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Wednesday , December 13 2017
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US Treasury predicts extra $1.8tn tax revenue on rapid growth

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NEW YORK: The rapid growth the Trump administration is banking on in its budget will deliver around $1.8tn of extra tax revenue, the US Treasury said in a paper as it battles scepticism among economists over its claims that tax cuts can pay for themselves. The one-page Treasury document, released on Monday, does not offer any detailed analysis of the drivers behind ... Read More »

US import of Nigerian crude hits four-year high

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NEW YORK: For the first time in more than four years, the United States’ monthly import of Nigerian crude oil rose to 12.29 million barrels in August, the latest report from the US Energy Information Administration has revealed. The US imported a total of 28.53 million barrels of crude oil from Nigeria in the third quarter of this year, up ... Read More »

US Customs and Border Protection reports increase in unreported currency, cocaine seized in South Texas in fiscal year 2017

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NEW YORK: U.S. Customs and Border Protection (CBP) reported on Wednesday significant increases in seizures of cocaine and unreported currency at eight South Texas ports of entry in fiscal year (FY) 2017 as compared to FY2016. CBP officers at the eight ports of entry from Brownsville to Del Rio that comprise the Laredo Field Office seized significantly more cocaine and ... Read More »

US ethanol, DDGS exports up in Oct

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NEW YORK: U.S. ethanol exports totaled 93.6 million gal. in October, up 8% from September shipments, according to government data released this week and analyzed by the Renewable Fuels Assn. Ann Lewis, research analyst for the association, noted that Canada was again the top destination for U.S. exports, at 33.9 million gal. (more than one-third of total exports) — an ... Read More »

U.S. custom house sold for $30m

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NEW YORK: The U.S. Custom House, a 67,000-square-foot Portland Landmark listed on the National Registry of Historic Places, was bought for $30 million on Monday by the Vista Investment Group. “With its distinctive architecture, large floor plates and high-volume interiors, The U.S. Custom House is an irreplaceable building in the Pearl District of Portland and we consider it one of the ... Read More »

US trade deficit rises to $48.7b on record imports

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NEW YORK: Record imports lifted the U.S. trade deficit to $48.7 billion in October, highest since January. The Commerce Department said Tuesday that the trade gap rose 8.6 percent in October from $44.9 billion in September. Imports hit a record $244.6 billion in October, and exports were unchanged at $195.9 billion. A trade deficit means that the United States is ... Read More »

U.S. agents intercept boat in suspected smuggling attempt

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NEW YORK: Federal agents seized a small pleasure craft crowded with 15 Mexican nationals off the coast of Point Loma Friday evening and arrested the driver of the boat on suspicion of smuggling. Authorities announced Monday that a U.S. Customs and Border Protection crew on patrol in a plane spotted the 23-foot cuddy cabin boat — called the Pressure Valve — off ... Read More »

Woman caught trying to smuggle bologna into US

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NEW YORK: Customs and Border Protection agents in El Paso say a woman who initially told inspectors she had nothing to declare as she was entering the country from Mexico was found carrying 227 pounds of contraband bologna in her car. The discovery last week was made at a secondary examination station and after the woman amended her declaration statement. The ... Read More »

US Customs and Border Protection officers apprehend fugitive wanted for murder

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NEW YORK: A fugitive wanted for homicide-murder was taken into custody by US Customs and Border Protection (CBP) at the San Ysidro Port of Entry. Alejandro Flores, 30, was turned over to CBP officers Tuesday around 3:30 p.m. after being escorted by Mexican law enforcement to the pedestrian crossing in San Ysidro. Pete Flores, Director of Field Operations for CBP, ... Read More »

US breaks into China’s top 10 crude oil supplier list

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NEW YORK: China’s crude oil imports from the US in October surged 77.3% month on month to average of 208,000 b/d, or a total of 878,623 mt, making the US the country’s ninth top crude supplier, data released Monday by China’s General Administration of Customs showed. In the same month last year, no US crude oil imports were recorded. The ... Read More »

