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Code Context
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			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
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			'title' => 'Nepal And The World News In Brief (10 - 16 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Newsweek Relaunches Print Edition</strong></span></div>
<div>
	Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan Decides Bitcoin is not a Currency</strong></span></div>
<div>
	Japanese Prime Minister Shinzo Abe&rsquo;s cabinet said on Friday that bitcoin, the world&rsquo;s most well-known form of virtual money, is not a currency, but would be taxable. Tokyo defined bitcoin as a product that is not handled by banks and securities houses. It also added that consumption tax would be levied on purchases of the virtual currency and income tax would be imposed on profits from its sale. The decision came a week after the collapse of the Tokyo-based Mt Gox, one of the largest exchanges for the virtual currency.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Chinese Solar Company in Landmark Default</strong></span></div>
<div>
	The Chinese Solar panel maker Shanghai Chaori Solar Energy Science &amp; Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm.It is the first Chinese firm ever to default on its onshore corporate bonds. On Tuesday, the firm warned it would be unable to make a 89.8 million yuan ($14.6m) interest payment on a one billion yuan bond issued in 2012.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurostar Passenger Figures Topped 10 mn</strong></span></div>
<div>
	British Cross-channel train operator Eurostar says it carried more than 10 million passengers last year for the first time, as the economic recovery lifted demand for business travel. Revenues from ticket sales rose 7 per cent to &pound;857m in 2013, while operating profit was up 4 per cent to &pound;54m. Passenger numbers hit 10.1 million - the first time Eurostar has broken the 10 million mark since it began in 1994.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Manufacturing Activity Picks Up</strong></span></div>
<div>
	US manufacturing activity expanded at a faster-than-expected rate in February. The Institute for Supply Management&rsquo;s (ISM) manufacturing index rose to 53.2 from 51.3 in January. A reading above 50 indicates expansion.&nbsp;</div>',
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			'created' => '2014-03-10',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.',
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			'id' => '2694',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (3 - 9 March 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Economic Growth Rate Revised Down</strong></span></div>
<div>
	The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Major Bitcoin Exchange Files for Bankruptcy</strong></span></div>
<div>
	After weeks of speculation over its financial health, the beleaguered &nbsp;Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal. Mt. Gox says it has &yen;6.5 billion ($63.9 million) in liabilities at present. Mt. Gox suspended Bitcoin withdrawals in early February, ultimately blaming a transaction bug that could have led to theft. The exchange went offline altogether on Monday amid reports that 744,000 bitcoins had been stolen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japanese on Spending Spree Ahead of Sales Tax Rise</strong></span></div>
<div>
	Japanese consumers are on a spending spree ahead of a sales tax hike, and companies are increasing production to meet increased demand. The country&rsquo;s retail sales grew 4.4% in January compared to a year ago, marking a sixth straight month of gains. Industrial production rose by 4% in January, marking the second straight monthly jump in factory activity. Most of the spending and production increase is due to a rush in purchases ahead of higher sales tax in April.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ukrainian currency hits 10-year low</strong></span></div>
<div>
	Ukraine&rsquo;s currency, the hryvnia, has fallen to a new low of 10 to the US dollar. The currency&rsquo;s decline reflects political upheavals and longer-term persistent economic weakness. But it is also likely to aggravate those underlying problems and adds to Ukraine&rsquo;s need for international financial assistance.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Govt Considers Visa Auctions for Millionaires</strong></span></div>
<div>
	Visas to settle down in Britain could be auctioned to some of the wealthiest bidders under new proposals being considered by the UK government. Under the proposal, overseas millionaires will be invited to bid for a limited proportion of investor or Tier 1 UK visas that allow holders and their families to live indefinitely in Britain.&nbsp;</div>',
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			'created' => '2014-03-03',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.',
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			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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			'created' => '2014-02-24',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
			'sortorder' => '2506',
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			'id' => '2553',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (7 - 16 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Market Cap of Global Exchanges Hits 10-Year High</strong></span></div>
<div>
	The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Morgan Stanley to pay out $1.25bn&nbsp;</strong></span></div>
<div>
	US banking giant Morgan Stanley has agreed to pay USD 1.25 bn to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two firms in 2008 in a bailout worth $187 bn during the financial crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Panasonic Posts Profit in First Nine Months</strong></span></div>
<div>
	Japanese electronics firm Panasonic Corp posted a net profit for the first nine months of the current fiscal year, the firm said on Tuesday, thanks in part to a weaker yen and restructuring efforts. The company said it had made a profit of &yen;243 billion ($ 2.4 billion) in the period April to December last year. The figure compares to a loss of &yen;623.8 billion for the corresponding period of the previous year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Investors Flee Emerging Market&nbsp;</strong></span></div>
<div>
	Investors yanked more than $6.3 billion from emerging market equity funds last week, the largest outflow on record in dollar terms. Boston-based fund tracker EPFR Global said the outflow was broad based and the biggest in three years as a percentage of assets under management. Institutional investors accounted for $5 billion of the redemptions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Debt Default by &lsquo;End of Month&rsquo;</strong></span></div>
<div>
	US Treasury Secretary Jack Lew has warned the US may default on its debt by the end of the month if Congress does not raise its borrowing limit. Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February. But he anticipated the treasury&rsquo;s reserves would quickly be exhausted as it issues annual income tax refunds. The $16.7 tn cap will be reinstated on Friday.</div>',
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			'created' => '2014-02-09',
			'modified' => '2014-02-09',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.',
			'sortorder' => '2395',
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			'id' => '2508',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (27 January - 02 February)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Draghi: Eurozone Pick-UP &lsquo;Dramatic&rsquo;</strong></span></div>
<div>
	<img alt="Mario Draghi" src="/userfiles/images/nw3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />The head of the European Central Bank, Mario Draghi, says there has been a &ldquo;dramatic improvement&rdquo; in the eurozone recovery over the past two years. Speaking at a forum in Davos on Saturday he said: &ldquo;Risks have decreased across the board both for core eurozone countries and the periphery&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Argentina Eases Currency Control</strong></span></div>
<div>
	<img alt="Argentina Eases Currency Control" src="/userfiles/images/nw4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country&rsquo;s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>IMF warns of deflation risk</strong></span></div>
<div>
	The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014. &ldquo;Risks to activity associated with very low inflation in advanced economies, especially the euro area, have come to the fore,&rdquo; the IMF said in an update to its World Economic Outlook.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>BOJ to Maintain Aggressive Monetary Easing</strong></span></div>
<div>
	The Bank of Japan said on Wednesday it had decided to maintain its aggressive monetary easing to stimulate the country&rsquo;s economy and combat chronic deflation. The bank also kept unchanged its overall economic assessment, saying &ldquo;Japan&rsquo;s economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed,&rdquo; the bank said after a two-day monetary policy meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China also Exports Pollution to Western US, Study Finds</strong></span></div>
<div>
	<img alt="China also Exports Pollution to Western US, Study Finds" src="/userfiles/images/nw5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Filthy emissions from China&rsquo;s export industries are carried across the Pacific Ocean and contribute to air pollution in the western United States, according to a paper published by a prominent US science journal. The research is the first to quantify how air pollution in the United States is affected by China&rsquo;s production of goods for export and by global consumer demand for those goods, the study&rsquo;s authors say.&nbsp;</div>',
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			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country’s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.',
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			'id' => '2456',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
	Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
	Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to &ldquo;evolving market trends.&rdquo; Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Time Warner Rejects Charter&rsquo;s $60bn bid as &lsquo; Grossly Inadequate&rsquo;</strong></span></div>
<div>
	Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was &ldquo;grossly inadequate&rdquo;. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner&rsquo;s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a &ldquo;bargain&rdquo; price.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
	British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since &lsquo;07</strong></span></div>
<div>
	U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That&rsquo;s 9.8 percent lower than November&rsquo;s pace of 1.12 million, which was the fastest in five years.&nbsp;</div>',
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			'created' => '2014-01-20',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
			'sortorder' => '2255',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2274',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (16 - 22 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Lower House Approves Budget Deal</strong></span></div>
<div>
	US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332&mdash;94.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Economy Set for Fastest Growth in 7 Years&nbsp;</strong></span></div>
<div>
	Britain&rsquo;s economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce said on Thursday. The business group forecast economic growth to rise to 2.7 percent in 2014, an upgrade from the forecasts of 2.2 percent it made as recently as August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Iran Oil Exports Rise as Sanctions Eased</strong></span></div>
<div>
	Iranian exports rose by about 10% in November, the International Energy Agency said in its monthly market report published Wednesday. The Paris-based agency also said it expected global oil demand to rise by 1.2 million barrels per day to 92.4 million next year. Iran&rsquo;s export lift follows an accord struck last month which relaxed some economic sanctions in exchange for assurances over the country&rsquo;s nuclear program.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Big Step&rsquo; Rescue Plan for Eurozone Banks&nbsp;</strong></span></div>
<div>
	The agreement reached in discussions about how to deal with bank bailouts for EU nations has been labelled a &ldquo;big step&rdquo; by a senior official. EU Commissioner Michel Barnier said the deal meant taxpayers were no longer on the &ldquo;front line&rdquo;. Under the new arrangements, each EU member state will build up a fund to help banks in trouble. The fund will be built up from bank contributions, with banks that take more risks paying more.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India&rsquo;s Forex Reserves Rise to a 7 Month High</strong></span></div>
<div>
