AFP, WASHINGTON: The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document…

“With this investment from Aavishkaar, PayWell will expand its market across Bangladesh with a targeted network of more than 30,000 agents in 2 years, retailing various services to consumers and also equipping SMEs and enterprise merchants to accept payments from more than 30 million mobile financial…

The government has given the charge of managing director of Bangladesh Telecommuni-cations Company Limited (BTCL) to its member (planning and development)…

AFP, TOKYO: The dollar held gains against the yen yesterday after risk appetite among Asian investors jumped on the back of rising expectations of a rise in US borrowing costs. Sentiment in regional markets turned sharply positive after stocks in Europe and on Wall Street rallied on Tuesday on much…

AFP, BRUSSELS: Eurozone ministers reached a vital deal with Greece yesterday to unlock bailout cash and start tackling the country’s debt mountain as demanded by the IMF, but analysts warned details are sketchy, spelling trouble further down the road. The agreement unlocks 10.3 billion euros ($12…

AFP, LONDON: European stocks jumped yesterday, mirroring gains in Asia, as investors welcomed Greece’s debt relief deal, bright German and US economic data, easing Brexit concerns and firmer oil prices. The region’s markets had also climbed the previous day as opinion polls suggested Britain…

AFP, LAGOS: Rose Edet never thought buying tomatoes for her busy Lagos restaurant would be an issue. But the rising cost is causing her a headache and…

AFP, LONDON: Oil prices edged towards $50 a barrel yesterday after hitting the highest levels this year on a larger-than-expected drop in US stockpiles as wildfires disrupt Canadian crude output. US benchmark West Texas Intermediate (WTI) struck a 7.5-month peak at $49.45 a barrel after the American…

Bangladesh Minister for Commerce Tofail Ahmed is visiting the Kingdom of Saudi Arabia to attend the 15th OIC Trade Fair that kicked on Sunday in Riyadh…

AFP, BRUSSELS: US firms Netflix and Amazon face quotas for European movies and television shows under new EU proposals unveiled yesterday that also aim to lift cross-border barriers for Internet shoppers. The plan is the latest step towards what Brussels calls a digital single market, in which the European…

AFP, MUMBAI: Britain’s business minister Sajid Javid met Tata Steel bosses in Mumbai ahead of a crunch board meeting yesterday expected to discuss potential buyers for its loss-making UK assets. Tata Steel, Britain’s biggest steel employer, announced in March that it planned to sell its…

AFP, NEW DELHI:  Apple faces a roadblock in its quest to open stores in India after the finance minister decided it must comply with tough local sourcing rules, a report said Wednesday, days after a visit by chief executive Tim Cook. India will not exempt Apple from regulations stating that foreign…

AFP, VIENNA: Austrian aircraft parts maker FACC said yesterday that it has fired its chief executive of 17 years after cyber criminals stole some 50 million euros ($55.7 million) in a so-called “fake president” scam. FACC, whose customers include Airbus, Boeing and Rolls-Royce, said that…

AFP, LONDON: With one month to go before Britain’s vital in-out EU referendum, London’s City finance district is busily planning ahead for a potential “Brexit”. Big City firms, many of which are housed in skyscrapers that dominate the London skyline, are seeking to protect themselves…

PTI, Guangzhou: India yesterday promised a conducive environment for Chinese investors and urged them to participate in ‘Make in India’ and other flagship programmes of the government to boost bilateral trade. “We will facilitate your efforts to make your investments in India profitable. …