MONEY

Dockless bike-share hits US capital

Dockless bike-sharing, a trend which has taken China by storm, arrived in the US capital Wednesday with the launch of new services aimed at promoting two-wheeled travel without the hassle of a docking station.

Agence France-Presse, Sep 22 2017

full story »

Market inspections to continue during Dashain holidays

The Department of Supply Management will continue its market inspections in the Kathmandu Valley over the Dashain holidays too as wrongdoing has spread due to weak monitoring, it said.

Post Report, Sep 22 2017

full story »

Africa to get state-of-art HIV drugs for $75 a year

Makers of generic AIDS drugs will start churning out millions of pills for Africa containing a state-of-the-art medicine widely used in rich countries, after securing a multi-million dollar guarantee that caps prices at just $75 per patient a year.

Reuters, Sep 22 2017

full story »

Dashain hustle and bustle

The country celebrated “Ghatasthapana”, the first day of the fortnight-long Dashain festival on Thursday.

Post Report, Sep 22 2017

full story »

Google buys HTC’s Pixel team in $1.1 billion bet on devices

Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services.

Associated Press, Sep 22 2017

full story »

Standard & Poor’s cuts China credit rating

The Standard & Poor’s rating agency cut China’s credit rating on Thursday due to its rising debts, highlighting challenges faced by Communist leaders as they cope with slowing economic growth.

Associated Press, Sep 22 2017

full story »

Bank of Japan pushes on with stimulus as Fed eyes rate hike

Japan’s central bank pressed ahead with its ultra-loose monetary policy on Thursday on the back of an improving economy, as its overseas counterparts start turning off the stimulus taps.

Agence France-Presse, Sep 22 2017

full story »

Gold slips to near four-week low

Gold fell to its lowest in nearly four weeks on Thursday as the Federal Reserve signalled it was on track to raise US interest rates again in December, driving the dollar to two-month highs versus the yen.

Reuters, Sep 22 2017

full story »

Fed keeps interest rates unchanged

The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday and announced the end of a crisis-era stimulus programme in a sign the economy is on sound footing and the central bank is ready to get back to business as usual.

Agence France-Presse, Sep 22 2017

full story »

NRB circulates Rs11b in small demoniations

Nepal Rastra Bank (NRB), the central monetary authority of the country, has circulated new bank notes in small demnomiations worth Rs11 billion in a week.

Post Report, Sep 22 2017

full story »

Volvo rolls out compact SUV

Volvo Cars showed off its first compact SUV on Thursday with the launch of its XC40 model, the latest in a sweeping overhaul of the carmaker’s line-up under Chinese ownership.

Reuters, Sep 22 2017

full story »

NAC moves to bring two Chinese aircraft

Nepal Airlines Corporation (NAC) has begun work to bring the remaining two Chinese aircraft of the six on order as now it has pilots to fly them. A NAC technical team is scheduled to leave for China after the Dashain festival to inspect the planes.

Post Report, Sep 22 2017

full story »