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The government has directed the Privatisation Commission to immediately start the process of selling 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26 per cent shares along with management control, to the private sector, the Dawn reported. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US Set to be Top Energy Producer in 2013</strong></span></div> <div> The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.</div> <div> </div> <div> <span style="font-size:14px;"><strong>ADB Cuts Asia Growth Forecasts </strong></span></div> <div> The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back US stimulus that destabilized financial markets.The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Airlines Fill Record Number of Seats : IATA</strong></span></div> <div> World airline traffic expanded by 6.8 percent in August, enabling the industry to match an all-time record of 83.4 percent of seats filled, the International Air Transport Association (IATA) said on Wednesday. “August was a positive month for passenger travel,” IATA chief Tony Tyler said in a statement, pointing out that the overall passenger load factor, or percentage of seats filled, matched a record set in July 2011. </div> <div> </div> <div> <span style="font-size:14px;"><strong>German Unemployment in Surprise Increase</strong></span></div> <div> The number of people out of work in Germany unexpectedly rose by a seasonally adjusted 25,000 in September to just under three million. Analysts had penciled in a fall of 5,000, after a rise of 9,000 in August.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-08', '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 United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.', 'sortorder' => '1783', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1878', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (30 September - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Japan Inflation Hits 5 Year-High </strong></span></div> <div> Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US House Defies Obama on Funding Bill </strong></span></div> <div> The House approved a spending bill early Sunday morning that would fund the government through Dec. 15, but tacked on amendments that would delay the federal health care law known as Obamacare for one year and repeal the medical device tax, a move that sets up a showdown with Senate Democrats and increases the probability of a government shutdown Tuesday.</div> <div> </div> <div> <span style="font-size:14px;"><strong>UK Moves to Block Bankers’ Bonus Cap</strong></span></div> <div> A plan to cap bankers’ bonuses will be tested in Europe’s top court after the U.K. government challenged the measure, claiming it would increase financial risks rather than reduce them.EU policymakers are hoping to limit bonuses for any banker earning more than 500,000 euros a year. The maximum payout would be equal to annual salary or twice salary if a majority of shareholders approve.</div> <div> </div> <div> <span style="font-size:14px;"><strong>India Current Account Gap Seen Widening </strong></span></div> <div> India’s current account deficit, which hit a record high in the last fiscal year, is expected to rise in the June quarter from the previous three-month period before easing due to sharp fall in gold imports and improving exports. Five economists predicted the June quarter current account deficit (CAD) would rise to $23-25 billion, or 4.8-5.4 percent of gross domestic production (GDP), from $18.1 billion, or 3.6 percent, in the March quarter.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Switzerland Leads in Global Energy Ranking</strong></span></div> <div> Switzerland and a handful of countries in Europe led the way in a global ranking of energy efficiency, access to resources and environmental sustainability. China ranked 78th and the United States was 15th, according to the report by the World Energy Council, a London-based group that promotes sustainable power. Canada came in sixth and France was 10th, while the worst showing of all 129 countries was made by Zimbabwe. </div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '0000-00-00', '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' => 'Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains.', 'sortorder' => '1739', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1810', 'article_category_id' => '139', 'title' => 'Nepal And The World Brief (16 - 22 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Obama to Nominate Summers as Fed Chief </strong></span></div> <div> US President Barack Obama will name former Treasury Secretary Lawrence “Larry” Summers as chairman of the Federal Reserve Board,Japan’s Nikkei newspaper said on Friday. The newspaper, quoting unnamed sources, said that Obama was “in the final stages” and moving toward naming Summers. Debate in Washington has focused on whether Obama will pick Summers or Fed Vice Chair Janet Yellen to succeed Ben Bernanke, whose term as head of the U.S. central bank expires in January. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Growth in G-20 Countries Accelerates</strong></span></div> <div> Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 percent from 0.6 percent in the previous three month period, the OECD said last Thursday. Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 percent, said the Organisation for Economic Cooperation and Development. </div> <div> </div> <div> <span style="font-size:14px;"><strong>China’s New Richest Man Worth $22 bn</strong></span></div> <div> China’s new richest man -- real estate and hotel king Wang Jianlin -- is now worth $22 billion, up from $10.3 billion in 2012, according to the latest Wealth Report from the Hurun Research Institute and marketing firm GroupM Knowledge. Wang easily ousted China’s former No. 1, Zong Qinghou, who is now No. 2 with a net worth of $18.7 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Plan for EU Financial Tax Found to be Illegal</strong></span></div> <div> Legal advisers have cautioned 11 EU Governments that a proposal they are considering for a tax on financial transactions is illegal. The legal service that advises EU member states found that the suggested approach on which companies should be taxed is “discriminatory,” will probably distort competition, violates EU law and “exceeds member states’ jurisdiction for taxation,” according to a copy of the opinion published last week.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Australian Unemployment Highest in 4 Years</strong></span></div> <div> Australia’s jobless rate edged up to 5.8 percent in August, a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the mining investment boom unwinds. The Australian Bureau of Statistics said the seasonally adjusted rate -- up from 5.7 percent in July -- the highest since August 2009.