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Netflix shares jump as subscribers grow ahead of Disney, Apple attack
Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and Apple prepare to ramp up the streaming video wars.
17 October 2019, 18:00 PM
US firms say near-term outlook dimming: Fed
Less than stellar US growth in recent weeks has caused many businesses to lower their outlooks and they now expect the economy to weaken, the Federal Reserve said Wednesday.
17 October 2019, 18:00 PM
Govt to build 200 paddy silos to ensure fair prices
The food ministry plans to set up 200 paddy silos for about Tk 6,000 crore in order to buy increased amounts of grains from growers with a view to protecting them from losses in case of good harvest, said a top official.
17 October 2019, 18:00 PM
Nine-month revenue up despite US pressure: Huawei
Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a quarter despite a US campaign to isolate the company globally.
16 October 2019, 18:00 PM
Europe Inc’s recession expected to deepen: forecast
Europe’s corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession.
16 October 2019, 18:00 PM
India won’t sacrifice economic strength amid US sanctions: minister
India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday.
16 October 2019, 18:00 PM
S Korea cuts interest rate again as Japan trade row rumbles
South Korea’s central bank on Wednesday cut its key interest rate to the lowest point in two years in an effort to prop up its slowing economy as it is hit by a trade spat with Japan.
16 October 2019, 18:00 PM
Two-thirds of economists see BOJ easing in October: poll
The Bank of Japan is laying the groundwork for deepening negative interest rates, analysts polled by Reuters said, with two-thirds of respondents expecting the central bank to loosen monetary policy this month.
16 October 2019, 18:00 PM
Apec expresses ‘moderate’ hope over US-China trade deal
APEC finance ministers expressed “moderate optimism” on Tuesday that the United States and China will end their trade war and sign an agreement during the forum’s summit in Santiago next month.
16 October 2019, 18:00 PM
Large US banks report mixed earnings
Large US banks reported mixed quarterly results on Tuesday, challenged by a shifting interest rate landscape and uncertainty about global trade but bolstered in some cases by strong consumer activity.
16 October 2019, 18:00 PM
Slowing Indian bank lending overshadows economic rebound hopes
Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as slowing domestic consumption weighs on demand.
16 October 2019, 18:00 PM
Euro zone inflation drops more than foreseen, trade surplus widens
Euro zone inflation dropped to its slowest pace in nearly three years in September, more than previously estimated, the European Union statistics agency said on Wednesday.
16 October 2019, 18:00 PM
Oil slips further below $59 on weaker economic outlook
Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in US crude inventories.
16 October 2019, 18:00 PM
China imports, exports down in September as growth cools
China’s imports and exports fell more than expected in September, official data showed Monday, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy.
14 October 2019, 18:00 PM
Pound resumes drop at start of key Brexit week
The British pound slid against the euro and dollar Monday, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.
14 October 2019, 18:00 PM
UK sets date for first post-Brexit budget
Britain’s government is planning a first post-Brexit budget for November 6, one week after it expects the country to have left the European Union, finance minister Sajid Javid announced Monday.
14 October 2019, 18:00 PM
Total to buy 37pc stake in Adani Gas
French energy giant Total SA said on Monday it will buy a 37.4 percent stake in Indian gas distribution company Adani Gas, as it looks to capitalize on India’s push for cleaner sources of energy.
14 October 2019, 18:00 PM
German security rulebook to keep 5G door open to Huawei
A new German security rulebook will not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country’s 5G mobile networks, a senior government source said on Monday.
14 October 2019, 18:00 PM
India’s retail inflation surges, rate cut hopes still high
India's retail inflation rose close to the central bank’s medium-term target of 4 percent in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
14 October 2019, 18:00 PM
Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders.
14 October 2019, 18:00 PM