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Author Archives: CT Report

China stocks edge up at end, Shanghai Composite gains 0.3

SHANGHAI: China stocks edged up on Monday, with investors rotating from property companies back into tech and healthcare, sectors that Beijing hopes will be new engines of growth. The blue-chip CSI300 index rose 0.3 percent, to 3,687.61, while the Shanghai Composite Index also gained 0.3 percent, to 3,536.93 points. But reflecting investor caution, trading volume in Shanghai shrank to a ... Read More »

Vietnamese rubber firms urged to improve processing

HCM CITY: Vietnamese rubber companies have been urged to improve processing and management technologies and product quality to raise competitiveness. Speaking at the Global Rubber conference in HCM City on Friday, Abdul Aziz Kadir, secretary general of the International Rubber Research Development Board (IRRDB), said with a high inventory coupled with public debt in the EU and Chinese economy showing ... Read More »

Coal stocks at key Indian ports rise 2.4% in December

BEIJING: Coal stocks at 17 major Indian ports totaled 12.57 million mt as of December 4, up 2.4% week on week, data released by Indian shipbroker Interocean on Friday showed. The stockpile comprised 10.29 million mt of thermal coal, up 1.7% from 10.12 million mt the previous week; and 2.10 million mt of coking coal, marginally down 0.2% over the ... Read More »

Cargo from Turkish ships blocked at Russian Black Sea port

LONDON: Turkey released three of four Russian ships that it detained this month at a Black Sea port for maritime safety violations, according to data on the website of Port State Control for the Black Sea. The action at the port of Samsun came after Russia held five Turkish ships for port inspections at Novorossiysk, according to two port officials ... Read More »

Russian ships released after correcting safety violations

HONG KONG: The action at the port of Samsun came after Russia held five Turkish ships for port inspections at Novorossiysk, according to two port officials who requested anonymity because they weren’t authorized to speak to the media. All the vessels have been released by the Russians. Three of four Russian ships departed Samsun on Friday after making repairs to ... Read More »

India’s Adani Group, now the nation’s largest private port operator

MUMBAI: India’s Adani Group, now the nation’s largest private port operator, has eyes on making overseas terminal acquisitions. The company held a groundbreaking ceremony yesterday for its long awaited Vizhinjam transhipment terminal in the south of India. Karan Adani said the company was looking to invest in ports in four nearby countries as well as three more on home soil ... Read More »

Vietnam observes renewable energy

HCM CITY: Reducing the use of scarce natural resources through measurement of energy efficiency is critically needed to meet the energy demand of a growing economy like Viet Nam, Vu Van Khiem, director general of the Ministry of Science and Technology’s National Office of the Southern Region, has said. Speaking at a three-day training conference on sustainable energy technology last ... Read More »

Australian stocks surge at close, S&P 200 up 4.1pts

PERTH: The Australian sharemarket ran out of steam to close flat, after having earlier galloped out of the stalls on a wave of optimism following fresh signs of robust health in the world’s largest economy. At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index was up 4.1 points, or 0.08 per cent, at 5155.7, while the broader All ... Read More »

Japan stocks rebound at end of day, Nikkei gains 1pc

TOKYO: Japanese stocks rebounded on Monday after upbeat US jobs data suggested the world’s biggest economy is in a strong position to sustain an expected Federal Reserve rate hike this month, boosting sentiment in the broader market. The Nikkei share average gained 1 per cent to end the day at 19,698.15, recovering just under half of the 2.2 per cent ... Read More »

Pak rupee strengthens by 50 paisas to reach 106.65

KARACHI: The Pakistani rupee Monday further gained value against the US dollar in open market and remained firm in interbank. According to the local money market, the US dollar shed 50 paisas in the cash-free market to reach 106.65 and remained firm in interbank at 105.20. On Friday, the greenback lost 35 paisas in open market for selling at 107.15 ... Read More »

