US oil-storage industry fines soar on air, water violations

Fines for violations of air, water and waste regulations by US petroleum storage facilities so far this year have exceeded all of last year - even without including two major Houston-area disasters in the last month still under investigation - according to a Reuters analysis of federal data.
29 April 2019, 18:00 PM

Britain urges caution over Huawei role in 5G network

British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks.
29 April 2019, 18:00 PM

World’s largest bank posts 4.1pc Q1 profit rise

Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest commercial lender by assets, posted a 4.1 percent rise in profit for the three months ended March, its fastest growth for the period since 2014.
29 April 2019, 18:00 PM

EU launches billion-euro loan plan for young farmers

The European Union on Monday launched a plan to give up to one billion euros in cheaper loans to young farmers, who are often turned away by banks.
29 April 2019, 18:00 PM

Euro zone loan growth lets up pace in March

The pace of growth in lending to eurozone households and businesses fell back in March, European Central Bank data showed Monday, in a fresh pointer towards slowing growth across Europe.
29 April 2019, 18:00 PM

Don’t discriminate against Huawei in 5G development

China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over whether it should work with Huawei Technologies.
28 April 2019, 18:00 PM

Climate change creates pressure on oil industry

The oil industry, under mounting pressure from environmental activists to react more quickly to counter climate change, has begun to adapt its strategy but is struggling to convince critics it is doing enough.
28 April 2019, 18:00 PM

Fed to hold fire despite White House call for rate cut

The Federal Reserve is poised to hold its fire this week, leaving benchmark US interest rates untouched as central bankers await firm indications of where the world’s largest economy is headed.
28 April 2019, 18:00 PM

Steel production cost to rise Tk 4,000 a tonne: millers

The construction sector will be affected and the cost of infrastructure projects will go up significantly if the proposed gas price hike for industries comes into effect, steel millers said yesterday.
24 April 2019, 18:00 PM

Boeing seeks to exit crisis mode as it reports results

Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from two deadly crashes that have grounded a top-selling plane.
24 April 2019, 18:00 PM

Britain starts search for Bank of England governor

Britain’s finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world’s fifth-biggest economy, and its global financial centre, through the upheaval of Brexit.
24 April 2019, 18:00 PM

RBI steps up liquidity management

The Reserve Bank of India’s surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say.
24 April 2019, 18:00 PM

6 proposals from Bangladesh for effective multilateral trading system

Bangladesh makes six recommendations for an effective multilateral trading system for sustainable development.
19 April 2019, 06:52 AM

Euro zone business growth lowest since 2014

Euro zone business growth was at its lowest level since 2014, a closely watched survey said on Thursday, dragged down by stagnation in France and a sluggish Germany.
18 April 2019, 18:00 PM

US antitrust scrutiny tests T-Mobile's $26b bet on Sprint

T-Mobile US Inc's $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win US antitrust approval, but the bet now looks precarious.
18 April 2019, 18:00 PM

Amazon to shut China online store

Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
18 April 2019, 18:00 PM

Pakistan's finance minister steps down ahead of IMF deal

Pakistan's finance minister Asad Umar has stepped down from cabinet, he announced Thursday, ahead of securing a crucial bailout deal with the International Monetary Fund.
18 April 2019, 18:00 PM

Japan leaves economy assessment unchanged in April

Japan's government left its assessment of the economy unchanged in April, after a rare downgrade in March, saying the US-China trade war remained a threat to exports and economic growth.
18 April 2019, 18:00 PM

Big firms back crypto 'plumbing' despite currency caution

Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves.
18 April 2019, 18:00 PM

UK retail sales surge despite Brexit uncertainty

British retail sales rose far more than expected in March, official data showed Thursday, despite political uncertainty over Brexit and turmoil for department stores.
18 April 2019, 18:00 PM