	India&rsquo;s foreign exchange reserves have risen for five straight weeks to a seven-month high. &nbsp;Forex reserves jumped $4.408 billion in the week ended December 6 to $295.7 billion as banks continued to swap their dollar borrowings with RBI in favour of the rupee even after the deadline of November 30, by which incentives that encouraged this were to end.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-16',
			'modified' => '2013-12-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94.',
			'sortorder' => '2118',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2192',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>WTO Members Fail to Agree Free Trade Deal&nbsp;</strong></span></div>
<div>
	Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday. &ldquo;The reality is that we have proved that we can&rsquo;t cross the final yard here in Geneva. The process here is over,&rdquo; World Trade Organisation chief Roberto Azevedo told reporters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Ahead of US, China in Investment Destination&nbsp;</strong></span></div>
<div>
	India has spurted ahead of China and the US as the most attractive investment destination, a survey by global professional services firm Ernst &amp; Young (EY) says. EY&rsquo;s ninth bi-annual capital confidence barometer has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Moves to Cool Property Market</strong></span></div>
<div>
	The UK is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble. House prices have increased by about 7% in a year, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Black Friday Shopping Marred by Violence</strong></span></div>
<div>
	Several outbreaks of violence have marred the US Black Friday shopping frenzy, as bargain-hunters besieged malls across the US. In Chicago police shot an alleged shoplifter; a robber shot a shopper in Las Vegas; and a California police officer was injured in a fight. Black Friday, the day following the Thanksgiving holiday, is the biggest shopping day of the year in the US.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Switzerland: Best Country for Top Talent</strong></span></div>
<div>
	Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business school Insead. The new index rates 103 countries on 48 factors including education, government policy and quality of life. The US trailed in ninth place. First placed Switzerland excelled in all categories, and stood out for its long-standing commitment to high-quality education, according to the report. Singapore came second. The authors noted that the city-state was highly competitive because of a clear strategy to grow and attract the best and brightest employees.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday.',
			'sortorder' => '2035',
			'image' => null,
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	(int) 11 => array(
		'Article' => array(
			'id' => '2150',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (25 November - 01 December)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Fed Plans to Trim Stimulus Soon</strong></span></div>
<div>
	Federal Reserve officials said they plan to begin trimming the central bank&#39;s stimulus efforts in &quot;the coming months&quot;. In the meeting minutes, released on Wednesday, policy makers said they &quot;generally expected that the data would prove consistent with the Committee&#39;s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months&quot;. They believe that the US recovery is strengthening, according to minutes from their October meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global Economic growth Slowing: OECD</strong></span></div>
<div>
	Global growth for 2013 and 2014 has been downgraded &quot;significantly&quot; after weak prospects in emerging markets, says the Organisation for Economic Co-operation and Development. Global GDP this year is now expected to grow by 2.7%, down from 3.1% forecast in May. But it said global economic growth would speed up by 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>JP Morgan in Record $13bn Settlement&nbsp;</strong></span></div>
<div>
	US bank JP Morgan Chase has agreed to a record $13bn (&pound;8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gold Posts Biggest Weekly Loss in 2 Months&nbsp;</strong></span></div>
<div>
	Gold ended little changed on Friday but the metal posted its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of a slowdown in stimulus measures. Spot gold inched up 31 cents to close at $1,242.66 an ounce. The metal hit a fresh 4-1/2-month low of $1,236.29 in the previous session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Gezhouba Completes Hydro Project in Pakistan</strong></span></div>
<div>
	China Gezhouba Group Company recently completed the construction of &nbsp;N-J Hydro-Power Project successfully. Pakistan State Councilor Syed Ahemed appreciated CGGC for completing the project successfully, CGGC&rsquo;s representative in Nepal said in a press release issued on Sunday. &ldquo;CGGC have made great contribution to the N-J hydro power project, I hope the company will continue to work effectively in the days to complete the project successfully,&rdquo; the press release quoted Ahemed as stating during his visit to the project site recently.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US bank JP Morgan Chase has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.',
			'sortorder' => '1997',
			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '2098',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold Falls to 1 Month Low</strong></span></div>
<div>
	Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve&rsquo;s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France&rsquo;s Credit Rating Downgraded</strong></span></div>
<div>
	Ratings agency Standard and Poor&rsquo;s cut France&rsquo;s sovereign credit rating to AA from AA+ on Friday, citing lack of progress in government reforms of the country&rsquo;s economy. The agency revised the country&rsquo;s sovereign credit outlook up to stable from negative, however.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growth Pick Up in US Economy</strong></span></div>
<div>
	The US economy grew at an annual pace of 2.8% in the third quarter of the year, latest figures have shown.The growth rate was faster than expected, and was an improvement on the 2.5% pace seen in the previous quarter. Growth was lifted by rising exports, businesses restocking shelves and a pick-up in home construction.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Eases Rules for Foreign Banks</strong></span></div>
<div>
	India&rsquo;s central bank has unveiled new rules that will allow foreign banks to expand their presence in the country. Foreign banks will now be allowed to set up &ldquo;wholly owned subsidiaries&rdquo; in India, which will enable them to open branches anywhere in the country. The subsidiaries will need a minimum capital of 5bn rupees ($80m). The changes are a part of the push by the central bank&rsquo;s new governor, Raghuram Rajan, to liberalise the sector as he looks to boost growth.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Financial Crisis Hits Happiness Levels</strong></span></div>
<div>
	Countries worst hit by the global financial crisis saw their happiness levels fall as a result, a survey has suggested. According to the Organisation for Economic Co-operation and Development (OECD), levels of &ldquo;life satisfaction&rdquo; fell sharply between 2007 and 2012 in countries like Greece and Spain. Trust in governments also deteriorated over that time. The OECD said the findings showed the far-reaching impact of the crisis.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve’s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.',
			'sortorder' => '1943',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2025',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 28 October - 3 November)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>UK GDP Growth Fastest For 3 Years</strong></span></div>
<div>
	UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a &ldquo;fairly strong&rdquo; performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: &ldquo;This shows that Britain&rsquo;s hard work is paying off &amp; the country is on the path to prosperity.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU Lawmakers Avert Payment Crisis</strong></span></div>
<div>
	The European Parliament approved an additional &euro; 2.7 billion ($3.7 billion) injection into the European Union&rsquo;s 2013 budget on Thursday, thus preventing the bloc from running out of money in the coming weeks. Most EU money flows back into the bloc&rsquo;s 28 countries, for instance as agricultural subsidies or support for poorer regions. The European Commission, the bloc&rsquo;s executive, had warned that it would no longer be able to make payments from November if member states did not provide the extra funding.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global M&amp;A Deal Volume Hits $2.3 tn&nbsp;</strong></span></div>
<div>
	Global merger and acquisition (M&amp;A) deal volume reached $ 2.3 trillion so far this year, registering an increase of 9 per cent from last year levels, Dealogic said in a report. According to the global deal tracking firm, global M&amp;A volume has reached $ 2.30 trillion in 2013 year-to-date, up 9 per cent from the $ 2.10 trillion in the corresponding period last year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nobel Economist Klein Dies at 93</strong></span></div>
<div>
	Nobel Prize-winning economist Lawrence Klein, whose statistical models have been used to analyse and predict global economic trends, has died aged 93. Mr Klein, who died at his home near Philadelphia on 20th October Sunday, was widely regarded as the founder of modern economic forecasting. He famously predicted America&rsquo;s post World War II boom, which at the time, countered theories of a new recession. This was achieved through computer-based models known as &lsquo;econometrics&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Australia to Raise Debt Limit by Two-Thirds&nbsp;</strong></span></div>
<div>
	The Australian government has said it plans to raise the country&rsquo;s debt limit by two-thirds to allay concerns it could face a future fiscal crisis. The newly-elected conservative government is looking to raise the borrowing limit to A$500bn. Australia is forecast to reach its current A$300bn ceiling in December.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'K economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a “fairly strong” performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”',
			'sortorder' => '1872',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1978',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (21 -27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Canada and EU Agree Free-Trade Deal</strong></span></div>
<div>
	Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr. Martens Up for Sale</strong></span></div>
<div>
	Britain&rsquo;s iconic Dr. Martens boots look set to find a new home, ending more than 50 years of family ownership. Sources familiar with the situation say the Griggs family is in talks to sell its 91.5% stake in the company to private equity firm Permira for &pound;300 million ($486 million). Dr. Martens leather, lace up boots have been a signal of youth rebellion since they were first produced in 1960. Waves of subcultures -- from skinheads to punks and gothic followers -- have embraced the footwear.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Economic Growth Speeds Up&nbsp;</strong></span></div>
<div>
	China&rsquo;s economy powered ahead in the third quarter, taking some pressure off the country&rsquo;s leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Shutdown encouraged foes, depressed friends&rsquo;</strong></span></div>
<div>
	US President Barack Obama has warned that America&rsquo;s recent bout of political dysfunction had encouraged its enemies and dismayed its friends, and said the crisis left &ldquo;no winners&rdquo; in Washington. &ldquo;Let&rsquo;s be clear. There are no winners here,&rdquo; Obama &nbsp;said. He spoke less than 11 hours after signing legislation that ended a 16-day government shutdown and a showdown over raising his government&rsquo;s borrowing authority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Lowers India&rsquo;s GDP Growth&nbsp;</strong></span></div>
<div>
	The World Bank has revised downwards India&rsquo;s economic growth forecast for the current fiscal to 4.7 per cent. This is against the 6.1 per cent growth projected in April. India&rsquo;s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released on Wednesday.&nbsp;</div>',
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			'description' => 'Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.',
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			'id' => '2817',
			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
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			'id' => '2737',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (10 - 16 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Newsweek Relaunches Print Edition</strong></span></div>
<div>
	Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan Decides Bitcoin is not a Currency</strong></span></div>
<div>
