Xinhua, WASHINGTON: The World Bank is nudging up its 2015 forecast for crude oil prices from 53 US dollars in April to 57 dollars per barrel after oil prices rose 17 per cent in the April to June quarter, according to the bank’s latest Commodity Markets Outlook released on Wednesday. The Bank…

People now can buy gold and gold ornaments at lower prices as the local jewellers adjusted downward the prices with the falling trend on the international market, reports BSS. Bangladesh Jewellers Samity (BAJUS), the umbrella organisation of the country’s gold and gold ornaments traders, adjusted…

AFP, MILAN: The maker of Italy’s iconic Ferrari sports car officially filed with US regulators yesterday, as its plans to launch an initial public offering on Wall Street, parent company Fiat Chrysler Automobiles said yesterday. FCA announced in October that it would spin off its famed sports…

AFP, NEW YORK: McDonald’s reported lower quarterly earnings yesterday behind a drop in comparable sales and declining traffic in all major segments. Earnings for the second quarter fell 13.3 per cent to $1.2 billion. Revenues dropped 9.5 per cent to $6.50 billion. Earnings translated into $1.26…

Trading at the Dhaka Stock Exchange (DSE) ended yesterday, with the broader index rising for the nine days in a row and eventually crossing 4800-point mark again, reports BSS. The daily trade value and volume also rose substantially at the last session of the week. DSEX finished the day with a phenomenal…

AFP, SEOUL: Hyundai Motor Co yesterday said its second-quarter net profit plunged 23.8 per cent from a year earlier, due to a strong won and increased competition at home and abroad. The largest South Korean automaker’s net profit came to 1.79 trillion won ($1.55 billion) during the April-June…

AFP, BEIJING: China has 668 million Internet users, accounting for 48.8 per cent of the country’s total population, as e-commerce boomed in the world’s second-largest economy, authorities said. A total of 18.94 million new users—more than the population of Chile—were added in…

AFP, SINGAPORE: Oil prices were mixed in Asia yesterday, with WTI stuck below $50 a barrel after a rise in US stockpiles added to concerns over a supply glut, analysts said. The US Department of Energy on Wednesday said the country’s commercial crude stockpiles rose 2.5 million barrels last week,…

AFP, ULAN BATOR: After recording images of towns and cities across the world, Google’s Street View service launched yesterday in a less likely location—the vast, sparsely-populated Asian country of Mongolia. The US technology giant used a horse-drawn sled to carry its image capturing camera…

AFP, TOKYO: Tokyo stocks rose 0.44 per cent yesterday as a weakening yen boosted exporters while falling oil prices lifted Japanese airlines. The Nikkei 225 index at the Tokyo Stock Exchange added 90.28 points to end at 20,683.95, while the Topix index of all first-section shares climbed 0.57 per cent,…

DHL Global Forwarding has appointed Thomas Tieber as the chief executive officer for ASEAN and South Asia, says a press release. Tieber has been with the DHL Group for 26 years. He has held key management positions in business in Thailand, and establishing operations in Banglade sh, India, Myanmar,…

The newly elected and former leaders of Rangpur Chamber of Commerce and Industry (RCCI) have called for exploring prospects of trade and commerce to further accelerate development in the northern region, BSS reports from Rangpur. They were addressing the installation ceremony of the newly elected executive…

The pharmaceutical company, GSK, and Save the Children have launched a 1 million dollar award for developing country healthcare innovations to reduce child deaths, says a press release. The award is part of an ambitious partnership between GSK and Save the Children which aims to help save the lives…

AFP, PARIS: Hundreds of furious farmers blocked access roads to France’s second city Lyon with their tractors yesterday, unimpressed with a 600-million-euro government package to ease their financial plight sparked by falling prices. Faced with a growing political crisis, President Francois Hollande…

AFP, BAMIYAN: Trudging halfway up a jagged goat trail, guide Mohammad Ibrahim extolled the panoramic view—a vast, ancient landscape of russet-hued cliffs that is on the frontline of Afghan efforts to jumpstart warzone tourism. Bamiyan—famous for empty hillside niches that once sheltered…

Publishing group Pearson has announced it is in "advanced discussions" with an unnamed party over the sale of its Financial Times newspaper group, reports BBC. The company said it had "noted recent press speculation" surrounding the possible sale of the FT, but added that there was…

AFP, SEOUL: South Korea’s economy slowed in the second quarter, with consumer spending stifled by an outbreak of Middle East Respiratory Syndrome (MERS) and exports failing to lift from a lengthening slump. Asia’s fourth largest economy grew 0.3 per cent in the April-June period, down from…