Category: Finance

WASHINGTON (AP): U.S employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. The unemployment rate for January fell sharply… Continue reading US employers add just 49K jobs as unemployment falls to 6.3 pc

(BBC): Amateur investors swept up in the trading frenzy surrounding US retailer GameStop “could lose everything”, the former stock broker who inspired the Wolf of Wall Street film has warned. Jordan Belfort, who was jailed for market manipulation in 1999, said such investments could be “great on the way up, but painful on the way… Continue reading GameStop: Real Wolf of Wall Street warns ‘you could lose it all’

Kathmandu: Experts and private sector representatives have expressed concern over the increased risk of investment flight due to political instability in the country. Speaking at an interaction organized by the Economic Journalists’ Society (SEJON) on private sector unity and next steps in economic issues, he said that political parties and the government had created political… Continue reading Political instability worries private sector

Kathmandu: The women’s microfinance financial institution is going to issue ordinary shares (IPO). The microfinance institution has also received approval from the Nepal Securities Board to issue an IPO to the public. According to the information given by the board, the organization has received approval to issue IPO on January 21. The organization will issue… Continue reading Nepal Securities Board approves for IPO of women’s microfinance company

Kathmandu: Nepal National One Door System has come into operation from today with the objective of completing all the paperwork of the customs without the physical presence of the service recipients. The plan, which was put forward as a concept in 2013, has been implemented after 9 years. At the same time, the customs department… Continue reading National one-door system to make custom services ‘paperless’

Kathmandu : A Memorandum of Understanding (MoU) has been signed between the Office of the Investment Board Nepal (IBN) and Rigen Energy Singapore JV for the establishment of a detailed feasibility study report for the establishment of a 250 MW capacity solar power project with a 40 MW capacity battery storage plant in Nepal. As… Continue reading MoU signed for 250 MW solar energy project

BEIJING (AP): The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. However, Biden looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports… Continue reading Under Biden, China faces renewed trade pressure

Kathmandu: The Ministry of Industry, Commerce and Supplies has issued its regulations as per the Safeguard, Anti-Dumping and Countervailing Act. As per the Act, the regulations have been brought by the Ministry of Industry, Commerce and Supplies and the government will impose additional duty on the import of goods that harm the indigenous industries. Domestic… Continue reading Govt issue Safeguards, Anti-Dumping Countervailing Regulations

Kathmandu: On Thursday, the last trading day of the year, a new record has been set in the share market. The Nepse index, which measures share turnover, reached a new high of 2,374.64. The Nepse index has risen by 31.87 points on Thursday. Although the Nepse index improved overall, banks and mutual fund subgroups did… Continue reading New record in the stock market