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Author Archives: CT Report

Russia’s Tenex sees $500m rise in export revenue

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MOSCOW: Russia’s Techsnabexport (Tenex) has said that it expects the value of its exports this year to outstrip that of 2014 by $500 million. The Rosatom subsidiary’s preliminary results for 2015 indicate that its revenue from the global market will be worth about $2.7 billion. This year, Tenex has made 65 deliveries of uranium products to customers in 14 countries ... Read More »

Iran’s crude oil export to Japan increase 3% in Nov

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TEHRAN: According to Japan’s Ministry of Economy, Trade and Industry, the country imported 177,000 barrels per day (bpd) of crude oil from Iran in November, showing three percent rise compared to the figure of the same month last year which stood at 171,000 bpd. The country’s export of crude oil to Japan in November rose by 6 percent compared to ... Read More »

Russia, Armenia sign bilateral economic agreement

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MOSCOW: The Armenian government on Thursday approved a set of amendments to an agreement it signed with Russia on December 2, 2013.  Energy and natural resources minister Yervand Zakharyan reminded that the agreement is about supply of Russian natural gas, petroleum products and raw diamonds to Armenia. He said the changes will specify the procedures for calculation and payment of ... Read More »

PM launches National Health Programme to facilitate 1.2m families

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ISLAMABAD: With the aim to make Pakistan a real welfare state, Prime Minister Nawaz Sharif Thursday launched an ambitious “PM’s National Health Programme” to provide free medical treatment to the poorest at public and private hospitals. The programme aimed at providing quality healthcare has been launched in 15 districts and would be later expanded to 23 in next phase. Around ... Read More »

Fiji Bureau of Statistics highlights drop in imports

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WELLINGTON: The Fiji Bureau of Statistics has highlighted decreases in figures from some of Fiji’s major sources of imports. Figures provided by the bureau on Fiji’s international merchandise trade statistics show that for the month of October, imports from Singapore were down 62.5 per cent from $93.3million to $56.2m as a result of decreased imports of gas oil or diesel. ... Read More »

Shipping intel report of Karachi Port

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KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier): OP-I Mariann D.Petrol Alpine 29/12/15 OP-II Luzon Spirt D.LSFO Al Hamd 31/12/15 ALONG SIDE (East Wharves): 1/2 Priya D.Petrol Alpine 29/12/15 2/3 Apirades Naree D.Coal OC-Services 30/12/15 4 San Rafael D.Steel East Wind 30/12/15 ... Read More »

Russian grain exports drop 5% this year

GRAIN EXPORT

MOSCOW: Russia’s grain exports through Dec. 23 totaled 19.43 million tonnes, a drop of 5% from a year earlier, according to data from the Federal Customs Service of Russia. Wheat exports totaled 14.5 million tonnes, down 9% from 16 million tonnes a year earlier. Barley exports were 3.1 million tonnes, little changed from last year. Corn exports totaled 1.64 million ... Read More »

KPT shipping movement report

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KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Thursday. SHIPS SAILED: OEL Dubai Cont Batam Trader Cont OOCL California Cont SHIPS BERTHED: Cosco Wellington Cont Hyundai Freedom Cont Northern Power Cont ABU Al Abyad Rock.Phos Luzon Spirit Tanker EXPECTED SAILING DATE NiColaos A 31/12/15 Priya 31/12/15 Apirandee Naree ... Read More »

Ukraine govt to decide restriction of trade with Russia

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MOSCOW: Ukraine’s government will adopt 2 decrees related to “mirror-image actions” regarding trade with Russia at its meeting on Wednesday, Prime Minister Arseniy Yatsenyuk said. One decree concerns “the ban on import of goods made in the Russian Federation within the customs territory (of Ukraine), another will be related to customs rates on goods made in the Russian Federation,” PM ... Read More »

Gold, tobacco top smuggled items list: Customs report

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NEW DELHI: The Customs Preventive Commissionerate (CPC), Vijayawada, has in its recent report on smuggling trends in Andhra Pradesh found that gold and tobacco (foreign cigarettes) have been two major items being illegally brought into the State. Iron scrap, waste oil, and crackers, purportedly made in China but sporting ‘Made in Sivakasi’ labels, are among the other goods smuggled in ... Read More »

