Business

US to assist RS 50 billion to Nepal; MoU signing today access_time2017/9/14

Washington DC - A Memorandum of Understanding (MoU) is being signed at Washington today in regard to the US government's grant-assistance worth around Rs 50 billion to Nepal.  Finance Minister Gyanendra Bahadur Karki on behalf of the Nepal ...

Biratnagar metropolis unveils Rs over 3 m budget access_time2017/9/11

Biratnagar - Biratnagar Metropolitan City has unveiled a budget of over Rs 3 billion for the fiscal 2017-18.  Mayor of the Metropolis Bhim Parajuli unveiled the budget oraginzing a press meet here today.  The budget has earmarked Rs 1.7...

Beijing bans new bikes as sharing schemes cause chaos access_time2017/9/8

-BBC NEWS Beijing has become the latest city in China to ban new shared bikes as the country battles against two-wheel traffic chaos and safety concerns in urban areas. New deliveries of bikes to the city's 15 sharing schemes will be suspende...

MPs seek answers on Saudi Aramco listing access_time2017/9/8

-BBC NEWS The chairwomen of two Parliamentary committees have asked the City regulator to explain proposed rule changes seen as favouring the world's largest oil company, Saudi Aramco. It follows reports Saudi Aramco plans to list 5% of its s...

Trinity Mirror in talks to buy Express owner access_time2017/9/8

-BBC NEWS The owner of the Daily Mirror has said it is in talks to buy the owner of the Daily Express and Daily Star. Trinity Mirror hopes to buy all of the publishing assets of Northern & Shell, which also owns celebrity magazine OK!. As ...

Thomas Cook pilots stage 12-hour strike access_time2017/9/8

-BBC NEWS Pilots at leisure airline Thomas Cook have gone on strike in a dispute over pay, in what unions say is the first strike by UK pilots since the 1970s. Members of the British Airline Pilots' Association (Balpa) walked out at 3 o'c...

QATAR AIRWAYS CELEBRATES AGENTS AWARD NIGHT 2016 – 2017 access_time2017/9/6

Kathmandu, NEPAL – Qatar Airways Agents Award Night 2016 – 2017 was held at Yak and Yeti Hotel on Tuesday evening. The event was witnessed by Qatar Airways travel trade partners, Dignitaries from Qatar Embassy Mr. Mohammed Abdulrehman H.S. ...

Aveva to merge with Schneider Electric in £3bn deal access_time2017/9/5

-BBC NEWS UK engineering software firm Aveva is to merge with the software arm of French energy group Schneider Electric, creating a company worth about £3bn. Under the terms of the deal, Schneider will take a majority stake in Aveva, which...

UTC and Rockwell Collins in $30bn aviation deal access_time2017/9/5

-BBC NEWS The maker of Pratt & Whitney jet engines, UTC, has agreed to buy airline parts maker Rockwell Collins for $30bn (£23bn). The tie-up is one of the biggest deals in aviation history and is expected to be completed next year. ...

How Macquarie bank left Thames Water with a £2bn debt access_time2017/9/5

-BBC NEWS By Michael Robinson The Australian bank Macquarie has left Thames Water with an extra £2bn debt burden, a BBC investigation shows. The £2bn was borrowed by Thames Water in 2007 and 2010 but used for the benefit of the ban...

Goods worth Rs. 2,600 sold for Rs. 26,000 access_time2017/9/5

Kathmandu - Shops selling so-called international brand goods in Durbarmarg have been sealed after being found of duping customers by as high as 1000 per cent profit margin.  A surprise monitoring by a team led by Supplies Minister Shiva Kumar ...

Chinese company to invest Rs 36.75 billion in cement factory access_time2017/9/4

Kathmandu - The Investment Board of Nepal and Hongshi-Shivam Cement signed a project investment agreement on Sunday for the development of a mega cement factory in Nepal.   As per the agreement, the Chinese company will make an investment of Rs ...

Qatar Duty Free Opens Polo Ralph Lauren at Hamad International Airport access_time2017/8/29

DOHA, Qatar – Qatar Duty Free (QDF) is pleased to announce the opening of its latest retail outlet at Hamad International Airport (HIA) – Polo Ralph Lauren. This most recent addition enhances QDF’s expanding retail portfolio, which no...

Government runs July budget surplus for first time in 15 years access_time2017/8/22

-BBC NEWS The Government recorded a budget surplus last month for the first time since 2002 as more money came in from self-employed tax receipts. July saw a surplus of £0.2bn, compared with last year's deficit of £0.3bn. For t...

Provident Financial shares dive on new profit warning access_time2017/8/22

-BBC NEWS Shares in doorstep lender Provident Financial have plunged further in late morning trade, and are now down 67% following its second profit warning in months. It says it now expects to make losses of £80m to £120m as its debt...

Persimmon hails resilient housing market access_time2017/8/22

-BBC NEWS Housebuilder Persimmon has issued an upbeat report of its business in the half-year to July . It says that the mood across its regions "remains confident and consumer sentiment is resilient". The company's profits were ...

BHP Billiton to sell US shale business access_time2017/8/22

-BBC NEWS Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options ...

Johnson & Johnson faces $417m payout in latest talc case access_time2017/8/22

-BBC NEWS Johnson & Johnson has been ordered to pay $417m (£323.4m) to a woman who says she developed ovarian cancer after using products such as baby powder. The California jury's decision marks the largest award yet in a string of...

Dulux owner Akzo Nobel strikes truce with activist investor access_time2017/8/16

-BBC NEWS An activist investor hedge fund has agreed to halt its long-running feud with Dulux paint owner AkzoNobel. US hedge fund Elliott Advisors reached a "standstill" agreement after clashing with Akzo over the way the company shoul...

What's at stake as Nafta talks begin? access_time2017/8/16

-BBC NEWS Trade talks might in the past have signalled a dry and dusty item on the news agenda, but the renegotiation of Nafta under President Trump has become a political hot potato. Mr Trump has called this free trade agreement between the US, ...