US-China trade talks: what's under debate

5 years ago

BEIJING– US and Chinese officials wrapped up days of trade talks in Beijing on Friday with plans to resume negotiations in Washington this week as the world's top two economies...

'Italy and Germany refused to band Huawei and ZTE '

5 years ago

MILAN- Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network. “We have no...

Inland Revenue Office collects Rs 2.26 billion in revenue

5 years ago

Hetauda– The Inland Revenue Office, Makawanpur, has collected more than Rs 2.26 billion in revenue during the first six months of the current fiscal year.  According to the...

Renault board blocks payout to Ghosn

5 years ago

PARIS– Renault said Wednesday that its board had decided not to pay out the equivalent of two years of salary to ex-CEO Carlos Ghosn which would have been due to...

Tata Motors shares plunge 30% on Jaguar woes

5 years ago

MUMBAI–Shares in India's Tata Motors tanked almost 30 percent on Friday after problems at its Jaguar Land Rover unit dragged the luxury carmaker to India's biggest quarterly loss.  ...

ADB, AFD agree to provide 5 bln USD in co-financing in next 3 years

5 years ago

MANILA– The Asian Development Bank (ADB) and Agence Francaise de Developpement (AFD) agreed on Friday to increase their co-financing commitment from 3 billion U.S. dollars in the past three years...

Italian PM says ready to invest in Lebanon

5 years ago

BEIRUT– Italian Prime Minister Giuseppe Conte said Thursday that Italy is ready to invest in Lebanon and Italian companies are willing to offer their expertise to their Lebanese counterparts, local TV...

Trump taps fierce World Bank critic to take its helm

5 years ago

WASHINGTON–President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions.  David Malpass, a senior official in the...

Merkel says more security needed on Chinese firms

5 years ago

TOKYO–German Chancellor Angela Merkel called on Tuesday for safeguards to ensure Chinese firms do not hand over private data to Beijing amid mounting security concerns over equipment made by telecoms...

BP says net profit almost trebles to $9.4 bn in 2018

5 years ago

LONDON–BP almost trebled its annual net profit to $9.4 billion (8.2 billion euros) last year as oil prices soared in 2018, the British energy giant announced Tuesday.  Profit...

Himalayan Urja gets permission to issue IPOs

5 years ago

Kathmandu– The Securities Board of Nepal (SEBON) has granted permission to the Himalayan Urja Bikash Company Ltd to issue the initial public offerings (IPOs) worth Rs 148.5 million.  ...

Abe, Merkel hold talks, calling for free trade

5 years ago

TOKYO –Japanese Prime Minister Shinzo Abe and visiting German Chancellor Angela Merkel held talks here on Monday and advocated free trade as a free trade pact between Japan and the...

Sri Lanka seeks $1 billion loan from China amid debt woes

5 years ago

COLOMBO, Sri Lanka– Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of Kandy, even as...

Business community demands slash in interest rate

5 years ago

Biratnagar– The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) on the borrowers.  ...

Global gold demand rises in 2018 over strong central bank buying: report

5 years ago

BEIJING–Global gold demand increased in 2018 due to a multi-decade high in central bank buying and accelerated investment in gold bars and coins in the second half of 2018, a...