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Tag Archives: 2016

Brazil extends aluminum imports tariff exemption until August 17, 2016

BRASILIA: Brazil has renewed for another year the import tariff exemption on primary aluminium, as falling local production proves insufficient to meet market demand. The country’s foreign trade council, Camex, has extended the exemption for unwrought aluminium imports until August 17, 2016, according to a resolution published in Brazil’s official gazette. A total of 650,000 tonnes of imported metal will ... Read More »

Brazil extends aluminum imports tariff exemption until August 17, 2016

BRASILIA: Brazil has renewed for another year the import tariff exemption on primary aluminium, as falling local production proves insufficient to meet market demand. The country’s foreign trade council, Camex, has extended the exemption for unwrought aluminium imports until August 17, 2016, according to a resolution published in Brazil’s official gazette. A total of 650,000 tonnes of imported metal will ... Read More »

Bank of Italy: Economy to expand by more than 0.5pc this year

MILAN: Ignazio Visco, Bank of Italy Governor said the Italian economy is expected to grow more than previously forecast this year and the next as a result of the European Central Bank’s bond buying program Visco said the Italian central bank now expects the euro area’s third largest economy and it’s most sluggish to expand by more than 0.5 per cent this year and more ... Read More »

Japanese PM Shinzo Abe plans to lower corporate tax rate by 2.5%

TOKYO: One of the highest among major economies, Japan’s government is considering lowering the corporate tax rate by 2.5 percentage points next fiscal year to increase corporate competitiveness. Shinzo Abe Japanese Prime Minister had been planning to lower the corporate tax rate over several years to around 20 percent from more than 35 percent currently. Abe wants to make a ... Read More »

Hon Hai invests $2.8b to branch out electronics manufacturer in Taiwan

NEW TAIPEI: The world’s largest contract electronics manufacturer  Hon Hai Precision Industry Co Ltd will partner with flat-panel maker Innolux Corporation in investing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan. Hon Hai is trying to branch out aggressively by finding new revenue sources beyond contract assembly for the likes of Apple Inc . Earlier this year it bought stakes ... Read More »

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