</div>', 'published' => true, 'created' => '2013-09-16', 'modified' => '0000-00-00', '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' => '', 'sortorder' => '1671', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1727', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="US GDP" src="/userfiles/images/gdp(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />US GDP Accelerates Sharply </span></strong></div> <div> The U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program. Gross domestic product grew at a 2.5 percent annual rate, according to revised estimates for the period that were released by the Commerce Department on Thursday. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Oil " src="/userfiles/images/coil.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Oil Giant Sinopec Buys into Egypt for $3.1 bln</span></strong></div> <div> Chinese oil giant Sinopec will pay $3.1 billion for a one-third stake in the Egyptian oil and gas business of US firm Apache Corp. it said on Friday, as China builds up its access to global energy reserves. The deal, which is still subject to regulatory approval, marks Sinopec’s first entry into Egypt’s upstream oil and gas sector, according to a company statement.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Drops Below $1,400" src="/userfiles/images/gold(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Gold Drops Below $1,400</span></strong></div> <div> Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Spot gold eased 0.93 percent to $1,394.51 an ounce by after slipping to a session low of $1,392.06 an ounce. U.S. December gold futures lost $18.10 an ounce to $1,394.8 an ounce, down 1.28 percent.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="BRICS Agree" src="/userfiles/images/bricks.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />BRICS Agree Capital Structure for Development Bank </span></strong></div> <div> The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, a newspaper reported. Officials from Brazil, China, India, Russia and South Africa agreed to set up the bank with a total capital of $50 billion, shared equally among them, it quoted an unnamed senior Indian government official as saying. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Samsung" src="/userfiles/images/samsung(5).jpg" style="float: left; margin: 0px 10px 0px 0px;height: 66px; width: 100px;" />Samsung Emerges as the Top supply chain Company in Asia Pacific</span></strong></div> <div> Korean electronics major Samsung has been ranked at the top in IT research firm Gartner’s list of 25 major performing supply chain organisations in Asia Pacific region. Chinese PC and mobile devices maker Lenovo bagged the second position, backed by impressive revenue growth and inventory turns, Gartner said. </div>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', '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 U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program.', 'sortorder' => '1588', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1692', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (26 August - 1 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Brazil Unveils $60bn Currency Move" src="/userfiles/images/brzl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />Brazil Unveils $60bn Currency Move</span></strong></div> <div> Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency. It comes as the Brazilian real nears a five-year low against the US dollar. The real and other emerging market currencies have fallen steadily over the last three months on speculation of higher US interest rates. The central bank said it would spend $500m a day on Mondays to Thursdays and $1bn on Fridays buying reais in the currency markets.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Eurozone growth hits 26-month high" src="/userfiles/images/eur.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 74px;" />Eurozone growth hits 26-month high</span></strong></div> <div> Eurozone business activity grew at its fastest pace for 26 months in August, according to a closely-watched survey. The Markit composite purchasing managers’ index - which includes manufacturing and services - rose to 51.7 points, from 50.5 in July. A number higher than 50 indicates growth.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Price Up on Poor US Home Sales" src="/userfiles/images/gold(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Gold Price Up on Poor US Home Sales</span></strong></div> <div> Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. For the week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1,180 an ounce on June 28.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="IMF Cautions Against Withdrawing Stimulus" src="/userfiles/images/imf.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 77px;" />IMF Cautions Against Withdrawing Stimulus</span></strong></div> <div> International Monetary Fund (IMF) chief Christine Lagarde has cautioned the countries across the world against withdrawal of stimulus or unconventional monetary policies (UMPs). Lagarde on Friday asserted that the stimulus helped support economic stability at both domestic and global level. Early in the crisis, the UMPs helped prevent a collapse of the financial system and a collapse of activity, she said.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Sri Lanka Trade Deficit Widens " src="/userfiles/images/slt(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />Sri Lanka Trade Deficit Widens </span></strong></div> <div> Sri Lanka’s trade deficit widened 25 percent to $829.1 million in June from $663.2 million a year earlier, central bank data showed on Thursday. Both imports and exports reversed their declining trend. The central bank’s tight monetary policy measures and a flexible exchange rate, adopted early last year to curb trade and current account deficits, have resulted in sluggish external trade since the second quarter of 2012.</div>', 'published' => true, 'created' => '2013-08-26', 'modified' => '0000-00-00', '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' => 'Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency.', 'sortorder' => '1553', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1641', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="India Inflation" src="/userfiles/images/inflation.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />India Inflation Rate Rises </span></strong></div> <div> India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs. India’s main gauge of inflation, the Wholesale Price Index, rose 5.79 per cent from a year earlier, up from 4.86 per cent in June. The Indian rupee has fallen 10 per cent against the US dollar this year. Policymakers have taken various steps in recent days to try and stem the rupee’s decline. Analysts said the latest data may see the central bank unveil further measures. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Eurozone" src="/userfiles/images/eurozone.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Eurozone Exits Recession </span></strong></div> <div> Stronger growth in the euro zone’s two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter, confirming expectations that a fragile recovery was under way. The 17 countries sharing the euro needed seven quarters to return to a growth rate of 0.3 per cent, on a seasonally adjusted basis in the three months to June, data from the European Union’s statistics office Eurostat showed. