Reuters . Hong Kong/Shanghai | Updated at 12:35am on October 25, 2018
News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing’s growing curbs on overseas investments and outflows....
Reuters . London | Updated at 12:23am on October 25, 2018
Euro zone business growth slowed much faster than expected this month, dragged down by waning orders that put a big dent in confidence, adding to evidence the bloc’s halcyon days are behind it for now, a survey showed....
Reuters . London | Updated at 03:54am on October 24, 2018
An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure....
Business Desk | Updated at 03:52am on October 24, 2018
Sheikh Kabir Hossain and Shahidul Islam Niru
Reuters . Riyadh | Updated at 03:47am on October 24, 2018
Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives....
Reuters . Hong Kong | Updated at 03:46am on October 24, 2018
Dealmaking by private equity firms in Asia has surged this year, data showed, underscoring their rising presence in the region’s otherwise stolid, tycoon-dominated M&A scene, backed by an unmatched warchest....
Reuters . Riyadh | Updated at 03:39am on October 24, 2018
Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, prime minister Imran Khan said on Tuesday....
Staff Correspondent | Updated at 03:38am on October 24, 2018
Dhaka stocks ended flat on Tuesday after a steep fall in the previous two sessions as investors, encouraged by a regulatory intervention to check the plunge, went for bargain hunting, market operators said....
Staff Correspondent | Updated at 03:36am on October 24, 2018
The net profit of leading mobile phone operator Grameenphone increased sharply by 27.63 per cent in July-September of 2018 compared with that in the same quarter of last year due to a cut in VAT rate on internet and introduction of uniform call rate by the government....
Staff Correspondent | Updated at 03:31am on October 24, 2018
Palli Sanchay Bank has sought additional fund from the ministry of finance to increase its paid up capital to Tk 600 crore....