US senate to vote on tax overhaul

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WASHINGTON: This week could decide whether Republicans salvage one of President Donald Trump’s major agenda items during his first year in office or head into a midterm election year with no landmark legislative accomplishments to tout. In coming days, Senate Republicans hope to pass a bill overhauling America’s tax code, but it is not clear they have the votes from their ... Read More »

US Coast Guard offloads US$23M in cocaine seized in Caribbean Sea, arrests 3 smugglers

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PETERSBURG: The United States Coast Guard says the crew of the Cutter Pelican has offloaded about one ton of cocaine, worth an estimated U.S. $23 million  in St. Petersburg, Florida that was seized in the Caribbean Sea. The Coast Guard said the offloading took place on Monday and three suspected smugglers were also arrested. The Coast Guard reports that while patrolling ... Read More »

US Coast Guard offloads US$23m in cocaine seized in Caribbean Sea, arrests 3 smugglers

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NEW YORK: The Coast Guard said the offloading took place on Monday and three suspected smugglers were also arrested. The Coast Guard reported that while patrolling during Operation Caribbe, on November 11, the crew seized more than 834 kg of cocaine from a suspect vessel that was located south of Jaragua in the Dominican Republic. While working under the direction ... Read More »

Washington imposes massive anti-dumping duties on Russian steel

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  NEW YORK: The US Commerce Department has concluded that carbon and alloy steel wire rod from Russia, Belarus, and the United Arab Emirates has been dumped on the US market at unfair prices. Russian steel faces the highest tariff of 756.93 percent. “The United States is dedicated to free, fair, and reciprocal trade with these countries, and this case ... Read More »

Customs and Border Protection caught off-guard by travel ban

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  WASHINGTON: Customs and Border Protection was caught off-guard by President Donald Trump’s travel ban despite being the entity responsible for implementing it, the Department of Homeland Security’s inspector general said. In letters sent Monday to members of the Senate, the inspector general’s office said the CBP leadership had “virtually no warning” the executive order was coming and “was caught ... Read More »

Customs and Border Protection seizes over $61K worth of narcotics

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  NEW YORK: U.S. Customs and Border Protection officers seized over $61,000 dollars’ worth of narcotics over the weekend at a Laredo port of entry. According to CBP, the seizure happened on November 18th at the Lincoln-Juarez Bridge when officers referred a 2006 Ford Explorer to secondary inspection. The vehicle was driven by a 34-year-old man from Monterrey, Nuevo Laredo. ... Read More »

Man arrested on gun-smuggling charge

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  NEW YORK: A man who is wanted in California for alleged gun smuggling and concealment was arrested Friday and was ordered to return to the state to answer to the charges. The U.S. Attorney’s Office filed a petition for writ of removal for Elmer Cuares. On Sept. 14 in the Northern District of California, an indictment was handed down ... Read More »

US, Poland energy deal bucks anti coal trend

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  NEW YORK: Polish coal trader Weglokoks is due to get its first ever shipment of US coal after Donald Trump has promised Poland’s pro-coal government US energy. The move comes as 19 nations signed a coal phase-out deal. The Navios Helios, a vessel carrying a 73,616-ton coal shipment for state-owned Weglokoks from Baltimore, is expected to enter the northern ... Read More »

US leads world in oil and gas production, IEA says

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NEW YORK: International energy markets are set for “major upheaval” as the US cements its status as the world’s largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency’s annual energy forecast. It believes that global energy demand will rise 30% by 2040, driven by higher consumption in ... Read More »

US Customs and Border Protection discovers 14 Blockchain use cases

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  NEW YORK: An advisory committee to the U.S. Customs and Border Protection (CBP) is looking into the applicability of the blockchain and how it can be used within the agency. According to a published report, the working group was established by the Commercial Customs Operations Advisory Committee (COAC) in September. It was initially set up by the COAC and ... Read More »