Business

Massive drop in coconut industry production

The coconut industry is only producing 2,400 tonnes of copra to date compared to the 12000 tonnes of copra produced in previous years.

March 7, 2023 12:27 pm
 

Business

Diversification is crucial says Daunabuna

Permanent Secretary for Tourism Salaseini Daunabuna says diversification and inclusivity are crucial in the tourism sector.

March 7, 2023 11:55 am
 

Business

China sets out economic, political, military vision

A look at the day ahead in Asian markets from Jamie McGeever.

March 6, 2023 3:41 pm
 

Business

Chinese companies hang onto dollars, hedge to prepare for volatile yuan

Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analysed by Reuters.

March 6, 2023 2:38 pm
 

Business

Asia stocks rally, bonds tense for U.S. rate tests

Asian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. rate outlook from the world’s most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized.

March 6, 2023 12:00 pm
 

Business

Miners grow anxious as Canada tightens foreign investment rules

Junior mining companies hoping to produce lithium, nickel and other green energy metals are worried that Canada’s crackdown on some overseas investors may limit their ability to raise funds for mines and related facilities.

March 5, 2023 12:37 pm
 

Business

Silvergate suspends crypto payments network; shares fall after-hours

Silvergate Capital Corp (SI.N) said on Friday it made a “risk-based decision” to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability.

March 5, 2023 10:40 am
 

Business

Volkswagen's Scout to build $2 bln plant in South Carolina

Volkswagen’s (VOWG_p.DE) off-road brand Scout Motors said it would build a $2 billion manufacturing plant near Columbia, South Carolina, for trucks and SUVs.

March 5, 2023 9:27 am
 

Business

Goldman Sachs arm among bidders in possible $10 bln Subway sale: Sky News

At least six people were killed and several injured on Saturday when a fire broke out following an explosion at an oxygen plant in southeastern Bangladesh, officials said.

March 5, 2023 8:37 am
 

Business

Coconut industry investors recognized

Fiji citizens who have invested in the coconut industry were recognized at the Coconut Millers Pte Limited Presidential Award for Farmers yesterday.

March 4, 2023 4:43 pm
 

Business

LCPA supports in combating child labour

The Labasa Cane Producers Association will continue to work closely with the government to combat child labour in the sugar industry.

March 4, 2023 4:18 pm
 

Business

Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says

Mexico would not be able to match the incentives offered under a U.S. act to tame inflation if Tesla Inc builds a battery plant in the country, Mexico’s finance minister said, days after Tesla announced the construction of a “gigafactory” there.

March 4, 2023 2:27 pm

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