Business

US, Japan kick off trade talks amid China deal optimism access_timeApril 14

 TOKYO–As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." US Trade Representative Robe...

US, Japan trade talks will include currency: Mnuchin access_timeApril 14

 WASHINGTON– With US-Japan trade talks set to begin Monday, US Treasury Secretary Steven Mnuchin said Saturday any agreement will include a requirement to refrain from manipulating currencies to gain an advantage in international trade. B...

France's Societe Generale confirms it will cut 1,600 jobs access_timeApril 9

 PARIS– French banking giant Societe Generale said Tuesday it will cut 1,600 jobs worldwide including around 750 in France, as part of two restructuring plans. The lender said it would revamp its global investment arm and streamline its i...

Budget management to complete projects access_timeApril 7

Myagdi– Stakeholders in Myagdi have suggested the federal government to manage funds in the new fiscal year budget in order to give completion to the incomplete projects. The recommendations were made at a programme held in Beni on Saturday to co...

Trump gives US-China trade talks another four weeks access_timeApril 5

WASHINGTON– President Donald Trump on Thursday said the United States and China were a month from a potentially "epic" trade agreement. But, nine months into the two countries' trade war, the announcement was anti-climactic, as t...

Mega Bank Ltd starts remit service from Australia access_timeApril 4

Kathmandu– Mega Bank Ltd has started operating 'Mega Remit' remittance service from Australia as well. The bank started this service in partnership with Aziz Forex and Finance Company, Australia. Mega Bank Ltd has said money can be transf...

Hetauda sees 15 percent increment in internal revenue access_timeApril 4

Hetauda– The Hetauda sub-metropolis has increased its internal revenue by 15 percent this time in comparison to the last year. It has been reflected in a report presented in curse of the fourth municipal assembly of the sub-metropolis. If th...

S. Korea to launch world's first national 5G networks access_timeApril 3

SEOUL–South Korea launches the world's first fully-fledged 5G mobile networks Friday, a transformational leap that already has superpowers sparring for control of an innovation that could potentially change the day-to-day lives of billions of...

Trade war, Brexit could slow growth: ADB access_timeApril 3

MANILA– Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a bitter Sino-U.S.trade war and a potenti...

Banks urged for investment in organic production access_timeApril 3

Surkhet–Bimala KC, spokesperson of Karnali State government and Minister for Land Management, Agriculture and Cooperative, urged the banks to spur their investments in organic farming in Karnali. At an interaction organised by the Ministry in Bir...

Nepal, a rising star of South Asia access_timeMarch 31

Kathmandu–Foreign Minister Pradip Kumar Gyawali has said that it was a feeling of pride to see the international community and investors describe Nepal as a rising star of South Asia in the Nepal Investment Summit 2019. The two-day Summit conclud...

US, Chinese negotiators wrap up 'constructive' trade talks access_timeMarch 29

BEIJING–US and Chinese negotiators wrapped up "constructive" trade talks in Beijing on Friday ahead of another round next week, a top American official said as the economic superpowers aim to settle a bruising tariffs battle.  US ...

Fiat Chrysler to cut 1,500 jobs at Canada plant access_timeMarch 29

MONTREAL– Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its factory in Windsor, Canada, around a quarter of its local workforce.  The Italian-American automaker took the decision, effective from the end of...

PM offers attractive incentive package for foreign investors access_timeMarch 29

Kathmandu–Prime Minister KP Sharma Oli has said that Nepal is one of the most flexible countries when it comes to economic policy and welcoming foreign investment. All sectors, barring a narrow box of sensitive areas, are open for foreign investm...

Investment Summit kicks off access_timeMarch 29

Kathmandu– The Investment Summit, organised to attract foreign investments to serve the government's goal of economic prosperity, has kicked off in the capital city of Kathmandu this morning.  Prime Minster KP Sharma Oli inaugurated...

US-China trade talks to open in Beijing access_timeMarch 28

BEIJING–The United States and China open the latest round of their trade talks Thursday as the economic superpowers edge towards a deal to resolve a months-long spat that has rattled the global economy.  US Trade Representative Robert L...

China to cut import firms' tax burden by 225 bln yuan in 2019 access_timeMarch 27

BEIJING– China's customs will significantly cut VAT rates for its import enterprises in 2019, the latest move to reduce the financial burden of enterprises.  The total VAT reduction in imports will reach around 225 billion yuan (abo...

'Failure to meet operational expenses puts gas industry in peril' access_timeMarch 27

Kathmandu– The gas entrepreneurs have voiced their complaint that it was difficult for them to operate industry for no timely increment on the operational expenses.  They said the gas enterprises are on the verge of collapse when the go...

Cement factory output worth Rs 30 million a day access_timeMarch 25

Gaighat– The state-owned Udayapur Cement Factory has made a leap forward in cement production in the last one-and-a-half years.  The factory is producing 18,000 sacks of cements a day with the smooth supply of power since a week.  ...

US to host Chinese trade delegation starting April 3 access_timeMarch 24

West Palm Beach – The US will host a delegation from China led by Vice Premier Liu He early next month, following a trip by US officials to China in an effort to improve trade relations, the White House said Saturday.  White House press s...