Business - NsNewsWire

LG Electronics’ operating profit almost doubles in Q1

SEOUL, April 7 (Xinhua) — LG Electronics saw its first-quarter operating profit almost double compared with a year earlier, a regulatory filing showed Friday. Operating profit reached 921.5 billion won (810 million U.S. dollars) in the January-March quarter, up 82.4 percent from the same period of last year. The first-quarter revenue was 14.66 trillion won, […]

Bangladesh earns 26 bln USD in exports in 3Qs of current fiscal

DHAKA, April 6 (NsNewsWire) — Bangladesh’s export income in the first three quarters of the current 2016-17 fiscal year (July 2016-June 2017) grew 3.97 percent to nearly 26 billion U.S. dollars, an official said Thursday, reports Xinhua. The Export Promotion Bureau (EPB) official told Xinhua that the country earned a total of 25,946.02 million U.S. […]

IMF warns of slow productivity growth undermining financial, social stability

WASHINGTON, April 4 (NsNewsWire) — International Monetary Fund (IMF) on Monday warned that slow productivity growth since the 2008 financial crisis would threaten financial and social stability in some countries. “Another decade of weak productivity growth would seriously undermine the rise in global living standards,” said Christine Lagarde, IMF’s managing director, at an event held […]

Telenor Group launches IoT pilot for Norwegian entrepreneurs

DHAKA, April 4 (NsNewsWire) — Telenor Group has unveiled a new experimental Internet of Things (IoT) offering, Telenor Start IoT, in Norway. Available free of charge to Norwegian entrepreneurs and students, the multi-city pilot initiative will support entrepreneurship, boost innovation and new national competence building. “By providing cost-free access to next-generation IoT infrastructure, we provide […]

Robi- 10 Minute School wins prestigious Glomo Awards 2017 at the Mobile World Congress

DHAKA, April 3 (NsNewsWire) — Robi-10 Minute School has recently won a GSMA Glomo award for the Best Mobile Innovation for Education and Learning in the “Connected Life Awards” category at the Mobile World Congress (MWC) 2017. The announcement came during this year’s MWC – the world’s largest gathering for the mobile industry recently held […]

China’s top train maker receives order from India

DALIAN, April 3 (NsNewsWire) — An affiliated company under China’s top train maker CRRC Corporation has acquired a subway train order from Nagpur, India, the company said Sunday. A total of 69 train coaches will be produced by CRRC Dalian for subway operations in Nagpur, the largest city in central India, according to an agreement […]

U.S. major farm state expects sound trade relationship with China

CHICAGO, March 30 (NsNewsWire) — Maintaining a good and normal trade relationship between China and the United States will benefit both countries, Iowa officials have told Xinhua in separate, exclusive interviews. “It’s clearly a two-way trade. From an agriculture perspective, China is important to us,” said Kirk Leeds, chief executive officer of Iowa Soybean Association, […]

Australian state government committed to improving social housing

SYDNEY, March 30 (Xinhua) — The New South Wales state government committed 8 million Australian dollars (6.132 million U.S. dollars) on Thursday to improve social housing and community facilities for disadvantaged Australians. The Social Housing Community Improvement Fund (SHCIF) works with local organizations to build and refurbish facilities in government-funded housing areas. New South Wales […]

Chinese yuan weakens to 6.8915 against USD Wednesday

BEIJING, March 29 (Xinhua) — The central parity rate of the renminbi, or the yuan, weakened 133 basis points to 6.8915 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. The central bank on Wednesday, for the fourth consecutive business day, skipped the open market operations of reverse repos, a process […]