FE Today Logo

China will levy extra penalty on sugar imports from Aug 01

BEIJING, July 16 (Reuters): China will levy extra tariffs on out-of-quota sugar imports from all origins starting from Aug 01, the Commerce Ministry said on Monday, just over a year after introducing hefty penalties on top growers including Brazil and Thailand.In May last year, the government hit major exporting nations...

Read more

Greenback slips after biggest weekly rise

LONDON, July 16 (Reuters): The dollar slipped on Monday, having notched up its biggest weekly gain in a month last week.A rebound in risk appetite prompted investors to diversify away from their long dollar bets which have grown rapidly in recent weeks.Outstanding dollar bets are at their highest levels since...

Read more

Rebates protect auto industry from counter tariffs in Canada

TORONTO, July 16 (Reuters): Canadian government customs provisions are expected to soften the blow on the country's powerful automotive industry from retaliatory tariffs on US steel, according to trade lawyers and industry leaders bracing for higher costs.Decades-old programmes reduce or refund import duties on supplies like steel when companies in...

Read more

India's gold imports dip 25pc in June

NEW DELHI, July 16 (Agencies): Gold imports fell by 25 per cent to USD 8.43 billion in the first quarter of the current fiscal due to sliding prices of the metal in both global and domestic markets.According to the commerce ministry data, gold imports had amounted to USD 11.26 billion...

Read more