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="us jobs" src="/userfiles/images/jobs(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 78px;" />New US Jobless Claims Fall to 6 Year Low</span></strong></div> <div> New claims for US unemployment insurance benefits fell last week to their lowest level in six years, a fresh sign of labour market tightening, the Labour Department said Thursday. Initial jobless claims totaled 320,000 in the week ending August 10, compared to 335,000 the previous week. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Boeing" src="/userfiles/images/boeing.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />Boeing to Probe New Dreamliner Fault</span></strong></div> <div> Boeing has said that it will investigate the wiring defect that was found in a fire extinguisher system on three of its 787 Dreamliner jets. The fault was found on jets operated by Japan’s All Nippon Airways (ANA). After ANA reported the fault on Wednesday, rival Japan Airlines turned back a 787 plane travelling to Helsinki from Tokyo to check the wiring.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Mints" src="/userfiles/images/china(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 100px;" />China Mints Fewer Millionaires Amid Slowdown</span></strong></div> <div> The number of new Chinese millionaires grew by only 3 per cent in 2012, the slowest pace in five years, according to a new report from Hurun Research Institute and marketing firm Group M Knowledge. Just more than 1 million Chinese are now able to call themselves millionaires. Of those, 184,000 live in Beijing, while 172,000 are in Guangdong and 147,000 reside in Shanghai.</div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', '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' => 'India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs.', 'sortorder' => '1502', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1597', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Japan’s Debt Exceeds 1 Quadrillion Yen" src="/userfiles/images/japan.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 60px;" />Japan’s Debt Exceeds 1 Quadrillion Yen </strong></div> <div> Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances. The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen ($10.46 trillion) as of June 30, up 1.7 percent from three months earlier, the finance ministry said. <em>(Bloomberg)</em></div> <div> </div> <div> <strong><img alt="‘US Shale Oil Threatens OPEC’s Future’" src="/userfiles/images/us%20shale.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 66px;" />‘US Shale Oil Threatens OPEC’s Future’</strong></div> <div> The rise of North American oil supplies could test the future of OPEC which may have to curb supply to accommodate rising shale oil volumes, a new report has found. The increase in U.S. output is a “defining feature of tomorrow’s market” according to International Energy Agency’s oil market report and could test the producer group’s share of the global oil market. <em>(Agency)</em></div> <div> </div> <div> <strong><img alt="China Posts Solid Factory Data" src="/userfiles/images/china%20post.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Posts Solid Factory Data</strong></div> <div> China’s economy could be stabilising, the latest set of economic figures from the country has suggested. Factory output in July rose 9.7% compared with a year ago, ahead of expectations and up from the previous month’s figure of 8.9%.<em> (BBC)</em></div> <div> </div> <div> </div> <div> <strong><img alt="Indian Parliament" src="/userfiles/images/indian%20parliament.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 68px;" />Indian Parliament Passes New Companies Bill</strong></div> <div> The Upper house of Indian parliament, the Rajya Sabha on Thursday passed the Companies Bill, which seeks to improve transparency and accountability in the companies, encourages self-regulation and makes contribution of 2% of profits toward corporate social responsibility (CSR) mandatory, among other changes. <em>(The Economic Times)</em></div> <div> </div> <div> <strong><img alt="US jobless claims at 6-year low " src="/userfiles/images/us%20jobbless.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />US jobless claims at 6-year low </strong></div> <div> Americans who have a job may take comfort in knowing that companies are laying off fewer people than at any time since before the Great Recession. Applications for U.S. unemployment benefits over the past four weeks dropped to a seasonally adjusted 335,500, the Labor Department said Thursday. That’s the lowest level since November 2007, which was one month before the recession began. <em>(Agency)</em></div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', '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' => 'Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances.', 'sortorder' => '1458', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1549', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (5-11 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Australia Unveils Levy on Bank Deposits" src="/userfiles/images/Australia%20Unveils.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Australia Unveils Levy on Bank Deposits </strong></div> <div> Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse. Deposits up to A$250,000 will have to pay a levy of 0.05% from January 2016. It will be imposed on banks and not account holders. (BBC) </div> <div> </div> <div> </div> <div> <strong><img alt="EADS to be Rebranded as Airbus " src="/userfiles/images/EADS.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 51px;" />EADS to be Rebranded as Airbus </strong></div> <div> EADS, the parent company of Airbus, says it is to rename itself after its commercial plane-making subsidiary. It will be called Airbus Group and have three divisions; commercial aircraft, defence and space, and helicopters. Implementation of the change will start in January and is set to be completed in the second half of 2014. (Agency) </div> <div> </div> <div> <strong><img alt="India Eases FDI Rules in Retail Sector " src="/userfiles/images/India%20Eases%20FDI%20Rules.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />India Eases FDI Rules in Retail Sector </strong></div> <div> India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of cities have been relaxed. (Agency) </div> <div> </div> <div> </div> <div> <strong><img alt="Americans Favor Cash " src="/userfiles/images/Americans%20Favor%20Cash.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 58px;" />Americans Favor Cash for Long-Term Investments </strong></div> <div> 26 per cent of Americans prefer cash for their long-term investments, edging out stocks, bonds, gold and real estate, according to a new Bankrate survey of more than 1,000 US adults. Whether it’s in a savings account or a money-market fund, sheltering cash would barely yield any growth given the current low interest rates. A $10,000 investment in a money-market fund today would just gain $110 over a decade, according to Bankrate. (CNN) </div> <div> </div> <div> <strong><img alt="Nawaz Sharif" src="/userfiles/images/Nawaz%20Sharif.