Singer Bangladesh records 12pc rise in earnings

Singer Bangladesh recorded a 12 per cent rise in earnings for the year ending on December 31, 2019 when the company declared 77 per cent cash dividend amounting to Tk 76.8 crore for its shareholders.
12 February 2020, 18:00 PM

Britain and EU split over financial market access

Britain wants a stable relationship with the European Union for “decades to come” in financial services, finance minister Sajid Javid said on Tuesday, only to receive an instant rebuttal from Brussels.
12 February 2020, 18:00 PM

Deutsche Bank taps US tech companies for makeover

Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said.
11 February 2020, 18:00 PM

India’s economic growth set to bounce back: govt adviser

Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 per cent in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said.
11 February 2020, 18:00 PM

JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys

JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the plans.
11 February 2020, 18:00 PM

China’s central bank gives green light to Mastercard’s China JV for clearing business

China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
11 February 2020, 18:00 PM

Cambodia PM says country ‘will not bow down’ a day before EU trade decision

Cambodian Prime Minister Hun Sen was defiant on Tuesday, a day before the European Union is to decide whether to end the country’s special trade preferences over human rights concerns, saying the nation “will not bow down” to foreign demands.
11 February 2020, 18:00 PM

US companies cut back on installing robots in 2019

The robot invasion slowed a bit last year.
11 February 2020, 18:00 PM

Fed Chair Powell likely to give Congress positive economic update

Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for US economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China.
11 February 2020, 18:00 PM

IMF top deputy leaving fund amid leadership changes

The top American serving at the International Monetary Fund will leave his post at the end of the month amid a reshuffling of the top leadership, the fund said Friday.
8 February 2020, 18:00 PM

Hong Kong Airlines to lay off 400 staff as virus hits city

Hong Kong Airlines said Friday it has been forced to slash hundreds of jobs and ask remaining staff to take unpaid leave as the coronavirus outbreak compounds problems at the already-struggling firm.
8 February 2020, 18:00 PM

Russia’s central bank cuts key rate to 6pc as inflation slows

Russia’s central bank on Friday lowered its key interest rate by a quarter point to 6.0 percent as inflation continues to slow more than expected.
8 February 2020, 18:00 PM

Trade wars gnaw on German industry and exports

German industrial production was further ground down in December as the US-China trade conflict dragged on, official data showed Friday, while the country’s prized trade surplus also ticked down over 2019 as a whole.
8 February 2020, 18:00 PM

UN expert slams ‘appallingly high’ poverty rates in Spain

Spain is “utterly failing” its poorest citizens who are living in some of the worst conditions in Europe, despite its strong post-recession recovery, a UN expert said on Friday.
8 February 2020, 18:00 PM

US job creation surges in January

The US economy saw an explosion of new hiring in January, possibly helped by mild weather but nonetheless getting the year off to an impressive start, according to key government data released Friday.
8 February 2020, 18:00 PM

India tour operators face severe blow from China coronavirus

Indian tour operators estimate they could lose up to $500 million because of cancellations from tourists from China and other countries due to the coronavirus outbreak, a cost that could rise four-fold if it persists through the year.
8 February 2020, 18:00 PM

Grim December for EU’s top economies caps year of trade war

Industrial production fell back sharply in both Germany and France in December, official data showed Friday, closing off a year that saw trade conflicts above all weigh on the top EU economies.
8 February 2020, 18:00 PM

Shanghai to help Tesla resume production amid coronavirus spread

US electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday.
8 February 2020, 18:00 PM

Coronavirus claims world’s biggest capacity car plant

The most productive car factory in the world fell quiet on Friday as South Korea’s Hyundai suspended operations at its giant Ulsan complex, hamstrung by a lack of parts with the coronavirus outbreak crippling China’s industrial output.
8 February 2020, 18:00 PM

Uber and Lyft take different roads in search of profit

Uber Technologies Inc and Lyft Inc, the two leading US ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around.
8 February 2020, 18:00 PM