Business

Comcast eclipses Murdoch's Fox with £30 billion Sky bid access_timeSeptember 23

LONDON –US cable giant Comcast outbid Rupert Murdoch's 21st Century Fox in a blind auction for the European TV operator Sky on Saturday that all but settled a titanic battle between the two media empires.  Britain's takeover reg...

Adhikari elected chair of Pokhara Chamber of Commerce and Industries access_timeSeptember 23

Kaski – Damu Adhikari was elected the Chairman of Pokhara Chamber of Commerce and Industries from the 32nd convention that concluded on Saturday.  As per the voting results announced late night on Saturday, Adhikari of the left panel wo...

Foundation stone laid for Rastra Bank's building access_timeSeptember 21

Kathmandu – Reconstruction of a Nepal Rastra Bank's building damaged in the earthquake of April 2015 has started as its foundation stone has been laid today.  The building would be reconstructed in its original design, and covers ov...

Lawmakers demand to roll back petroleum price hike access_timeSeptember 20

Kathmandu –The lawmakers speaking in the meeting of the House of Representatives here today have demanded with the government to withdraw the recent hike in the price of petroleum products.  The Nepal Oil Corporation has recently increa...

Chinese investors urged to spur investment in Nepal access_timeSeptember 20

Kathmandu –Vice-President Nanda Bahadur Pun, who is on an official visit to China, paid a courtesy call on Chinese Vice-Premier, Hu Chunhua, on Wednesday evening.  During the meeting, Vice-President Pun said the Nepal-China relation has...

Demand to roll back petro price hike access_timeSeptember 19

Kathmandu –Federation of Nepalese National Transport Entrepreneurs has demanded rollback of the decision to hike petro product price.  Issuing a press release on Tuesday evening, Federation Chairperson Yogendranath Karmacharya called fo...

'Economic indicators are positive', claims Finance Minister Khatiwada access_timeSeptember 18

  Kathmandu – Finance Minister Dr Yuba Raj Khatiwada has said the economic indicators of the first two months of the current fiscal year were positive.  Addressing a press conference organised by the Society of Economic Journali...

Trump imposes tariffs on $200B more of Chinese goods access_timeSeptember 18

WASHINGTON –The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags ...

Sub-metropolis to reduce tax access_timeSeptember 16

Janakpurdham –The Janakpurdham Sub-metropolis has agreed to reduce the rate of tax that had been increased recently.  The agreement was reached during a discussion held between the Nepali Congress municipal committee, the chamber of com...

Singapore to return $11 million of 1MDB money to Malaysia access_timeSeptember 10

SINGAPORE –A Singapore court has ordered the return of millions of dollars misappropriated from Malaysian state fund 1MDB in a cross-border financial scandal that helped topple former leader Najib Razak.  Tan Rajah and Cheah, a Singapor...

Invest in productive sector: CM Poudel access_timeSeptember 9

Hetauda –Chief Minister of Province-3, Dormani Poudel, has urged the cooperatives to forward proper plans as the provincial government has allocated the budget for the development of cooperatives.  While inaugurating the annual general ...

Minister Pun urges Bangladeshi investors to invest in Nepal access_timeSeptember 6

Dhaka –Minister for Energy, Hydropower and Irrigation Barshaman Pun has said that bilateral cooperation on energy sector between Nepal and Bangladesh would play a significant contribution to the development of energy sector, which would benefit b...

Facebook to build $1 bn Singapore data centre, first in Asia access_timeSeptember 6

SINGAPORE – Facebook said Thursday it will invest over $1 billion to build a data centre in Singapore, its first in Asia, powered by renewable energy and adapted to the city-state's tropical climate.  The centre is expected to be op...

Asian stocks fall on trade worries, weak Chinese data access_timeSeptember 4

SINGAPORE –Asian shares were mostly lower Tuesday as the lack of new leads following a U.S. market holiday meant that trade worries and slowing Chinese manufacturing activity stayed in the spotlight.  KEEPING SCORE: Japan's benchmar...

Prachanda asks British investors to invest in Nepal access_timeAugust 30

Kathmandu – Chairperson of the Communist Party of Nepal (CPN), Pushpa Kamal Dahal 'Prachanda', has urged the British investors to invest in Nepal.  During a meeting with Special Representative for Afghanistan and Pakistan and Di...

New industry see rise in proposed investments access_timeAugust 28

Dhangadhi –Investment amounting to Rs 1.38 billion has been proposed in 903 new industries registered in Kailali district during the fiscal year 2074/75 BS.  Among the registered firms, the small industries have proposed investment of R...

France's Total has officially left Iran: oil minister access_timeAugust 20

TEHRAN – French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions.  "Total has officially left the agr...

Indian rupee hits record low of 70 to the dollar access_timeAugust 14

MUMBAI –The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis.  The under-pressure rupee touched 70.09 briefly during mid-morning...

Trump's trade beef with China may backfire on meat access_timeAugust 12

SHANGHAI –A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American", but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere.  Beijing&...

Russian ruble tumbles on fresh US sanctions access_timeAugust 9

MOSCOW –The Russian ruble tumbled Thursday to its lowest level against the dollar in almost two years after the United States said it was imposing fresh sanctions on Moscow over the nerve agent attack on a former spy in Britain.  Washin...