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Canadian producer prices drop for 4th consecutive month

OTTAWA: Producer prices fell 0.2 percent in November, their fourth consecutive drop, on lower prices for precious metals such as gold and silver, Statistics Canada said on Tuesday. Market operators polled by Reuters had forecast no change from October. Among the 21 major commodity groups, 11 rose, eight declined and two were unchanged. Prices for primary non-ferrous metal products dropped ... Read More »

Toronto deemed top global tourist destination for 2016

TORONTO: Toronto has made it onto the New York Times’s list of 52 top global tourist destinations for 2016, at No. 7. The publication says Toronto is “ready for its close-up”, and has been “quietly slipping out of the shadow of Montreal and Vancouver.” It singles out the public art, green spaces, bike paths and promenades of Queen’s Quay on ... Read More »

Canada adds 22,800 jobs in December

TORONTO: Canada’s job market added nearly 23,000 jobs in December, but the unemployment rate stayed level at 7.1 per cent. Ontario was the only province to post a jobs increase, according to Statistics Canada figures released. Everywhere else, the figure was either flat or declined. The strong figure was much better than what analysts polled by Bloomberg were expecting — ... Read More »

Diana Shipping Inc. signs loan facility with The Export-Import Bank of China

ATHENS: Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk ... Read More »

US corn steadies, gains capped by sluggish exports

NEW YORK: US corn futures steadied on Friday but remained in striking distance of the prior session’s seven-month low as sluggish exports and ample supplies continued to weigh. Chicago wheat and soybean prices edged up as the market began to focus on closely watched reports on grains stocks and winter wheat plantings to be issued by the US Department of ... Read More »

Canadian salmon production recovery pushes 2015 US imports past 400m pounds

OTTAWA: The return of Canadian whole salmon production and the growth of fresh Chilean salmon fillet exports to record levels has pushed US salmon imports over 400 million pounds for the first time, as of November. At the same time wholesale prices are near three-year-lows in 2015. An Urner Barry calculation of total fresh salmon imports to the US market ... Read More »

US producers turn down bird flu vaccine fearing trade ban

NEW YORK: Determined to avoid a repeat of the nation’s worst-ever avian-influenza outbreak, the US Department of Agriculture is stockpiling up to 500 million doses of a new vaccine – but many in the $48 billion poultry industry don’t want it. While turkey farmers hit hard by the most-recent outbreak support the shots, chicken producers say vaccinating even a portion ... Read More »

US Border Patrol Investigation leads to apprehension of felon

NIAGARA FALLS: U.S. Border Patrol Agents assigned to the Niagara Falls Border Patrol Station assisted the New York State Parks Police with an investigation that led to the arrest of Robert E. Macleod, age 44, of Niagara Falls, N.Y. Macleod was charged with assault and robbery of a Japanese citizen visiting Niagara Falls State Park. On December 28th, a New ... Read More »

US Border Patrol to host media day for virtual training simulator

TUCSON: The Tucson Sector Border Patrol will host a media day Jan. 12, 2016, at Sector Headquarters on South Swan Road to demonstrate our new “VirTra” virtual training simulator. Space is limited to six media outlets. RSVPs are on a first-come, first-serve basis and are required to participate. Please respond no later than noon, Jan. 8, by emailing [email protected] Media ... Read More »

Mexico recaptures drug boss ‘Chapo’ Guzman: Pena Nieto

MEXICO CITY: Mexico has recaptured the world’s most notorious drug lord Joaquin “El Chapo” Guzman, President Enrique Pena Nieto said via Twitter on Friday, six months after he broke out of a high security prison through a tunnel. Guzman, who Pena Nieto first nabbed in 2014, also escaped from prison in 2001 after a prior capture in 1993. Read More »

