Freight forwarders happy:

KATHMANDU: Nepal Freight Forwarders Association (NEFFA) has expressed happiness over the changed political scenario in Nepal, hoping that it would help boost foreign trade through smooth implementation of policies and procedures at a time when exports have gone down by over 40 per cent currently. Issuing a press statement today, NEFFA said that the royal move would help in restoring peace in the country and protect democracy. It will ultimately end murders, violence and destructions and help the country return to normalcy, said the statement. — HNS

Plan to raise oil output:

RIYADH: Saudi Arabia has considered the possibility of increasing its oil production capacity to 15 million barrels per day (bpd) if world consumption required so, Oil Minister Ali al-Nuaimi said on Tuesday. The oil-rich kingdom “has studied increasing its oil production capacity to 15 million bpd if world demand required that,” Nuaimi told reporters in the Saudi capital. — AFP