Business

Gold price closes lower in Hong Kong access_timeAugust 14

HONG KONG–The gold price in Hong Kong closed at 14,050 Hong Kong dollars (about 1,789.81 U.S. dollars) per tael on Wednesday, down 210 Hong Kong dollars from the previous trading day, according to the Chinese Gold and Silver Exchange Society. (1 ...

Huawei unveils own operating system to compete with Android access_timeAugust 9

DONGGUAN–Chinese telecom giant Huawei unveiled its own operating system on Friday, as it faces the threat of losing access to Android systems amid escalating US-China trade tensions. Richard Yu, the head of Huawei's consumer business, told...

Japan Airlines' quarterly net profit down 32% access_timeJuly 31

TOKYO–Japanese carrier Japan Airlines said Wednesday its first-quarter net profit dropped 32.1 percent due to growing fuel costs and the impact of the US-China trade war on cargo demand. Bottom-line profit fell to 11.9 billion yen ($110 million) ...

Renault profits skid on Nissan woes access_timeJuly 26

PARIS– French automaker Renault said Thursday that its profits were halved in the first half of this year, swerved off course by the current crisis at its Japanese partner, Nissan. Renault said in a statement that its net profit nosedived to 970 ...

Leaders from Australia, China discuss future trade at Perth summit access_timeJuly 26

SYDNEY–The Australia-China Emerging Leaders Summit (ACELS) has been taking place from Wednesday to Saturday in Perth, Western Australia (WA), with 80 young leaders coming to discuss the future of trade and investment. Organized by the Australi...

Mechinagar unveils Rs 1.88 billion budget access_timeJuly 25

Bhadrapur–Mechinagar municipality has unveiled its budget of around Rs 1.43 billion for the fiscal year 2019/20. The municipality made public its annual budget at a press conference on Wednesday. Meena Uprety, deputy mayor of the municipality,...

Restructuring plunges Deutsche Bank into red in Q2 access_timeJuly 24

FRANKFURT AM MAIN– Germany's biggest lender Deutsche Bank on Wednesday reported a net loss of 3.2 billion euros ($3.6 billion) in the second quarter, as the troubled financial giant lurched into its latest restructuring. "We have alre...

Nissan to cut over 10,000 jobs worldwide: reports access_timeJuly 24

TOKYO– Japanese car giant Nissan plans to cut more than 10,000 jobs worldwide, reports said Wednesday, as it works to turn its fortunes around after its former chief was arrested over financial misconduct. The cuts come after Nissan announced ...

NRB selling its NEPSE share access_timeJuly 16

Kathmandu–Nepal Rastra Bank (NRB), the central bank in the country, is pulling out its investment in the Nepal Stock Exchange (NEPSE) Limited. In a notice today, the bank states that it is selling the share of NEPSE at an auction and the start...

Businessman in trouble because of false ‘Money Laundering’ news access_timeJuly 16

 Kathmandu– As the consequence of the news published by Centre for Investigative Journalism (CIJ) Nepal titled ’55 Nepalese invested in offshore companies,’ some businessmenen are facing serious problems. Some of them have e...

AIIB expands membership to 100 in three years access_timeJuly 14

LUXEMBOURG– The three-year-old Asian Infrastructure Investment Bank (AIIB) on Saturday further expanded its membership to 100 with the approval of the African newcomers of Benin, Djibouti and Rwanda. The decision was made unanimously by AIIB&#...

WB agrees to provide Rs 11 billion to Nepal access_timeJuly 12

Kathmandu–The World Bank (WB) has renewed its support to the Government of Nepal to strengthen the country’s efforts towards fiscal federalism and improving public financial management. The assistance is announced under the Second Progra...

US, China negotiators resume trade war talks access_timeJuly 10

WASHINGTON–Top US and Chinese negotiators held phone talks on Tuesday as the world's top two economies seek to resolve their trade war, more than a week after they declared a truce. Talks had broken down in May over US accusations that Bei...

Egg price increased, still short of production cost access_timeJuly 9

Chitwan–The price of egg has been increased. A crate of big egg now costs Rs 280. Its price was Rs 200 before this. Similarly, the price of small egg has gone up from Rs 115 per crate to Rs 230 per crate. Although the egg price has been increa...

Ncell launches ‘Ncell for Business’ introducing the GAIN ADVANTAGE access_timeJuly 4

  Kathmandu–Ncell Pvt. Ltd. unveiled ‘Ncell for Business’ amidst a special event followed by a gala evening at Soaltee Hotel. The event was attended by VIP guests, dignitaries from diplomatic missions, corporates, and member...

ZTE obtains 25 commercial contracts in 5G globally access_timeJune 25

SHENZHEN–Chinese telecommunications company ZTE Corporation said on Tuesday that it had obtained 25 commercial 5G contracts globally. The company said it cooperated with 60 mobile operators in the field of 5G, partnering with firms including C...

Banks yet to reach at four local levels in Dolpa access_timeJune 25

Jajarkot–People of four local levels in Dolpa have been deprived of banking facilities at their locality. Dolpo Budhha rural municipality, Shey Phoksundo rural municipality, Chharka Tangsong rural municipality and Kaike rural municipality do not ...

8% economic growth possible: Finance Minister Dr Khatiwada access_timeJune 23

Kathmandu– Finance Minister Dr Yubaraj Khatiwada has said it was possible for the country to achieve 8 percent economic growth rate in the coming fiscal year. In response to the queries raised by the lawmakers on the appropriation bill, the Fi...

Cuba to hold business forum to attract EU investment access_timeJune 21

HAVANA–Cuba will host a business forum to boost foreign investment inflows especially from the European Union (EU), Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca said on the social platform Twitter on Thursday. EU's Co...

Ncell announces winners of ‘Call Aayo Paisa Payo’ campaign access_timeJune 21

Kathmandu–Ncell Private Limited announces the winners of ‘Call Aayo Paisa Payo’ campaign. Under the campaign, Ncell has handed over smartphones to 10 lucky customers of the first 4 weeks of the campaign. The campaign was launched o...