Home / Business (page 38)

Business

Japan court allows Nissan ex-chair Ghosn to talk with wife

Nissan’s former Chairman Carlos Ghosn is being allowed to talk to his wife after an eight-month ban on such contact while he awaits trial on financial misconduct charges, reports AP. Prosecutors had argued contact between him and Carole Ghosn ran the risk of tampering of evidence and fabricated story lines. Defense requests to let the couple communicate were rejected six ...

Read More »

Donald Trump praises Apple chief Tim Cook’s ‘great job’

US President Donald Trump toured Apple’s Texas manufacturing plant Wednesday in a visit marking a brief truce in the White House war on Silicon Valley and an unlikely “bromance” with chief executive Tim Cook, reports AFP. “He is a very special person as far as this country is concerned,” Trump said of Cook as they stood side-by-side, adding that he’s ...

Read More »

bKash asks distributors to remain compliant

bKash, the largest mobile financial service provider of the country, reiterated on strict enforcement of anti-money laundering and combating the financing of terrorism (AML&CFT) laws at the annual distributors’ conference in Dhaka recently. The “Annual Distributors’ Meet 2019” was held at the hotel InterContinental Dhaka  participated by more than 200 distributors across the country to train and motivate everyone to ...

Read More »

China to raise retail fuel prices

China will raise the retail prices of gasoline and diesel from Tuesday, the country’s top economic planner said Monday. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will rise by 70 yuan (about 10 U.S. dollars) and 65 yuan per tonne, respectively, according to the National Development and Reform Commission. Under the current ...

Read More »

Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6 trillion and $1.7 trillion, a figure that fell short of the $2 trillion mark Crown Prince ...

Read More »

Stocks end week of milestones at new highs; Dow tops 28,000

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The Dow extended its streak of ...

Read More »

Alibaba backs Hong Kong’s ‘bright’ future with huge listing

Alibaba chief executive Daniel Zhang has praised Hong Kong’s “bright” future as the Chinese e-commerce giant prepares to list in the embattled financial hub, reports Hong Kong. The firm, which is already traded in the US, hopes to raise up to $13.4bn (£10.4bn) in its secondary listing.That would make it the biggest share sale this year, according to Dealogic. The ...

Read More »

NBR awards 142 tax card winners

Dhaka, Nov 14 : A total of 142 national-level tax card winners, including 75 individuals, 57 companies and 10 under other categories have been awarded by National Board of Revenue (NBR). The state revenue collection agency also awarded 521 top district-level taxpayers on the basis of highest or long-term tax payment.  Of them, 374 were selected on the basis of ...

Read More »

Asian stocks sink after Trump threatens more China tariffs

Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday agreement on the “Phase 1” deal announced last month “could happen soon.” But he warned he ...

Read More »

First-ever Bangladeshi bond debuts on London Stock Exchange

The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” amounting equivalent to $10 million has been listed on the London Stock Exchange (LSE) on Monday. The Bangla Bond was listed on the LSE by the International Finance Corporation (IFC), a private sector arm of World Bank, at a ring bell ceremony at 8:00 am London time, said a press release of ...

Read More »