Steel import plunges 23% in Nov
NEW YORK: As the U.S. Department of Commerce starts slapping tariffs on steel dumpers, imports are finally starting to fall....
Korea’s exports to Australia rise 7.5% in Jan-Nov
SEOUL: Korea's exports to Australia rose 7.5 percent in the January-November period, in sharp contrast to the country's overall exports...
Textile mills plan for cotton imports
NEW DELHI: Prabhu Damodaran, secretary of Indian Texpreneurs Federation, told that every cotton year (October to September), price of cotton...
Taiwan agricultural bank to support farm exports
TAIPEI: Agricultural Bank of Taiwan (ABT), the only financial institution in the country dedicated to serving Taiwan's farm sector, set...
Vietnam seafood exports fall 14.3% in 2015
HANOI: Vietnam's seafood exports abroad fell 14.3% for the first 11 months of 2015 compared to the same period a...
German exports to rise 6% to $1.3t in 2016
BERLIN: German exports will rise to new record levels next year, overcoming difficulties in China and other markets mostly thanks...
Customs foils attempt to smuggle 2kg cocaine
BEIRUT: A 28-year-old Brazilian man was stopped Monday by Customs officers for allegedly attempting to smuggle 2 kilograms of cocaine...
Belarus to reduce export duties on oil
MINSK: Belarus will reduce export duties on oil and oil products, which are exported outside the customs territory of the...
India hike excise duty on petroleum products
NEW DELHI: The former Union Minister and Leader of the Congress in the Lok Sabha M. Mallikarjun Kharge has criticised...
IMF gives $75m bonus to Afghanistan
KABUL:The International Monetary Fund (IMF) has provided $75 million in bonus to Afghanistan after the country’s domestic revenue rose by...
Malaysian Customs seizes fireworks worth RM100,000
KUALA LUMPUR: A truck laden with firecrackers and fireworks worth nearly RM100,000 were stopped by the Royal Malaysian Customs authorities...
Manila port nets P500m revenue in 2015
MANILA: Public auctions have become an integral source of non-traditional revenue for the Manila International Container Port (MICP), which struggled...
Afghanistani allegedly forged Dubai Customs documents to work in Dubai
DUBAI: A 19-year-old boy from Afghanistan allegedly forged Dubai Customs documents to work in Dubai, the Dubai Criminal Court heard....
Saudi Arabia’s budget deficit $98bn on low crude prices
RIYADH: Saudia Arabia’s budget deficit swelled considerably in 2015, as plummeting oil prices have taken their toll on the kingdom’s...
Global PC shipments expected to shrink from 15%
WASHINGTON: Global desktop PC shipments are expected to shrink from 15 percent this year down to under 7 percent in...
Amazon Inc records highest shipments during trading session
LONDON: Shares of Amazon Inc were relative outperformers during the trading session. The stock was higher by close to 1.33...
Crude oil declines as Iran seeks to boost exports
TEHRAN: Oil slid from the highest level in three weeks, snapping the longest run of gains since April as Iran...
Saudi Arabia set 2016 revenue targets at 513b riyals
RIYADH: Saudi Arabian government said it has set 2016 revenue targets at 513 billion riyals, while spending may reach 840...
Japan’s gross domestic product grows 0.1% in Nov
TOKYO: Japan's gross domestic product grew 0.1% on the month in November, the Japan Center for Economic Research said Monday....
Imports rise for fifth straight month
LONDON: Preliminary data from the Philippine Statistics Authority (PSA) showed that the country imported $6.53 billion worth of goods last...
