Recently there has been a problem with the illegal importation of coal from North Korea and people are trying to pass it off as Russian coal. This is illegal due to the sanctions put in place right now on North Korea. The unidentified people have been caught and fined for this illegal importation. The amount of coal they imported was… Read more »
SEOUL (REUTERS) – South Korean prosecutors have charged four people with illegally importing millions of dollars worth of North Korean coal in violation of international sanctions, by trying to disguise it as imports from Russia, a prosecutors’ office said on Monday (Dec 10). South Korea’s customs agency found in August that some firms had imported coal from North Korea in… Read more »
HONG KONG (BLOOMBERG) – After a slump in stocks, Asia’s main equity gauge has finally succumbed, entering a bear market overnight. The region’s equities have already lost more than US$4.9 trillion (S$6.77 trillion) in value this year, and Thursday isn’t looking pretty. The MSCI Asia Pacific Index fell 2.1 per cent at 9.34am in Hong Kong, taking its slide from… Read more »
NEW DELHI (REUTERS) – Indian Prime Minister Narendra Modi’s ruling party officials are gathering on Thursday (Dec 13) for talks on a general election due by May, with their deliberations overshadowed by the party’s defeat at the polls in three heartland rural states. The Bharatiya Janata Party (BJP) said the gathering, to be chaired by the party’s president, Mr Amit… Read more »
A tsunami warning in New Caledonia – triggered by a powerful earthquake in the Pacific – has now been lifted. There have been no reports of injuries or damage in the French overseas territory, officials say. Earlier, residents had been urged to go to shelters, following the 7.5 magnitude quake close to New Caledonia. New Caledonia – with a population… Read more »