Asian Shares Subdued Ahead Of Fed Meeting
CANBERA (dpa-AFX) - Asian stocks fell in muted trading on Wednesday as investors looked ahead to the Federal Reserve s monetary policy announcement due out later in the day.
With bond markets flagging the threat of inflation, market participants are looking for central bank s forecasts for the economy, inflation and interest rates.
Chinese and Hong Kong shares ended on a flat note as the U.S. sanctioned an additional 24 Chinese and Hong Kong officials over Beijing s ongoing crackdown on political freedoms in the semi-autonomous city.
China s benchmark Shanghai Composite index finished marginally lower at 3,445.55, while Hong Kong s Hang Seng index ended marginally higher at 29,034.12.
Sanford to forfeit $20m vessel, fined for bottom trawling in restricted area
23 Feb, 2021 04:27 AM
3 minutes to read
NZ Herald
Commercial fishing company Sanford Limited has been ordered to forfeit a $20 million vessel, and fined $36,000 for bottom trawling in a restricted area.
Sanford was convicted on three representative charges relating to fishing in the Puysegur Benthic Protection Area, west of Stewart Island.
The Ministry for Primary Industries (MPI) found the vessel – the San Waitaki – to have illegally bottom trawled in the Puysegur Benthic Protection Area while targeting orange roughy during fishing trips in 2017 and 2018.
Proceeds from the sale of fish taken in the Puysegur Benthic Protection Area in 2018 – amounting to $150,720 – were also forfeited as well as fishing equipment valued at $5,280.
Sanford has forfeited a $20 million fishing vessel to the Crown for breaking fishing rules, but it could get the boat back for a fee worth a fraction of its value.