Nepal's national carrier signs aircraft purchase deal with Airbus

US suspends B'desh trade privileges citing lack of labour reforms; to hit country's garment industry

The US has suspended trade privileges for Bangladesh, citing lack of labour reforms and inability to ensure workers' rights. The Generalised System of Preference, GSP is a 37-year-old trade preference program under which the United States provides duty-free treatment to many imports from de...

EU leaders reach agreement on 1.3 trillion dollar budget for 2014 -'20

European Union leaders have reached a deal on a 1.3 trillion dollar, seven-year budget. All 27 leaders unanimously approved the deal early today in Brussels after overcoming British concerns about a rebate that remains intact. The spending plan for the 2014 to 2020 period is expected to be approved ...

Sensex gains over 400 points in afternoon trade

The BSE Sensex today rose 406 points to 19,282 points, a short while ago. Earlier, it gained 19,000 level by spurting 293 points in early trade, led by rally in oil and gas sector stocks after the government approved near doubling of natural gas prices to 8.4 US Dollars from April 1, 2014.Similarly,...

Sensex gains over 339 points led by oil & gas sector stock rally

The BSE Sensex today rose 339 points to 19,215 points short while ago. Earlier, it gained 19,000 level by spurting 293 points in early trade, led by rally in oil and gas sector stocks after the government approved near doubling of natural gas prices to 8.4 US Dollars from April 1, 2014.Similarly, th...

Oil rises in Asia on upbeat US economic data

Oil prices rose in Asian trade today after a brief dip as dealers digested upbeat US economic data and comments from a Federal Reserve official that its stimulus programme will not end soon.New York's main contract, West Texas Intermediate light sweet crude for delivery in August, was up ni...

EU leaders reach deal on $1.3tn seven-year budget

European Union leaders have reached a deal on a 1.3 trillion dollar, seven-year budget. All 27 leaders unanimously approved the deal early today in Brussels after overcoming British concerns about a rebate that remains intact. The spending plan for the 2014 to 2020 period is expected to be approved ...

Rupee extends recovery; rises 37 paise to quote at 59.92 against dollar

The rupee rose by 37 paise to 59.82rupees against the American currency in early trade on the Interbank Foreign Exchange today, extending yesterday's recovery on increased dollar selling by banks and exporters, and strong domestic equity market.However, month-end demand from oil importers f...

Gas price hike leads to sensex spurting 293 points; regains 19K level

The BSE benchmark Sensex today regained 19,000 level by spurting 293 points in early trade, led by rally in oil and gas sector stocks after the government approved near doubling of natural gas prices to 8.4 US Dollars from April 1, 2014. The 30-share barometer surged by 293 points to 19,169 with oil...

Ireland slumps back into recession after 4 years

Ireland, a bailed-out eurozone nation, has slumped back into recession for the first time since 2009. A revised official data showed today that the economy grew by far less than thought last year. It was rescued by an 85-billion-euro from the international Monetary Fund and the European Union in lat...