Commerce Ministers have had positive talks: Prime Minister Modi Amiti Sen US President Donald Trump has said that ‘tremendous progress’ has been made in trade talks between the US and India and a bilateral trade deal could happen soon. “We are optimistic that we can make a deal that will be of great importance to…
Italian container terminal operator Contship Italia Group announced that terminal operations in La Spezia (LSCT), Ravenna (TCR) and Melzo (RHM), as well as all intermodal transport services run by Hannibal and Oceanogate Italia, continue to operate as normal. The announcement is being issued amid a rapid increase of coronavirus cases in Northern Italy recorded last…
As part of the Centre’s efforts to make India a $5-trillion economy, and a global powerhouse, by 2024-25, spice farmers should double their production while exporters should increase trade, Minister of State for Commerce and Industry Som Parkash said. He was here to inaugurate a function to present the Spices Board’s trophies and awards to…
New Zealand has extended for eight days a ban on arrivals from mainland China, Prime Minister Jacinda Ardern said on Monday, carrying into its fourth week an effort to block exposure to the coronavirus. Fears mounted that the outbreak would grow into a pandemic with disruptive and deadly consequences for the rest of the world…
Global terror financing watchdog FATF on Friday decided continuation of Pakistan in the ‘Grey List’ and warned the country of stern action if it fails to check flow of money to terror groups like the LeT and the JeM, sources said. The decision was taken at the Financial Action Task Force (FATF) plenary in Paris.…
The Rs 9,000-crore initial public offering (IPO) of SBI Cards and Payment Services, the credit card unit of the country’s largest lender State Bank of India (SBI), will open for subscription on March 2. The company, which had filed draft IPO papers in November last year, obtained “observations” from the Securities and Exchange Board of…
Marsk is bolsterings its logistics and services with the acquisition of Performance Team, a US-based warehousing and distribution company. The value of the transaction is USD 545 million including lease liabilities of around USD 225 million. Performance Team specializes in B2B and B2C distribution solutions within retail, wholesale and e-commerce with 24 warehousing sites. It…
Japan’s machinery orders tumbled at their fastest pace since 2018 while exports posted a 14th straight month of decline as the world’s third-largest economy grappled with the widening impact of the coronavirus outbreak and a recent sales tax hike. Government data out on Wednesday showed exports fell 2.6% year-on-year in January, smaller than a 6.9%…
LNG is seen as a transition fuel to a net-zero carbon future and, as such, it marked an acceleration in the uptake across various shipping sectors in 2019, especially for newbuilds. The key reason behind a greater interest in LNG has been ascribed to the development of the infrastructure to support its uptake. The latest…
Just a month ago, global funds could not wait to dump India’s sovereign bonds. Now, they are rushing back at the fastest pace in more than two years. Foreigners bought ₹13,670 crore($1.9 billion) of the debt in the first two weeks of February, set for the highest monthly inflow since June 2017, according to data compiled…