Bangladesh Textile Mills Association (BTMA) president Tapan Chowdhury pointed out three factors—inadequate gas, scarcity of electricity and land…

AFP, BRUSSELS: Britain will have to pay a “very hefty” bill to leave the European Union and negotiating a new relationship with the bloc will take years, European Commission chief Jean-Claude Juncker warned yesterday. Prime Minister Theresa May hopes to trigger the Brexit negotiations by…

AFP,SYDNEY:Mining giant BHP Billiton reported yesterday a dramatic rebound in half-yearly profits on the back of surging coal and iron ore prices and improved productivity. The underlying profit of US$3.2 billion and earnings before tax of US$9.9 billion for the last six months of 2016 exceeded expectations.…

AFP, NEW YORK: Yahoo slashed the price of the sale of its core Internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced yesterday. Under the revised terms of the deal, Verizon's purchase the Yahoo assets will now total $4.48 billion.…

AFP, NEW YORK: Wal-Mart Stores yesterday reported a strong gain in domestic store sales during the key holiday-shopping quarter, although earnings fell on higher expenses. The world's biggest retailer reported fourth-quarter net income of $3.8 billion, down 17.9 per cent from the year-ago period.…

AFP, FRANKFURT AM MAIN: The United States' new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc's top trade official said yesterday. After Trump's withdrawal from the Trans-Pacific Partnership trade deal in late January, "many countries…

AFP, BRUSSELS: Greece on Monday agreed to discuss new bailout reforms in a bid to break a deadlock with its EU-IMF creditors that has sparked new fears…

AFP,  WASHINGTON: A $1 billion bid for US television rights holder Dick Clark Productions by Chinese conglomerate Wanda Group is in trouble, reports…

AP, Hong Kong: London based bank HSBC reported yesterday that annual profit slumped following a year it said would be remembered for "unexpected…

AFP, SEOUL: Alibaba's payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said yesterday, the Chinese firm's latest step to expand its global reach. The investment in Kakao Pay comes less than a month after Ant bought US-based…

AFP, PYONGYANG: A North Korean state economic official sought yesterday to play down the impact of China's shock announcement that it was suspending coal imports from the country for the rest of the year. The move, which came shortly after another missile launch by Pyongyang and the assassination…