Industrial auctions boom in Vancouver area
The high cost of financing heavy equipment has spurred a boom for British Columbia auctioneers drawing buyers from across North America. Ritchie Brothers sold hundreds of pieces at a three day Edmonton sale and Pacific Forklift Auctions reports slow demand for owned inventory.
MENTIONED IN THIS ARTICLE
Vancouver
B.C
North America
Ritchie Brothers
Stan Kokoska
Edmonton
Pacific Forklift Sales Ltd
Pacific Forklift Rentals Ltd
Terry Simpson
Chinese official reassures foreign investors at Canton meet
Wei Yuming vice minister of foreign economic relations tells over 250 companies at China's first investment promotion conference in Canton that confiscation is not expected as long as laws are followed. He notes contracts can cover patent protection and that open policy remains despite economic retrenchment. Chen Muhua stresses need for advanced tech and fair profits.
MENTIONED IN THIS ARTICLE
Canton
China
Wei Yuming
Wei
Chen Muhua
Chen
Prin
Recession spreads in U S markets
New York AP reports the May industries show a worsened U S recession with steeper drops in industrial production and new orders. The National Association of Purchasing Management survey says 49 percent of 250 members saw employment fall, the highest in 24 years, amid a 9.5 percent unemployment rate in May.
MENTIONED IN THIS ARTICLE
New York
U.S
National Association of Purchasing Management
Bureau of Labor Statistics
Association of Purchasing Managers
Also Mentioned on This Page
William Boggs
Canadian Manufacturers’ Association
Boggs
Mac Blo
Ritchie
Simpson
Ritchie’s
Texas
Los Angeles
Wisconsin
Oregon
Kingsway
Alberta
Treasury Branch
Treasury
H.A
Herman) Weidemann
Irvine Toj
Albertans
Aberta
Medicine Hat
Carol Drysdale
Albania
Ciple
Cypress
Progressive Conservative Association
The
Bow Island
Elks Club
Lloyd Veenstra
Rere Pen
Eatons
Eaton's
Shop Eaton's
Dial
Saeans In
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