MONEY

‘NRB will introduce measures to reduce lending rates to 9 to 10pc’

The Nepal Rastra Bank (NRB), the central bank, has gradually started rolling out its Monetary Policy for 2017-18, with the commencement of the new fiscal year on July 16.

Post Report, Jul 24 2017

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China cashing out as mobile payment soars

Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.

Agence France-Presse, Jul 24 2017

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Smartphone maverick OnePlus 5 launched

OnePlus is looking to set the bar even higher in the highly competitive world of smartphones by releasing their latest flagship, the OnePlus 5.

Post Report, Jul 24 2017

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German carmakers face potential new scandal over antitrust issues

Germany’s high-end carmakers face a potentially destructive new scandal after European antitrust authorities said on Saturday that they were looking into allegations that Volkswagen, Daimler and BMW colluded illegally to hold down the prices of crucial technology, including emissions equipment.

JACK EWING, Jul 24 2017

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Three US airlines fined by govt

Three US airlines have agreed to each pay hundreds of thousands of dollars in fines to resolve government claims that they violated rules aimed at protecting consumers.

Associated Press, Jul 24 2017

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US Congress urged to reject budget plan

Eight major veterans’ organisations on Saturday urged Congress to provide emergency money to the Department of Veterans Affairs without cutting other VA programmes as the House moved quickly to address a budget shortfall that threatened medical care for thousands of patients.

Associated Press, Jul 24 2017

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CNG cars could replace diesel: Report

Carmaker Seat sees compressed-natural-gas (CNG) as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday.

Reuters, Jul 24 2017

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No-show inflation poses conundrum for US Fed

After tightening monetary policy last month for the second time this year, the US central bank is expected to pause for the next few months to monitor developments.

Agence France-Presse, Jul 24 2017

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Hydro companies, banks to issue over 56 million shares

Seven hydropower companies and four financial institutions are in the process of issuing primary shares, the Securities Board of Nepal (Sebon) said.

Post Report, Jul 24 2017

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Power imports may be hit by project delays

The Nepal Electricity Authority’s (NEA) plan to increase energy imports during the dry season may be hit due to delays in the construction of a substation at Dhalkebar by Central Power Grid International Economic and Trade Corporation.

BIBEK SUBEDI, Jul 24 2017

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Chinese contractor at risk of termination

As the Gautam Buddha Airport project in Bhairahawa has slowed to a crawl, the project has hired international contract management experts to analyse risk of terminating contract with the non-performing contractor.

Post Report, Jul 24 2017

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