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Post Online Media
Post Online Media Magazine

Business: Page 1402

Nepal in food surplus, continues to buy food
Nepal foodAugust 28, 2013 ET
Nepal has more than 400,000 tons of food surplus in fiscal year 2012/2013 but the country's rice imports doubled during the year. Nepal imported rice worth Rs 8.45 billion ($80 million).
Illegal e-waste disposal worth billions of dollars
e-wasteAugust 27, 2013 ET
Disposing of electronic waste became one of the most profitable illegal activities. Developed countries are sending millions of tons of used electronics to emerging countries where recycling is a big and dangerous business.
America's Cup three times more profitable for San Francisco than Super Bowl
America's CupAugust 27, 2013 ET
The projected revenue, $1.4 billion, is almost three times the estimated impact of hosting the Super Bowl ($300-$500 million). Additional taxes alone to the City's General Fund are expected to net more than $13 million.
Gold traders in Bahrain claim they can't work because of bureaucracy
Gold BahrainAugust 27, 2013 ET
Gold traders in Bahrain claim bureaucratic delays that started before Ramadan are costing them both time and money: Hallmarking that lasted about a week, now takes almost a month.
U.S. orders Argentina to pay $1.47 billion to hedge funds
US ArgentinaAugust 27, 2013 ET
A U.S. appeals court ordered Argentina to pay $1.47 billion to hedge funds holding its defaulted bonds. Argentina had not made a convincing case that the court had abused its discretion, the decision said.
Canada to earn $2 billion every year thanks to shipbuilding
Irving ShipbuildingAugust 27, 2013 ET
Canada plans to earn $2 billion every year in the next 30 years as a result of the government's National Shipbuilding Procurement Strategy, said Minister of Public Works and Government Services Diane Finley.
Saudi Arabia to build 16 nuclear reactors
Saudi Arabia nuclearAugust 27, 2013 ET
Saudi Arabia plans to build 16 nuclear reactors with a combined generation capacity of 22 gigawatts (GW) by 2030 at a cost of $100 billion. This is 50 percent of the country's current electricity output.
U.S. mushroom sales exceeded $1 billion
MushroomAugust 26, 2013 ET
The value of U.S. mushroom production topped $1 billion for the third year in a row, according to the U.S. Department of Agriculture report. The approximately 895 million-pound crop from 2012-2013 means 14 percent increase in production since 2009-2010.
Japanese team to examine U.S. wheat crop
U.S. wheat cropAugust 26, 2013 ET
US Wheat Associates (USW) brought a team of mid-level flour milling managers to Oregon, Washington, and North Dakota to gain a better understanding of US wheat breeding, production, and handling.
Oil exports from Marsa al Brega resumed
Marsa al BregaAugust 26, 2013 ET
Oil exports from the Libyan port of Marsa al Brega have resumed, said the deputy oil minister Omar Shakmak.
FDIC closes two banks, brings total to 20
Sunrise Bank of ArizonaAugust 26, 2013 ET
Sunrise Bank of Arizona, Phoenix, Arizona, was closed by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
U.S. manufacturing recovery gains momentum
U.S. manufacturingAugust 26, 2013 ET
The Markit Flash U.S. Manufacturing Purchasing Managers' Index (PMI) signalled the strongest improvement in manufacturing business conditions in five months during August.