India slaps anti-dumping duty on steel products from China, Vietnam, and Korea
Jun 24, 2020 00:04 am UTC| Economy
India imposed a five-year anti-dumping duty ranging from $13.07 to $173.1 per ton on cheap imports of certain steel products from China, Vietnam, and Korea. The steel products concerned were the flat-rolled steel,...
S. Korea's exports plunge 7.5% on June 1 to 20
Jun 23, 2020 23:44 pm UTC| Economy
South Koreas exports fell 7.5 percent on-year in the first 20 days of June with automobiles plunging 36.7 percent and shipments to the United States falling 10 percent. In contrast, exports of memory chips rose 2.6...
US retail sales surge 17.7% in May
Jun 22, 2020 23:55 pm UTC| Economy
Retail sales in the US increased by 17.7 percent in May to shatter the lofty 8 percent estimate of economists surveyed by Dow Jones as consumers freed from lockdowns began shopping again. Clothing and accessories stores...
Ships worldwide being detained for having overstaying crew
Jun 22, 2020 23:24 pm UTC| Economy
Authorities around the world are clamping down on ships whose seafarers are working beyond their contracts, without crew repatriation insight. Failure to relieve overstaying crew who have become desperate, fatigued, and...
S. Korea eyes digital trade deal with Singapore within the year
Jun 22, 2020 23:20 pm UTC| Economy
South Korea and Singapore kicked off negotiations toward swiftly attaining a digital trade deal and making substantial progress at years end. Negotiations between South Korean Trade Minister Yoo Myung-hee and her...
S. Korea warned against taxing cryptocurrency
Jun 22, 2020 23:14 pm UTC| Economy
Economists warned the South Korean government that levying a cryptocurrency tax may stunt industrial growth in the emerging digital currency market. Yonsei University economist Sung Tae-yoon said it is premature for the...
Indian trade body demands 'country of origin' info to identify boycotted Chinese goods
Jun 21, 2020 23:38 pm UTC| Economy
The Confederation of All India Traders (CAIT) wants every e-commerce portal to mention country of origin on each product being sold so that Indian buyers can avoid Chinese goods. According to the CAIT, which has...
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