Trade & Commerce

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    S Korea stops Iranian oil imports in May as sanction waivers end

    Reuters . Seoul | Updated at 12:20am on June 16, 2019

    South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on US sanctions against Iran ended at the...

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    FBCCI finds proposed budget pro-business

    United News of Bangladesh . Dhaka | Updated at 05:05pm on June 15, 2019

    The Federation of Bangladesh Chambers of Commerce and Industry has dubbed the proposed national budget for the 2019-20 fiscal year a ‘business-friendly’ one. ‘We thank...

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    Australia dominates China’s LNG supply

    Reuters . Singapore | Updated at 12:20am on June 15, 2019

    Australia’s fast-expanding liquefied natural gas industry has this year been supplying the lion’s share of China’s growing demand for imports of the commodity, with appetite...

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    7.5pc VAT imposed on e-commerce services

    Staff Correspondent | Updated at 12:20am on June 15, 2019

    The government in the proposed national budget has imposed 7.5 per cent value-added tax on e-commerce services and raised the VAT on branded and non-branded...

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    US retail sales rise solidly in May

    Reuters . Washington | Updated at 12:20am on June 15, 2019

    US retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears...

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    India gold discounts at 5-month high

    Reuters . Mumbai/Bengaluru | Updated at 12:15am on June 15, 2019

    Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and...

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    VW to float 10pc of truck unit, seeks to raise 1.9b euros

    Reuters . Frankfurt | Updated at 12:15am on June 15, 2019

    Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to...

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    Japan’s May exports seen falling for 6th month: poll

    Reuters . Tokyo | Updated at 12:15am on June 15, 2019

    Japan’s exports likely fell at a faster pace in May, down for the sixth straight month, as the US-China trade war takes a toll on...

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    US farmers experimenting with hemp as China trade war drags on

    Reuters . Haysville | Updated at 12:15am on June 15, 2019

    A growing number of US farmers battered by low grain prices and the threat of a prolonged trade war with China are seeking salvation in...

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    China’s May industrial output growth cools to 17-year low

    Reuters . Beijing | Updated at 12:15am on June 15, 2019

    China’s economy flashed more warning signs in May as the United States ramped up trade pressure, with industrial output growth unexpectedly slowing to a more...