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Author Archives: sania sania

Vietnam’s rice exports increase 3.6 % in volume

HANOI: Vietnam’s rice exports between January and November saw a year-on-year increase of 3.6 percent in volume, but a 4.9 percent annual decrease in value, the Ministry of Agriculture and Rural Development reported. Rice exports in the first nine months reached 6.24 million tons, fetching US$2.65 billion in total. The average export price was $426 per metric ton, down 7.4 ... Read More »

Turkey’s exports decline by 10.5% in Nov

ANKARA: Turkey’s exports declined by 10.5 percent in November to $11.44 billion year on year amid dramatic fluctuations in euro-dollar parity and geopolitical risks, according to temporary data revealed by the Exporters’ Assembly of Turkey (TİM) on Dec. 1. The country’s exports declined by 8.6 percent to around $132 billion in the first 11 months of the year compared to ... Read More »

ITE Group’s pretax profits fall to 31.5m in Sep

WASHINGTON: ITE Group’s pre-tax profits fell to £31.5m in the year to the end of September – down from £41.5m last time. Revenues fell to £135.8m from £174.8m and headline pre-tax profits of £47.2m were down from £60.3m a year ago.The group said the results were in line with expectations despite difficult market conditions. Chief executive Russell Taylor said: “ITE ... Read More »

Australia’s deficit narrows to $18.1 bln in Sep 2015

CANBERRA: Australia’s current deficit has narrowed to $18.1 billion in the September quarter, boosted by a stronger performance by the resources sector. On a seasonally adjusted basis the result is a 12 per cent, or $2.4 billion improvement on the June quarter’s $20.5 billion deficit and is largely in line with market expectations. Overall, exports of goods rose by 6 per ... Read More »

Vietnamese shares losses on both local bourses for third day

HANOI: Vietnamese shares extended losses on both local bourses for a third day as banks fell amid investor expectations that interest rate hikes in the US and Europe could undermine the profitability of local financial firms. The benchmark VN Index on the HCM Stock Exchange fell 1.7 per cent to close at 573.20 points. The southern index has dropped 3.8 ... Read More »

Russia ban to mainly imports of agri products, vegetables, fruits from Turkey

MOSCOW: Russia will ban mainly imports of agricultural products, vegetables and fruits from Turkey and may expand its sanctions if needed, senior officials said at a government meeting on Monday. Moscow may delay the introduction of the food import restrictions for several weeks to ease inflationary pressure, said Arkady Dvorkovich, a deputy prime minister. First Deputy Prime Minister Igor Shuvalov also ... Read More »

Zambia registers main market share worth of imports with 22% in 2014

HARARE: Zambia registered the biggest market share worth of imports with 22 per cent in 2014, at the value of US$ 2.3 million, down from the 2013’s share of 26 per cent at $2.8 million. The Common Market for Eastern and Southern Africa (COMESA) Business council Chief Executive Officer, Sandra Uwera said Zambia’s intra- COMESA imports were mainly copper, ores and ... Read More »

Copper industry seeks import duty hike on non ferrous metal to 7.5% from 5%

WASHINGTON: Saddled with higher imports and lower capacity utilisation, primary copper producers such as Hindustan Copper, Hindalco Industries and Vedanta have presented a budget wish-list to the government urging it to raise import duty on the non-ferrous metal to 7.5% from 5% now and reduce duty on imported raw material from 2.5% to nil. The trio has a combined 10 ... Read More »

Govt scraps 20% export tax on chrome

HARARE: The government has scrapped the 20 percent export tax on chrome, which has been a major hurdle in trading the mineral. Following the lifting of the chrome export ban in June this year, chrome miners have been finding it difficult to export their produce because of the levy. Mines and Mining Development Minister, Walter Chidhakwa, confirmed the removal of ... Read More »

Govt plans to reduce extra volume of rice imports for H1 of 2016

WASHINGTON: The government plans to reduce the additional volume of rice imports below 1.3 million metric tons (MT) for the first half of 2016 amid improving rice production. National Economic and Development Authority (NEDA) Director General Arsenio Balisacan said the cost of imported rice will reach around Php21 billion, lower than earlier estimate of P23 billion. “…It turned out that with ... Read More »

