Govt needs to look at problems faced by exporters trading with Iran: FIEO

The Government needs to look into the problems being faced by exporters shipping consignments to Iran in view of the increasing threat of US economic sanctions against the Persian Gulf nation, FIEO said recently. Federation of Indian Export Organisations (FIEO) President Mr. Ganesh Gupta said that the rupee account currently used for payment settlement has
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OHANNESBURG:The BRICS nations has resolved to strengthen multilateral trading system and called upon member countries of the World Trade Organisation to abide by the rules, amid ongoing trade disputes between major economies. India, China, Brazil, Russia and South Africa also re-affirmed the centrality of the “rules-based, transparent, non-discriminatory, open and inclusive multilateral trading system”. “We
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Grindrod Shipping Holdings, a Singapore-based provider of maritime transportation services in the drybulk and liquid-bulk sectors, began trading on NASDAQ on June 18.  Grindrod Shipping holds the shipping business spun out of Grindrod Limited, a company listed on the Johannesburg Stock Exchange. Following the listing, Grindrod Shipping will be an independent, publicly traded company with
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Services trade is growing faster than merchandise and such dynamic changes need to be captured in the global trading system, stated Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation. Services trade requires movement of people, unlike merchandise trade, said the Minister. He stated that India is aiming at a $5 trillion economy by
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COSCO SHIPPING Technology Co., Ltd. (CS Tech), a subsidiary of COSCO SHIPPING, signed a joint venture contract with Furuno Electric Co., Ltd. (FURUNO) and Heisei Trading Co., Ltd. (Heisei Trading) in Shanghai on May 31, 2018. Capt. Xu Lirong, Chairman of COSCO SHIPPING, Mr. Wang Yuhang, Executive Vice President of COSCO SHIPPING, and Heads of
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National oil major Petroliam Nasional Bhd (Petronas) has sold its liquefied natural gas (LNG) cargo for the first time through an online trading platform, GLX. The GLX online platform is a global marketplace to trade physical cargo of LNG, with GLX members comprising more than 40 of the world’s largest LNG buyers and sellers from
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As recently as January, trading Europe was a pretty straightforward prospect as the euro gained, stocks joined the global rally, and credit spreads ground ever-tighter. What a difference a few months makes. The best year in a decade in terms of euro-area growth has given way to a series of surprisingly weak economic readings across
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