MONEY

Opec chatroom dead as Qatar crisis hurts Gulf oil cooperation

Opec’s most powerful internal alliance, bringing together the oil producer group’s Gulf members, is disintegrating fast.

Reuters, Nov 24 2017

full story »

US dollar struggles in Asia

The dollar struggled on Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes.

Agence France-Presse, Nov 24 2017

full story »

Singapore Q3 GDP growth quickest in almost 4-years

Singapore’s economy grew at its quickest pace in nearly four years in the third quarter, thanks to a boom in manufacturing that some analysts say will encourage tighter monetary policy next year.

Reuters, Nov 24 2017

full story »

Trump SoHo to shed ‘Trump’ as business slows

The Trump SoHo hotel is dropping the name it shares with the US president.

Associated Press, Nov 24 2017

full story »

US stores gear up ahead of Black Friday bonanza

The photo op with Santa Claus has long been a holiday mainstay for American children. But this year, shopping malls in several states are scheduling glamour shots for man’s best friend.

Agence France-Presse, Nov 24 2017

full story »

BPC, Chinese firms to launch 1,000 MW hydro projects in Nepal

Butwal Power Company Limited (BPC) has partnered with three major Chinese companies to develop hydropower projects in Nepal with an investment of up to $3 billion. The joint venture was launched in the Capital on Wednesday.

Post Report, Nov 24 2017

full story »

NB Insurance rebrands itself as IME General Insurance

NB Insurance Company has rebranded itself as IME General Insurance Limited. Established as a non-life insurance company 20 years ago, the crisis-ridden company was taken over by IME Group in January 2015. The company resumed operation in June 2015 with new management.

Post Report, Nov 24 2017

full story »

Orange prices jump as hail hits output

The wholesale price of orange has leapt more than 65 percent following a sharp drop in output as a hailstorm wiped out the citrus crop in the eastern hills. The fruit is being sold for Rs120 per kg wholesale and Rs180 per kg retail, said traders.

PRADIP MAYANGBO, Nov 24 2017

full story »

India pares back planned funding for crucial public health scheme

India has approved a three-year budget for its flagship public health programme almost 20 percent lower than what the health ministry said was needed, according to sources and previously unreported government documents reviewed by Reuters.

Post Report, Nov 24 2017

full story »

ADB appoints new country director for Nepal

Mukhtor Khamudkhanov has been appointed as new Country Director for Nepal by the Asian Development Bank (ADB).

Post Report, Nov 24 2017

full story »

‘There’ll always be disparity, inequities’

The feeling of euphoria has heightened in Nepal as the country is on the cusp of making a transition from unitary to federal system of government.

Nov 24 2017

full story »

2nd package of airport project to start in Feb

The Civil Aviation Authority of Nepal (Caan) has planned to launch the second package of the Gautam Buddha Airport Project in Bhairahawa next February, considering the expected progress of the ongoing civil works by then.

Post Report, Nov 24 2017

full story »

Distribution of Poor ID cards starts in 5 districts

The Ministry of Cooperatives and Poverty Alleviation (MoCPA) has begun issuing Poor Identity Cards to people identified as living below the poverty line, but it has not decided what benefits will be provided to the holders.

Rajesh Khanal, Nov 24 2017

full story »