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 90px;" />‘We will promote trade, business with India ’ </strong></div> <div> Relations between India and Pakistan should be like that of two neighbours, with the focus being on trade and business, Prime Minister Nawaz Sharif said on Thursday. Sharif made the remarks while interacting with reporters during a rare visit to Karachi, Pakistan’s financial hub. Asked by a journalist about the state of ties with India, he said relations “should be like how relations are between two neighbours”. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-08-05', 'modified' => '0000-00-00', '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' => 'Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse.', 'sortorder' => '1410', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1457', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (22-28 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="China Seen Surpassing US in Superpower Shift" src="/userfiles/images/china.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />China Seen Surpassing US in Superpower Shift </strong></div> <div> A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way. Overall, a majority or plurality of respondents in only six of the countries surveyed believe the U.S. will remain on top. In both the United States and China, an increasing number of respondents agree with this thesis. (Agency) </div> <div> </div> <div> <strong><img alt="Detroit Files for Bankruptcy" src="/userfiles/images/detroit.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 125px; height: 83px;" />Detroit Files for Bankruptcy </strong></div> <div> Detroit, known as the center of US auto industry filed for bankruptcy Thursday, becoming the nation’s largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar. The city faces total liabilities of about $18 billion. (Agency) </div> <div> </div> <div> <strong><img alt="Strauss-Kahn" src="/userfiles/images/Strauss-Kahn.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 85px; height: 110px;" />Strauss-Kahn Joins Rosneft bank </strong></div> <div> Two years after resigned as head of the International Monetary Fund (IMF), Dominique Strauss-Kahn has joined the supervisory board of the bank owned by Russia’s largest oil company, Rosneft, the bank said last Monday.The 64-year-old Frenchman was appointed one of the 11 board members of the Russian Regional Development Bank, a subsidiary of the state oil company, a bank spokeswoman said. Strauss-Kahn resigned from the IMF in 2011 after a New York hotel maid accused him of rape. (The Hindu Business Line) </div> <div> </div> <div> <strong><img alt="Gold" src="/userfiles/images/Gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 89px;" />Gold Up on 2nd Straight Week </strong></div> <div> Gold rose on Friday to notch its second weekly gain after many investors were soothed by the Federal Reserve’s assurance this week that it will be careful in tapering its economic stimulus. The spot price of bullion hovered near $1,295 an ounce and U.S. gold futures for August delivery settled at $1,292.90 an ounce. </div> <div> </div> <div> <strong><img alt="G20" src="/userfiles/images/G20.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 83px;" />G20 Puts Growth Before Austerity </strong></div> <div> The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-22', 'modified' => '2013-07-22', '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' => 'A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way.', 'sortorder' => '1318', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1435', 'article_category_id' => '139', 'title' => 'Nepal & The World News In Brief (15-21 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Gold Posts Biggest Weekly Gain Since 2011" src="/userfiles/images/gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 78px;" /></div> <div> <strong><span style="font-size: 12px;">Gold Posts Biggest Weekly Gain Since 2011</span></strong></div> <div> </div> <div> Gold eased on Friday but notched its biggest weekly advance in nearly two years as fears of an imminent winding down of the U.S. Federal Reserve’s monetary stimulus eased for now. Spot gold remained unchanged at $1,279.90 an ounce. U.S. Comex gold futures for August delivery settled down $2.30 to $1,277.60 an ounce. (Agency)</div> <div> </div> <div> </div> <div> <img alt="US Budget Surplus Highest in 5 years " src="/userfiles/images/usbudget.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 89px;" /></div> <div> <strong>US Budget Surplus Highest in 5 years </strong></div> <div> </div> <div> The US government reported a budget surplus of $116.5bn in June, the most in five years. The improving US economy meant that tax receipts were higher than expected. Also, government spending plunged by 47% due to package of spending cuts and tax increases passed in January, know as the sequester. (www.bbc.com) </div> <div> </div> <div> </div> <div> <img alt="UBS Became the World’s Largest Private Bank " src="/userfiles/images/ubs.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>UBS Became the World’s Largest Private Bank </strong></div> <div> </div> <div> UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year, indicating restored confidence following the financial crisis, according to a study. The Swiss bank displaced Bank of America Corp from the top spot in an annual benchmark compiled by London-based wealth management consultant Scorpio Partnership. (Agency) </div> <div> </div> <div> </div> <div> <img alt="PC Sales See ‘Longest Decline’ in History " src="/userfiles/images/pc.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>PC Sales See ‘Longest Decline’ in History </strong></div> <div> </div> <div> Global personal computer (PC) sales have fallen for the fifth quarter in a row, making it the “longest duration of decline” in history. Worldwide PC shipments totalled 76 million units in the second quarter, a 10.9% drop from a year earlier, according to research firm Gartner. (The Economic Times) </div> <div> </div> <div> </div> <div> <img alt="95 Chinese Firms in Fortune Global 500 List " src="/userfiles/images/forune.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 125px;" /></div> <div> <strong>95 Chinese Firms in Fortune Global 500 List </strong></div> <div> </div> <div> The newly released Fortune Global 500 list includes 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement. The number of Chinese companies on the list is second only to the US, which has 132 entries. Six firms from Taiwan also made it to the list published by the Fortune magazine, ranking the companies according to their revenue. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-16', 'modified' => '2013-07-16', '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' => 'Gold Posts Biggest Weekly Gain Since 2011', 'sortorder' => '1297', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1338', 'article_category_id' => '139', 'title' => 'Gold Price Slides', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Gold tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year. The spot price of bullion dropped by as much as 3.3 percent to a session low of $1,207.50 an ounce. U.S. gold futures for August settled down 3.1 percent at 1,212.70 an ounce. