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Japanese farm exports likely to hit record high in 2015

TOKYO: Japanese exports of agricultural, forestry and fishery products as well as other foods are expected to hit a record high in 2015, agriculture minister Hiroshi Moriyama said. Exports of such products from January to October reached ¥602.9 billion, jumping 23.2 percent from the year before, and it is certain this year’s exports will surpass the annual record of ¥611.7 ... Read More »

Saudi Arabia lifts ban on Brazilian beef imports

BRASILIA: Saudi Arabia has agreed to lift a three-year ban on Brazilian beef imports which was imposed after confirmation of a 2010 case of atypical mad cow disease. Brazil and Saudi Arabia has signed a memorandum of agreement to open the Middle East to Brazilian beef exports, which could lead to Saudi Arabia importing approximately $150 million worth of beef ... Read More »

India to impose more curbs on steel imports

NEW DELHI: The government is readying to impose more curbs on steel imports, including introducing a safeguard duty, after a 20 per cent import tax failed to contain losses for producers such as Steel Authority of India. SAIL, JSW SteelBSE -1.30 % and Essar Steel have complained that surging imports from Indonesia, China, Japan, Russia, Ukraine and South Korea were ... Read More »

China foreign trade falls for 9th straight month

BEIJING: China has logged another month of weak trade, according to the latest data for November. The country’s major trading partners were hoping Chinese exports might level out in Q4, but they look set for disappointment. Chinese exports fell 6.8 percent in November from a year ago, customs data showed Tuesday. The fresh figures marked the fifth straight month of ... Read More »

Canada border agents seize club drug chemicals at airport

TORONTO: Border agents at Pearson airport intercepted a package with enough narcotics to make 53,000 doses of the date-rape drug. “This is one of the largest seizures we have been involved in,” Toronto Police Const. Victor Kwong said. “Without this being caught, there could have been 53,000 potential victims.” Two GTA men face drug charges after the bust on Nov. ... Read More »

Australia: NSW police seize ice after raiding unit in Sydney

SYDNEY: NSW police have seized a large quantity of the drug ice from a unit on Sydney’s north west. Officers were executing a search warrant at the unit in Meriton Street, Gladesville, when they uncovered “many kilograms” of methylamphetamine – also known as ice. Earlier police arrested a man 31-year-old man in Artarmon before heading to the Gladesville flat. Police ... Read More »

UN clears Greek-seized 16 armoured vehicles for delivery to Libya

TRIPOLI: The United Nations (UN) has ruled that a shipment of 16 armoured vehicles destined for Libya that were seized by Greece were being legally transferred. Greece announced in July that it had seized the vehicles (eight Streit Group Typhoon 4×4 mine-resistant, ambush-protected (MRAP) vehicles, five armoured Toyota Land Cruisers, two armoured BMW sedans, and one armoured Mercedes sedan) during ... Read More »

Cargo theft program launches in Western Canada

EDMONTON: The Insurance Bureau of Canada (IBC), along with law enforcement and provincial trucking associations in British Columbia, Alberta, Saskatchewan and Manitoba have announced that the highly successful cargo theft reporting program currently operating in Eastern Canada is expanding to the four western provinces. According to the Canadian Trucking Alliance, the rapidly escalating crime of cargo theft is costing Canadians ... Read More »

Hamilton Port Authority welcomes new Parrish & Heimbecker flour mill

HAMILTON: Hamilton Port Authority said it welcomes the announcement of a new flour mill to be constructed by Parrish & Heimbecker Ltd. at the Port of Hamilton. Ontario Minister of Agriculture, Food and Rural Affairs, Hon. Jeff Leal announced a provincial investment of $5 million toward the construction of the new mill. The new flour mill will be located on ... Read More »

Jamaica: tTech prepares December IPO

KINGSTON: Nine-year-old information technology service providers tTech Limited is seeking to raise $50.2 million with an initial public offering of 15.47 per cent of the company to the public, and a further 8.73 per cent of shares for selected applicants including employees. To be listed on the Junior Market of the Jamaica Stock Exchange (JSE), the company is using financial ... Read More »