	Japanese Prime Minister Shinzo Abe&rsquo;s cabinet said on Friday that bitcoin, the world&rsquo;s most well-known form of virtual money, is not a currency, but would be taxable. Tokyo defined bitcoin as a product that is not handled by banks and securities houses. It also added that consumption tax would be levied on purchases of the virtual currency and income tax would be imposed on profits from its sale. The decision came a week after the collapse of the Tokyo-based Mt Gox, one of the largest exchanges for the virtual currency.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Chinese Solar Company in Landmark Default</strong></span></div>
<div>
	The Chinese Solar panel maker Shanghai Chaori Solar Energy Science &amp; Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm.It is the first Chinese firm ever to default on its onshore corporate bonds. On Tuesday, the firm warned it would be unable to make a 89.8 million yuan ($14.6m) interest payment on a one billion yuan bond issued in 2012.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurostar Passenger Figures Topped 10 mn</strong></span></div>
<div>
	British Cross-channel train operator Eurostar says it carried more than 10 million passengers last year for the first time, as the economic recovery lifted demand for business travel. Revenues from ticket sales rose 7 per cent to &pound;857m in 2013, while operating profit was up 4 per cent to &pound;54m. Passenger numbers hit 10.1 million - the first time Eurostar has broken the 10 million mark since it began in 1994.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Manufacturing Activity Picks Up</strong></span></div>
<div>
	US manufacturing activity expanded at a faster-than-expected rate in February. The Institute for Supply Management&rsquo;s (ISM) manufacturing index rose to 53.2 from 51.3 in January. A reading above 50 indicates expansion.&nbsp;</div>',
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			'created' => '2014-03-10',
			'modified' => '2014-03-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.',
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			'id' => '2694',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (3 - 9 March 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Economic Growth Rate Revised Down</strong></span></div>
<div>
	The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Major Bitcoin Exchange Files for Bankruptcy</strong></span></div>
<div>
	After weeks of speculation over its financial health, the beleaguered &nbsp;Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal. Mt. Gox says it has &yen;6.5 billion ($63.9 million) in liabilities at present. Mt. Gox suspended Bitcoin withdrawals in early February, ultimately blaming a transaction bug that could have led to theft. The exchange went offline altogether on Monday amid reports that 744,000 bitcoins had been stolen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japanese on Spending Spree Ahead of Sales Tax Rise</strong></span></div>
<div>
	Japanese consumers are on a spending spree ahead of a sales tax hike, and companies are increasing production to meet increased demand. The country&rsquo;s retail sales grew 4.4% in January compared to a year ago, marking a sixth straight month of gains. Industrial production rose by 4% in January, marking the second straight monthly jump in factory activity. Most of the spending and production increase is due to a rush in purchases ahead of higher sales tax in April.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ukrainian currency hits 10-year low</strong></span></div>
<div>
	Ukraine&rsquo;s currency, the hryvnia, has fallen to a new low of 10 to the US dollar. The currency&rsquo;s decline reflects political upheavals and longer-term persistent economic weakness. But it is also likely to aggravate those underlying problems and adds to Ukraine&rsquo;s need for international financial assistance.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Govt Considers Visa Auctions for Millionaires</strong></span></div>
<div>
	Visas to settle down in Britain could be auctioned to some of the wealthiest bidders under new proposals being considered by the UK government. Under the proposal, overseas millionaires will be invited to bid for a limited proportion of investor or Tier 1 UK visas that allow holders and their families to live indefinitely in Britain.&nbsp;</div>',
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			'created' => '2014-03-03',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.',
			'sortorder' => '2534',
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		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
			'sortorder' => '2506',
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		'Article' => array(
			'id' => '2553',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (7 - 16 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Market Cap of Global Exchanges Hits 10-Year High</strong></span></div>
<div>
	The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Morgan Stanley to pay out $1.25bn&nbsp;</strong></span></div>
<div>
	US banking giant Morgan Stanley has agreed to pay USD 1.25 bn to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two firms in 2008 in a bailout worth $187 bn during the financial crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Panasonic Posts Profit in First Nine Months</strong></span></div>
<div>
	Japanese electronics firm Panasonic Corp posted a net profit for the first nine months of the current fiscal year, the firm said on Tuesday, thanks in part to a weaker yen and restructuring efforts. The company said it had made a profit of &yen;243 billion ($ 2.4 billion) in the period April to December last year. The figure compares to a loss of &yen;623.8 billion for the corresponding period of the previous year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Investors Flee Emerging Market&nbsp;</strong></span></div>
<div>
	Investors yanked more than $6.3 billion from emerging market equity funds last week, the largest outflow on record in dollar terms. Boston-based fund tracker EPFR Global said the outflow was broad based and the biggest in three years as a percentage of assets under management. Institutional investors accounted for $5 billion of the redemptions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Debt Default by &lsquo;End of Month&rsquo;</strong></span></div>
<div>
	US Treasury Secretary Jack Lew has warned the US may default on its debt by the end of the month if Congress does not raise its borrowing limit. Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February. But he anticipated the treasury&rsquo;s reserves would quickly be exhausted as it issues annual income tax refunds. The $16.7 tn cap will be reinstated on Friday.</div>',
			'published' => true,
			'created' => '2014-02-09',
			'modified' => '2014-02-09',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.',
			'sortorder' => '2395',
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			'id' => '2508',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (27 January - 02 February)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Draghi: Eurozone Pick-UP &lsquo;Dramatic&rsquo;</strong></span></div>
<div>
	<img alt="Mario Draghi" src="/userfiles/images/nw3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />The head of the European Central Bank, Mario Draghi, says there has been a &ldquo;dramatic improvement&rdquo; in the eurozone recovery over the past two years. Speaking at a forum in Davos on Saturday he said: &ldquo;Risks have decreased across the board both for core eurozone countries and the periphery&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Argentina Eases Currency Control</strong></span></div>
<div>
	<img alt="Argentina Eases Currency Control" src="/userfiles/images/nw4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country&rsquo;s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>IMF warns of deflation risk</strong></span></div>
<div>
	The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014. &ldquo;Risks to activity associated with very low inflation in advanced economies, especially the euro area, have come to the fore,&rdquo; the IMF said in an update to its World Economic Outlook.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>BOJ to Maintain Aggressive Monetary Easing</strong></span></div>
<div>
	The Bank of Japan said on Wednesday it had decided to maintain its aggressive monetary easing to stimulate the country&rsquo;s economy and combat chronic deflation. The bank also kept unchanged its overall economic assessment, saying &ldquo;Japan&rsquo;s economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed,&rdquo; the bank said after a two-day monetary policy meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China also Exports Pollution to Western US, Study Finds</strong></span></div>
<div>
	<img alt="China also Exports Pollution to Western US, Study Finds" src="/userfiles/images/nw5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Filthy emissions from China&rsquo;s export industries are carried across the Pacific Ocean and contribute to air pollution in the western United States, according to a paper published by a prominent US science journal. The research is the first to quantify how air pollution in the United States is affected by China&rsquo;s production of goods for export and by global consumer demand for those goods, the study&rsquo;s authors say.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country’s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2456',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
	Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
	Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to &ldquo;evolving market trends.&rdquo; Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Time Warner Rejects Charter&rsquo;s $60bn bid as &lsquo; Grossly Inadequate&rsquo;</strong></span></div>
<div>
	Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was &ldquo;grossly inadequate&rdquo;. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner&rsquo;s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a &ldquo;bargain&rdquo; price.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
	British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since &lsquo;07</strong></span></div>
<div>
	U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That&rsquo;s 9.8 percent lower than November&rsquo;s pace of 1.12 million, which was the fastest in five years.&nbsp;</div>',
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			'created' => '2014-01-20',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.',
			'sortorder' => '2298',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
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			'created' => '2014-01-06',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
			'sortorder' => '2255',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2274',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (16 - 22 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Lower House Approves Budget Deal</strong></span></div>
<div>
	US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332&mdash;94.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Economy Set for Fastest Growth in 7 Years&nbsp;</strong></span></div>
<div>
	Britain&rsquo;s economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce said on Thursday. The business group forecast economic growth to rise to 2.7 percent in 2014, an upgrade from the forecasts of 2.2 percent it made as recently as August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Iran Oil Exports Rise as Sanctions Eased</strong></span></div>
<div>
	Iranian exports rose by about 10% in November, the International Energy Agency said in its monthly market report published Wednesday. The Paris-based agency also said it expected global oil demand to rise by 1.2 million barrels per day to 92.4 million next year. Iran&rsquo;s export lift follows an accord struck last month which relaxed some economic sanctions in exchange for assurances over the country&rsquo;s nuclear program.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Big Step&rsquo; Rescue Plan for Eurozone Banks&nbsp;</strong></span></div>
<div>
	The agreement reached in discussions about how to deal with bank bailouts for EU nations has been labelled a &ldquo;big step&rdquo; by a senior official. EU Commissioner Michel Barnier said the deal meant taxpayers were no longer on the &ldquo;front line&rdquo;. Under the new arrangements, each EU member state will build up a fund to help banks in trouble. The fund will be built up from bank contributions, with banks that take more risks paying more.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India&rsquo;s Forex Reserves Rise to a 7 Month High</strong></span></div>
<div>
	India&rsquo;s foreign exchange reserves have risen for five straight weeks to a seven-month high. &nbsp;Forex reserves jumped $4.408 billion in the week ended December 6 to $295.7 billion as banks continued to swap their dollar borrowings with RBI in favour of the rupee even after the deadline of November 30, by which incentives that encouraged this were to end.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-16',
			'modified' => '2013-12-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94.',
			'sortorder' => '2118',
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		'Article' => array(