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying..', 'sortorder' => '1200', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1337', 'article_category_id' => '139', 'title' => 'US Posts Upbeat Jobs Data', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">US employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.The Labor Department said Friday that the economy also added 20,000 more jobs in May and 50,000 more in April than initially reported. The unemployment rate stayed at 7.6 percent, but for a good reason: More people started looking for work. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated.', 'sortorder' => '1199', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1336', 'article_category_id' => '139', 'title' => 'WB Hopes To Continue Egypt Programs', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">The World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader, bank president Jim Yong Kim told reporters on Thursday during a visit to Chile.The bank, which Kim said has a $4.7 billion loan program for Egypt, is still trying to understand the situation in the country, he added. (Agency)</span></p>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader', 'sortorder' => '1198', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1335', 'article_category_id' => '139', 'title' => 'Former Olympus Executives Sentenced', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal. Former chairman Tsuyoshi Kikukawa and executives Hisashi Mori and Hideo Yamada pleaded guilty last year to charges of falsifying accounts to cover up losses of $1.7bn (£1.1bn).Mr Kikukawa and Mr Yamada were given three-year sentences and Mr Mori a two-and-a-half-year sentence. (BBC)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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' => 'Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal.', 'sortorder' => '1197', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The government has directed the Privatisation Commission to immediately start the process of selling 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26 per cent shares along with management control, to the private sector, the Dawn reported. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US Set to be Top Energy Producer in 2013</strong></span></div> <div> The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.</div> <div> </div> <div> <span style="font-size:14px;"><strong>ADB Cuts Asia Growth Forecasts </strong></span></div> <div> The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back US stimulus that destabilized financial markets.The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Airlines Fill Record Number of Seats : IATA</strong></span></div> <div> World airline traffic expanded by 6.8 percent in August, enabling the industry to match an all-time record of 83.4 percent of seats filled, the International Air Transport Association (IATA) said on Wednesday. “August was a positive month for passenger travel,” IATA chief Tony Tyler said in a statement, pointing out that the overall passenger load factor, or percentage of seats filled, matched a record set in July 2011. </div> <div> </div> <div> <span style="font-size:14px;"><strong>German Unemployment in Surprise Increase</strong></span></div> <div> The number of people out of work in Germany unexpectedly rose by a seasonally adjusted 25,000 in September to just under three million. Analysts had penciled in a fall of 5,000, after a rise of 9,000 in August.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-08', '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 United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.', 'sortorder' => '1783', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1878', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (30 September - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Japan Inflation Hits 5 Year-High </strong></span></div> <div> Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US House Defies Obama on Funding Bill </strong></span></div> <div> The House approved a spending bill early Sunday morning that would fund the government through Dec. 15, but tacked on amendments that would delay the federal health care law known as Obamacare for one year and repeal the medical device tax, a move that sets up a showdown with Senate Democrats and increases the probability of a government shutdown Tuesday.</div> <div> </div> <div> <span style="font-size:14px;"><strong>UK Moves to Block Bankers’ Bonus Cap</strong></span></div> <div> A plan to cap bankers’ bonuses will be tested in Europe’s top court after the U.K. government challenged the measure, claiming it would increase financial risks rather than reduce them.EU policymakers are hoping to limit bonuses for any banker earning more than 500,000 euros a year. The maximum payout would be equal to annual salary or twice salary if a majority of shareholders approve.</div> <div> </div> <div> <span style="font-size:14px;"><strong>India Current Account Gap Seen Widening </strong></span></div> <div> India’s current account deficit, which hit a record high in the last fiscal year, is expected to rise in the June quarter from the previous three-month period before easing due to sharp fall in gold imports and improving exports. Five economists predicted the June quarter current account deficit (CAD) would rise to $23-25 billion, or 4.8-5.4 percent of gross domestic production (GDP), from $18.1 billion, or 3.6 percent, in the March quarter.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Switzerland Leads in Global Energy Ranking</strong></span></div> <div> Switzerland and a handful of countries in Europe led the way in a global ranking of energy efficiency, access to resources and environmental sustainability. China ranked 78th and the United States was 15th, according to the report by the World Energy Council, a London-based group that promotes sustainable power. Canada came in sixth and France was 10th, while the worst showing of all 129 countries was made by Zimbabwe. </div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '0000-00-00', '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' => 'Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains.', 'sortorder' => '1739', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1810', 'article_category_id' => '139', 'title' => 'Nepal And The World Brief (16 - 22 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Obama to Nominate Summers as Fed Chief </strong></span></div> <div> US President Barack Obama will name former Treasury Secretary Lawrence “Larry” Summers as chairman of the Federal Reserve Board,Japan’s Nikkei newspaper said on Friday. The newspaper, quoting unnamed sources, said that Obama was “in the final stages” and moving toward naming Summers. Debate in Washington has focused on whether Obama will pick Summers or Fed Vice Chair Janet Yellen to succeed Ben Bernanke, whose term as head of the U.S. central bank expires in January. