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China to fund 21 dev projects of Myanmar

China will transfer over $6 million to Myanmar’s government to fund 21 development projects, Myanmar’s foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on February 1.
11 August 2021, 18:00 PM

Chinese firm to maintain Bangabandhu bridge

China Communications Construction Company will be tasked with ensuring maintenance of the Bangabandhu bridge for the next five years for Tk 170 crore.
11 August 2021, 18:00 PM

Gold rush ends for smugglers as foreign troops leave Afghanistan

Once brimming with combat boots, flak jackets and other war paraphernalia, the smugglers’ markets in Pakistan are being forced to rethink their business model as foreign troops exit Afghanistan and contraband dries up.
10 August 2021, 18:00 PM

US Senate to vote on passage of $1tr infrastructure bill

The US Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one of President Joe Biden’s top priorities, and then will immediately begin to debate a more far-reaching $3.5 trillion bill.
10 August 2021, 18:00 PM

Tesla sold 32,968 China-made vehicles in July

US electric vehicle maker Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.
10 August 2021, 18:00 PM

InterContinental Hotels profits from travel rebound

InterContinental  Hotels Group on Tuesday announced a return to first-half profits as  vaccination rollouts and the lifting of lockdowns boosted travel demand.
10 August 2021, 18:00 PM

StanChart CEO says firms must act on climate change

Companies should not rely on governments to reach agreement at a global summit on climate change this year, but rather take more action themselves, Standard Chartered CEO Bill Winters said on Tuesday.
10 August 2021, 18:00 PM

Switch to online AGMs gains pace despite concerns

A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently.
10 August 2021, 18:00 PM

Asian airlines offer perks to keep elite flyers on board

From wellness workshops to dinner with a celebrity chef and flights to nowhere, Asia’s big international airlines are working hard to keep their most lucrative customers engaged as the pandemic-related travel halt stretches beyond 18 months. 
10 August 2021, 18:00 PM

Oil recovers from three-week low

Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of Covid cases in Asian countries.
10 August 2021, 18:00 PM

New Zealand plans border reopening amid labour shortage

Under pressure from businesses and public sectors facing a worker shortage that policymakers fear will fuel inflation, New Zealand Prime Minister Jacinda Ardern is due to unveil plans this week to reopen the country’s borders.
9 August 2021, 18:00 PM

How sustainable are sovereign wealth funds?

Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds to be all over it, as investment giants with decades in their sights. 
9 August 2021, 18:00 PM

Equity firms revise China strategy amid crackdown

Private equity firms are rethinking their strategies in China as a widening regulatory crackdown on some of the country’s hottest sectors forces investors to scout for bets in other industries that they hope will be less vulnerable to sudden policy changes.
9 August 2021, 18:00 PM

Oil drops 3pc on China Covid curbs, stronger dollar

Oil prices fell more than 3 per cent on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could halt a global recovery in fuel demand.
9 August 2021, 18:00 PM

China’s factory price growth quickens

China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs. 
9 August 2021, 18:00 PM

JPMorgan mandates masks for employees in US offices

JPMorgan Chase & Co employees in the United States will be required to wear masks in public indoor settings and in common areas within its offices regardless of their vaccination status, the bank told staff in a memo on Friday. 
8 August 2021, 18:00 PM

US Senate advances infrastructure bill towards passage

The US Senate voted to advance a $1 trillion infrastructure package on Saturday but remained on a slow path toward passage with two Republicans openly opposing behind-the-scenes efforts to wrap up work on one of President Joe Biden’s top priorities. 
8 August 2021, 18:00 PM

Amid sexual assault allegation, Alibaba launches probe

Chinese e-commerce giant Alibaba Group Holding Ltd said on Sunday it has suspended several staff following an employee’s allegations on the company’s intranet that she was sexually assaulted by her boss and a client. 
8 August 2021, 18:00 PM

Exxon suspended from climate advocacy group it helped form

Exxon Mobil Corp was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday.
8 August 2021, 18:00 PM

Saudi Aramco profit soars on demand recovery

Energy giant Saudi Aramco’s second quarter profits for 2021 have bounced back to pre-pandemic levels due to higher oil prices, nearly quadrupling compared to the same period last year.
8 August 2021, 18:00 PM