MONEY

US defensive stock sectors set for boost

As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high.

REUTERS, Jul 15 2018

full story »

Monetary policy drags Nepse down

Nepal Stock Exchange (Nepse) shed 32.43 points to close at 1,191.98 points last week, as the Monetary Policy 2018-19 unveiled on Wednesday by the Nepal Rastra Bank shook investor confidence.

Post Report, Jul 15 2018

full story »

Lufthansa, Ryanair row over Laudamotion

Lufthansa plans to end an agreement to lease planes to Laudamotion, saying the Austrian holiday airline has failed to meet payments, leading to a dispute with its backer Ryanair.

REUTERS, Jul 15 2018

full story »

Authorities probe Opel over diesel vehicles

German automaker Opel reportedly faces questions over emissions from its diesel vehicles, an issue that’s already tarnished many of its competitors. Germany’s transport ministry confirmed a report by weekly Bild am Sonntag late Friday that authorities have asked the company to answer questions about the way the emissions cleaning system in three of its models works.

Jul 15 2018

full story »

US on pace to become world’s top oil producer

The US has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world’s biggest oil producer for the first time in more than four decades.The latest forecast from the US Energy Information Administration predicts that US output will grow next year to 11.8 million barrels a day.

ASSOCIATED PRESS, Jul 15 2018

full story »

Goat farming brings joy to farmers in Salyan

The farmers of Salyan are becoming economically independent via commercial goat farming as they are earning good income from the activity.

BIPLAV MAHARJAN, Jul 15 2018

full story »

Fed emphasizes ‘solid’ US economic growth, repeats gradual approach

The Federal Reserve on Friday pointed to “solid” US economic growth during the first half of the year in its semi-annual report to Congress, where it also reiterated that it expected to continue to raise interest rates gradually.

REUTERS, Jul 15 2018

full story »

Automakers urged to speed up faulty Takata air bag recalls

The US government’s road safety agency is urging automakers to speed up replacement of potentially dangerous Takata air bag inflators.The National Highway Traffic Safety Administration said in a statement Friday that Heidi King, it’s top official, has met with 19 affected companies urging them to accelerate the recalls and to post recall plans on their websites.

ASSOCIATED PRESS, Jul 15 2018

full story »

US banks see mixed profits, little trade war hit so far

Clients of giant US banks are increasingly nervous about growing trade tensions, but are not yet significantly curtailing business activity due to the uncertainty, banks said Friday after reporting mixed earnings.

AGENCE FRANCE-PRESSE, Jul 15 2018

full story »

Fitch slashes Turkish debt rating to ‘BB’

The ratings agency Fitch on Friday downgraded Turkish sovereign debt a notch to ‘BB’ with a negative outlook, citing inflation and widening current account deficit.

AGENCE FRANCE-PRESSE, Jul 15 2018

full story »

SKorea’s mininum wage hike disappoints business groups

South Korea’s business groups and the country’s umbrella labour union expressed disappointment after the government said on Saturday it would raise minimum wages by 10.9 percent for 2019.

REUTERS, Jul 15 2018

full story »

Aviation giants fly into Farnborough under Brexit cloud

Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence.

AGENCE FRANCE-PRESSE, Jul 15 2018

full story »

Tea farmers expect govt to fix floor price

Many tea producing farmers are expecting the government to fix the floor price of the Nepali tea as their products fetch low prices due to the cartel of traders. Tea farmers also face numerous hurdles such as lack of fertilisers, loans and more.

Post Report, Jul 15 2018

full story »

DoR waits on China to begin 2nd phase of road project

The Department of Road (DoR) is mulling to start the second phase of the Kathmandu Ring Road Improvement Project from October which includes upgradation of a 8.2-km stretch linking Kalanki with Maharajgunj.

Jul 15 2018

full story »