Mexico doubles fishmeal exports to China in last five years

MEXICO CITY: The Mexican states of Sonora and Sinaloa exported some 215,000 metric tons of fishmeal to China in 2015; almost double the quantity seen five years ago. The state of Sonora is the largest exporter of fishmeal, with export volumes of 213,078t, as Sinaloa shipped 1,834t to China, according to Mexico’s Secretariat of Agriculture, Livestock, Rural Development, Fisheries and ... Read More »

Canada Revenue Agency auditor to be sentenced for soliciting bribe

OTTAWA: The first Canada Revenue Agency auditor to be convicted following a police investigation into alleged corruption at the agency’s Montreal office is expected to learn later this month whether he will serve time behind bars for soliciting a bribe from a restaurant owner. On Thursday, Crown prosecutor Catherine Legault recommended that Francesco Fazio, 58, serve a three-year prison term ... Read More »

Canada Revenue Agency scam hits East Zorra Tavistock

EAST ZORRA TAVISTOCK: Oxford County OPP are warning the public about a popular scam that is making the rounds in East Zorra Tavistock. Police were contacted by a resident who received a phone call from a scammer pretending to represent the Canada Revenue Agency. The resident told police the man was very aggressive on the phone claiming to be a ... Read More »

Nigeria: NCAN targets N80b from cashew export

ABUJA: The National Cashew Association of Nigeria (NCAN) is targeting about N80 billion from cashew export this year, its spokesman, Mr. Sotonye Anga, has said. Anga told News Agency of Nigeria (NAN) on the sideline of the ‘Second Annual Cashew Logistics Meeting’ in Lagos that shipping lines had recognised cashew as revenue generating cash crop and contributor to the country’s ... Read More »

Nigeria: EFCC raids former Customs CG’s residence

ABUJA: Operatives of the Economic and Financial Crimes Commission on raided the residence of a former Comptroller-General of the Nigeria Customs Service, Abdullahi Dikko, in Abuja. The anti-graft personnel were said to have arrived at the house located at 6, Ahmed Musa Crescent, Jabi, at about 7am. The News Agency of Nigeria learnt that Dikko was not at home when ... Read More »

Jamaica economy to grow 2.1% in 2016: World Bank

KINGSTON: The World Bank forecasts 2.1 per cent growth for Jamaica in 2016 while lauding increased consumer confidence amid international lending arrangements. The growth in the island trails the Global forecast of 2.9 per cent but massively beats the regional forecast set at 0.1 per cent for Latin America and Caribbean in 2016. “In contrast, Jamaica saw growth pick up, ... Read More »

Jamaica lifts ban on travelers from Ebola-affected countries

KINGSTON: Government has lifted the ban it introduced more than a year ago on people entering the island from countries affected by the deadly Ebola virus. The Ministry of National Security made the announcement yesterday, saying the decision recently taken by Cabinet followed recent indications from the World Health Organization (WHO) about the reduction of cases worldwide, especially in countries ... Read More »

Jamaica Customs urges importers to adhere to importation regulations

KINGSTON: The Jamaica Customs Agency (JCA) is urging importers to adhere to regulations governing the importation of commercial and non-commercial goods, in order to prevent being breached for contravention of the Customs Laws. According to the CEO/Commissioner of Customs, Major (Ret’d) Richard Reese, the JCA has had to deal with several cases in which persons and entities are found in ... Read More »

Venezuela economy head calls for creativity as oil hits new low

CARACAS: Venezuela’s new economy minister, who has argued that inflation doesn’t exist “in real life,” said policies to be announced on Jan. 12 would seek to avoid sacrifices by ordinary people as the price the South American country receives for oil exports plunges to a 12-year low. “Our goal is to see how we can respond to these external restrictions ... Read More »

Colombia seizes 6,000 gallons of smuggled Venezuelan gasoline

BOGOTA: The Colombian army seized 6,298 gallons (22,710 liters) of contraband Venezuelan gasoline and detained six people on smuggling charges, the military said. The operation was carried out by troops from the Juan Jose Rondon Armored Cavalry Battalion in the northern province of La Guajira, along the border with Venezuela, the army said in a statement. The smugglers offered the ... Read More »