			'id' => '2192',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>WTO Members Fail to Agree Free Trade Deal&nbsp;</strong></span></div>
<div>
	Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday. &ldquo;The reality is that we have proved that we can&rsquo;t cross the final yard here in Geneva. The process here is over,&rdquo; World Trade Organisation chief Roberto Azevedo told reporters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Ahead of US, China in Investment Destination&nbsp;</strong></span></div>
<div>
	India has spurted ahead of China and the US as the most attractive investment destination, a survey by global professional services firm Ernst &amp; Young (EY) says. EY&rsquo;s ninth bi-annual capital confidence barometer has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Moves to Cool Property Market</strong></span></div>
<div>
	The UK is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble. House prices have increased by about 7% in a year, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Black Friday Shopping Marred by Violence</strong></span></div>
<div>
	Several outbreaks of violence have marred the US Black Friday shopping frenzy, as bargain-hunters besieged malls across the US. In Chicago police shot an alleged shoplifter; a robber shot a shopper in Las Vegas; and a California police officer was injured in a fight. Black Friday, the day following the Thanksgiving holiday, is the biggest shopping day of the year in the US.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Switzerland: Best Country for Top Talent</strong></span></div>
<div>
	Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business school Insead. The new index rates 103 countries on 48 factors including education, government policy and quality of life. The US trailed in ninth place. First placed Switzerland excelled in all categories, and stood out for its long-standing commitment to high-quality education, according to the report. Singapore came second. The authors noted that the city-state was highly competitive because of a clear strategy to grow and attract the best and brightest employees.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday.',
			'sortorder' => '2035',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2150',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (25 November - 01 December)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Fed Plans to Trim Stimulus Soon</strong></span></div>
<div>
	Federal Reserve officials said they plan to begin trimming the central bank&#39;s stimulus efforts in &quot;the coming months&quot;. In the meeting minutes, released on Wednesday, policy makers said they &quot;generally expected that the data would prove consistent with the Committee&#39;s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months&quot;. They believe that the US recovery is strengthening, according to minutes from their October meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global Economic growth Slowing: OECD</strong></span></div>
<div>
	Global growth for 2013 and 2014 has been downgraded &quot;significantly&quot; after weak prospects in emerging markets, says the Organisation for Economic Co-operation and Development. Global GDP this year is now expected to grow by 2.7%, down from 3.1% forecast in May. But it said global economic growth would speed up by 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>JP Morgan in Record $13bn Settlement&nbsp;</strong></span></div>
<div>
	US bank JP Morgan Chase has agreed to a record $13bn (&pound;8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gold Posts Biggest Weekly Loss in 2 Months&nbsp;</strong></span></div>
<div>
	Gold ended little changed on Friday but the metal posted its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of a slowdown in stimulus measures. Spot gold inched up 31 cents to close at $1,242.66 an ounce. The metal hit a fresh 4-1/2-month low of $1,236.29 in the previous session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Gezhouba Completes Hydro Project in Pakistan</strong></span></div>
<div>
	China Gezhouba Group Company recently completed the construction of &nbsp;N-J Hydro-Power Project successfully. Pakistan State Councilor Syed Ahemed appreciated CGGC for completing the project successfully, CGGC&rsquo;s representative in Nepal said in a press release issued on Sunday. &ldquo;CGGC have made great contribution to the N-J hydro power project, I hope the company will continue to work effectively in the days to complete the project successfully,&rdquo; the press release quoted Ahemed as stating during his visit to the project site recently.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US bank JP Morgan Chase has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.',
			'sortorder' => '1997',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2098',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold Falls to 1 Month Low</strong></span></div>
<div>
	Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve&rsquo;s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France&rsquo;s Credit Rating Downgraded</strong></span></div>
<div>
	Ratings agency Standard and Poor&rsquo;s cut France&rsquo;s sovereign credit rating to AA from AA+ on Friday, citing lack of progress in government reforms of the country&rsquo;s economy. The agency revised the country&rsquo;s sovereign credit outlook up to stable from negative, however.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growth Pick Up in US Economy</strong></span></div>
<div>
	The US economy grew at an annual pace of 2.8% in the third quarter of the year, latest figures have shown.The growth rate was faster than expected, and was an improvement on the 2.5% pace seen in the previous quarter. Growth was lifted by rising exports, businesses restocking shelves and a pick-up in home construction.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Eases Rules for Foreign Banks</strong></span></div>
<div>
	India&rsquo;s central bank has unveiled new rules that will allow foreign banks to expand their presence in the country. Foreign banks will now be allowed to set up &ldquo;wholly owned subsidiaries&rdquo; in India, which will enable them to open branches anywhere in the country. The subsidiaries will need a minimum capital of 5bn rupees ($80m). The changes are a part of the push by the central bank&rsquo;s new governor, Raghuram Rajan, to liberalise the sector as he looks to boost growth.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Financial Crisis Hits Happiness Levels</strong></span></div>
<div>
	Countries worst hit by the global financial crisis saw their happiness levels fall as a result, a survey has suggested. According to the Organisation for Economic Co-operation and Development (OECD), levels of &ldquo;life satisfaction&rdquo; fell sharply between 2007 and 2012 in countries like Greece and Spain. Trust in governments also deteriorated over that time. The OECD said the findings showed the far-reaching impact of the crisis.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve’s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.',
			'sortorder' => '1943',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2025',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 28 October - 3 November)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>UK GDP Growth Fastest For 3 Years</strong></span></div>
<div>
	UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a &ldquo;fairly strong&rdquo; performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: &ldquo;This shows that Britain&rsquo;s hard work is paying off &amp; the country is on the path to prosperity.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU Lawmakers Avert Payment Crisis</strong></span></div>
<div>
	The European Parliament approved an additional &euro; 2.7 billion ($3.7 billion) injection into the European Union&rsquo;s 2013 budget on Thursday, thus preventing the bloc from running out of money in the coming weeks. Most EU money flows back into the bloc&rsquo;s 28 countries, for instance as agricultural subsidies or support for poorer regions. The European Commission, the bloc&rsquo;s executive, had warned that it would no longer be able to make payments from November if member states did not provide the extra funding.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global M&amp;A Deal Volume Hits $2.3 tn&nbsp;</strong></span></div>
<div>
	Global merger and acquisition (M&amp;A) deal volume reached $ 2.3 trillion so far this year, registering an increase of 9 per cent from last year levels, Dealogic said in a report. According to the global deal tracking firm, global M&amp;A volume has reached $ 2.30 trillion in 2013 year-to-date, up 9 per cent from the $ 2.10 trillion in the corresponding period last year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nobel Economist Klein Dies at 93</strong></span></div>
<div>
	Nobel Prize-winning economist Lawrence Klein, whose statistical models have been used to analyse and predict global economic trends, has died aged 93. Mr Klein, who died at his home near Philadelphia on 20th October Sunday, was widely regarded as the founder of modern economic forecasting. He famously predicted America&rsquo;s post World War II boom, which at the time, countered theories of a new recession. This was achieved through computer-based models known as &lsquo;econometrics&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Australia to Raise Debt Limit by Two-Thirds&nbsp;</strong></span></div>
<div>
	The Australian government has said it plans to raise the country&rsquo;s debt limit by two-thirds to allay concerns it could face a future fiscal crisis. The newly-elected conservative government is looking to raise the borrowing limit to A$500bn. Australia is forecast to reach its current A$300bn ceiling in December.</div>',
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			'description' => 'K economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a “fairly strong” performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”',
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			'title' => 'Nepal And The World News In Brief (21 -27 October 2013)',
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	<span style="font-size:14px;"><strong>Canada and EU Agree Free-Trade Deal</strong></span></div>
<div>
	Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr. Martens Up for Sale</strong></span></div>
<div>
	Britain&rsquo;s iconic Dr. Martens boots look set to find a new home, ending more than 50 years of family ownership. Sources familiar with the situation say the Griggs family is in talks to sell its 91.5% stake in the company to private equity firm Permira for &pound;300 million ($486 million). Dr. Martens leather, lace up boots have been a signal of youth rebellion since they were first produced in 1960. Waves of subcultures -- from skinheads to punks and gothic followers -- have embraced the footwear.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Economic Growth Speeds Up&nbsp;</strong></span></div>
<div>
	China&rsquo;s economy powered ahead in the third quarter, taking some pressure off the country&rsquo;s leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Shutdown encouraged foes, depressed friends&rsquo;</strong></span></div>
<div>
	US President Barack Obama has warned that America&rsquo;s recent bout of political dysfunction had encouraged its enemies and dismayed its friends, and said the crisis left &ldquo;no winners&rdquo; in Washington. &ldquo;Let&rsquo;s be clear. There are no winners here,&rdquo; Obama &nbsp;said. He spoke less than 11 hours after signing legislation that ended a 16-day government shutdown and a showdown over raising his government&rsquo;s borrowing authority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Lowers India&rsquo;s GDP Growth&nbsp;</strong></span></div>
<div>
	The World Bank has revised downwards India&rsquo;s economic growth forecast for the current fiscal to 4.7 per cent. This is against the 6.1 per cent growth projected in April. India&rsquo;s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released on Wednesday.&nbsp;</div>',
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			'title' => 'Sanima Opens 38th Branch',
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	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
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			'title' => 'Nepal And The World News In Brief (10 - 16 March 2014)',
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			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Newsweek Relaunches Print Edition</strong></span></div>
<div>
	Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan Decides Bitcoin is not a Currency</strong></span></div>
<div>
	Japanese Prime Minister Shinzo Abe&rsquo;s cabinet said on Friday that bitcoin, the world&rsquo;s most well-known form of virtual money, is not a currency, but would be taxable. Tokyo defined bitcoin as a product that is not handled by banks and securities houses. It also added that consumption tax would be levied on purchases of the virtual currency and income tax would be imposed on profits from its sale. The decision came a week after the collapse of the Tokyo-based Mt Gox, one of the largest exchanges for the virtual currency.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Chinese Solar Company in Landmark Default</strong></span></div>
<div>
