NEW DELHI: New Delhi has approached Turkey and Egypt asking them to remove the additional duties they have imposed on Indian cotton textile imports or pay suitable compensation. According to a senior government official, the moves by Ankara and Cairo are actionable at the World Trade Organization (WTO), and if the ...

Wool Partners, Chief Executive Iain Abercrombie announced today a key appointment to the position of European Market Manager for the company’s subsidiary Wools of New Zealand. David Hammond joins the company from H Dawson where he has worked for the last 26 years, including 9 years as an Executive Director on ...

It was acceptable, as the viral song by MySpace wunderkind Calvin Harris goes, in the '80s. And so too, it seems, in 2009, as designers du jour take a nod from that decade's New Romantic style. Bright neon block colours, tapered pants, even jumpsuits are being resurrected - albeit as ...

Practically all of Mozambique's cotton companies missed their targets for the 2007/2008 agricultural year, according to the latest report from the Mozambique Cotton Institute (IAM). The final data from the marketing of raw cotton from the 2008 harvest was that 69,500 tonnes was produced, over seven per cent lower than the ...

Huntsman Textile Effects, a division of Huntsman Corporation (NYSE: HUN) and a leading manufacturer of dyes and textile chemicals, today announced it will establish new headquarters in Singapore. The move is a major milestone of the division's previously announced restructuring and will significantly contribute to the division's focus on serving ...

Turkey's imports fell by more than 40 percent year-on-year in January while exports fell by a quarter, giving a worrying signal of the extent of the slow-down hitting the ailing emerging economy. The trade gap narrowed to $1.379 billion in January, official data showed on Friday, around half of a poll ...

The European single currency retreated Friday against the dollar as investors digested tumbling eurozone inflation data ahead of fourth-quarter economic growth numbers in the United States. In midday London trade, the European single currency fell to 1.2673 dollars from 1.2743 late on Thursday. Against the Japanese currency, the dollar sank to 97.30 ...

Milan Fashion Week starts on Wednesday under an economic cloud that has led to a cut in the number of catwalk shows this year and prompted a weakened Italian clothing ...

South Korea on Thursday announced tax breaks for foreigners investing in local bonds to help ease jitters over the country’s foreign exchange liquidity. Tax will be erased for capital gains including interest if foreign investors buy South Korea’s treasury’s and monetary stabilisation bonds, the Ministry of Strategy and Finance said. The government ...

The dollar rose to a more than three-month high against the yen in Asian trade Thursday on renewed hopes of action by Washington to help banks hammered by the credit crunch. Investors were also selling the yen because of deepening fears about the health of the Japanese economy, dealers said. The dollar ...