AFP, GENEVA: The World Trade Organization remains deeply divided over its flagship global trade pact ahead of a key conference in Nairobi, with some members…

AFP, SINGAPORE: Oil prices traded near $42 in Asia yesterday as US markets took a break for Thanksgiving and Russia ruled out a military strike against Turkey for shooting down one of its warplanes. At around 0615 GMT, US benchmark West Texas Intermediate for delivery in January was 55 cents lower at…

HSBC is closing its private banking arm in India, where the increasing number of wealthy individuals has led to intense competition for their business,…

Industries Minister Amir Hossain Amu expressed the hope that Bangladesh would go ahead for achieving the Sustainable Development Goals (SDGs) maintaining the existing trend of economic growth in next five years, reports BSS. "The government has already taken up 7th Five Year Plan with the target…

Shares in Asia’s biggest budget airline, AirAsia, fell as much as 7 per cent on Friday after the firm posted a loss for the three months to September, reports BBC. The Malaysian-based airline, which has operations in Indonesia and the Philippines, among others, posted a net loss on Thursday of…

AFP, HONG KONG: A plunge in Chinese stocks dragged Asian markets down yesterday after authorities launched a probe into several brokerages and profits…

AFP, TOKYO: The euro yesterday hovered around seven-month lows on the dollar and was also weak against Asian currencies on speculation that the European Central Bank will unleash fresh stimulus measures next week. Further action by the ECB to boost the 19-nation eurozone economy was likely to heap pressure…

Australian mining giant BHP says mud spilled by the devastating collapse of a dam at a Brazilian mine is not toxic, reports BBC. On Thursday the UN said the dam burst at the Samarco mine unleashed a flood equivalent to “20,000 Olympic swimming pools of toxic mud”. The incident earlier this…

AFP, SEOUL: South Korea’s LG Display said yesterday it planned to invest close to $9.0 billion in a new plant to produce organic light-emitting diode (OLED) displays, anticipating a surge in demand for the ultra high-definition technology. Total investment in the plant, to be built in Paju near…

Oman Air, the national carrier of the Sultanate of Oman, has recently participated in a glittering celebration of Oman’s 45th National Day in Dhaka, says a press release.  The event was organised by the Oman Embassy at a hotel in the capital on November 18. One of the major attractions of…

AFP, TOKYO: Japanese consu-mer prices fell 0.1 per cent in October year-on-year, official data showed Friday, as the government mulls ways to safeguard its fragile economy. The fall in core inflation, which excludes volatile fresh food prices, marked the third straight monthly decline, according to…

AFP, SEOUL: South Korea’s LG Display said yesterday it planned to invest close to $9.0 billion in a new plant to produce organic light-emitting diode (OLED) displays, anticipating a surge in demand for the ultra high-definition technology. Total investment in the plant, to be built in Paju near…

AFP, TAIPEI: Taiwan yesterday cut its growth forecast for 2015 for the second time since August, to 1.06 per cent, while also lowering expectations for next year amid slumping exports. The full-year figure was adjusted down 0.50 per centage points from August when the Directorate General of Budget,…

Bangladesh Bank decided to use the Society for Worldwide Interbank Financial Telecom-munication (SWIFT) as an alternative channel to the Virtual Private Network (VPN) connectivity in the first phase of RTGS operations, says a press release. BB took the decision as it successfully went live with its…