	The Chinese Solar panel maker Shanghai Chaori Solar Energy Science &amp; Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm.It is the first Chinese firm ever to default on its onshore corporate bonds. On Tuesday, the firm warned it would be unable to make a 89.8 million yuan ($14.6m) interest payment on a one billion yuan bond issued in 2012.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurostar Passenger Figures Topped 10 mn</strong></span></div>
<div>
	British Cross-channel train operator Eurostar says it carried more than 10 million passengers last year for the first time, as the economic recovery lifted demand for business travel. Revenues from ticket sales rose 7 per cent to &pound;857m in 2013, while operating profit was up 4 per cent to &pound;54m. Passenger numbers hit 10.1 million - the first time Eurostar has broken the 10 million mark since it began in 1994.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Manufacturing Activity Picks Up</strong></span></div>
<div>
	US manufacturing activity expanded at a faster-than-expected rate in February. The Institute for Supply Management&rsquo;s (ISM) manufacturing index rose to 53.2 from 51.3 in January. A reading above 50 indicates expansion.&nbsp;</div>',
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			'description' => 'Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.',
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			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (3 - 9 March 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Economic Growth Rate Revised Down</strong></span></div>
<div>
	The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Major Bitcoin Exchange Files for Bankruptcy</strong></span></div>
<div>
	After weeks of speculation over its financial health, the beleaguered &nbsp;Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal. Mt. Gox says it has &yen;6.5 billion ($63.9 million) in liabilities at present. Mt. Gox suspended Bitcoin withdrawals in early February, ultimately blaming a transaction bug that could have led to theft. The exchange went offline altogether on Monday amid reports that 744,000 bitcoins had been stolen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japanese on Spending Spree Ahead of Sales Tax Rise</strong></span></div>
<div>
	Japanese consumers are on a spending spree ahead of a sales tax hike, and companies are increasing production to meet increased demand. The country&rsquo;s retail sales grew 4.4% in January compared to a year ago, marking a sixth straight month of gains. Industrial production rose by 4% in January, marking the second straight monthly jump in factory activity. Most of the spending and production increase is due to a rush in purchases ahead of higher sales tax in April.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ukrainian currency hits 10-year low</strong></span></div>
<div>
	Ukraine&rsquo;s currency, the hryvnia, has fallen to a new low of 10 to the US dollar. The currency&rsquo;s decline reflects political upheavals and longer-term persistent economic weakness. But it is also likely to aggravate those underlying problems and adds to Ukraine&rsquo;s need for international financial assistance.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Govt Considers Visa Auctions for Millionaires</strong></span></div>
<div>
	Visas to settle down in Britain could be auctioned to some of the wealthiest bidders under new proposals being considered by the UK government. Under the proposal, overseas millionaires will be invited to bid for a limited proportion of investor or Tier 1 UK visas that allow holders and their families to live indefinitely in Britain.&nbsp;</div>',
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			'created' => '2014-03-03',
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			'description' => 'The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.',
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			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
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			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (7 - 16 February 2014)',
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			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Market Cap of Global Exchanges Hits 10-Year High</strong></span></div>
<div>
	The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Morgan Stanley to pay out $1.25bn&nbsp;</strong></span></div>
<div>
	US banking giant Morgan Stanley has agreed to pay USD 1.25 bn to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two firms in 2008 in a bailout worth $187 bn during the financial crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Panasonic Posts Profit in First Nine Months</strong></span></div>
<div>
	Japanese electronics firm Panasonic Corp posted a net profit for the first nine months of the current fiscal year, the firm said on Tuesday, thanks in part to a weaker yen and restructuring efforts. The company said it had made a profit of &yen;243 billion ($ 2.4 billion) in the period April to December last year. The figure compares to a loss of &yen;623.8 billion for the corresponding period of the previous year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Investors Flee Emerging Market&nbsp;</strong></span></div>
<div>
	Investors yanked more than $6.3 billion from emerging market equity funds last week, the largest outflow on record in dollar terms. Boston-based fund tracker EPFR Global said the outflow was broad based and the biggest in three years as a percentage of assets under management. Institutional investors accounted for $5 billion of the redemptions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Debt Default by &lsquo;End of Month&rsquo;</strong></span></div>
<div>
	US Treasury Secretary Jack Lew has warned the US may default on its debt by the end of the month if Congress does not raise its borrowing limit. Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February. But he anticipated the treasury&rsquo;s reserves would quickly be exhausted as it issues annual income tax refunds. The $16.7 tn cap will be reinstated on Friday.</div>',
			'published' => true,
			'created' => '2014-02-09',
			'modified' => '2014-02-09',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.',
			'sortorder' => '2395',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2508',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (27 January - 02 February)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Draghi: Eurozone Pick-UP &lsquo;Dramatic&rsquo;</strong></span></div>
<div>
	<img alt="Mario Draghi" src="/userfiles/images/nw3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />The head of the European Central Bank, Mario Draghi, says there has been a &ldquo;dramatic improvement&rdquo; in the eurozone recovery over the past two years. Speaking at a forum in Davos on Saturday he said: &ldquo;Risks have decreased across the board both for core eurozone countries and the periphery&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Argentina Eases Currency Control</strong></span></div>
<div>
	<img alt="Argentina Eases Currency Control" src="/userfiles/images/nw4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country&rsquo;s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>IMF warns of deflation risk</strong></span></div>
<div>
	The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014. &ldquo;Risks to activity associated with very low inflation in advanced economies, especially the euro area, have come to the fore,&rdquo; the IMF said in an update to its World Economic Outlook.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>BOJ to Maintain Aggressive Monetary Easing</strong></span></div>
<div>
	The Bank of Japan said on Wednesday it had decided to maintain its aggressive monetary easing to stimulate the country&rsquo;s economy and combat chronic deflation. The bank also kept unchanged its overall economic assessment, saying &ldquo;Japan&rsquo;s economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed,&rdquo; the bank said after a two-day monetary policy meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China also Exports Pollution to Western US, Study Finds</strong></span></div>
<div>
	<img alt="China also Exports Pollution to Western US, Study Finds" src="/userfiles/images/nw5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Filthy emissions from China&rsquo;s export industries are carried across the Pacific Ocean and contribute to air pollution in the western United States, according to a paper published by a prominent US science journal. The research is the first to quantify how air pollution in the United States is affected by China&rsquo;s production of goods for export and by global consumer demand for those goods, the study&rsquo;s authors say.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country’s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.',
			'sortorder' => '2362',
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		'Article' => array(
			'id' => '2456',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
	Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
	Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to &ldquo;evolving market trends.&rdquo; Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Time Warner Rejects Charter&rsquo;s $60bn bid as &lsquo; Grossly Inadequate&rsquo;</strong></span></div>
<div>
	Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was &ldquo;grossly inadequate&rdquo;. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner&rsquo;s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a &ldquo;bargain&rdquo; price.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
	British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since &lsquo;07</strong></span></div>
<div>
	U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That&rsquo;s 9.8 percent lower than November&rsquo;s pace of 1.12 million, which was the fastest in five years.&nbsp;</div>',
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			'created' => '2014-01-20',
			'modified' => '2014-01-20',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.',
			'sortorder' => '2298',
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		'Article' => array(
			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
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			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
			'sortorder' => '2255',
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		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2274',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (16 - 22 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Lower House Approves Budget Deal</strong></span></div>
<div>
	US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332&mdash;94.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Economy Set for Fastest Growth in 7 Years&nbsp;</strong></span></div>
<div>
	Britain&rsquo;s economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce said on Thursday. The business group forecast economic growth to rise to 2.7 percent in 2014, an upgrade from the forecasts of 2.2 percent it made as recently as August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Iran Oil Exports Rise as Sanctions Eased</strong></span></div>
<div>
	Iranian exports rose by about 10% in November, the International Energy Agency said in its monthly market report published Wednesday. The Paris-based agency also said it expected global oil demand to rise by 1.2 million barrels per day to 92.4 million next year. Iran&rsquo;s export lift follows an accord struck last month which relaxed some economic sanctions in exchange for assurances over the country&rsquo;s nuclear program.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Big Step&rsquo; Rescue Plan for Eurozone Banks&nbsp;</strong></span></div>
<div>
	The agreement reached in discussions about how to deal with bank bailouts for EU nations has been labelled a &ldquo;big step&rdquo; by a senior official. EU Commissioner Michel Barnier said the deal meant taxpayers were no longer on the &ldquo;front line&rdquo;. Under the new arrangements, each EU member state will build up a fund to help banks in trouble. The fund will be built up from bank contributions, with banks that take more risks paying more.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India&rsquo;s Forex Reserves Rise to a 7 Month High</strong></span></div>
<div>
	India&rsquo;s foreign exchange reserves have risen for five straight weeks to a seven-month high. &nbsp;Forex reserves jumped $4.408 billion in the week ended December 6 to $295.7 billion as banks continued to swap their dollar borrowings with RBI in favour of the rupee even after the deadline of November 30, by which incentives that encouraged this were to end.&nbsp;</div>',
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			'created' => '2013-12-16',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94.',
			'sortorder' => '2118',
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		'Article' => array(
			'id' => '2192',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>WTO Members Fail to Agree Free Trade Deal&nbsp;</strong></span></div>
<div>
	Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday. &ldquo;The reality is that we have proved that we can&rsquo;t cross the final yard here in Geneva. The process here is over,&rdquo; World Trade Organisation chief Roberto Azevedo told reporters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Ahead of US, China in Investment Destination&nbsp;</strong></span></div>
