Qatar crisis not to affect LNG exports to India, China
The Dollar Business Bureau With the recent crisis in Qatar of boycotting Doha by four Arab nations, liquefied natural gas (LNG) exports from the country to the Asian countries including India, China, Japan and South Korea, have not to be impacted, said a Qatari official. “Exports of liquefied natural gas (LNG) to India, Japan, China and South Korea have not been affected by the boycott of Qatar by four Arab states, said Qatar’s Energy Minister Mohammed al-Sada on Monday. The Minister said that the exports from Qatar to the four Asian nations make up for around three-fourth of the country's overall exports. Qatar’s exports to the Bahrain, Saudi Arabia and the United Arab Emirates account for only 8%, al-Sada said in a statement. “Qatar remains committed to all its agreements with its partners and is determined to ...
India imposes definitive ADD on imports of Hydrogen peroxide from six Asian countries
The Dollar Business Bureau India has imposed a definitive anti-dumping duty on the imports of hydrogen peroxide largely used in corrosion control and bleaching both industrially and domestically, on six of its neighbours. The countries Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand have been dumping hydrogen peroxide at cheaper rates causing injury to the domestic players. Two Indian companies, National Peroxide Ltd and Hindustan Organic Chemicals Ltd had appealed to the Directorate General of Anti-Dumping(DGAD) to initiate a probe into the indiscriminate dumping of the chemical in the Indian market. The DGAD after the probe has recommended the imposition of anti-dumping duty ranging between $46.16 to $117.94 on all the six countries. This duty will be effective for a period of 5 years and ...
Renault India to expand export markets
The Dollar Business Bureau Renault India Pvt Ltd, a subsidiary of French auto maker Renault SA, is planning to increase its exports from India to other countries. The company is looking to make this country into a manufacturing hub for exporting its cars to Asian and African countries. The company has started shipping its car models - Duster and Kwid to Sri Lanka in July. It will be entering Nepal this month and also preparing to enter Bhutan soon, said Sumit Sawhney, Country Chief Executive Officer and Managing Director, Renault India Operations. Other than these neighbouring countries of India, Renault is looking to tap the African markets as well. The company is working on a strategy for exporting cars to South Africa, which may get finalised ...
Oil prices edge up but supply glut woes to continue
The Dollar Business Bureau Oil prices have marginally increased in Asia on Tuesday after decreasing 2% on Saturday. This is mainly due to a weak dollar. However, concerns of excess supply are likely to weigh on the global markets and traders expect a further fall in the oil prices. Brent crude futures were trading at $44.80 per barrel, which is 8 cents more when compared to their previous close. US West Texas Intermediate (WTI) crude oil stood at $43.16, which is only 3 cents higher per barrel. On Saturday, Brent crude has seen its lowest in the last couple of months, while WTI has witnessed the lowest for the past 3-4 months. After touching up to $50 per barrel in June, crude oil prices have ...
Tools of economy have changed today: Jaitley
Sharath Chowdary With a lot of changes in the field of education and technology, the tools of economy have today changed, Finance Minister Arun Jaitley said. The new generation of entrepreneurs have come up with disruptive innovations. To create a space in this competitive environment, new tools of learning are required. And sky is the only limit for education and career, he said. Jaitely was addressing the students after inaugurating the new campus of Symbiosis International University (SIU) near Hyderabad on Sunday. He said, “India has missed the first industrial revolution and lost the opportunity during the second and third industrial revolutions as well. China and other Asian countries have benefited rather than India. Hopefully, we may catch up with the fourth ...
Indian mills sign sugar export agreement
Indian sugar mills want to reach at least 3.2 million tonnes in terms of exporting but will be at 2 million tonnesin the current period The Dollar Business Bureau Indian sugar mills are concentrating on the export of white sugar to Myanmar due to a strong demand. Fueled bya recent hike in global prices of sugar, Indian sugar mills based out of Maharashtra have inked high volume export deals this week, the first in nearly two months. The deals are seen as a major shot in the arm for Indias beleaguered sugar exports sector that has of late, witnessed a not so promising performance vis a vis other world players. What is worth noting is that export prices for sugar in world markets are ...
