Ericsson sales rise but earnings hit by corruption provision

Ericsson’s sales were boosted by a 5G takeoff, but it made a net loss as it set aside 12 billion kronor to settle a US corruption investigation.
19 October 2019, 18:00 PM

EU, China, others team up to coordinate ‘green’ investment financing

The European Union, China, India and several other countries teamed up on Friday to coordinate rules and standards for trillions of dollars of private and public “green” investment needed over decades to prevent irreversible climate change.
19 October 2019, 18:00 PM

J&J recalls 33,000 bottles of baby powder

Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
19 October 2019, 18:00 PM

China, US make ‘substantial’ trade deal progress: top official

Beijing and Washington have made “substantial progress” towards a partial trade deal, China’s top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week.
19 October 2019, 18:00 PM

Unilever suffers dip in emerging markets sales growth

A slowdown in India and China put a brake on Unilever’s quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets.
17 October 2019, 18:00 PM

India to miss fiscal deficit target by 30-50 bps

India is likely to miss its fiscal deficit target of 3.3 percent of gross domestic product for the current financial year by 30-50 basis points, two sources said, due to the sharp slowdown in the economy that has severely crimped tax collection goals.
17 October 2019, 18:00 PM

Tesla gets nod to start production in China

Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.
17 October 2019, 18:00 PM

New Zealand Dairy brings BelleAme biscuit

New Zealand Dairy Products Bangladesh yesterday launched a new premium biscuit brand BelleAme offering customers “better taste and quality”.
17 October 2019, 18:00 PM

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and Apple prepare to ramp up the streaming video wars.
17 October 2019, 18:00 PM

US firms say near-term outlook dimming: Fed

Less than stellar US growth in recent weeks has caused many businesses to lower their outlooks and they now expect the economy to weaken, the Federal Reserve said Wednesday.
17 October 2019, 18:00 PM

Govt to build 200 paddy silos to ensure fair prices

The food ministry plans to set up 200 paddy silos for about Tk 6,000 crore in order to buy increased amounts of grains from growers with a view to protecting them from losses in case of good harvest, said a top official.
17 October 2019, 18:00 PM

Samsung to fix Galaxy S10 fingerprint problem

Samsung Electronics Co Ltd said on Thursday it will soon roll out a software patch to fix problems with fingerprint recognition on its flagship Galaxy S10 smartphone.
17 October 2019, 18:00 PM

Euro zone inflation drops more than foreseen, trade surplus widens

Euro zone inflation dropped to its slowest pace in nearly three years in September, more than previously estimated, the European Union statistics agency said on Wednesday.
16 October 2019, 18:00 PM

Oil slips further below $59 on weaker economic outlook

Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in US crude inventories.
16 October 2019, 18:00 PM

Nine-month revenue up despite US pressure: Huawei

Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a quarter despite a US campaign to isolate the company globally.
16 October 2019, 18:00 PM

Europe Inc’s recession expected to deepen: forecast

Europe’s corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession.
16 October 2019, 18:00 PM

India won’t sacrifice economic strength amid US sanctions: minister

India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday.
16 October 2019, 18:00 PM

S Korea cuts interest rate again as Japan trade row rumbles

South Korea’s central bank on Wednesday cut its key interest rate to the lowest point in two years in an effort to prop up its slowing economy as it is hit by a trade spat with Japan.
16 October 2019, 18:00 PM

Two-thirds of economists see BOJ easing in October: poll

The Bank of Japan is laying the groundwork for deepening negative interest rates, analysts polled by Reuters said, with two-thirds of respondents expecting the central bank to loosen monetary policy this month.
16 October 2019, 18:00 PM

Apec expresses ‘moderate’ hope over US-China trade deal

APEC finance ministers expressed “moderate optimism” on Tuesday that the United States and China will end their trade war and sign an agreement during the forum’s summit in Santiago next month.
16 October 2019, 18:00 PM