Youth skills, education key to SDGs: analysts

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.
17 August 2016, 18:00 PM

China police crack down on $30b in underground banking

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.
17 August 2016, 18:00 PM

AirAsia India outlines plans to expand fleet, network

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.
17 August 2016, 18:00 PM

Political risk? Banking crisis? Investors buy euro zone debt anyway

Unrelenting demand for fixed income has pushed yields, in Europe at least, to a point where investors no longer distinguish one country's bonds from another's -- potentially storing up trouble for when focus returns to the economic drivers behind borrowing costs.
17 August 2016, 18:00 PM

Japan negotiating with banks to borrow at zero rate

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.
15 August 2016, 18:00 PM

Thailand risks losing 200,000 visitors after blasts

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.
15 August 2016, 18:00 PM

Starwood, Marriott, Hyatt, IHG hit by malware

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.
15 August 2016, 18:00 PM

Nissan revolution: could new petrol engine make diesel obsolete?

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.
15 August 2016, 18:00 PM

Brexit vote to have 'limited' economic impact on Germany: Bundesbank

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.
15 August 2016, 18:00 PM

Can Singapore's labour crunch spark a robot revolution?

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.
15 August 2016, 18:00 PM

Tesla removes 'autopilot' from China website after Beijing crash

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.
15 August 2016, 18:00 PM

Oil rises on talk of producer action, but excess looms

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.
15 August 2016, 18:00 PM

Japan's economic growth fizzles out in second quarter

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.
15 August 2016, 18:00 PM

Porsche training is prize for lucky few refugees

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.
15 August 2016, 18:00 PM

Pokemon hunt leads to glory for Google-born Niantic

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?
15 August 2016, 18:00 PM

Gold firm on lower dollar

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.
15 August 2016, 18:00 PM

Calling China: phones everywhere in world's biggest market

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.
15 August 2016, 18:00 PM

Bangladesh officials to meet Fed, US investigators over heist

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.
15 August 2016, 18:00 PM

Record profits for Australia's Commonwealth Bank

Australia's biggest lender Common-wealth Bank sounded a cautious note about the country's economic outlook Wednesday even as it posted a record Aus$9.23 billion (US$7.08 billion) in annual profit.
10 August 2016, 18:00 PM

Down but not out: fears ease over China's weaker yuan

A year ago on Thursday Chinese authorities stunned global markets by devaluing their yuan currency, raising fears the world's second-largest economy was worse off than thought -- but investors are now more sanguine about a weaker "redback".
10 August 2016, 18:00 PM