Chinese stocks mostly lower on last day of 2015

Chinese stocks drop on growth concern as banks, developers fall

BEIJING: Chinese stocks were mostly lower on the last day of 2015 in thin trading with some of Asia’s biggest markets closed ahead of the new year. Hong Kong’s Hang Seng index closed up 0.2% at 21,914.40, while the Shanghai Composite ended down 0.4% at 3,539.18. The index was 9.4% higher for the year, making it one of the best ... Read More »

Taiwan iron ore imports declines 6% in 2015

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TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

Home loans to Australian landlords grow at slowest pace in 17 months

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CANBERRA: Home loans to Australian landlords grew at the slowest pace in 17 months as a regulatory crackdown forces lenders to raise interest rates and tighten lending standards. Investor housing credit expanded 9.1 percent in the 12 months to Nov. 30, the weakest pace since June 2014, according to data from the Reserve Bank of Australia. Growth has slowed for ... Read More »

Australian shares slip on last trading day

aus shares slips

SYDNEY: Australian shares took a breather on the last trading day of the year on Thursday after running up to a 2-month high in the previous session, tracking negative global cues as oil prices continued to slump slump. By 0041 GMT, the S&P/ASX 200 index had slipped 3.84 points, or 0.07 per cent, to 5,316.1. The benchmark rose 1 per ... Read More »

Sales tax revenues up 6.65%

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LONDON: The aggregate amount of sales tax rebate revenue received by the three local entities, which collect the tax, was up 2.62 percent this month, and finished the year up 6.65 percent. Only the City of Rockport received a smaller check this month than they did in December 2014. Read More »

Police arrest 2 for smuggling 1.3 tonnes of rosewood

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TAY NINH: The southern Tay Ninh Province People’s Committee yesterday fined two local men VND45 million (US$2,000) each for smuggling more than 1.3 tonnes of rosewood. A 26-year-old driver named Tran Duy Phong and a 43-year-old truck owner Vo Van Thang from Tan Chau District were found to be carrying 270 pieces of rosewood from Cambodia to the district in ... Read More »

Pak rupee depreciates by 30 paisas in interbank

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KARACHI: The Pakistani rupee Thursday lost value against the US dollar in interbank, however it strengthened in open market. According to the local money market, the dollar gained 30 paisas in interbank for selling at 104.80 and lost five paisas in open market to reach 106.15. On Wednesday, the greenback gained five paisas in open market for selling at 106.20 ... Read More »

General Employment revenues boost 33% in Q4 of 2015

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WASHINGTON: An increase in contract staffing helped boost General Employment Enterprises’ fourth quarter 2015 revenues by 33 percent over the same period last year, the company announced. Revenue for the fiscal 2015 fourth quarter was $12.5 million. Contract staffing services contributed $10.7 million or 86 percent of revenue and direct placement services contributed $1.8 million or 14 percent of revenue. ... Read More »

Mumbai Customs arrests French couple in gold smuggling case

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MUMBAI: The Air Intelligence Unit of Mumbai Customs on Wednesday apprehended a French couple at the Mumbai international airport and recovered 2.6 kg of gold valued at around Rs 60.88 lakhs, from them. On the basis of profiling, the cops intercepted Mohamed Hassain and his wife Djany Mohamed Safraby, both of whom have who has a French passports. The couple ... Read More »

Customs seizes mobiles, betel nuts at Kamakhya Railway Station

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SHILLONG: Customs officers from Headquarters’ Preventive Unit, Shillong seized smuggled Chinese origin mobile handsets numbering over 200 valued Rs. 2.14 lakh from Guwahati on December 27. Later on Wednesday betel nuts worth over Rs 10 lakh were seized from Kamakhya Railway Station in a separate raid. The consignment of mobiles was booked from New Delhi and reached Guwahati by Rajdhani ... Read More »