A venture backed by eight major banks and financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions.

The Chittagong Port Authority yesterday appointed a consultant to conduct feasibility study for constructing the much-awaited Bay Terminal along Halishahar coast.

It is crucial for Bangladesh to ensure quality education for the youth, develop their skills and promote young entrepreneurship to achieve the sustainable development goals, analysts said yesterday.

Chinese police have busted underground banks that handled 200 billion yuan ($30.2 billion) in illegal money transfers this year, the Ministry of Public Security (MPS) said on Wednesday.

Budget airline AirAsia India said on Wednesday that it planned to gradually expand its fleet and network in India as it seeks to boost its small market share in the fast expanding domestic market.

A team from Bangladesh will meet officials of the Federal Reserve Bank of New York, the Federal Bureau of Investigation and the US Department of Justice this week in New York in connection with the cyber theft of $81 million from the South Asian country's central bank in February, sources said.

Japan's Ministry of Finance is negotiating with the country's major banks to lend to the government at a zero interest rate in auctions beginning in October or November, a government official familiar with the procedure said on Monday.

Thailand could lose up to 200,000 foreign visitors and $293 million in tourism revenue this year, the head of its tourism authority said on Monday, after a series of deadly blasts in tourist towns last week.

A data breach at 20 US hotels operated by HEI Hotels & Resorts for Starwood, Marriott, Hyatt and Intercontinental may have divulged payment card data from tens of thousands of food, drink and other transactions, HEI said on Sunday.

Japanese automaker Nissan Motor Co has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete.

Britain's vote to leave the European Union should have limited immediate economic impact on Germany, the country's central bank said on Monday, noting the mood among enterpreneurs remained positive.

Sherine Toh says her best days at work are when none of the 600-or-so staff at Singapore's Tung Lok Restaurants quits, though such days are rare.

Tesla removed the word "autopilot" and a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's capability and misled buyers.

Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an oversupplied market.

Japan's economy stalled in the April-June quarter, data showed Monday, missing market forecasts and rekindling worries about the government's faltering bid to stoke a recovery.

Ammar Alkhouli "dreamed of owning a Porsche" when he lived in Syria, but he never imagined that he would one day get training from the German automobile giant to help build its luxury cars.

Born in Google's shadow, Niantic strode into the spotlight with a mobile internet spin on hunting Pokemon but can the obsession with the game lead to long-term financial success?

Gold rose on Monday as the dollar edged lower after sluggish US retail sales data lowered expectations of a US interest rate increase this year.

Sometimes it seems that no one in China, from toddlers to octogenarians, ladies in swimming pools to delivery men mid-manoeuvre, is without a cellphone to hand -- and statistically it is more or less true.

Mahindra & Mahindra on Wednesday reported a 12.35 percent rise in net profit for the fiscal first quarter, meeting expectations, helped by strong sales of its sport utility vehicles and trucks.