<div>
	India has spurted ahead of China and the US as the most attractive investment destination, a survey by global professional services firm Ernst &amp; Young (EY) says. EY&rsquo;s ninth bi-annual capital confidence barometer has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Moves to Cool Property Market</strong></span></div>
<div>
	The UK is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble. House prices have increased by about 7% in a year, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Black Friday Shopping Marred by Violence</strong></span></div>
<div>
	Several outbreaks of violence have marred the US Black Friday shopping frenzy, as bargain-hunters besieged malls across the US. In Chicago police shot an alleged shoplifter; a robber shot a shopper in Las Vegas; and a California police officer was injured in a fight. Black Friday, the day following the Thanksgiving holiday, is the biggest shopping day of the year in the US.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Switzerland: Best Country for Top Talent</strong></span></div>
<div>
	Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business school Insead. The new index rates 103 countries on 48 factors including education, government policy and quality of life. The US trailed in ninth place. First placed Switzerland excelled in all categories, and stood out for its long-standing commitment to high-quality education, according to the report. Singapore came second. The authors noted that the city-state was highly competitive because of a clear strategy to grow and attract the best and brightest employees.</div>',
			'published' => true,
			'created' => '2013-12-02',
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			'description' => 'Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2150',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (25 November - 01 December)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Fed Plans to Trim Stimulus Soon</strong></span></div>
<div>
	Federal Reserve officials said they plan to begin trimming the central bank&#39;s stimulus efforts in &quot;the coming months&quot;. In the meeting minutes, released on Wednesday, policy makers said they &quot;generally expected that the data would prove consistent with the Committee&#39;s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months&quot;. They believe that the US recovery is strengthening, according to minutes from their October meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global Economic growth Slowing: OECD</strong></span></div>
<div>
	Global growth for 2013 and 2014 has been downgraded &quot;significantly&quot; after weak prospects in emerging markets, says the Organisation for Economic Co-operation and Development. Global GDP this year is now expected to grow by 2.7%, down from 3.1% forecast in May. But it said global economic growth would speed up by 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>JP Morgan in Record $13bn Settlement&nbsp;</strong></span></div>
<div>
	US bank JP Morgan Chase has agreed to a record $13bn (&pound;8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gold Posts Biggest Weekly Loss in 2 Months&nbsp;</strong></span></div>
<div>
	Gold ended little changed on Friday but the metal posted its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of a slowdown in stimulus measures. Spot gold inched up 31 cents to close at $1,242.66 an ounce. The metal hit a fresh 4-1/2-month low of $1,236.29 in the previous session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Gezhouba Completes Hydro Project in Pakistan</strong></span></div>
<div>
	China Gezhouba Group Company recently completed the construction of &nbsp;N-J Hydro-Power Project successfully. Pakistan State Councilor Syed Ahemed appreciated CGGC for completing the project successfully, CGGC&rsquo;s representative in Nepal said in a press release issued on Sunday. &ldquo;CGGC have made great contribution to the N-J hydro power project, I hope the company will continue to work effectively in the days to complete the project successfully,&rdquo; the press release quoted Ahemed as stating during his visit to the project site recently.</div>',
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			'created' => '2013-11-25',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US bank JP Morgan Chase has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.',
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			'id' => '2098',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold Falls to 1 Month Low</strong></span></div>
<div>
	Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve&rsquo;s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France&rsquo;s Credit Rating Downgraded</strong></span></div>
<div>
	Ratings agency Standard and Poor&rsquo;s cut France&rsquo;s sovereign credit rating to AA from AA+ on Friday, citing lack of progress in government reforms of the country&rsquo;s economy. The agency revised the country&rsquo;s sovereign credit outlook up to stable from negative, however.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growth Pick Up in US Economy</strong></span></div>
<div>
	The US economy grew at an annual pace of 2.8% in the third quarter of the year, latest figures have shown.The growth rate was faster than expected, and was an improvement on the 2.5% pace seen in the previous quarter. Growth was lifted by rising exports, businesses restocking shelves and a pick-up in home construction.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Eases Rules for Foreign Banks</strong></span></div>
<div>
	India&rsquo;s central bank has unveiled new rules that will allow foreign banks to expand their presence in the country. Foreign banks will now be allowed to set up &ldquo;wholly owned subsidiaries&rdquo; in India, which will enable them to open branches anywhere in the country. The subsidiaries will need a minimum capital of 5bn rupees ($80m). The changes are a part of the push by the central bank&rsquo;s new governor, Raghuram Rajan, to liberalise the sector as he looks to boost growth.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Financial Crisis Hits Happiness Levels</strong></span></div>
<div>
	Countries worst hit by the global financial crisis saw their happiness levels fall as a result, a survey has suggested. According to the Organisation for Economic Co-operation and Development (OECD), levels of &ldquo;life satisfaction&rdquo; fell sharply between 2007 and 2012 in countries like Greece and Spain. Trust in governments also deteriorated over that time. The OECD said the findings showed the far-reaching impact of the crisis.</div>',
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			'description' => 'Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve’s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2025',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 28 October - 3 November)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>UK GDP Growth Fastest For 3 Years</strong></span></div>
<div>
	UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a &ldquo;fairly strong&rdquo; performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: &ldquo;This shows that Britain&rsquo;s hard work is paying off &amp; the country is on the path to prosperity.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU Lawmakers Avert Payment Crisis</strong></span></div>
<div>
	The European Parliament approved an additional &euro; 2.7 billion ($3.7 billion) injection into the European Union&rsquo;s 2013 budget on Thursday, thus preventing the bloc from running out of money in the coming weeks. Most EU money flows back into the bloc&rsquo;s 28 countries, for instance as agricultural subsidies or support for poorer regions. The European Commission, the bloc&rsquo;s executive, had warned that it would no longer be able to make payments from November if member states did not provide the extra funding.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global M&amp;A Deal Volume Hits $2.3 tn&nbsp;</strong></span></div>
<div>
	Global merger and acquisition (M&amp;A) deal volume reached $ 2.3 trillion so far this year, registering an increase of 9 per cent from last year levels, Dealogic said in a report. According to the global deal tracking firm, global M&amp;A volume has reached $ 2.30 trillion in 2013 year-to-date, up 9 per cent from the $ 2.10 trillion in the corresponding period last year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nobel Economist Klein Dies at 93</strong></span></div>
<div>
	Nobel Prize-winning economist Lawrence Klein, whose statistical models have been used to analyse and predict global economic trends, has died aged 93. Mr Klein, who died at his home near Philadelphia on 20th October Sunday, was widely regarded as the founder of modern economic forecasting. He famously predicted America&rsquo;s post World War II boom, which at the time, countered theories of a new recession. This was achieved through computer-based models known as &lsquo;econometrics&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Australia to Raise Debt Limit by Two-Thirds&nbsp;</strong></span></div>
<div>
	The Australian government has said it plans to raise the country&rsquo;s debt limit by two-thirds to allay concerns it could face a future fiscal crisis. The newly-elected conservative government is looking to raise the borrowing limit to A$500bn. Australia is forecast to reach its current A$300bn ceiling in December.</div>',
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			'created' => '2013-10-28',
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			'description' => 'K economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a “fairly strong” performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”',
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	(int) 14 => array(
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			'id' => '1978',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (21 -27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Canada and EU Agree Free-Trade Deal</strong></span></div>
<div>
	Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr. Martens Up for Sale</strong></span></div>
<div>
	Britain&rsquo;s iconic Dr. Martens boots look set to find a new home, ending more than 50 years of family ownership. Sources familiar with the situation say the Griggs family is in talks to sell its 91.5% stake in the company to private equity firm Permira for &pound;300 million ($486 million). Dr. Martens leather, lace up boots have been a signal of youth rebellion since they were first produced in 1960. Waves of subcultures -- from skinheads to punks and gothic followers -- have embraced the footwear.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Economic Growth Speeds Up&nbsp;</strong></span></div>
<div>
	China&rsquo;s economy powered ahead in the third quarter, taking some pressure off the country&rsquo;s leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Shutdown encouraged foes, depressed friends&rsquo;</strong></span></div>
<div>
	US President Barack Obama has warned that America&rsquo;s recent bout of political dysfunction had encouraged its enemies and dismayed its friends, and said the crisis left &ldquo;no winners&rdquo; in Washington. &ldquo;Let&rsquo;s be clear. There are no winners here,&rdquo; Obama &nbsp;said. He spoke less than 11 hours after signing legislation that ended a 16-day government shutdown and a showdown over raising his government&rsquo;s borrowing authority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Lowers India&rsquo;s GDP Growth&nbsp;</strong></span></div>
<div>
	The World Bank has revised downwards India&rsquo;s economic growth forecast for the current fiscal to 4.7 per cent. This is against the 6.1 per cent growth projected in April. India&rsquo;s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released on Wednesday.&nbsp;</div>',
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			'description' => 'Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.',
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			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
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	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
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			'title' => 'Nepal And The World News In Brief (10 - 16 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Newsweek Relaunches Print Edition</strong></span></div>
<div>
	Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan Decides Bitcoin is not a Currency</strong></span></div>
<div>
	Japanese Prime Minister Shinzo Abe&rsquo;s cabinet said on Friday that bitcoin, the world&rsquo;s most well-known form of virtual money, is not a currency, but would be taxable. Tokyo defined bitcoin as a product that is not handled by banks and securities houses. It also added that consumption tax would be levied on purchases of the virtual currency and income tax would be imposed on profits from its sale. The decision came a week after the collapse of the Tokyo-based Mt Gox, one of the largest exchanges for the virtual currency.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Chinese Solar Company in Landmark Default</strong></span></div>
<div>
