Economy

Japan Airlines' quarterly net profit down 32%

Japan Airlines' quarterly net profit down 32%

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...

Renault profits skid on Nissan woes

Renault profits skid on Nissan woes

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....
Mechinagar unveils Rs 1.88 billion budget

Mechinagar unveils Rs 1.88 billion budget

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....
Restructuring plunges Deutsche Bank into red in Q2

Restructuring plunges Deutsche Bank into red in Q2

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...
NRB selling its NEPSE share

NRB selling its NEPSE share

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...
AIIB expands membership to 100 in three years

AIIB expands membership to 100 in three years

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...
WB agrees to provide Rs 11 billion to Nepal

WB agrees to provide Rs 11 billion to Nepal

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...
US, China negotiators resume trade war talks

US, China negotiators resume trade war talks

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...
ZTE obtains 25 commercial contracts in 5G globally

ZTE obtains 25 commercial contracts in 5G globally

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...
Banks yet to reach at four local levels in Dolpa

Banks yet to reach at four local levels in Dolpa

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...