Business - NsNewsWire

U.S. stocks keep rising after Trump victory

NEW YORK, Nov. 10 (NsNewsWire) — U.S. stocks gained for a third straight session Wednesday, as Wall Street assessed the economic impacts after U.S. Republican Donald Trump won the country’s presidential election. The Dow Jones Industrial Average jumped 256.98 points, or 1.40 percent, to 18,589.69. The S&P 500 added 23.70 points, or 1.11 percent, to […]

Mobile payment more favored, but security concerns linger: report

BEIJING, Nov. 10 (Xinhua) — More Chinese consumers preferred to make payments via smart devices as mobile apps have made purchases much easier, but security concerns remain, a PwC report said. Nearly one-third of respondents in China opted for mobile payment when shopping last year, doubling from 16 percent in 2014, according to the accounting […]

ADB lends 34 bln USD to China in 30 years

SHANGHAI, Nov. 10 (Xinhua) — Asian Development Bank (ADB) has provided 34 billion U.S. dollars in loans to China since the country became an ADB member in 1986, bank president Takehiko Nakao said Thursday. The loans comprised 31 billion dollars for the public sector and 3 billion dollars for the private sector, Nakao said at […]

Chinese aviation industry takes off with homegrown technology

ZHUHAI, Nov. 8 (NsNewsWire) — An international airshow that concluded Sunday has displayed China’s new found prowess in aviation technology, with both state-owned and private firms contributing to progress. The 11th China International Aviation and Aerospace Exhibition, which was held in Zhuhai, south China’s Guangdong Province, featured a number of debuts for Chinese aviation technology, […]

China’s rail freight volume rises to 21-month high

BEIJING, Nov. 8 (NsNewsWire) — China’s rail freight volume, an indicator of economic activity, rose for a third straight month in October, China Railway Corporation said on Monday. Rail freight volume increased 8.4 percent year on year to reach 244 million tonnes last month, the highest level since February 2015. During the first ten months […]

China’s high-earning consumers to surge by 2030: report

BEIJING, Nov. 6 (NsNewsWire) — China’s pool of high-earning consumers is set to surge in the next 15 years, their household spending growing to be greater than the Europe Union’s current level, a report showed. The number of people earning more than 10,000 U.S. dollars per year is expected to grow to around 480 million […]

Bangladesh’s forex reserve reaches 31.90 bln USD by October

DHAKA, Nov. 6 (Xinhua) — Bangladesh’s foreign exchange reserve reached 31.90 billion U.S. dollars at the end of October, said a central bank official on Sunday. “The country’s foreign exchange reserves stood at 31,895 million U.S. dollars in October after reaching 31,390 million U.S. dollars in September.” the official from the the Bangladesh Bank (BB) […]

Bangladesh’s largest annual leather industry fair kicks off

DHAKA, Nov. 4 (NsNewsWire) — A three-day international exhibition on machinery, components, chemicals and accessories for leather, footwear and leather goods kicked off in Bangladesh capital Dhaka aimed at bringing the latest technologies under one roof for the sector insiders, reports Xinhua. Some 250 exhibitors from different countries or regions have been participating the fair […]

Robi’s new MD & CEO takes charge tomorrow

Dhaka, Oct. 31, 2016: Mahtab Uddin Ahmed will take over the charge of Managing Director (MD) and Chief Executive Officer (CEO) of Robi Axiata Limited. He will be succeeding Supun Weerasinghe who had served the company since January 2014. Supun will return to Dialog Axiata Plc (Dialog), Sri Lanka’s premier connectivity provider as its Group […]