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Growth in G-20 Countries Accelerates</strong></span></div> <div> Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 percent from 0.6 percent in the previous three month period, the OECD said last Thursday. Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 percent, said the Organisation for Economic Cooperation and Development. </div> <div> </div> <div> <span style="font-size:14px;"><strong>China’s New Richest Man Worth $22 bn</strong></span></div> <div> China’s new richest man -- real estate and hotel king Wang Jianlin -- is now worth $22 billion, up from $10.3 billion in 2012, according to the latest Wealth Report from the Hurun Research Institute and marketing firm GroupM Knowledge. Wang easily ousted China’s former No. 1, Zong Qinghou, who is now No. 2 with a net worth of $18.7 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Plan for EU Financial Tax Found to be Illegal</strong></span></div> <div> Legal advisers have cautioned 11 EU Governments that a proposal they are considering for a tax on financial transactions is illegal. The legal service that advises EU member states found that the suggested approach on which companies should be taxed is “discriminatory,” will probably distort competition, violates EU law and “exceeds member states’ jurisdiction for taxation,” according to a copy of the opinion published last week.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Australian Unemployment Highest in 4 Years</strong></span></div> <div> Australia’s jobless rate edged up to 5.8 percent in August, a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the mining investment boom unwinds. The Australian Bureau of Statistics said the seasonally adjusted rate -- up from 5.7 percent in July -- the highest since August 2009.</div>', 'published' => true, 'created' => '2013-09-16', 'modified' => '0000-00-00', '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' => '', 'sortorder' => '1671', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1727', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="US GDP" src="/userfiles/images/gdp(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />US GDP Accelerates Sharply </span></strong></div> <div> The U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program. Gross domestic product grew at a 2.5 percent annual rate, according to revised estimates for the period that were released by the Commerce Department on Thursday. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Oil " src="/userfiles/images/coil.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Oil Giant Sinopec Buys into Egypt for $3.1 bln</span></strong></div> <div> Chinese oil giant Sinopec will pay $3.1 billion for a one-third stake in the Egyptian oil and gas business of US firm Apache Corp. it said on Friday, as China builds up its access to global energy reserves. The deal, which is still subject to regulatory approval, marks Sinopec’s first entry into Egypt’s upstream oil and gas sector, according to a company statement.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Drops Below $1,400" src="/userfiles/images/gold(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Gold Drops Below $1,400</span></strong></div> <div> Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Spot gold eased 0.93 percent to $1,394.51 an ounce by after slipping to a session low of $1,392.06 an ounce. U.S. December gold futures lost $18.10 an ounce to $1,394.8 an ounce, down 1.28 percent.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="BRICS Agree" src="/userfiles/images/bricks.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />BRICS Agree Capital Structure for Development Bank </span></strong></div> <div> The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, a newspaper reported. Officials from Brazil, China, India, Russia and South Africa agreed to set up the bank with a total capital of $50 billion, shared equally among them, it quoted an unnamed senior Indian government official as saying. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Samsung" src="/userfiles/images/samsung(5).jpg" style="float: left; margin: 0px 10px 0px 0px;height: 66px; width: 100px;" />Samsung Emerges as the Top supply chain Company in Asia Pacific</span></strong></div> <div> Korean electronics major Samsung has been ranked at the top in IT research firm Gartner’s list of 25 major performing supply chain organisations in Asia Pacific region. Chinese PC and mobile devices maker Lenovo bagged the second position, backed by impressive revenue growth and inventory turns, Gartner said. </div>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', '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 U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program.', 'sortorder' => '1588', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1692', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (26 August - 1 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Brazil Unveils $60bn Currency Move" src="/userfiles/images/brzl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />Brazil Unveils $60bn Currency Move</span></strong></div> <div> Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency. It comes as the Brazilian real nears a five-year low against the US dollar. The real and other emerging market currencies have fallen steadily over the last three months on speculation of higher US interest rates. The central bank said it would spend $500m a day on Mondays to Thursdays and $1bn on Fridays buying reais in the currency markets.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Eurozone growth hits 26-month high" src="/userfiles/images/eur.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 74px;" />Eurozone growth hits 26-month high</span></strong></div> <div> Eurozone business activity grew at its fastest pace for 26 months in August, according to a closely-watched survey. The Markit composite purchasing managers’ index - which includes manufacturing and services - rose to 51.7 points, from 50.5 in July. A number higher than 50 indicates growth.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Price Up on Poor US Home Sales" src="/userfiles/images/gold(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Gold Price Up on Poor US Home Sales</span></strong></div> <div> Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. For the week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1,180 an ounce on June 28.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="IMF Cautions Against Withdrawing Stimulus" src="/userfiles/images/imf.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 77px;" />IMF Cautions Against Withdrawing Stimulus</span></strong></div> <div> International Monetary Fund (IMF) chief Christine Lagarde has cautioned the countries across the world against withdrawal of stimulus or unconventional monetary policies (UMPs). Lagarde on Friday asserted that the stimulus helped support economic stability at both domestic and global level. Early in the crisis, the UMPs helped prevent a collapse of the financial system and a collapse of activity, she said.