Unilever appoints Andersen as new chairman

Unilever on Wednesday named non-executive director Nils Andersen as its new chairman, appointing an executive with deep experience across consumer goods and logistics industries to help the Dove soap maker navigate a dip in emerging market sales growth and fix its foods business.
13 November 2019, 18:00 PM

Datasoft, eGeneration win global awards

Local tech firm Datasoft Manufacturing and Assembly (DMA) Inc won the outstanding ICT company award from the Asian-Oceanian Computing Industry Organisation (ASOCIO) for its Bangabandhu Hi-Tech City plant.
13 November 2019, 18:00 PM

Chinese takeover marks new chapter in history of British Steel

A Chinese buy-out marks a new chapter in the tumultuous history of steelmaking in the United Kingdom, which has been characterised by nationalisation, privatisations and recurring crises.
13 November 2019, 18:00 PM

Indonesia economy slows as commodity price slump bites

Indonesia posted another quarter of slowing growth Tuesday, its weakest pace in two years, as Southeast Asia’s biggest economy feels the sting of slumping commodity prices.
5 November 2019, 18:00 PM

Australia keeps interest rates on hold

Australia’s central bank on Tuesday kept interest rates on hold at a record low, with governor Philip Lowe saying the economy was showing signs of life after three cuts this year.
5 November 2019, 18:00 PM

China’s services sector growth slips to eight-month low

China’s services sector activity expanded at its slowest pace in eight months in October as new orders slowed and business confidence hit a 15-month low, a private survey showed on Tuesday.
5 November 2019, 18:00 PM

Xi pledges wider market access, free-trade deals

President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “knock down walls” as he opened an annual trade fair against the backdrop of the US tariffs war.
5 November 2019, 18:00 PM

India firms, farmers applaud Modi move to reject RCEP trade deal

Indian farmers and businesses Tuesday hailed Prime Minister Narendra Modi’s decision to opt out of a sprawling Asian trade pact, with the country’s largest dairy producer Amul thanking the premier for “supporting livelihoods”.
5 November 2019, 18:00 PM

Oil prices rise on positive economic data

Oil prices rose on Tuesday on positive economic data and hopes for a Washington-Beijing trade deal that will lead to a de-escalation in tensions between the world’s top economies.
5 November 2019, 18:00 PM

India’s October services activity contracts for second straight month

Activity in India’s dominant services industry contracted for a second consecutive month in October due to muted demand, a private business survey showed on Tuesday, driving business optimism to a near-three year low.
5 November 2019, 18:00 PM

China presses Trump for more tariff roll-backs in ‘phase one’ trade deal

China is pushing US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, people familiar with the negotiations said on Monday.
5 November 2019, 18:00 PM

Japan’s automakers race for super-small electric vehicles

As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible.
23 October 2019, 18:00 PM

India’s $8b plan to revive state telecom firms

India announced an almost $8 billion plan on Wednesday to help loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd catch up with private competitors, including a merger of the two companies.
23 October 2019, 18:00 PM

India’s $8b plan to revive state telecom firms

India announced an almost $8 billion plan on Wednesday to help loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd catch up with private competitors, including a merger of the two companies.
23 October 2019, 18:00 PM

China implementing new rules to make business easier: state planner

China will implement new regulations that aim to make it easier to do business from Jan. 1, 2020, China’s state planner said on Wednesday, amid increasing pressure on the world’s second largest economy.
23 October 2019, 18:00 PM

Baby Powder was safe 13 days before FDA bombshell: Johnson & Johnson CEO

Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
23 October 2019, 18:00 PM

French govt drops 2020 tourism target

The French government has abandoned its goal of welcoming 100 million foreign visitors in 2020, blaming the impacts of months of anti-government protests and Britain’s looming exit from the EU, the finance ministry said Tuesday.
23 October 2019, 18:00 PM

Risk of contagion in India’s financial sector rising: rating agencies

There is rising risk of contagion in India’s banking sector with many finance companies having lost more than half of their equity value in the past year, rating agency Standard & Poor’s said on Wednesday.
23 October 2019, 18:00 PM

Bangladesh close to digital revolution

Bangladesh is on the cusp of digital revolution as both public and private sectors are increasingly embracing informational communication technologies and solutions, said a leading businessman in the sector.
23 October 2019, 18:00 PM

Zuckerberg faces grilling on digital currency plans

Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.
23 October 2019, 18:00 PM