Uganda: Tax on Galvanised Coils Threatens Regional Steel Exports
The supply of steel products in the Great Lakes Region is likely to be hampered by Uganda's imposition of 10 percent import duty on galvanized steel coils.
2008-11-21 03:40:14Nigeria: Attack on Oil Pipeline Causes Major Setback
Nigeria's crude oil export has suffered another major setback as United States oil major Chevron yesterday declared a force majeure on its Escravos crude oil exports, until the end of the year, due to last Friday's militant attack on its pipeline.
2008-11-21 03:28:13Australian wool threatened with ban
Australia's wool export industry risks alienating international customers after the country's main wool producing body reneged on a promise to phase out the controversial practice of mulesing by 2010
2008-11-21 03:30:28Egypt 'must halt' Israel gas deal
A court in Egypt orders the government to suspend gas exports to Israel, although it is not clear if the ruling will be heeded.
2008-11-18 09:30:08As factories close, Chinese workers suffer
An export slowdown that has been magnified by the global financial crisis is contributing to the shutdown of factories in coastal regions of China, leaving the unemployed with few options.
2008-11-14 22:44:16G20 summit: World leaders wary of protectionism
India on its part is keen to ensure that US does not become protectionist in any way during a slowdown, especially so after the export numbers...
2008-11-14 12:02:32U.S. trade deficit shrinks to lowest level in nearly a year
The U.S. trade deficit dropped by 4.4 percent in September to 56.5 billion dollars, the smallest imbalance since October 2007, helped by a big fall in oil imports, the Commerce Department said Thursday. U.S. exports of goods and services fell by 6 percent to 155.4 billion dollars in September while imports declined 5.6 percent to211.9 billion dollars, the department said in a report. The decline in overall imports was led by a 15.7 percent plunge in petroleum imports as the avera ...
2008-11-14 05:30:22c17.mov
www.suiteholiday.com-INACRAFT to be held on April 23-27, 2008, attain the age of ten years. In spite of annual event, it has many experiences and improvement...
2008-11-14 03:21:21Tax rebates raised for Chinese exporters
Worried by slowing growth and widespread reports of factory closures, Beijing to step up support for manufacturers...
2008-11-13 11:21:10Hyundai produces 2 millionth car; donates it to CRY With image
BUS24Business/RightsHyundai produces 2 millionth car; donates it to CRY With imageMumbai, Nov 13 IANS Hyundai Motor India Limited HMIL, the country's largest exporter and the second largest car manufacturer, Thursday handed over the key of the 2 millionth car it has produced to city-based NGO CRY Child Relief and You as a goodwill gesture.HMIL Managing Director H.S. Lheem symbolically handed over the key to CRY brand ambassador Shah Rukh Khan, who in turn passed it on to Irwin Fernandes, director of the NGO's West and Volunteer Action wing at a function here.CRY is a leading advocate for child rights, which has worked over three decades to ensure children get access to their basic rights.Commenting on the production achievement, Lheem said: "Since its inception, Hyundai Motor India has been committed to honour the sentiments and desires of the Indian customers and have always brought the best and the latest in automotive technology and design backed by the best of warranty, competitive pricing and a huge sales and service support network. "This new record of producing the fastest 20 lakh 2 million cars will further empower Hyundai Motor India to play a vital role in the growth of the Indian automobile industry," Lheem added.Hyundai rolled out the first Santro on September 23, 1998 and has achieved the production landmark in a little over 10 years. HMIL presently markets 33 variants of passenger cars across segments: the Santro in the B segment, the Getz Prime and the i10 in the B segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.The company registered total sales of 327,160 vehicles in calendar year CY 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent with exports of 126,748 units.--Indo-Asian News Servicevm/dg345 Words13112022
2008-11-13 10:03:06
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