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Sri Lanka Trade Deficit Widens " src="/userfiles/images/slt(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />Sri Lanka Trade Deficit Widens </span></strong></div> <div> Sri Lanka’s trade deficit widened 25 percent to $829.1 million in June from $663.2 million a year earlier, central bank data showed on Thursday. Both imports and exports reversed their declining trend. The central bank’s tight monetary policy measures and a flexible exchange rate, adopted early last year to curb trade and current account deficits, have resulted in sluggish external trade since the second quarter of 2012.</div>', 'published' => true, 'created' => '2013-08-26', 'modified' => '0000-00-00', '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' => 'Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency.', 'sortorder' => '1553', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1641', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="India Inflation" src="/userfiles/images/inflation.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />India Inflation Rate Rises </span></strong></div> <div> India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs. India’s main gauge of inflation, the Wholesale Price Index, rose 5.79 per cent from a year earlier, up from 4.86 per cent in June. The Indian rupee has fallen 10 per cent against the US dollar this year. Policymakers have taken various steps in recent days to try and stem the rupee’s decline. Analysts said the latest data may see the central bank unveil further measures. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Eurozone" src="/userfiles/images/eurozone.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Eurozone Exits Recession </span></strong></div> <div> Stronger growth in the euro zone’s two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter, confirming expectations that a fragile recovery was under way. The 17 countries sharing the euro needed seven quarters to return to a growth rate of 0.3 per cent, on a seasonally adjusted basis in the three months to June, data from the European Union’s statistics office Eurostat showed. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="us jobs" src="/userfiles/images/jobs(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 78px;" />New US Jobless Claims Fall to 6 Year Low</span></strong></div> <div> New claims for US unemployment insurance benefits fell last week to their lowest level in six years, a fresh sign of labour market tightening, the Labour Department said Thursday. Initial jobless claims totaled 320,000 in the week ending August 10, compared to 335,000 the previous week. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Boeing" src="/userfiles/images/boeing.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />Boeing to Probe New Dreamliner Fault</span></strong></div> <div> Boeing has said that it will investigate the wiring defect that was found in a fire extinguisher system on three of its 787 Dreamliner jets. The fault was found on jets operated by Japan’s All Nippon Airways (ANA). After ANA reported the fault on Wednesday, rival Japan Airlines turned back a 787 plane travelling to Helsinki from Tokyo to check the wiring.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Mints" src="/userfiles/images/china(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 100px;" />China Mints Fewer Millionaires Amid Slowdown</span></strong></div> <div> The number of new Chinese millionaires grew by only 3 per cent in 2012, the slowest pace in five years, according to a new report from Hurun Research Institute and marketing firm Group M Knowledge. Just more than 1 million Chinese are now able to call themselves millionaires. Of those, 184,000 live in Beijing, while 172,000 are in Guangdong and 147,000 reside in Shanghai.</div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', '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' => 'India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs.', 'sortorder' => '1502', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1597', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Japan’s Debt Exceeds 1 Quadrillion Yen" src="/userfiles/images/japan.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 60px;" />Japan’s Debt Exceeds 1 Quadrillion Yen </strong></div> <div> Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances. The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen ($10.46 trillion) as of June 30, up 1.7 percent from three months earlier, the finance ministry said. <em>(Bloomberg)</em></div> <div> </div> <div> <strong><img alt="‘US Shale Oil Threatens OPEC’s Future’" src="/userfiles/images/us%20shale.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 66px;" />‘US Shale Oil Threatens OPEC’s Future’</strong></div> <div> The rise of North American oil supplies could test the future of OPEC which may have to curb supply to accommodate rising shale oil volumes, a new report has found. The increase in U.S. output is a “defining feature of tomorrow’s market” according to International Energy Agency’s oil market report and could test the producer group’s share of the global oil market. <em>(Agency)</em></div> <div> </div> <div> <strong><img alt="China Posts Solid Factory Data" src="/userfiles/images/china%20post.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Posts Solid Factory Data</strong></div> <div> China’s economy could be stabilising, the latest set of economic figures from the country has suggested. Factory output in July rose 9.7% compared with a year ago, ahead of expectations and up from the previous month’s figure of 8.9%.<em> (BBC)</em></div> <div> </div> <div> </div> <div> <strong><img alt="Indian Parliament" src="/userfiles/images/indian%20parliament.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 68px;" />Indian Parliament Passes New Companies Bill</strong></div> <div> The Upper house of Indian parliament, the Rajya Sabha on Thursday passed the Companies Bill, which seeks to improve transparency and accountability in the companies, encourages self-regulation and makes contribution of 2% of profits toward corporate social responsibility (CSR) mandatory, among other changes. <em>(The Economic Times)</em></div> <div> </div> <div> <strong><img alt="US jobless claims at 6-year low " src="/userfiles/images/us%20jobbless.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />US jobless claims at 6-year low </strong></div> <div> Americans who have a job may take comfort in knowing that companies are laying off fewer people than at any time since before the Great Recession. Applications for U.S. unemployment benefits over the past four weeks dropped to a seasonally adjusted 335,500, the Labor Department said Thursday. That’s the lowest level since November 2007, which was one month before the recession began. <em>(Agency)</em></div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', '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' => 'Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances.', 'sortorder' => '1458', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1549', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (5-11 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Australia Unveils Levy on Bank Deposits" src="/userfiles/images/Australia%20Unveils.