New Age

MNP service rolls out from midnight

Staff Correspondent | Updated at 12:00am on September 30, 2018

Long-awaited mobile number portability service is set to roll out at 12:00am on Monday as per a decision of Bangladesh Telecommunication Regulatory Commission....
Global M&A volume drops in Q3 as trade tensions loom

Reuters . New York/London | Updated at 12:00am on September 30, 2018

Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 per cent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals....
Saudi Arabia expects $11b inflows from JP Morgan bond index entry

Reuters . Dubai | Updated at 12:00am on September 30, 2018

Saudi Arabia said it expects inflows of around $11 billion into the country’s debt as a result of the inclusion of its international bond issues in JP Morgan’s emerging markets bond indexes....
Flying on one engine, global growth exposed to turbulence

Reuters . Paris | Updated at 12:00am on September 30, 2018

With growth in many European, Asian and emerging markets mostly uninspiring, the United States is increasingly the main motor behind the global economy...
China cenbank says will maintain ample liquidity as trade row threatens economy

Reuters . Beijing | Updated at 12:00am on September 30, 2018

China’s central bank pledged to maintain its ‘prudent and neutral’ monetary policy and to use multiple tools to keep liquidity ample, as the world’s second-biggest economy comes under increasing pressure from a heated trade dispute with the United States...
India’s debt-laden IL&FS seeks funding from lenders to fulfill credit dues

Reuters . Mumbai | Updated at 12:00am on September 30, 2018

India’s Infrastructure Financing and Leasing Services Ltd (IL&FS) said on Saturday it plans to seek funding from lenders to meet its credit obligations, as it scrambles to cut its debt pile following a series of defaults and credit downgrades in recent weeks....
US trade judge declines to block iPhone imports

Reuters | Updated at 12:00am on September 30, 2018

A US trade judge on Friday declined to block the importation of Apple Inc iPhones with chips from Intel Corp, handing a major defeat to Qualcomm Inc in its high-stakes legal dispute with the iPhone maker....
Tesla’s Musk may settle SEC lawsuit but ready for fight: sources

Reuters | Updated at 12:00am on September 30, 2018

Tesla Inc’s Elon Musk could settle with US regulators who have sued to remove him from the electric carmaker’s leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 per cent....
US consumer spending rises, monthly inflation moderates

Reuters . Washington | Updated at 12:00am on September 30, 2018

US consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 per cent target for a fourth straight month....
‘We’ll know in 48 hours’: Mexico sees new hope of trilateral NAFTA

Reuters . Washington/Mexico City | Updated at 12:00am on September 30, 2018

Mexico on Friday said the US Trump administration and Canada were making serious efforts to resolve trade policy differences after days of bickering, raising hopes of saving the North American Free Trade Agreement as a trilateral pact....