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China May forex reserves rise more than expected

China's foreign exchange reserves rose in May for a fourth consecutive month and by more than markets had expected, as stringent capital control measures and a weakening in the dollar helped staunch outflows.
7 June 2017, 18:00 PM

Sony's PlayStation VR headset sales top 1m units

Sony Corp has sold more than one million units of its virtual reality (VR) headset globally, the Asia chief of the Japanese firm's gaming unit said on Wednesday, as a relatively low price helps push the product into an early lead.
7 June 2017, 18:00 PM

US, Mexico reach sugar pact without backing from US producers

Mexico agreed to significant concessions on Tuesday to maintain its access to the lucrative US sugar market, but US sugar producers refused to endorse the deal between the governments, raising the risk that it could collapse.
7 June 2017, 18:00 PM

Philippines halts workers' deployment to Qatar

The Philippines on Tuesday halted the deployment of workers to Qatar as the gas-rich Gulf state grappled with a diplomatic crisis after its neighbours cut ties with Doha.
6 June 2017, 18:00 PM

Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals

Qatar's currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region.
6 June 2017, 18:00 PM

Aamra Tech wins Microsoft award

Aamra Technologies Ltd has won Microsoft Country Partner of the Year Award 2017 for Bangladesh, the company said in a statement.
6 June 2017, 18:00 PM

Airbus sees 'very slow year' for orders

This will be a "very, very slow year" for orders for Airbus, a top executive said Monday.
6 June 2017, 18:00 PM

S Korea unveils $10b stimulus to boost jobs, welfare

South Korea launched on Monday a $10 billion stimulus package to create jobs and bolster welfare programmes in the country faced with slow growth and ageing population. The 11.2-trillion won plan is the first since Moon Jae-In was elected president of Asia's
5 June 2017, 18:00 PM

French private sector growth rises to 6-yr high

France's private sector growth accelerated in May to its fastest level in six years, a key survey showed Monday.
5 June 2017, 18:00 PM

Telcos against high licence fee, revenue-sharing in 4G

Parent companies of top three mobile phone operators in Bangladesh have voiced concerns against any possible high licence fees and revenue-sharing rate for the fourth generation (4G) services.
5 June 2017, 18:00 PM

New job creation vital for Bangladesh: WB

The momentum in job creation in Bangladesh has slowed in recent years despite robust economic growth, said the World Bank yesterday.
5 June 2017, 18:00 PM

Solar energy boom turns to bust for Indian manufacturers

Some of India's biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi's government prioritises cheap power over local manufacturing despite his 'Make in India' push.
5 June 2017, 18:00 PM

WB sees improving global economy but risks remain

The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said Sunday.
5 June 2017, 18:00 PM

India's mobile internet use increases ninefold

Mobile internet usage in India has increased ninefold in a single year, after the launch of a new operator sparked a telecoms price war, according to a new report.
5 June 2017, 18:00 PM

Laptop ban hot topic as airlines meet in Cancun

Top airline industry players are meeting Monday and Tuesday in Cancun to seek alternatives to the US and British bans on laptops and tablets on certain flights, which they say is hurting business.
5 June 2017, 18:00 PM

Slovenia's eco-hero who crushed a cement giant

When he saw swallows nesting in the barn for the first time in almost two decades, Slovenian farmer Uros Macerl felt vindicated. His exhausting battle against a polluting industrial giant had been worthwhile.
5 June 2017, 18:00 PM

Nepal, China sign mega hydropower agreement

Nepal has signed an agreement with a Chinese company to build the largest hydroelectric plant in the impoverished landlocked country, which suffers from a chronic energy shortage.
5 June 2017, 18:00 PM

India's services activity accelerates in May

Activity in India's services industry accelerated in May as domestic and foreign orders rose, prompting firms to create jobs at the fastest pace in nearly four years, a private business survey showed on Monday.
5 June 2017, 18:00 PM

Oil prices dip

Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production.
5 June 2017, 18:00 PM

Greece revises Q1 up to 0.4pc growth

The Greek economy grew by a slim 0.4 percent in the first three months of 2017, official data showed Friday, revising a contraction of 0.1 percent reported in May.
4 June 2017, 18:00 PM