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Hungary sets sights on China's high-speed rail tech

Hungary hopes to see China's high-speed trains running on its rail network, Hungarian National Development Minister Tamas Fellegi said on Saturday, while denying recent reports that Beijing would buy Budapest's debt. "Last time we were in China, in Beijing, we were shown several ...

Makalot eyes expansion in SE Asia

With flourishing Asian markets, Makalot Industrial Co., a leading garment manufacturing firm in Taiwan, is likely to register a rise of 13.5 percent in its revenues to touch NT$16 billion or US $533.33 million, this year, up from last year s NT $14.1 billion. L.P. Chou, Chairman, ...

Clothing experts takeover John Partridge brand

David Reay, former Director of operations and production at Barbour, Gary Newbold, former Head of designs at Barbour and Nick Oliver, previously Managing Director of women s wear company Penny Plain had found a shortcoming in the retail clothing market. Three of them, with the ...

British builder style is in fashion

Debenhams, the leading department store, has revealed that a style of dress straight from Britain's building sites is now causing a sensation on high fashion catwalks around the world. Jeans, often torn, tucked into partially untied boots, worn together with tight men's t-shirts ...

American Apparel is excited to be at Style X

South by Southwest (SXSW) announced American Apparel has signed on as a special exhibitor at Style X (pronounced "Style By"), an exhibition aimed at showcasing emerging talent in the fashion industry, during its 25th event on March 18-19. In Style X, American Apparel, the first ...

Aviation sector has high hopes for next 5 yrs

China plans to invest 1.5 trillion yuan ($228.2 billion) in the aviation industry, building 45 airports and adding 700 new commercial planes, over the next five years to meet surging demand, a top regulator said on Thursday. The figure is half a trillion yuan more than that for ...

Volvo announces new plants, aims to sell 200,000 cars in China by 2015 (3)

The deal enabled the Hangzhou-based firm in east China's Zhejiang Province to obtain advanced technologies from Volvo as well as the prestigious brand. Volvo sales rose 11.2 percent year on year to 374,000 vehicles last year, Jacoby said, adding that the company aimed to raise ...

Spring flies to 2nd Japan city in March

Spring Ailines puts up a bill in an airport. [CFP] Spring Airlines, China's first budget carrier, will fly to its second Japanese city next month as part of a plan to operate six routes between the two countries by the end of this year to meet rising tourism demand. The airline ...

Chinese firm to start bauxite mining in Fiji

Fiji's Minister for Lands and Mineral Resources Netani Sukanaivalu on Friday issued a land lease to a Chinese mining company to explore bauxite in Nawailevu in northern Bua province. Sukanaivalu handed over the lease documents to Executive Director of Aurum Exploration Limited, ...

Sinopec signs agreement to import 4.3 mln tonnes per annum of LNG for 20 years from Australia (2)

China has seen rapid growth in demand for natural gas in recent years. According to statistics of the National Energy Administration (NEA), China's natural gas consumption rose by over 20 percent in 2010 to 110 billion cubic meters with imports of LNG up 75 percent to 9.34 ...

Volvo announces new plants, aims to sell 200,000 cars in China by 2015 (2)

The manufacturing base in Chengdu, capital of Sichuan Province, would comprise a vehicle assembly plant, an engine plant and a transmission plant, said Li Hua, deputy director of the economic development zone of Chengdu. The vehicle plant was slated to begin production by 2013 ...

Canada's foreign minister upbeat about China trade

Canada wants to increase bilateral cooperation with China to meet the target of $60 billion in trade volume between the two major economies by 2015, according to the Canadian Foreign Affairs Minister Lawrence Cannon. "That's the target, and we want to meet the target. We are ...

Tightening measures hurt foreign investors

China's latest round of measures to curb property price growth has had a negative effect on foreign institutional investors, industry experts said on Thursday. "We've investigated a number of projects since the last quarter of 2010. Though reducing market liquidity has made the ...

More Chinese firms adopting credit insurance: survey (2)

The survey also found that 53 percent of the companies increased credit sales due to keen competition in the domestic market. Among them, 44.6 percent increased credit sales to penetrate new domestic markets last year, up from 31.7 percent in 2009. However, the companies were ...

CAO's net profit up 21 pct last year

China Aviation Oil (Singapore) Corporation Ltd (CAO), the largest purchaser of jet fuel in the Asia Pacific region, announced here Thursday its net profit last year rose 21 percent to reach 54.7 million US dollars. Meng Fanqiu, chief executive officer of CAO, said at a news ...

HK sees strong goods trade growth in January

Hong Kong's goods exports rose 27.6 percent year-on-year in January to 283.7 billion HK dollars (about 36.4 billion U.S. dollars) while the imports increased 19 percent over a year earlier to 299.6 billion HK dollars, the authority said Thursday. According to Hong Kong's Census ...

Chinese airlines post profits

About 130 of the 175 domestic airports lost a combined 1.68 billion yuan (US$245 million) last year but Chinese airlines flew into profits of 35.1 billion yuan, accounting for 60 percent of the profits of global airlines, said the director of the civil aviation regulator ...

China's iron ore imports drop last year as production costs rise

China's imports of iron ore stood at 618.64 million tonnes in 2010, down 9.13 million tonnes compared to the previous year, figures released Thursday by the China Iron and Steel Association showed. But spending on the imports hit 79.43 billion U.S. dollars, up 29.28 billion U.S. ...

Johan Ku announces participation in Japan Fashion Week

Johan Ku, a prize-winning fashion designer from Taiwan on February 22 publicized his decision to participate in the forthcoming Japan Fashion Week, which is to take place in Tokyo from March 18 to 25. The fashion designer said that, at the 12th Tokyo Fashion Week, he would ...

PERformance SMART bags Environmental Stewardship Award

Ecolab Inc announced that it has received an environmental stewardship award from the Austrian state of Ober sterreich in recognition of the company s efforts to reduce the carbon footprint of a local hospital laundry. PERformance SMART is a promising innovation for the entire ...
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world

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finance

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industry

sports

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