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Chanel warns virus impact will linger on luxury 2020-06-18 09:29:03The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on

Wirecard faces loan crunch over missing $2.1 billion 2020-06-18 09:25:25Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending the German payments firm's shares down over 60% on

Factbox: German payments firm Wirecard and its missing 2020-06-18 09:24:49Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign o

Wall Street set to open lower on rising 2020-06-18 09:19:05U.S. stock futures fell on Thursday as an uptick in COVID-19 infections in parts of the United States threatened to upend bets of a swift economic rec

Colgate reviewing Chinese toothpaste brand Darlie amid debate 2020-06-18 09:17:01Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassess

Cash flows into U.S. growth funds surge, value 2020-06-18 09:08:45U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped val

U.S. Chamber urges China to accelerate purchases of 2020-06-18 08:53:29The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. g

Oil prices tick up as drop in U.S. 2020-06-18 08:48:56Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and t

KKR buys vacation parks firm Roompot in $1.1 2020-06-18 08:47:56U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PA

U.S. weekly jobless claims remain high as second 2020-06-18 08:38:50A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting

Kroger expects to top 2020 outlook, beats estimates 2020-06-18 08:27:11Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on

Exclusive: EU in advanced talks with Johnson & 2020-06-18 08:25:28The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine

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India inflation likely slowed in June as output 2020-07-09 14:00:00India’s consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of

Promising Asian markets could revive export earnings, say 2020-07-09 14:00:00The promising growth in export earnings seen at three Asian markets during the previous fiscal year has come to a halt following the coronavirus outbr

Gold rises towards nine-year peak as virus cases 2020-07-09 14:00:00Gold firmed above the key $1,800 level on Thursday just shy of a near nine-year peak on growing fears that surging coronavirus cases will put the brak

To cut costs, govt suspends buying vehicles for 2020-07-09 14:00:00The government has decided not to purchase new vehicles under all operating and development expenses for the rest of 2020 as part of its austerity mea

Explore new markets, train manpower to boost remittance: 2020-07-09 14:00:00Remittance has been on the rise in recent years riding on an annual export of more than 7 lakh economic migrants since 2016 – in a development t

In recovery mode, technology will build resilient banking 2020-07-09 14:00:00This year saw an unprecedented and drastic transition in the banking sector.

China’s factory gate deflation eases as economy recovers 2020-07-09 14:00:00China’s factory-gate prices fell at a slower-than-expected rate in June, official data showed, as the country works towards recovering from the

Firms asked to remove anomalies in accounting of 2020-07-09 14:00:00The Financial Reporting Council (FRC) has unearthed gross irregularities in the accounting of the forfeited amount of provident funds of public intere

Tesla ‘very close’ to level 5 autonomous driving 2020-07-09 14:00:00US electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on

Hili port’s revenue falls 30pc short of target 2020-07-09 14:00:00Hili land port’s revenue earnings fell 30 per cent short of the target of Tk 271.61 crore in fiscal year 2019-20 due to the coronavirus outbreak

Sri Lanka slashes key interest rates to aid 2020-07-09 14:00:00Sri Lanka’s central bank on Thursday cut interest rates for the fifth time this year in a new bid to breathe life into the coronavirus-stricken

Prime Bank approves 13.5pc cash dividend 2020-07-09 14:00:00Prime Bank yesterday approved 13.50 per cent cash dividend (Tk 1.35 per share) for 2019 in its annual general meeting (AGM).

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Tariff hike in telecom sector 'inevitable', likely in 2020-07-05 08:53:56The industry is talking of ARPUs going up anywhere from 60 per cent to 80 per cent over next two-three years, and that can happen by way of tariff inc

PM's Ladakh visit shows India ready to beat 2020-07-05 08:51:57Chellaney said without naming China, Modi delivered a clear message to the country and this was apparent from Beijing's reaction to the prime ministe

Coronavirus LIVE: Highest single-day spike of 1,153 cases 2020-07-05 08:30:00Coronavirus latest news: The global caseload from the deadly infection reached 11,371,646 during the day and the fatalities spiked to 532,856. Stay tu

World Coronavirus Dispatch: WHO stops trials of HCQ, 2020-07-05 07:46:23Glaxo, Sanofi near $624 mn vaccine deal, Mexico deaths top 30,000, uneven recovery for Arab world and other pandemic-related news across the globe

Former RBI governor Urjit Patel pens book on 2020-07-05 07:10:10Patel's book description says that sovereigns do not need to earn or save before spending money. They can either print or borrow.

New Sebi norms to give more fund-raising flexibility 2020-07-05 07:02:21Market experts said the new guidelines provide flexibility to the promoters and promoter group entities to attract investors for their companies

Latest News LIVE: Rain lashes Chandigarh, parts of 2020-07-05 06:29:56A crucial meeting of Nepal's ruling communist party to decide the political future of embattled Prime Minister K P Sharma Oli was postponed. Stay tun

Income Tax dept amends TDS form, makes it 2020-07-05 06:28:09As per the amended form, banks will have to report Tax Deducted at Source (TDS) for cash withdrawals above Rs 1 crore

PM Modi briefs President Kovind on various issues: 2020-07-05 05:53:46The meeting comes after the Prime Minister had visited Leh earlier this week and addressed soldiers following the June 15 clashes

Jewellers start melting new ornaments to pare inventory 2020-07-05 05:18:18Earlier they were doing this only with old or used jewellery

Federal Bank focuses on gold loans amid Covid-19 2020-07-05 05:12:08The bank is targeting gold loan growth to touch 35 per cent during FY21 as against 29 per cent in FY20

DHFL defaults on NCD repayments of Rs 50 2020-07-05 05:11:28The payments to the lenders or NCD holders remain in abeyance and will be subject to the outcome of the CIRP process, the company said.

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