xinhua

TEHRAN: Iran held talks with Australia and Brazil for the export of hexamine to both countries in the near future, an Iranian trade official was quoted as saying by Press TV on Tuesday. According to Hamed Vahedi, a member of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, the talks with Australia over exporting hexamine […]

CANBERRA: The Australian government is struggling to clamp down on a gold scam which has left Australian taxpayers more than 430 million U.S dollars out of pocket, an industry insider told local media on Tuesday. The scam – in which gold bullion is purchased tax free (as is allowed under Australian law) – involves criminals […]

HANOI: Vietnam’s agro-forestry-fishery export revenue is expected to set a record high of 32.1 billion U.S. dollars in 2016, some 1.7 billion U.S. dollars higher than that of 2015, despite harsh natural disasters, according to the Ministry of Agriculture and Rural Development on Monday. The country’s farm industry is forecast to see a trade surplus […]

NICOSIA: The Central Bank of Cyprus (CBC) has revised upwards economic projections for the eastern Mediterranean island, expecting growth over the next three years to be an annual average of 3.0 percent. CBC’s December Economic Bulletin, the last for this year made available on Friday, said recent economic indicators, especially for tourism, have shown a […]

DUBAI: China was the primary trade partner to Dubai in the first nine months of 2016, with a bilateral trade worth 32.91 billion US dollars, UAE state news agency reported on Saturday. China has been Dubai’s biggest trade partner since 2014, it added. Dubai’s total non-oil foreign trade reached 259.40 billion dollars in the first […]

LIMA: Peru’s new President Pedro Pablo Kuczynski has propelled the economy forward in 2016 with restructuring measures such as conducting tax reforms and formalizing informal businesses. Economic forecasts say Peru’s gross domestic product (GDP) will grow by more than 4 percent in 2016, higher than 3.26 percent in 2015 and 2.35 percent in 2014. Julio […]

SEOUL: South Korean exports in terms of volume rose for the first time in three months, raising expectations for a recovery in the lackluster exporting industry, central bank data showed on Friday. The export volume index stood at 142.56 in November, up 6.0 percent from a year earlier, according to the Bank of Korea (BOK). […]

BEIJING: Through high-level meetings in late 2016, the Chinese leadership has signaled a clear orientation for the nation’s policy stance for next year: to hold the economy steady, press ahead with reforms and improve the well-being of ordinary people. “Stability” was the theme that emerged for 2017’s economic work at last week’s Central Economic Work […]

JINGGANGSHAN: In Hongshi Village, Huang Xiaohua is a household name. At just 40 years old, Huang makes an annual income of more than 28,792 US dollars. Huang is a farmer in Hongshi, a small village tucked away in the lush green mountains of Jinggangshan, east China’s Jiangxi Province. The area is famous as the site […]