E-commerce imports expected to grow 78% in India

MUMBAI: Despite government’s attempt to curtail imports of consumer items, shoppers are likely to buy Rs 54,700 crore worth foreign goods from overseas e-tailers this year, a report said. “Indians will spend an estimated Rs 54,700 crore by shopping online from other countries in 2015,” according to the report commissioned by international payments major PayPal. The report did not share ... Read More »

Govt to suspends flour imports for next 6 months

HARARE: The Grain Millers Association has called on Government to suspend flour imports for the next six months to protect the local milling industry, the lobby group has said. The local milling industry is facing decline in capacity utilisation as depreciation of regional currencies, particularly South African rand and Zambian kwacha against the dollar, has seen local bakers importing almost ... Read More »

South Korea to suspend imports of French poultry, birds

SEOUL: South Korea will suspend imports of French poultry and live birds after the country reported an outbreak of avian influenza (AI), the government said Thursday. The Ministry of Agriculture, Food and Rural Affairs said the actions, which go into effect immediately, are in reaction to the European Commission confirming birds at a small chicken farm in Dordogne were infected with ... Read More »

Mozilla’s revenue increases 4.9% to $329 mln YOY

WASHINGTON: Mozilla has released its annual financial report for 2014, revealing a revenue increase of less than 5 percent year-over-year, 90 percent of which came from Google and Yahoo. Every November, Mozilla releases its financial report for the previous year, but the 2014 version is a particularly complex one. For the last five years, every time you input a query ... Read More »

Vietnamese customs authorities seizes 860kg of elephant tusks

HANOI: Vietnamese customs authorities have confiscated 860kg of elephant tusks hidden among more than a thousand boxes of frozen fish heads. There were also more than two tons of pangolin scales hidden among the fish heads. Both Asian pangolin species are endangered and worldwide the animals are threatened by the illegal wildlife trade. An estimated 50 000 elephants are killed every ... Read More »

Vietnamese shares rise slightly on consumer confidence

HANOI: Vietnamese shares yesterday rose slightly on both local exchanges as retailers made gains after the latest statistics from ANZ bank showed growing consumer confidence. The benchmark VN Index on the HCM Stock Exchange inched up 0.3 per cent to close at 595.70 points and the HNX Index on the Ha Noi Stock Exchange was up 0.5 per cent to ... Read More »

S. African imports of sports goods from India increase 42% in 2014

NEW DELHI: Annual South African imports of sports goods from India increased by 42 per cent in 2014, the Indian envoy here has said while hoping that the growth will be even greater in this year. A delegation of 22 Indian sports goods exporters under the aegis of the Sports Goods Exports Promotion Council (SGEPC) are in the middle of ... Read More »

Indonesia needs to import 3.22m tons of raw sugar in 2016

JAKARTA: Indonesia is expected to need to import 3.22 million tonnes of raw sugar in 2016, Panggah Susanto, Director General of Agriculture at the Industry Ministry, said on Thursday, up from the 3.1 million tonnes targetted for import this year. No reason was given for the year-on-year increase. Earlier on Thursday, Indonesia’s Trade Minister, Tom Lembong, said as of November ... Read More »

Orion Health lifts revenue by 26% in H1 of 2016

WELLINGTON: Orion Health lifted its revenue by 26 percent in the first half of its 2016 financial year but also saw its net loss after tax grow to NZ$27 million. Sales totalled NZ$102 million for the half year ended 30 September but as New Zealand-based Orion is rebuilding its technology as a cloud service, recurring revenue is a key metric. That ... Read More »

Canada iron ore exports fall 4% in Sep 2015

OTTAWA: The iron ore exports by Canada registered decline of 4% during the month of September this year. Among provinces, Newfoundland Labrador topped with total exports of 2.170 Mt. The iron ore exports totaled 3.643 Mt during the month, down by 4% when matched with the exports of 3.796 Mt during the same month a year before. The exports of ... Read More »