Bizline

British Airways-owner announces slight profit rise to $2.5 billion

IAG, which owns British Airways and Spanish carrier Iberia, said on Friday that full-year net profit gained only slightly, as restructuring costs offset benefits from the demise of smaller rivals.

AFP, Feb 24 2018

full story »

US blocks chip equipment maker Xcerra’s sale to Chinese state fund

US semiconductor testing company Xcerra Corp said on Thursday a US national security panel had blocked its $580-million sale to a Chinese state-backed semiconductor investment fund, the latest such deal to be thwarted.

Reuters, Feb 24 2018

full story »

UK taxpayer-owned RBS reports first profit in a decade

Taxpayer-owned Royal Bank of Scotland reported on Friday its first profit in a decade but warned that its 2018 results may be hit by a pending settlement with US officials.

- AP, Feb 24 2018

full story »

Sembcorp Industries to raise $380m from asset sales, plans India energy IPO

Singapore’s Sembcorp Industries said on Friday it expects to raise about $380 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.

Reuters, Feb 24 2018

full story »

German 2017 budget surplus smaller than thought

Germany’s federal statistics authority on Friday revised down its reckoning of the country’s government budget surplus in 2017, but the overshoot remained at record levels.

AFP, Feb 24 2018

full story »

Civil Bank to offer 10pc interest on new savings scheme

Civil bank Limited has introduced a new savings deposit scheme named ‘Sagarmatha Bachat Khata’ offering the highest interest rate of 10 percent per annum to the bank’s customers.

Post Report, Feb 23 2018

full story »

MetLife Insurance joins hand with hospital

MetLife Insurance has joined hand with Nepal Mediciti Hospital, targeting to expand the health insurance service to ensure health services at reasonable costs.

Post Report, Feb 23 2018

full story »

Johnnie Walker 18 Years now available in Nepal

Johnnie Walker, manufacturer of the popular scotch under the brand, has launched Johnnie Walker 18 Years, a blend of up to 18 different whiskies each chosen for their remarkable depth of flavour and character.

Post Report, Feb 23 2018

full story »

Nabil Bank launches C-ASBA system

Nabil bank has introduced Centralised Applications Supported by Blocked Amount (C—ASBA) system, which enables the bank’s customers to apply shares via online in a faster, easier and simpler method.

Post Report, Feb 23 2018

full story »

Winners of Hero’s scheme announced

Nepal General Marketing, authorised distributor of Hero Motorbike, has announced the winners of its scheme entitled ‘Nishulka Lucky Draw ma Sabhagi Hunuhos’ for the month of mid January-mid February.

Post Report, Feb 23 2018

full story »

Turkish Airlines sign MoU with Tranquility Spa

Turkish Airlines has signed a one year memorandum of understanding with Tranquility Spa. With the collaboration, Tranquility Spa’s staff member and customers will be privileged with discounts on Turkish airlines.

Post Report, Feb 23 2018

full story »

25th Tata Motors service centre opens in Bagdole, Lalitpur

Sipradi Trading, the authorised distributor of Tata Motors, has opened its 25th service centre at Bagdole, Lalitpur.

Post Report, Feb 23 2018

full story »

NIC Asia to issue right shares on behalf of firm

NIC Asia Capital Limited has signed an agreement with Swadeshi Laghubitta Bittiya Sanstha Limited to issue its 1,150,000 units of right shares in the ratio 1:1 to its existing shareholders.

Post Report, Feb 23 2018

full story »

Kumari Bank inks deal with Nepal Mediciti Hospital

Kumari Bank Limited and Nepal Mediciti Hospital have signed an agreement to provide quality medical services at reasonable cost throughout the country.

Post Report, Feb 23 2018

full story »

Coca-Cola kicks off FIFA World Cup 2018 campaign

Coca-Cola has launched its promotional campaign entitled ‘Coke khaam, Russia Jaam’, a scheme that will offer 40 lucky consumers of the beverage an all-expenses paid trip of Russia to watch live matches during the FIFA World Cup 2018.

Post Report, Feb 21 2018

full story »