monthly basis in May, according to revised figures. In the 27-member EU, new orders rose by 2.4 percent month on month in June after an incr...
Bangladesh's trade deficit in the last fiscal year 2009-10 that ended in June ballooned nearly 10 percent year on year to over 5 billion U.S. dollars as import rebounded since April after months of slump in the wake of the global economic recession. The Bangladesh Bank (BB) data showed the country's import payment stood at 21.39 billion U.S. dollars, ...
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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