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Author Archives: CT Report

Indian Customs seizes 395kg gold worth Rs 10.6 million

MUMBAI: The Air Intelligence Unit (AIU) of customs has nabbed a person with gold worth Rs 1.61 crore at the city airport. According to sources, he has been arrested and booked under the Indian Customs Act, and the gold seized. With this, the AIU has seized a total of 395 kilogrammes of gold till date from Mumbai airport. Sources said ... Read More »

Researchers unveil secrets of Aussie ‘resurrection’ grass

HONG KONG: A native Australian grass that “plays dead” during droughts and selectively culls its own cells to survive could provide genetic keys to help world food crops like chickpea withstand global climate change. QUT researchers have been studying the native grass, Tripogon loliiformis, because of its amazing ability to survive extreme environmental stresses. Like other so-called ‘resurrection plants’, the ... Read More »

Japan stocks slump by midday, Topix skids 1pc

TOKYO: Japan’s stocks fell as a rout in oil prices dragged energy shares lower, outweighing a report showing the nation’s economy avoided a recession. The Topix index lost 1 percent as of 12:46 p.m. in Tokyo, reversing a gain of as much as 0.3 percent. Energy explorer Inpex Corp. sank 5.2 percent as crude held near a six-year low. Japan’s ... Read More »

Dar defends ordinance to turn PIA into company

ISLAMABAD: Federal Finance Minister Ishaq Dar has defended the conversion of the national-flag carrier, Pakistan International Airlines (PIA), into a private company limited, saying that the objective of the ordinance was to turn PIA into a corporate entity so that it operates in an autonomous manner. Ishaq Dar assured the National Assembly that through the ordinance, the assets and liabilities ... Read More »

Chinese iron ore imports surge 22% in Nov from 2014

SHANGHAI: Chinese iron ore imports surged 22 per cent in November from a year earlier, customs data showed, as big miners in Australia and Brazil won market share even as steel output cuts push the price of the raw material lower. November shipments rose to 82.13 million tonnes, data from the General Administration of Customs showed, also up 8.8 per ... Read More »

South Korean stocks plunge 0.37% by midday, KOSPI drops 7.2pts 

SEOUL: South Korean stocks traded 0.37 percent lower late Tuesday morning as investors remained cautious after crude prices plunged to a near seven-year low. The benchmark Korea Composite Stock Price Index (KOSPI) lost 7.2 points to 1,956.47 as of 11:20 a.m. Oil refineries traded in negative territory, with industry leader SK Innovation falling 2.33 percent and No. 3 S-Oil dropping ... Read More »

Hong Kong stocks shed at noon, Hang Seng down 1.7pc 

HONG KONG: Hong Kong and mainland China markets suffered deepening losses as the morning session progressed on Tuesday, tracking weakness in US stocks after crude oil tumbled to a nearly seven-year low amid concerns that the major oil producing nations are unable to reach an agreement to curb a growing supply glut. The Hang Seng Index was quoted at 21,833 ... Read More »

India’s excise seizes 40 small packets of ganja

KERALA: In a raid carried out by a team from the Kollam excise circle office at the Paripally public market on Monday, a 45-year-old man was arrested following the seizure 40 small packets of ganja from him. The arrested man was identified as Shanu, a native of Ezhipuram near Paripally. Excise inspector P.J. Andrews who headed the team said that ... Read More »

Tokyo stocks tumble at noon, Nikkei 225 sheds 203.17pts

TOKYO: Tokyo stocks fell Tuesday morning, with investor sentiment stifled by declines in U.S. equities overnight amid plunging oil prices, despite an upward revision to Japan’s July-September gross domestic product data. The 225-issue Nikkei Stock Average shed 203.17 points, or 1.03 percent, from Monday to end the morning at 19,494.98. The broader Topix index of all First Section issues on ... Read More »

U.S police seize six pounds of marijuana

SPRINGFIELD: Pounds of marijuana and guns were among items seized in an undercover drug investigation. Clark County sheriff’s deputies on Dec. 4 conducted an undercover drug investigation in the area of 700 block of Knickerbocker Avenue when a deputy attempted to conduct a traffic stop on a vehicle. The vehicle failed to yield to the marked sheriff’s vehicle with lights ... Read More »