	The Chinese Solar panel maker Shanghai Chaori Solar Energy Science &amp; Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm.It is the first Chinese firm ever to default on its onshore corporate bonds. On Tuesday, the firm warned it would be unable to make a 89.8 million yuan ($14.6m) interest payment on a one billion yuan bond issued in 2012.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurostar Passenger Figures Topped 10 mn</strong></span></div>
<div>
	British Cross-channel train operator Eurostar says it carried more than 10 million passengers last year for the first time, as the economic recovery lifted demand for business travel. Revenues from ticket sales rose 7 per cent to &pound;857m in 2013, while operating profit was up 4 per cent to &pound;54m. Passenger numbers hit 10.1 million - the first time Eurostar has broken the 10 million mark since it began in 1994.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Manufacturing Activity Picks Up</strong></span></div>
<div>
	US manufacturing activity expanded at a faster-than-expected rate in February. The Institute for Supply Management&rsquo;s (ISM) manufacturing index rose to 53.2 from 51.3 in January. A reading above 50 indicates expansion.&nbsp;</div>',
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			'created' => '2014-03-10',
			'modified' => '2014-03-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Current affairs magazine Newsweek has relaunched its print edition. The move comes just months after the US magazine was bought by digital news company IBT Media. Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.',
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			'id' => '2694',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (3 - 9 March 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Economic Growth Rate Revised Down</strong></span></div>
<div>
	The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Major Bitcoin Exchange Files for Bankruptcy</strong></span></div>
<div>
	After weeks of speculation over its financial health, the beleaguered &nbsp;Bitcoin exchange Mt. Gox has filed for bankruptcy protection. A company lawyer made the announcement at an impromptu news conference held at Tokyo District Court, according to The Wall Street Journal. Mt. Gox says it has &yen;6.5 billion ($63.9 million) in liabilities at present. Mt. Gox suspended Bitcoin withdrawals in early February, ultimately blaming a transaction bug that could have led to theft. The exchange went offline altogether on Monday amid reports that 744,000 bitcoins had been stolen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japanese on Spending Spree Ahead of Sales Tax Rise</strong></span></div>
<div>
	Japanese consumers are on a spending spree ahead of a sales tax hike, and companies are increasing production to meet increased demand. The country&rsquo;s retail sales grew 4.4% in January compared to a year ago, marking a sixth straight month of gains. Industrial production rose by 4% in January, marking the second straight monthly jump in factory activity. Most of the spending and production increase is due to a rush in purchases ahead of higher sales tax in April.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ukrainian currency hits 10-year low</strong></span></div>
<div>
	Ukraine&rsquo;s currency, the hryvnia, has fallen to a new low of 10 to the US dollar. The currency&rsquo;s decline reflects political upheavals and longer-term persistent economic weakness. But it is also likely to aggravate those underlying problems and adds to Ukraine&rsquo;s need for international financial assistance.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Govt Considers Visa Auctions for Millionaires</strong></span></div>
<div>
	Visas to settle down in Britain could be auctioned to some of the wealthiest bidders under new proposals being considered by the UK government. Under the proposal, overseas millionaires will be invited to bid for a limited proportion of investor or Tier 1 UK visas that allow holders and their families to live indefinitely in Britain.&nbsp;</div>',
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			'created' => '2014-03-03',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said. US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%. The revision is down to weaker than expected consumer spending due to severe winter weather.',
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		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
			'sortorder' => '2506',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2553',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (7 - 16 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Market Cap of Global Exchanges Hits 10-Year High</strong></span></div>
<div>
	The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Morgan Stanley to pay out $1.25bn&nbsp;</strong></span></div>
<div>
	US banking giant Morgan Stanley has agreed to pay USD 1.25 bn to settle a lawsuit over the sale of mortgage-backed securities. The money will be paid to the US regulator that oversees Fannie Mae and Freddie Mac mortgage guarantee firms. US taxpayers had to rescue the two firms in 2008 in a bailout worth $187 bn during the financial crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Panasonic Posts Profit in First Nine Months</strong></span></div>
<div>
	Japanese electronics firm Panasonic Corp posted a net profit for the first nine months of the current fiscal year, the firm said on Tuesday, thanks in part to a weaker yen and restructuring efforts. The company said it had made a profit of &yen;243 billion ($ 2.4 billion) in the period April to December last year. The figure compares to a loss of &yen;623.8 billion for the corresponding period of the previous year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Investors Flee Emerging Market&nbsp;</strong></span></div>
<div>
	Investors yanked more than $6.3 billion from emerging market equity funds last week, the largest outflow on record in dollar terms. Boston-based fund tracker EPFR Global said the outflow was broad based and the biggest in three years as a percentage of assets under management. Institutional investors accounted for $5 billion of the redemptions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Debt Default by &lsquo;End of Month&rsquo;</strong></span></div>
<div>
	US Treasury Secretary Jack Lew has warned the US may default on its debt by the end of the month if Congress does not raise its borrowing limit. Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February. But he anticipated the treasury&rsquo;s reserves would quickly be exhausted as it issues annual income tax refunds. The $16.7 tn cap will be reinstated on Friday.</div>',
			'published' => true,
			'created' => '2014-02-09',
			'modified' => '2014-02-09',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The overall market capitalisation of bourses worldwide crossed $64 trillion last year, the highest level in more than a decade, on the back of improving investor sentiment. Latest data from the World Federation of Exchanges (WFE) show that market valuation of 53 stock exchanges across the globe stood at $64 trillion last year compared to $54.5 trillion in 2012. The level touched in 2013 is also the highest since the 2008 Lehman Brothers crisis that had pushed the global financial system into a tizzy.',
			'sortorder' => '2395',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2508',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (27 January - 02 February)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Draghi: Eurozone Pick-UP &lsquo;Dramatic&rsquo;</strong></span></div>
<div>
	<img alt="Mario Draghi" src="/userfiles/images/nw3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />The head of the European Central Bank, Mario Draghi, says there has been a &ldquo;dramatic improvement&rdquo; in the eurozone recovery over the past two years. Speaking at a forum in Davos on Saturday he said: &ldquo;Risks have decreased across the board both for core eurozone countries and the periphery&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Argentina Eases Currency Control</strong></span></div>
<div>
	<img alt="Argentina Eases Currency Control" src="/userfiles/images/nw4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country&rsquo;s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>IMF warns of deflation risk</strong></span></div>
<div>
	The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014. &ldquo;Risks to activity associated with very low inflation in advanced economies, especially the euro area, have come to the fore,&rdquo; the IMF said in an update to its World Economic Outlook.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>BOJ to Maintain Aggressive Monetary Easing</strong></span></div>
<div>
	The Bank of Japan said on Wednesday it had decided to maintain its aggressive monetary easing to stimulate the country&rsquo;s economy and combat chronic deflation. The bank also kept unchanged its overall economic assessment, saying &ldquo;Japan&rsquo;s economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed,&rdquo; the bank said after a two-day monetary policy meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China also Exports Pollution to Western US, Study Finds</strong></span></div>
<div>
	<img alt="China also Exports Pollution to Western US, Study Finds" src="/userfiles/images/nw5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Filthy emissions from China&rsquo;s export industries are carried across the Pacific Ocean and contribute to air pollution in the western United States, according to a paper published by a prominent US science journal. The research is the first to quantify how air pollution in the United States is affected by China&rsquo;s production of goods for export and by global consumer demand for those goods, the study&rsquo;s authors say.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Argentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country’s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts.',
			'sortorder' => '2362',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2456',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
	Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
	Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to &ldquo;evolving market trends.&rdquo; Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Time Warner Rejects Charter&rsquo;s $60bn bid as &lsquo; Grossly Inadequate&rsquo;</strong></span></div>
<div>
	Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was &ldquo;grossly inadequate&rdquo;. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner&rsquo;s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a &ldquo;bargain&rdquo; price.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
	British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since &lsquo;07</strong></span></div>
<div>
	U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That&rsquo;s 9.8 percent lower than November&rsquo;s pace of 1.12 million, which was the fastest in five years.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-20',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.',
			'sortorder' => '2298',
			'image' => null,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
			'sortorder' => '2255',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2274',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (16 - 22 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>US Lower House Approves Budget Deal</strong></span></div>
<div>
	US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332&mdash;94.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Economy Set for Fastest Growth in 7 Years&nbsp;</strong></span></div>
<div>
	Britain&rsquo;s economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce said on Thursday. The business group forecast economic growth to rise to 2.7 percent in 2014, an upgrade from the forecasts of 2.2 percent it made as recently as August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Iran Oil Exports Rise as Sanctions Eased</strong></span></div>
<div>
	Iranian exports rose by about 10% in November, the International Energy Agency said in its monthly market report published Wednesday. The Paris-based agency also said it expected global oil demand to rise by 1.2 million barrels per day to 92.4 million next year. Iran&rsquo;s export lift follows an accord struck last month which relaxed some economic sanctions in exchange for assurances over the country&rsquo;s nuclear program.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Big Step&rsquo; Rescue Plan for Eurozone Banks&nbsp;</strong></span></div>
<div>
	The agreement reached in discussions about how to deal with bank bailouts for EU nations has been labelled a &ldquo;big step&rdquo; by a senior official. EU Commissioner Michel Barnier said the deal meant taxpayers were no longer on the &ldquo;front line&rdquo;. Under the new arrangements, each EU member state will build up a fund to help banks in trouble. The fund will be built up from bank contributions, with banks that take more risks paying more.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India&rsquo;s Forex Reserves Rise to a 7 Month High</strong></span></div>
<div>
