Trade News

China's yuan weakens 49 basis points to hit 6.4886 per USD ThursdayJun 2, 2011

The Chinese currency Renminbi, or the yuan,weakened 49 basis points to hit 6.4886 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system. The yuan's central parity rate reached an all-time high of 6.4837 per U.S. dollar on Wednesday. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the ce...

China's economic growth maintains strong momentum: central bank repor...Jun 2, 2011

The momentum of China's economic growth remains strong as the country rolls out policies to develop strategic emerging industries, accelerate the construction of low-income homes and encourage private investment, according to a report of the People's Bank of China (PBOC), China's central bank. Together with regional development strategies, increased co...

Portuguese economy begins to grow in 2013: IMFJun 2, 2011

Portugal faces considerable economic and fiscal risks but the nation will see the start of economic recovery in 2013 onwards, according to a document released by the International Monetary Fund(IMF)on Wednesday. Output was forecast to contract around 2 percent in 2011 and 2012 due to needed fiscal consolidation, adjustments in the banking system as well a...

U.S. vehicle sales weaker than expected in MayJun 2, 2011

Both General Motors Co. and Ford Motor Co. on Tuesday reported decline in their May car sales in the United States. But Japanese carmakers suffered the biggest contraction in car sales. "The big three are really the big three this month: GM, Ford, and Chrysler sold the most cars in May, followed by Toyota, Hyundai/Kia, Honda and Nissan," said Michelle Kre...

Albania welcomes Chinese big businessJun 2, 2011

Albania wants to strengthen its relations with China and welcomes Chinese investment, Prime Minister Sali Berisha's office said Wednesday. "Prime Minister Berisha underlined that the Albanian government is determined to develop better and friendlier relations with China," a statement from his office quoted the prime minister as saying to visiting Xinhua ...

US imports from China up 10pc, key driver American box volume growthJun 2, 2011

US IMPORTS from China have increased 10 per cent to nearly 60,000 TEU since April, according to PIERS data. Auto parts were imported into the US in the greatest volume, up 25 per cent, or 10,462 TEU, followed by tyres at 18 per cent (5,490 TEU) and women's and infant wear, up 28 per cent (6,475 TEU), reported Newark's Journal of Commerce. Toy imports s...

China's economic growth could boost Japan: CASS researchJun 1, 2011

China's economic growth and increasing domestic demand are stimulating imports from Japan, a factor that may help boost Japan's economic recovery, according to research from the Chinese Academy of Social Sciences (CASS). "Following the disaster(earthquake), trade relations between Japan and China will be further strengthened. There will be more opportun...

S Korea's trade surplus narrows to $2.75 bln in MayJun 1, 2011

South Korea's trade surplus narrowed to 2.75 billion U.S. dollars in May as imports grew at a faster pace than exports, a government report showed Wednesday. Trade surplus reached 2.75 billion dollars in May, sharply down from 5.14 billion dollars the previous month, the Ministry of Knowledge Economy said in a statement. Trade balance has been in the bla...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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