China imports decrease reflect manufacturing flaw

BEIJING: Weak demand at home and overseas dented Chinese imports and exports alike last month, reflecting ongoing weakness in the economy. Imports fell 8.7 per cent in US dollar terms in November compared with a year earlier, trimming losses after a 12.6 per cent drop in October, customs data showed on Tuesday. Exports for November fell 6.8 per cent year-on-year, ... Read More »

Jamaica police seize 900 pounds of ganja

ST ANN: The Area Two Narcotics Police are reporting the seizure of nearly 900 pounds of ganja in Maamee Bay, St Ann over the weekend. The seizure has sparked a probe spanning multiple parishes into activities suspected to be related to the guns for drugs trade between Jamaica and Haiti. Reports are that about 6:00 pm on Saturday the lawmen, ... Read More »

China stocks lower at lunch time, Shanghai Composite dips 1.3pc 

SHANGHAI: China stocks ended Tuesday morning sharply lower, as disappointing China trade data and slumping oil prices unnerved investors already cautious ahead of an anticipated U.S. rate hike next week that could trigger more capital outflows. China’s blue-chip CSI300 index fell 1.2 percent, to 3,642.32 points by lunch break, while the Shanghai Composite Index lost 1.3 percent, to 3,489.88 points. ... Read More »

Astronomers discover a group of galaxies in distant Universe

HONG KONG: A team of Japanese astronomers has used the European Southern Observatory’s (ESO) Atacama Large Millimeter/submillimeter Array (ALMA) to spot a group of huge, youthful galaxies in the distant Universe. The discovery helps us to understand the formation of such galaxies, and how they evolve into the elliptical galaxies we see today. In comparison to earlier periods in its ... Read More »

UK authorities seize counterfeit goods worth £500,000

LONDON: More than £500,000 worth of counterfeit goods – including teddy bears, football shirts and illegal condoms – were seized in a pre-Christmas raid in central London. The crackdown targeted 10 stores in and around the famous Trocadero Centre in Piccadilly Circus. Among the haul recovered from traders were fake Minions clothing, condoms emblazoned with an offensive slogan and unlicensed ... Read More »

Serbian police seize 16kg of heroin

SERBIA: Two people were arrested Sunday when Serbian police found more than 16 kilograms of heroin hidden in a truck crossing into the country at its border with Bulgaria. The seizure followed months of investigation. Police say they found 15 packages containing 16.13 kilograms of heroin in hidden compartments. “First analysis results show that the heroin is of great purity, ... Read More »

Yen jumps in Asian trade

LONDON: The yen rose on Tuesday in Asia after an upward revision to the Japanese growth rate lessened speculation for additional easing steps by the Bank of Japan. Broad falls in Asian stocks following sharp drops in crude oil overnight also contributed to gains in the Japanese currency, a perceived safe haven asset. Data released Tuesday showed Japan’s gross domestic ... Read More »

Stanford scientists develop ‘Shazam for earthquakes’

CANADA: An algorithm inspired by a popular song-matching app is helping Stanford scientists find previously overlooked earthquakes in large databases of ground motion measurements. They call their algorithm Fingerprint And Similarity Thresholding, or FAST, and it could transform how seismologists detect microquakes – temblors that don’t pack enough punch to register as earthquakes when analyzed by conventional methods. While microquakes ... Read More »

CO2 increase in atmosphere over the 20th century

HONG KONG: Researchers at Umeå University and the Swedish University of Agricultural Sciences have discovered that increasing levels of CO2 in the atmosphere have shifted photosynthetic metabolism in plants over the 20th century. This is the first study worldwide that deduces biochemical regulation of plant metabolism from historical specimens. The findings are now published in the leading journal PNAS and ... Read More »

US Customs intercepts 4.9 pounds of ice worth $850,000

NEW YORK: The Division of Customs of the Department of Finance has intercepted another shipment of ice from China, this time weighing 4.9 pounds and worth over $800,000. In a press conference Monday morning, Customs Director Jose Mafnas said the ice was discovered on Dec. 2 in a 40-foot Sunleader container which had multiple consignees, one identified as Cai Shi ... Read More »