Latest News for: Commodity imports


10 years on, BRI brings closer Euro-Asian ties

Xinhua 25 Sep 2023
A visitor learns about imported beer during EAEF Economic and Trade Cooperation Expo & China (Shaanxi) Import & Export Commodities Exhibition in Xi'an, capital of northwest China's Shaanxi Province, Sept.

Monetary policy rethink

Dawn 25 Sep 2023
High global commodity prices and record-high imports of $72 billion resulted in a $17.5bn (4pc of GDP) current account deficit in FY22 ... The government called on the SBP to regulate import volumes, as it struggled to secure external financing amid high interest rates and low credibility.

The BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization

Business Insider 25 Sep 2023
This makes dollar-denominated imports into Egypt more expensive. In April, Ali Moselhi, the Egyptian minister of supply and internal trade, said the country was "very, very, very strongly" considering paying for its commodity imports in non-dollar currencies, reported Saudi Arabia's Al Arabiya news outlet.

Crypto fear and greed index steady as Memeainator token sale nears

Invezz 24 Sep 2023
The cryptocurrency fear and greed index is doing better than the general one tracked by CNN Business ... Hawkish Fed and soaring crude oil prices ... Other important commodities are rising, as I wrote here ... Memeainator token sale nearing ... And most importantly, in addition to its meme coin credentials, the platform will incorporate some AI features ... ....

Gov't distributes seized rice in Zamboanga Sibugay, Cavite

Manila Bulletin 24 Sep 2023
(Noel Pabalate) ... According to Lopez, the government expects the rice distribution campaign to serve as a stern warning to rice smugglers, hoarders and profiteers for them to think twice before engaging in illegal activities, pointing out the commodity that they illegally imported may end up as DSWD donation to poor families ... 19. READ MORE.

Indian chemical industry: A growing force and its prospects

Live Mint 24 Sep 2023
The driving forces behind this growth trajectory include both domestic and external demand.In contrast, base chemicals (raw materials) have commodity properties; hence, attaining a large scale and monopoly in the ingredients is the most important factor in building and sustaining competitive advantage.

BRI cooperation makes the world greener

Xinhua 24 Sep 2023
This photo taken on Sept. 22, 2023 shows a scene at the 2023 Euro-Asia Economic Forum in Xi'an, capital of northwest China's Shaanxi Province ... People view new energy vehicles during EAEF Economic and Trade Cooperation Expo & China (Shaanxi) Import & Export Commodities Exhibition in Xi'an, capital of northwest China's Shaanxi Province, Sept ... ■.

Tougher penalties vs agri-smuggling sought

The Manila Times 23 Sep 2023
The bill defines economic sabotage as persons who engage in large-scale smuggling of imported commodities, large scale hoarding, profiteering, and cartelizing of both imported and domestically-produced commodities, which would institute corresponding punishments.

Here’s why live cattle, orange juice, cocoa, olive oil prices are surging

Invezz 23 Sep 2023
The US published mixed inflation numbers this month ... Live cattle price is surging ... A key challenge for the Fed is that commodity prices are spiking again ... Most importantly, important food commodities are now at an elevated level. Watch here ... Cocoa, orange juice, olive oil soaring ... Cocoa is an important commodity used to manufacture chocolate ... ....

UAD VC stresses for joint efforts to make country self-sufficient in food

Urdu Point 23 Sep 2023
While talking to journalists here at his office, the vice chancellor said "Despite being an agricultural country, we have to import essential commodities including edible oil, pulses and wheat worth USD 10 billion every year ... the same commodity was 30 maunds per acre in Pakistan.

Blame the BRICS for the end of the dollar’s global domination

New York Post 23 Sep 2023
It’s also home to two of the world’s largest oil importers – China and India. The latter pair — Asia’s largest and third-largest economies, respectively — import more than 40% of the world’s crude oil, according to data from Kpler, a commodities market analysis firm. Keep up with today's most important news.

Minister hopeful about ‘good news’ on petrol prices on Oct 1

Dawn 23 Sep 2023
Last year, the rupee was at 160 and this year, it reached 305,” he said, explaining that consequently, prices of all imported commodities, including energy and fuel, also increased ... The price hike was based on existing tax rates and import parity prices, mainly because of currency fluctuation and a slight inc­rease in international oil prices ... .

Bangko Sentral pauses again but keeps door open for November hike: BPI says

Sun Star 23 Sep 2023
The upcoming harvest season for rice may help in stabilizing the price of the commodity. However, local production can only cover around 85% of rice consumption and the country needs to import the rest from abroad ... shrinking import cover of the Philippines this year and in 2024.

With entry into JP Morgan bond indices, India is playing in the world

Indian Express 23 Sep 2023
So, what does this inclusion mean? First, it is widely understood that India is a large importer of commodities ... Importantly, it will make the exchange rate stable, lowering the hurdle rate for FIIs investing in India ... Importantly, the timing of inclusion and the macro backdrop is interesting.

3 takeaways from the 2023 NH Energy Summit

The Eagle-Tribune 23 Sep 2023
CONCORDThe New Hampshire Energy Summit convened industry stakeholders in Concord this week to hash out policy issues of the moment and set the stage for the upcoming legislative session ... As a “natural gas-dominant region” that doesn’t create any of its own, New England is subject to changing market forces around the imported global commodity ... .

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Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation talks to the media
AP / Michel Euler
ICC, Guangzhou, China
Creative Commons / 钉钉
In this image made from video released by Russian Defense Ministry Press Service on Thursday, Sept. 21, 2023, a Russian peacekeeper speaks to ethnic Armenians as they walk through a gate into a camp near Stepanakert in Nagorno-Karabakh. Thousands of Nagorno-Karabakh residents flocked to a camp operated by Russian peacekeepers to avoid the fighting, while many others gathered at the airport of the regional capital, Stepanakert, hoping to flee the region.
AP / Russian Defense Ministry Press Service via AP
FILE - In this handout photo released by the Russian Defense Ministry Press Service released on Saturday, May 28, 2022, a Ka-52 helicopter gunship takes off for a mission at an undisclosed location in Ukraine. Russian helicopter gunships have used a new anti-tank missile called Vikhr (Whirlwind) that has an extended range, allowing pilots to strike Ukrainian armor while staying out of reach of air defenses.
AP / Russian Defense Ministry Press Service via AP, File