Business - NsNewsWire

Chinese yuan strengthens to 6.9042 against USD Monday

BEIJING, Nov. 28 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 126 basis points to 6.9042 against the U.S. dollar Monday, according to the China Foreign Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the […]

Disney’s “Moana” debuts to 81.1 mln USD in Thanksgiving box office

LOS ANGELES, Nov. 28 (NsNewsWire) — Disney’s animated film “Moana” hits weekend box office in North America with over 80 million U.S. dollars. The animated adventure “Moana” debuted to be number one with an estimated 81.1 million dollars in ticket sales in the five-day holiday weekend period in the United States and Canada, reports Xinhua. […]

Grameenphone signs MOU with Versatile Solutions

DHAKA, Nov. 27 (NsNewsWire) — Grameenphone Ltd. recently signed a Memorandum of Understanding with Versatile Solutions Ltd. that will help both the organization to test & conduct POC (Proof of Concept) for MDM (Mobile Device Management) Solution with prospective business customers in Bangladesh. Under the terms of the MOU, Grameenphone will TEST & conduct POC […]

India and Bangladesh sign two Memorandum of Understanding for implementation of development projects in Madaripur

DHAKA, Nov. 27 (NsNewsWire) –The government of India will be funding a number of projects in Madaripur district at a total cost of Taka 2,30,00,000 (Taka two core thirty lac). To this effect, India and Bangladesh signed two MoUs (Memorandum of Understanding) in Madaripur on 27 November 2016 in the presence of Mr. Shajahan Khan, […]

China industrial profit growth accelerates to 9.8 pct

BEIJING, Nov. 27 (Xinhua) — China’s combined industrial profits rose 9.8 percent year on year in October, up from 7.7 percent registered in September, official data showed Sunday.The acceleration was attributed to faster growth of sales revenue, rising producer prices and the strong profit growth in chemical, coal and general equipment sectors, the National Bureau […]

Britain’s economy affected by historic events, say statistics experts

LONDON, Nov. 27 (NsNewsWire) — Historic events in Britain left their mark on the country’s economy, a study by the Office for National Statistics (ONS) has revealed on Friday. ONS studied landmark events to gauge what impact they had on Britain’s Gross Domestic Product (GDP), reports Xinhua. An ONS spokesman said: “Events in recent history […]

Feature: Black Friday online sales surge for U.S. brick-and-mortar retailers

NEW YORK, Nov. 26 (NsNewsWire) — To Kenny Sun’s surprise, it took him only about one hour or so to buy and return an iPad 4 at a local flagship store of Best Buy, a major U.S. consumer-electronics retailer, in the morning of 2016’s Black Friday, a day used to be frenzy and chaotic for […]

Myanmar to upgrade livestock and fisheries sector for more export to EU market

YANGON, Nov. 26 (Xinhua) — Myanmar will implement an upgrading program for the country’s livestock and fishery sector in cooperation with European Union (EU) and German state-owned organization GIZ, according to the ministry of agriculture, livestock and irrigation of Myanmar Friday. U Khin Maung Maw, a director general from Myanmar’s fishery department and Dr. Pefra […]

U.S. dollar falls on profit-taking

NEW YORK, Nov. 26 (NsNewsWire) — The U.S. dollar declined against most major peers on Friday after investors took profits from recent gains. The dollar index, which measures the greenback against six major peers, had been up over 3 percent in the past two weeks, amid rising expectations for an interest rate-hike by year-end, reports […]