New Jersey Jewelry Importers Charged for Evading Customs
NEWARK, N.J. – A notable revelation emerged on Wednesday as a Middlesex County-based company, 21st Millennium Inc., and its overseers, Iqbal Virani and Aqib Virani, conceded to bypassing U.S. customs duties on…
Importers paid $32 billion in U.S. tariffs on China tech imports-industry report
By David Lawder WASHINGTON – Importers of technology products from China paid over $32 billion worth of tariffs imposed by President Donald Trump between mid-2018 to the end of 2021, a new…
Brazil commodities sales to Arab nations soar as importers stock up on food
By Ana Mano SAO PAULO – Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a…
German coal importers expect a brief spike in prices on EU ban
FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers’ group VDKi…
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and…
Moscow Exchange won’t charge 12% commission on FX buying by importers
MOSCOW – Russia’s largest bourse, Moscow Exchange, said on Friday Russian companies with direct access to trading will need to pay a 12% commission if they want to buy foreign currency, while…
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