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Tag Archives: Trade

Finland’s international trade services surplus increase by 10% to €1b

HELSINKI: According to Statistics Finland’s preliminary data,tThe surplus in international trade in services grew by over ten per cent in 2014 compared with the previous year,. A majority of the growth is explained by exports of computer software that grew by more than EUR one billion. Both computer software and other computer and information services are good EUR two billion ... Read More »

New Zealand terms of trade rise 1.5% in Q1 as imported petrol prices slump

WELLINGTON: New Zealand’s terms of trade rose in the first three months of the year, snapping two quarters of decline, as a slump in the price of imported petrol offset weaker prices for dairy exports. The terms of trade rose 1.5 per cent in the first quarter, according to Statistics New Zealand. That lagged behind the 1.7 per cent gain ... Read More »

South Africa’s April trade deficit R2.51b as imports, exports fall

CAPE TOWN: South Africa’s trade data was better than expected last month as both imports and exports fell, the revised figure for March 2015 showed the trade deficit widened in April 2015. South African Revenue Service data on Friday showed the trade balance recorded a smaller than expected deficit of R2.51bn in April after recording a R9m deficit in March, ... Read More »

Hungary’s trade surplus reaches €929 m in March 2015

BUDAPEST: Hungary saw a €929 million trade surplus in March, with exports rising by a year on year 13% to €8.257 billion and imports rising by a year on year. 9.8% to €7.327 billion, the Central Statistics Office (KSH) confirmed in a second reading of data this morning. The surplus on the trade balance was €289 million more than in ... Read More »

South Africa’s April trade deficit R2.51b as imports, exports fall

CAPE TOWN: South Africa’s trade data was better than expected last month as both imports and exports fell, the revised figure for March 2015 showed the trade deficit widened in April 2015. South African Revenue Service data on Friday showed the trade balance recorded a smaller than expected deficit of R2.51bn in April after recording a R9m deficit in March, ... Read More »

South African April trade deficit R2.51bn as imports, exports fall

CAPE TOWN: South Africa’s trade data was better than expected last month as both imports and exports fell, although the revised figure for March showed the trade deficit actually widened in April 2015. South African Revenue Service data on Friday showed the trade balance recorded a smaller than expected deficit of R2.51bn in April after recording a R9m deficit in ... Read More »

South African April trade deficit R2.51bn as imports, exports fall

CAPE TOWN: South Africa’s trade data was better than expected last month as both imports and exports fell, although the revised figure for March showed the trade deficit actually widened in April 2015. South African Revenue Service data on Friday showed the trade balance recorded a smaller than expected deficit of R2.51bn in April after recording a R9m deficit in ... Read More »

Italy, Iran ink trade insurance deal

TEHRAN: Iran and Italy on Sunday signed a bilateral trade insurance agreement which is expected to help facilitate commercial transactions between the two countries, specifically once the US-engineered sanctions against Iran are lifted. The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy’s Servizi Assicurativi del Commercio Estero (SACE) in a ceremony held in the Italian ... Read More »

34 Irish companies in South Africa for Enterprise Ireland trade mission

DUBLIN: Thirty-four Irish companies have travelled to South Africa this week for a four-day Enterprise Ireland trade mission that will include events in Johannesburg and Cape Town. The mission is being led Minister for Foreign Affairs and Trade, Charlie Flanagan, accompanied by Enterprise Ireland CEO, Julie Sinnamon. It will include five business networking opportunities and more than 200 buyer events. ... Read More »

Commodities trader Cargill to acquire Turkey’s Ekol Gida

ANKARA: Commodities trader Cargill said on Wednesday its animal nutrition business has agreed terms to acquire a 51 percent stake in Ekol Gida, which operates in premixes and feed additives markets in Turkey. The deal, which is subject to regulatory approvals, is expected to close in summer 2015.  No financial details have been disclosed. Customers will gain access to Cargill’s ... Read More »

