Argentina cuts auto, motorcycle taxes to boost production
BUENOS AIRES: President Mauricio Macri’s economic Cabinet is cutting taxes on automobiles and motorcycles “to boost production,” the Production Ministry...
Brazilian currency ends 2015 down 48%
SAO PAULO: The Brazilian real lost 1.75 percent against the dollar Wednesday on the year’s final day of trading in...
Mexico’s petroleum revenues fall nearly 37%
MEXICO CITY: Mexico’s oil revenues fell 36.7 percent year-on-year during the first 11 months of 2015 to 724.1 billion pesos...
Venezuela raises taxes on wealthy, big business
CARACAS: Venezuelan President Nicolas Maduro announced on Thursday a package of changes to tax law and currency regulation in an...
Dubai Court sentences man to jail for smuggling 2kg of cocaine
DUBAI: A passenger has been sentenced to five years in prison followed by deportation after being caught at Dubai International...
Indian DRI seizes Rs 8cr worth foreign cigarettes at port
NEW DELHI: Foiling a smuggling bid, Customs officials here today seized Rs 8 crore worth foreign-made cigarettes from a container...
Dubai non-oil foreign trade falls to $262.9b in 9 months
DUBAI: Dubai’s non-oil foreign trade fell marginally to AED966 billion ($262.9 billion) during the first nine months of 2015, according...
Montreal Port recieves 1st ship of 2016
OTTAWA: A bulk carrier called the Vigorous is the first ocean-going vessel to reach the Port of Montreal without a...
Customs officials confiscates 2 rhino horns at Int’l airport
CAPE TOWN: Customs officials confiscated two rhino horns worth R3-million at the Oliver Tambo International Airport last week. The horns...
Iranian industrial exports up 5% in 8th month of Iranian calendar
TEHRAN: Valiollah Afkhami-Rad, the director of Trade Promotion Organization of Iran (TPOI), said Iran’s industrial exports grew by 5 percent...
Russia plans $15b arms exports in 2016
MOSCOW: Russia plans more than $15bn arms exports in 2016 Russia exported $15 billion worth arms this year and plans...
MSC restarts service to enter Iran port
TEHRAN: Iran’s media reported on Saturday that the Swiss shipping line MSC has started calling at the country’s southern ports...
Russia wheat export prices flat in last week
MOSCOW: Russian wheat export prices were flat in the last week, reflecting rouble currency volatility and weak global benchmarks, analysts...
Ukrainian PM signs decree on special duty rates for Russian imports
MOSCOW: The decree stipulates that starting from January 2, 2016 Ukraine will apply duty rates "as set by the Ukrainian...
Indian e-commerce revenue likely to touch $38b in 2016
NEW DELHI: The country's e-commerce market is likely to touch $38 billion mark in 2016, a massive jump over the...
US cotton export down 11% from last 4 week
NEW YORK: USDA cotton export sales highlights for latest reporting week: Net Upland sales of 141,100 running bales were up...
Dar chairs meeting to review progress on 1000 MW RLNG based power projects
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar chaired a meeting here Saturday to review progress regarding the 1000 MW (RLNG...
Japan tax revenue growth estimates at 25-year high in 2016
TOKYO: This owes to expected growth in tax revenues as the economic recovery lifts corporate earnings and wages. The government...
Russia bans imports of raw foods from Ukraine
MOSCOW: Russia imposed a ban on the imports of agricultural produce, raw foods, and foodstuffs from Ukraine as of January...
Taiwan iron ore imports down 6%: Customs data
TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp...
