Business - NsNewsWire

Bangladesh’s foreign exchange reserve hits all-time high

DHAKA, Dec. 19 (NsNewsWire) — Bangladesh’s foreign exchange reserve hit an all-time high of 22.37 billion U.S. dollars on Thursday, said the central bank governor. Bangladesh Bank (BB) Governor Atiur Rahman said the country’s ” foreign exchange reserve reached a record amount of 22.37 billion U.S. dollars Thursday.” He made the announcement while addressing a […]

Bangladesh mobile handset shipments touch 7.9 mln in 3Qs, Walton Maximus emerge as strong brands

Mumbai, Dec. 17 (NsNewsWire) — According to CyberMedia Research’s Bangladesh Quarterly Mobile Handsets Market Review, 3Q CY 2014 report released (today) Wednesday, Bangladesh continues to show consistent growth in both the featurephone as well as smartphone segments. This is among very few South East Asian markets where growth is seen in both segments. As per […]

IFAD and ADB strengthen partnership to transform rural areas in Asia and the Pacific

Rome, Dec. 17 (NsNewsWire) — The International Fund for Agricultural Development (IFAD) and the Asian Development Bank (ADB) signed a cofinancing agreement today to continue the agencies’ ongoing collaborative work to transform rural areas into vibrant, productive and food secure communities in the Asia and the Pacific region.The agreement, which identifies and facilitates financing modalities […]

World Bank commits over $1 billion to Bangladesh

Washingtong, Dec. 17 (NsNewsWire) — The World Bank has approved approximately $1.1 billion for three projects in Bangladesh that would benefit almost 36 million people by improving the quality of primary education, building coastal communities’ resilience to natural disaster, and increasing the nutrition and cognitive development of children from the poorest households. According to a […]

China 2015 GDP growth to weaken to 7.1 pct: PBOC working paper

BEIJING, Dec. 16 (NsNewsWire) — China’s GDP growth is expected to slow modestly next year to 7.1 percent, but employment and inflation will remain stable, according to a central bank working paper. “Real GDP growth will decelerate slightly to 7.1 percent in 2015, reflecting partly the slowdown in real estate investment,” said a working paper […]

Chinese social networking company Momo debuts on Nasdaq

DHAKA, Dec. 13 (NsNewsWire) — China’s mobile social networking platform Momo Inc. listed its shares Thursday on the NASDAQ global select market. The company announced that its initial public offering of 16 million American depositary shares (ADSs) was priced at 13.5 U.S. dollars per ADS for a total offering size of 216 million dollars, reports […]

China to keep 2015 growth, policy steady under “new normal”

BEIJING, Dec. 12 (NsNewsWire) — China will strive to keep economic growth and policies steady in 2015 and adapt to the “new normal” of slower speed but higher quality, said a statement released after a crucial economic policy meeting concluded on Thursday. The Central Economic Work Conference saw Chinese leaders and senior officials sketching out […]

Xinhuanet launches Asian-Pacific Edition

BEIJING, Dec. 11 (NsNewsWire)– Xinhuanet, the online service of Xinhua News Agency, launches its Asian-Pacific edition on Thursday after in-depth research and careful preparation, as part of efforts to step up the website’s overseas localization. The Xinhuanet Asian-Pacific Edition aims to build an information bridge connecting China and the Asian-Pacific countries, reports Xinhua. The edition […]

Global growth expected to accelerate moderately in 2015

NEW YORK, Dec. 10 (NsNewsWire) — Global economic growth will accelerate moderately next year and some economists predict that the bull market in equities can continue to rally, although at a slower pace. The global real gross domestic product (GDP) growth is projected to reach 3.7 percent next year, compared with 3.2 percent this year, […]