Archaeologists expose rare biblical-era seal impression in Jerusalem

CANADA: A team of archaeologists has revealed that they successfully excavated a rare seal belonging to biblical-era. The seal discovered in Jerusalem has an impression bearing the name of King Hezekiah. A team of experts from the Institute of Archaeology in the Hebrew University of Jerusalem, led by Dr. Eilat Mazar, said they have found an oval seal impression. The ... Read More »

Vietnam transport faces strong targets

HANOI: Viet Nam will transport between 500 million and 600 million tonnes of goods this year by sea, the Vietnam Maritime Administration (Vinamarine) has said. The Vinamarine hopes to transport between 900 million to 1.1 trillion tonnes by 2020, by sea, which has seen the strongest development in the country’s industrial transport sector. With advantages including its geographic position and a ... Read More »

Astronaut Tim Peake prepares for historic trip to ISS

HONG KONG: Britain’s first official astronaut Tim Peake is in Kazakhstan counting down the days before his historic journey to the International Space Station (ISS) on December 15. The run-up to the launch is being spent setting up experiments, undergoing medical check-ups and physical training, and reviewing flight plans. During this time Major Peake, 43, and his two crew companions ... Read More »

Astronomer discovers faintest object ever seen in early universe

NEW YORK: Harnessing the combined power of NASA’s Hubble and Spitzer space telescopes, astronomers have found the faintest object ever seen in the early universe. It existed about 400 million years after the big bang, 13.8 billion years ago, the researchers estimated. The team has nicknamed the object Tayna, which means “first-born” in Aymara, a language spoken in the Andes ... Read More »

Export earning sees 13.73% growth in Nov 2015

DHAKA: Country’s export earnings in this November registered a healthy growth of 13.73 percent totaling $2,749.34 million against $2,417.43 million fetched during the corresponding period last year. The remarkable growth is attributed to moderate performance of knitwear, woven garment, jute and jute-made goods, agricultural and leather products. The single-month export performance was also 16.70 percent higher than the strategic target ... Read More »

NASA releases clearest black and white images of Pluto’s surface

EUROPE: NASA just released the clearest black and white images of Pluto’s surface that could define what humans will think of the dwarf planet for decades. The New Horizons Spacecraft beamed back to Earth tons of close up images of Pluto showing its craters, mountains, icy surface and a 50-mile-wide glacial terrain. The spacecraft made it closest and complete flyby ... Read More »

John Deere India 10% jump in exports in FY16

NEW DELHI: Tractor maker John Deere India is aiming for a 10 per cent jump in exports at 27,500 units this fiscal on likely increase in demand for its new models in countries like the US and Thailand. The Pune-based company had exported 25,000 units worth Rs 2,750 crore in the 2014-15 fiscal (November-October) to countries including the US, Europe, ... Read More »

Bangladesh earns $12.88b from exports in first 5 months of ongoing fiscal

DHAKA: Bangladesh has earned $12.88 billion from exports in the first five months of the ongoing fiscal, registering a 6.71 percent rise over the same period the previous financial year. The income in this past November also surged 13.73 percent from the same month last year. Export Promotion Bureau’s Vice-Chairman Shubhashish Basu and BKMEA President AKM Selim Osman think political ... Read More »

Biblical King’s seal found in a dump site

MALI: No one would have thought that rare piece of artifact from the 8th century, a Biblical King’s seal will be found in a dump site.The seal was for a papyrus document signed by one of the kings of Judah. The piece of clay was hidden so well that it took 2,700 years for it to be discovered in Jerusalem. ... Read More »

US space agenc releases best close-ups of Pluto

WASHINGTON: The US space agency has released a series of sharp Pluto snapshots, billing them as the best close-ups of the dwarf planet we may see for decades. On July 14, NASA’s New Horizons became the first spacecraft to pass by Pluto, offering scientists unprecedented insight. Previously released high-resolution images from that historic flyby have revealed unparalleled geographical variety on the ... Read More »