Chinese Customs busts fox fur smuggling case worth $134m
HANGZHOU: Hangzhou Customs in east China uncovered an 880 million yuan (134 million U.S. dollars) fox-fur smuggling racket, it was...
BMW Motorrad reports sales record in 2015
MUNICH: BMW Motorrad, the motorcycle brand of German car producer BMW Group, reported on Friday to have hit a fifth...
Imports of LLDPE into Russian market decrease 12% in 2015
MOSCOW: Overall imports of linear low density polyethylene (LLDPE) into the Russian market decreased by 12% in 2015, totaling 191,000...
Iceland fish stocks increase in December 2015
REYKJAVIK: Iceland caught more fish in December 2015, compared with the same period in 2014, according to figures issued on...
Eurozone trade in goods at surplus of 23.6 bln euros in Nov
BRUSSELS: Eurozone international trade in goods reached a surplus of 23.6 billion euros (25.88 billion U.S. dollars) in November 2015,...
Norway’s exports fall by 6.7% in 2015 due to low oil prices
OSLO: Norway's exports decreased by 6.7 percent in 2015 mainly due to low oil prices while imports rose sharply by...
Spain’s inflation rate shows no change in 2015
MADRID: Spain's annual inflation rate stood at zero, showing no variations in prices, according to the Consumer Price Index (CPI)...
Indonesia’s trade balance moves back into surplus
JAKARTA: Indonesia's trade balance moved back into surplus last year, after three years of deficits, but the turnaround mostly showed...
U.S. industrial production continues to fall in Dec
WASHINGTON: The U.S. industrial production continued to fall in December 2015 primarily as a result of cutbacks in mining and...
U.S. producer prices fall again in Dec
WASHINGTON: U.S. producer prices declined again in December 2015, showing inflation remained muted as the Federal Reserve considers further increases...
Albanian economic sentiment indicator grow by 0.1% in Q4 2015
TIRANA: The economic sentiment indicator of Albania increased by 0.1 percent in the last quarter of 2015, informed on Friday...
Citibank Q4 profit hits $3.34b
NEW YORK: An exterior view shows the Citibank headquarters in the Manhattan borough of New York City. Citigroup Inc yesterday...
Sri Lankan port project gets nod
The delayed Colombo Port City project, a plan to create a South Asian financial hub, has been given the green...
S.Korean firm to buy stake in Meihua
SEOUL: CJ Cheiljedang Corp, South Korea's largest food company, is buying a controlling stake in Shanghai-listed Meihua Holdings Group, a...
Amazon plans ocean shipping foray
BEIJING: Global retail giant Amazon.com Inc has registered to provide ocean freight services through its Chinese unit, a move that...
Tobacco sector contributes more to China’s revenue
BEIJING: The tobacco industry contributed more to China's state revenue in 2015, official data showed on Friday. The sector handed...
China’s textile exports fall in 2015
BEIJING: China's textile and garment exports continued to decline last year, mainly due to the good performance in the previous...
Chinese nuclear company plans marine reactor by 2020
BEIJING: China is pressing ahead with its plans to set up an indigenously developed marine nuclear propulsion reactor by 2020,...
Global top 500 firms invest big in China
BEIJING: The world's top 500 firms increased investment in China last year, showing continued confidence in the economic outlook of...
NDB receives $750m from member countries
BRASILIA: The New Development Bank (NDB) has received the first installment of the $750 million paid-in capital from its five...