Argentina receives 4 Russian transport ships

BUENOS AIRES: Four auxiliary transport ships that the Argentine Ministry of Defence (MoD) purchased from Russia through an agreement in late 2014 arrived at the Buenos Aires Naval Station on 5 December. The four maritime transport vessels (classified as ice class L1 by Russia) cost USD8.2 million, according to the MoD. The ships were built around 1990, are about 81.37 ... Read More »

Argentina: No to drug trafficking, yes to the fullness of life

BUENOS AIRES: The Argentine bishops’ conference issued “a strong call to conversion” to those involved in drug trafficking and dealing, urging them to take advantage of the Church’s Jubilee Year of Mercy which begins Dec. 8. “We are especially addressing those who belong to criminal groups, those who look with indifference upon the tragedy their brothers are going through, those ... Read More »

Argentina arrests 7 Syrians with fake Greek passports

BUENOS AIRES: Argentina has arrested seven Syrian citizens in Buenos Aires for using falsified Greek passports, continuing a trend of migrants from the troubled Middle Eastern nation using Latin America as a pathway to refugee status. The Syrians, who were detained in Buenos Aires in two operations that targeted false passport holders, said that they were refugees fleeing their home ... Read More »

Mexico announces $23b in refinery investments

MEXICO CITY: Mexico’s state-owned oil company says it will invest about $23 billion in upgrading refinery capacity, in part to produce cleaner gasoline. The Petroleos Mexicanos company will spend much of the money at six refineries to produce ultra-low-sulfur fuels, which it says will help reduce emissions. The company is known as Pemex. Its director said Tuesday that exploration this ... Read More »

Nigeria imports $1.3b milk products yearly: Ogbeh

Nigeria imports $1.3 billion worth of milk and dairy products annually, Minister of Agriculture and Rural Development Chief Audu Ogbeh said. The minister spoke while receiving delegates from Friesland Campina led by the company’s Chairman, Mr. Moyo Ajekigbe at the Ministry in Abuja. He said malnutrition is a major challenge among school children. The minister said: “Something must be done ... Read More »

S. Korean exports expect to log over $200m in 2015

SEOUL: South Korean beauty power house AmorePacific Co. is expected to log over US$200 million in exports this year, for the first time for a local cosmetics producer, on the back of brisk sales in China, according to data and industry officials Monday. AmorePacific exported cosmetics worth $182.52 million in the January-October period, the latest figures available by the Korean ... Read More »

Fruit exports increase New Zealand wholesale trade sales

WELLINGTON: Fruit exports drove a surge in New Zealand’s wholesale trade sales in the quarter to the end of Septembers, the government statistics agency said Monday. Total sales rose 3.1 percent, to 23.6 billion NZ dollars (15.83 billion U.S. dollars) year on year, after a 0.1-percent rise in the June quarter, according to Statistics New Zealand. The largest increase was ... Read More »

Ishaq Dar chairs Monetary and Fiscal Policies Coordination Board meeting

ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired the Monetary and Fiscal Policies Coordination Board meeting here. The Secretary Finance briefed the meeting that headline inflation (CPI has been contained at 1.86% during first five months of current fiscal year as compared to 6.45% of the corresponding period last year. Effective monetary policy along with better supply ... Read More »

Qatar exports to UAE reach at QAR4.7b

DOHA: The Gulf Cooperation Council (GCC) ranked third as a destination for Qatari exports and represented 9.4 per cent of the country’s total exports. In addition to that, the GCC received 16.2 per cent of the total imports, shows a report. The quarterly report issued by Qatar’s Ministry of Development Planning and Statistics revealed that the UAE ranked first among ... Read More »

Malaysian exports rise 16.7% YoY

KUALA LUMPUR: Malaysia’s exports surged but largely due to valuation effect from weaker currency. Export sales for October rose by a stunning 16.7% YoY. This is the fifth consecutive month of increase, the highest since April 2014 and also more than twice the 7.9% expectation from consensus forecast. Imports shrunk by 0.4% YoY, which brought about a trade surplus of ... Read More »