	India&rsquo;s foreign exchange reserves have risen for five straight weeks to a seven-month high. &nbsp;Forex reserves jumped $4.408 billion in the week ended December 6 to $295.7 billion as banks continued to swap their dollar borrowings with RBI in favour of the rupee even after the deadline of November 30, by which incentives that encouraged this were to end.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-16',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94.',
			'sortorder' => '2118',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2192',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>WTO Members Fail to Agree Free Trade Deal&nbsp;</strong></span></div>
<div>
	Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday. &ldquo;The reality is that we have proved that we can&rsquo;t cross the final yard here in Geneva. The process here is over,&rdquo; World Trade Organisation chief Roberto Azevedo told reporters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Ahead of US, China in Investment Destination&nbsp;</strong></span></div>
<div>
	India has spurted ahead of China and the US as the most attractive investment destination, a survey by global professional services firm Ernst &amp; Young (EY) says. EY&rsquo;s ninth bi-annual capital confidence barometer has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UK Moves to Cool Property Market</strong></span></div>
<div>
	The UK is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble. House prices have increased by about 7% in a year, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Black Friday Shopping Marred by Violence</strong></span></div>
<div>
	Several outbreaks of violence have marred the US Black Friday shopping frenzy, as bargain-hunters besieged malls across the US. In Chicago police shot an alleged shoplifter; a robber shot a shopper in Las Vegas; and a California police officer was injured in a fight. Black Friday, the day following the Thanksgiving holiday, is the biggest shopping day of the year in the US.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Switzerland: Best Country for Top Talent</strong></span></div>
<div>
	Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business school Insead. The new index rates 103 countries on 48 factors including education, government policy and quality of life. The US trailed in ninth place. First placed Switzerland excelled in all categories, and stood out for its long-standing commitment to high-quality education, according to the report. Singapore came second. The authors noted that the city-state was highly competitive because of a clear strategy to grow and attract the best and brightest employees.</div>',
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			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday.',
			'sortorder' => '2035',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2150',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (25 November - 01 December)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Fed Plans to Trim Stimulus Soon</strong></span></div>
<div>
	Federal Reserve officials said they plan to begin trimming the central bank&#39;s stimulus efforts in &quot;the coming months&quot;. In the meeting minutes, released on Wednesday, policy makers said they &quot;generally expected that the data would prove consistent with the Committee&#39;s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months&quot;. They believe that the US recovery is strengthening, according to minutes from their October meeting.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global Economic growth Slowing: OECD</strong></span></div>
<div>
	Global growth for 2013 and 2014 has been downgraded &quot;significantly&quot; after weak prospects in emerging markets, says the Organisation for Economic Co-operation and Development. Global GDP this year is now expected to grow by 2.7%, down from 3.1% forecast in May. But it said global economic growth would speed up by 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>JP Morgan in Record $13bn Settlement&nbsp;</strong></span></div>
<div>
	US bank JP Morgan Chase has agreed to a record $13bn (&pound;8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gold Posts Biggest Weekly Loss in 2 Months&nbsp;</strong></span></div>
<div>
	Gold ended little changed on Friday but the metal posted its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of a slowdown in stimulus measures. Spot gold inched up 31 cents to close at $1,242.66 an ounce. The metal hit a fresh 4-1/2-month low of $1,236.29 in the previous session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Gezhouba Completes Hydro Project in Pakistan</strong></span></div>
<div>
	China Gezhouba Group Company recently completed the construction of &nbsp;N-J Hydro-Power Project successfully. Pakistan State Councilor Syed Ahemed appreciated CGGC for completing the project successfully, CGGC&rsquo;s representative in Nepal said in a press release issued on Sunday. &ldquo;CGGC have made great contribution to the N-J hydro power project, I hope the company will continue to work effectively in the days to complete the project successfully,&rdquo; the press release quoted Ahemed as stating during his visit to the project site recently.</div>',
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			'created' => '2013-11-25',
			'modified' => '2013-11-25',
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			'description' => 'US bank JP Morgan Chase has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation.',
			'sortorder' => '1997',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2098',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold Falls to 1 Month Low</strong></span></div>
<div>
	Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve&rsquo;s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France&rsquo;s Credit Rating Downgraded</strong></span></div>
<div>
	Ratings agency Standard and Poor&rsquo;s cut France&rsquo;s sovereign credit rating to AA from AA+ on Friday, citing lack of progress in government reforms of the country&rsquo;s economy. The agency revised the country&rsquo;s sovereign credit outlook up to stable from negative, however.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growth Pick Up in US Economy</strong></span></div>
<div>
	The US economy grew at an annual pace of 2.8% in the third quarter of the year, latest figures have shown.The growth rate was faster than expected, and was an improvement on the 2.5% pace seen in the previous quarter. Growth was lifted by rising exports, businesses restocking shelves and a pick-up in home construction.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India Eases Rules for Foreign Banks</strong></span></div>
<div>
	India&rsquo;s central bank has unveiled new rules that will allow foreign banks to expand their presence in the country. Foreign banks will now be allowed to set up &ldquo;wholly owned subsidiaries&rdquo; in India, which will enable them to open branches anywhere in the country. The subsidiaries will need a minimum capital of 5bn rupees ($80m). The changes are a part of the push by the central bank&rsquo;s new governor, Raghuram Rajan, to liberalise the sector as he looks to boost growth.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Financial Crisis Hits Happiness Levels</strong></span></div>
<div>
	Countries worst hit by the global financial crisis saw their happiness levels fall as a result, a survey has suggested. According to the Organisation for Economic Co-operation and Development (OECD), levels of &ldquo;life satisfaction&rdquo; fell sharply between 2007 and 2012 in countries like Greece and Spain. Trust in governments also deteriorated over that time. The OECD said the findings showed the far-reaching impact of the crisis.</div>',
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			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Gold dropped 1.7 percent on Friday, notching its biggest one-day fall in more than a month, as surprisingly strong US jobs data raised the prospect of Federal Reserve’s tapering of the quantitative easing (QE) . Spot gold was down 1.7 percent at $1,285.06 an ounce. US Comex gold futures for December settled down $23.90 at $1,284.60 an ounce.',
			'sortorder' => '1943',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2025',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 28 October - 3 November)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>UK GDP Growth Fastest For 3 Years</strong></span></div>
<div>
	UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a &ldquo;fairly strong&rdquo; performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: &ldquo;This shows that Britain&rsquo;s hard work is paying off &amp; the country is on the path to prosperity.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU Lawmakers Avert Payment Crisis</strong></span></div>
<div>
	The European Parliament approved an additional &euro; 2.7 billion ($3.7 billion) injection into the European Union&rsquo;s 2013 budget on Thursday, thus preventing the bloc from running out of money in the coming weeks. Most EU money flows back into the bloc&rsquo;s 28 countries, for instance as agricultural subsidies or support for poorer regions. The European Commission, the bloc&rsquo;s executive, had warned that it would no longer be able to make payments from November if member states did not provide the extra funding.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global M&amp;A Deal Volume Hits $2.3 tn&nbsp;</strong></span></div>
<div>
	Global merger and acquisition (M&amp;A) deal volume reached $ 2.3 trillion so far this year, registering an increase of 9 per cent from last year levels, Dealogic said in a report. According to the global deal tracking firm, global M&amp;A volume has reached $ 2.30 trillion in 2013 year-to-date, up 9 per cent from the $ 2.10 trillion in the corresponding period last year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nobel Economist Klein Dies at 93</strong></span></div>
<div>
	Nobel Prize-winning economist Lawrence Klein, whose statistical models have been used to analyse and predict global economic trends, has died aged 93. Mr Klein, who died at his home near Philadelphia on 20th October Sunday, was widely regarded as the founder of modern economic forecasting. He famously predicted America&rsquo;s post World War II boom, which at the time, countered theories of a new recession. This was achieved through computer-based models known as &lsquo;econometrics&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Australia to Raise Debt Limit by Two-Thirds&nbsp;</strong></span></div>
<div>
	The Australian government has said it plans to raise the country&rsquo;s debt limit by two-thirds to allay concerns it could face a future fiscal crisis. The newly-elected conservative government is looking to raise the borrowing limit to A$500bn. Australia is forecast to reach its current A$300bn ceiling in December.</div>',
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			'created' => '2013-10-28',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'K economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a “fairly strong” performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”',
			'sortorder' => '1872',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1978',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (21 -27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Canada and EU Agree Free-Trade Deal</strong></span></div>
<div>
	Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr. Martens Up for Sale</strong></span></div>
<div>
	Britain&rsquo;s iconic Dr. Martens boots look set to find a new home, ending more than 50 years of family ownership. Sources familiar with the situation say the Griggs family is in talks to sell its 91.5% stake in the company to private equity firm Permira for &pound;300 million ($486 million). Dr. Martens leather, lace up boots have been a signal of youth rebellion since they were first produced in 1960. Waves of subcultures -- from skinheads to punks and gothic followers -- have embraced the footwear.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China&rsquo;s Economic Growth Speeds Up&nbsp;</strong></span></div>
<div>
	China&rsquo;s economy powered ahead in the third quarter, taking some pressure off the country&rsquo;s leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&lsquo;Shutdown encouraged foes, depressed friends&rsquo;</strong></span></div>
<div>
	US President Barack Obama has warned that America&rsquo;s recent bout of political dysfunction had encouraged its enemies and dismayed its friends, and said the crisis left &ldquo;no winners&rdquo; in Washington. &ldquo;Let&rsquo;s be clear. There are no winners here,&rdquo; Obama &nbsp;said. He spoke less than 11 hours after signing legislation that ended a 16-day government shutdown and a showdown over raising his government&rsquo;s borrowing authority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Lowers India&rsquo;s GDP Growth&nbsp;</strong></span></div>
<div>
	The World Bank has revised downwards India&rsquo;s economic growth forecast for the current fiscal to 4.7 per cent. This is against the 6.1 per cent growth projected in April. India&rsquo;s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released on Wednesday.&nbsp;</div>',
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			'created' => '2013-10-21',
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			'description' => 'Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.',
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