Business

48 manpower agencies face termination of online business access_timeMay 21

Kathmandu–The government has ceased the online transactions of 48 manpower companies for not updating the company details on time. The Department of Foreign Employment decided to close the online transactions of those companies that failed to ...

Trade deficit jumps up 24 per cent access_timeMay 16

Kathmandu– Nepal has seen ballooning trade deficit of billions of rupees annually as it failed to adopt export-oriented economic policy. As per the preliminary statistics released by Trade and Export Promotion Centre, the trade deficit has now re...

Vodafone logs 7.6-billion-euro annual loss access_timeMay 14

LONDON–British telecoms giant Vodafone announced Tuesday that it recorded a vast annual loss of 7.6 billion euros ($8.5 billion), hit by the sale of its Indian assets. The loss after tax in Vodafone's 2018/2019 financial year to the end of...

Ncell brings ‘Travellers’ SIM’ with voice and data packs access_timeMay 14

Kathmandu– Foreigners visiting Nepal from different parts of the world can now enjoy exclusive telecommunications service through Ncell’s ‘Travellers’ SIM’ bundled with voice and data packs. Ncell Private Limited has in...

Asian markets plunge as Trump threatens to hike China tariffs access_timeMay 6

HONG KONG– President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shangh...

Local governments start discussion on budget formulation access_timeMay 2

Balewa–Local governments based in Baglung district have started consultations with stakeholders in course of the formulation of policy and budget for upcoming year. The first round discussion has been initiated in a way to unveil the policy an...

Nepali sugar finds difficult to get market access_timeMay 2

Nawalparasi– Domestic sugar product worth amounting to millions of rupees has been stocked for long in lack of market. Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs. It...

President Bhandari urges for investment in Nepal access_timeApril 28

Beijing–President Bidya Devi Bhandari, who is currently on the State Visit to China, has urged the Chinese investors to invest in Nepal. During a meeting with the Chairman of Economic Joint Committee under the Chinese Commercial Stock Enterprises...

Japan's Sony annual profits hit record highs for second year access_timeApril 26

TOKYO–Japan's Sony said Friday its annual profits had climbed to record highs for the second consecutive year thanks to a robust performance of its games and other entertainment business. The electronics giant reported net profit soaring 8...

Brent oil hits six-month high above $75 per barrel access_timeApril 25

 LONDON– Brent North Sea crude hit a six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Brent for delivery in June jumped to $75.35 per ...

U.S. prepares to end Iran oil waivers, triggering price spike access_timeApril 22

 WASHINGTON– The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told, triggering a 3 percent jump in crude prices to their highest f...

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...