Italy, Iran ink trade insurance deal

TEHRAN: Iran and Italy on Sunday signed a bilateral trade insurance agreement which is expected to help facilitate commercial transactions between the two countries, specifically once the US-engineered sanctions against Iran are lifted. The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy’s Servizi Assicurativi del Commercio Estero (SACE) in a ceremony held in the Italian ... Read More »

Inter-Korean trade declines

SEOUL: Inter-Korean trade volumes fell more than 10 percent in April amid growing tensions over a wage dispute at the Kaesong Industrial Complex.According to figures released by South Korea’s Customs Service, trade between North and South Korea reached $211 million last month, a 12 percent drop from March. The decline in trade is mainly due to a decrease in shipments ... Read More »

Trade Balance deficit drops about 10% TO JD2.3b in Q1- 2015

AMMAN: The Kingdom’s trade balance deficit decreased by about 10 percent in the first quarter of this year, reaching JD1.2 billion, compared to JD2.3 billion in 2014. The deficit decrease was driven by the reduction of exports percentage which hit 13.3 percent, in addition to imports’ falling by 10 percent, General Statistics Department’s data said. Data showed that exports overall’s ... Read More »

Trade Balance deficit drops about 10% TO JD2.3b in Q1- 2015

AMMAN: The Kingdom’s trade balance deficit decreased by about 10 percent in the first quarter of this year, reaching JD1.2 billion, compared to JD2.3 billion in 2014. The deficit decrease was driven by the reduction of exports percentage which hit 13.3 percent, in addition to imports’ falling by 10 percent, General Statistics Department’s data said. Data showed that exports overall’s ... Read More »

Eurozone trade surplus at €23.4b in March 2015

HELSINKI: The Eurozone international trade in goods was expected to witness a surplus of 23.4 billion euros (26.18 billion U.S. dollars) in March, up from 16.1 billion euros in March 2014, the statistical office of the European Union (EU) Eurostat said on Tuesday. On a year-on-year basis, seasonally adjusted exports and imports rose by 11 percent and 7 percent respectively ... Read More »

Indian trade deficit widens to $10.99b in April against $10.09b

NEW DELHI: Trade deficit widens to $10.99 b in April against $10.09 b a year earlier but was narrower than March figure of $11.79 b. Contracting for the fifth straight month, India’s export growth shrank 14 per cent in April to $22.05 billion. Exports growth had slid to 21 per cent in March, the biggest fall in the last six ... Read More »

Exchange Traded Funds gain huge popularity in recent times with Irish investors

DUBLIN: Exchange Traded Funds (ETFs) have gained huge popularity in recent times with Irish investors; however, there has been much complexity and uncertainty in relation to their tax treatment. The concept of an ETF is not specifically provided for in Irish tax legislation. It depends on the legal form and characteristics of the ETF whether it falls under general Irish ... Read More »

Toyota, Nissan decide to recall 6.56m vehicles world-wide due to air bags issue

TOKYO: Toyota and Nissan said they are recalling a total of 6.56 million vehicles world-wide after finding a risk of moisture intrusion on certain types of air bags made by Takata Corp. The Toyota recall of around 5 million vehicles globally affects 35 models produced between March 2003 and November 2007, including 1.36 million units in Japan and 637,000 in ... Read More »

Exchange Traded Funds gain huge popularity in recent times with Irish investors

DUBLIN: Exchange Traded Funds (ETFs) have gained huge popularity in recent times with Irish investors; however, there has been much complexity and uncertainty in relation to their tax treatment. The concept of an ETF is not specifically provided for in Irish tax legislation. It depends on the legal form and characteristics of the ETF whether it falls under general Irish ... Read More »

Germany could face fines for endangering eurozone stability

BERLIN: If EU law were properly enforced, Germany would face fines for endangering eurozone stability and breaching the Macroeconomic Imbalance Procedure for the fifth year in a row Germany’s current account surplus is out of control. The European Commission’s Spring forecasts show that it will smash all previous records this year, reaching a modern-era high of 7.9pc of GDP. It ... Read More »