Indian bank reports $1.8b fraud at single branch

India's second-largest state-owned bank announced Wednesday that it had detected nearly $ 1.8 billion in fraud in one of its branches, plunging its stock by more than nine per cent. The Punjab National Bank (PNB), one of many public lenders that the government is trying to clean up, said that deals worth $ 1.77 billion […]

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Toshiba tips return to black

The troubled Japanese conglomerate Toshiba announced Wednesday that it was going to rock in the dark for the whole of the fiscal year as it would complete the sale of its chips for several billion dollars. dollars to restore his balance sheet. The Tokyo-based company said it's now expecting a net profit of 520 billion […]

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Japan economy grows for 8th straight quarter

Japan's economy grew for the eighth consecutive quarter at the end of 2017, government data announced Wednesday, its longest period of expansion since the economic bubble of the late 1980s . Gross domestic product figures were below expectations and slowed compared to the previous quarter, but analysts expect continued growth. GDP rose only 0.1% in […]

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App delivery boom shakes up China food sector

Guo Bonan has opened several new branches of its spicy Sichuan restaurants "8Peppers" across Shanghai since last year, and no one has dining room. There is no need for them – outside each point of sale are packs of motorcycle deliverymen waiting to take away the dishes from Guo's steaming kitchens in homes, offices and […]

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Indian firm NTPC wins deal for 300MW power supply

The Indian Cross-Border Electricity Trade Branch National Thermal Power Corporation Ltd. has won a contract for providing 300 megawatts of electricity to Bangladesh during 15 years old. The supply of energy is expected to start from June this year, said a statement released by NTPC, the country's largest electricity production company, last night . The […]

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IFAD-Bangladesh sign deal to promote resilience to extreme weather

The International Fund for Agricultural Development (IFAD) and Bangladesh on Tuesday signed a $ 92.4 million financing agreement to improve incomes and promote resilience to extreme weather conditions. 000 rural households in six northern districts. from Bangladesh. The agreement for the promotion of resilience of vulnerable people through a project to improve skills and information […]

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UK inflation holds at 3pc

Britain's annual inflation rate remained at 3.0% in January, coming close to a six-year high, official data revealed Tuesday. The news comes less than a week after the Bank of England warned that it could raise interest rates faster than expected to help bring down the rate of interest. ;inflation. "The 12-month rate of the […]

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Unilever threatens online ad cuts to clean up internet

Consumer-goods giant Unilever, one of the world's biggest advertisers, has threatened to tap into investments from digital platforms like Facebook and Google that "create divisions" in society or fail to protect them. children. Keith Weed, marketing director at ice cream maker Ben & Jerry's and Dove soap, will announce the company's plan in a speech […]

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PM asks IFAD to boost rural economy to fight poverty

Prime Minister Sheikh Hasina said today that strengthening investment in the rural economy as part of a global partnership was a key factor in the fight against poverty. against poverty, at the IFAD Council meeting. on agriculture. "We believe that to ensure resilience, investment in the rural economy is a key factor, which we believe […]

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4G spectrum auction begins for mobile phone operators

Two major mobile operators – Grameenphone and Banglalink – acquired 15.6 megahertz from 4G spectrum with a price of $ 463.6 million today. 39; hui. Banglalink took the 10.6 MHz spectrum of two different bands – 2100 and 1800, with a price of $ 308.6 million while Grameenphone took 5 MHz of only 1800 bands […]

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