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Australia Unveils Levy on Bank Deposits </strong></div> <div> Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse. Deposits up to A$250,000 will have to pay a levy of 0.05% from January 2016. It will be imposed on banks and not account holders. (BBC) </div> <div> </div> <div> </div> <div> <strong><img alt="EADS to be Rebranded as Airbus " src="/userfiles/images/EADS.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 51px;" />EADS to be Rebranded as Airbus </strong></div> <div> EADS, the parent company of Airbus, says it is to rename itself after its commercial plane-making subsidiary. It will be called Airbus Group and have three divisions; commercial aircraft, defence and space, and helicopters. Implementation of the change will start in January and is set to be completed in the second half of 2014. (Agency) </div> <div> </div> <div> <strong><img alt="India Eases FDI Rules in Retail Sector " src="/userfiles/images/India%20Eases%20FDI%20Rules.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />India Eases FDI Rules in Retail Sector </strong></div> <div> India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of cities have been relaxed. (Agency) </div> <div> </div> <div> </div> <div> <strong><img alt="Americans Favor Cash " src="/userfiles/images/Americans%20Favor%20Cash.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 58px;" />Americans Favor Cash for Long-Term Investments </strong></div> <div> 26 per cent of Americans prefer cash for their long-term investments, edging out stocks, bonds, gold and real estate, according to a new Bankrate survey of more than 1,000 US adults. Whether it’s in a savings account or a money-market fund, sheltering cash would barely yield any growth given the current low interest rates. A $10,000 investment in a money-market fund today would just gain $110 over a decade, according to Bankrate. (CNN) </div> <div> </div> <div> <strong><img alt="Nawaz Sharif" src="/userfiles/images/Nawaz%20Sharif.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 90px;" />‘We will promote trade, business with India ’ </strong></div> <div> Relations between India and Pakistan should be like that of two neighbours, with the focus being on trade and business, Prime Minister Nawaz Sharif said on Thursday. Sharif made the remarks while interacting with reporters during a rare visit to Karachi, Pakistan’s financial hub. Asked by a journalist about the state of ties with India, he said relations “should be like how relations are between two neighbours”. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-08-05', 'modified' => '0000-00-00', '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' => 'Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse.', 'sortorder' => '1410', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1457', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (22-28 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="China Seen Surpassing US in Superpower Shift" src="/userfiles/images/china.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />China Seen Surpassing US in Superpower Shift </strong></div> <div> A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way. Overall, a majority or plurality of respondents in only six of the countries surveyed believe the U.S. will remain on top. In both the United States and China, an increasing number of respondents agree with this thesis. (Agency) </div> <div> </div> <div> <strong><img alt="Detroit Files for Bankruptcy" src="/userfiles/images/detroit.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 125px; height: 83px;" />Detroit Files for Bankruptcy </strong></div> <div> Detroit, known as the center of US auto industry filed for bankruptcy Thursday, becoming the nation’s largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar. The city faces total liabilities of about $18 billion. (Agency) </div> <div> </div> <div> <strong><img alt="Strauss-Kahn" src="/userfiles/images/Strauss-Kahn.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 85px; height: 110px;" />Strauss-Kahn Joins Rosneft bank </strong></div> <div> Two years after resigned as head of the International Monetary Fund (IMF), Dominique Strauss-Kahn has joined the supervisory board of the bank owned by Russia’s largest oil company, Rosneft, the bank said last Monday.The 64-year-old Frenchman was appointed one of the 11 board members of the Russian Regional Development Bank, a subsidiary of the state oil company, a bank spokeswoman said. Strauss-Kahn resigned from the IMF in 2011 after a New York hotel maid accused him of rape. (The Hindu Business Line) </div> <div> </div> <div> <strong><img alt="Gold" src="/userfiles/images/Gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 89px;" />Gold Up on 2nd Straight Week </strong></div> <div> Gold rose on Friday to notch its second weekly gain after many investors were soothed by the Federal Reserve’s assurance this week that it will be careful in tapering its economic stimulus. The spot price of bullion hovered near $1,295 an ounce and U.S. gold futures for August delivery settled at $1,292.90 an ounce. </div> <div> </div> <div> <strong><img alt="G20" src="/userfiles/images/G20.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 83px;" />G20 Puts Growth Before Austerity </strong></div> <div> The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-22', 'modified' => '2013-07-22', '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' => 'A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way.', 'sortorder' => '1318', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1435', 'article_category_id' => '139', 'title' => 'Nepal & The World News In Brief (15-21 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Gold Posts Biggest Weekly Gain Since 2011" src="/userfiles/images/gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 78px;" /></div> <div> <strong><span style="font-size: 12px;">Gold Posts Biggest Weekly Gain Since 2011</span></strong></div> <div> </div> <div> Gold eased on Friday but notched its biggest weekly advance in nearly two years as fears of an imminent winding down of the U.S. Federal Reserve’s monetary stimulus eased for now. Spot gold remained unchanged at $1,279.90 an ounce. U.S. Comex gold futures for August delivery settled down $2.30 to $1,277.60 an ounce. (Agency)</div> <div> </div> <div> </div> <div> <img alt="US Budget Surplus Highest in 5 years " src="/userfiles/images/usbudget.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 89px;" /></div> <div> <strong>US Budget Surplus Highest in 5 years </strong></div> <div> </div> <div> The US government reported a budget surplus of $116.5bn in June, the most in five years. The improving US economy meant that tax receipts were higher than expected. Also, government spending plunged by 47% due to package of spending cuts and tax increases passed in January, know as the sequester. (www.bbc.com) </div> <div> </div> <div> </div> <div> <img alt="UBS Became the World’s Largest Private Bank " src="/userfiles/images/ubs.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>UBS Became the World’s Largest Private Bank </strong></div> <div> </div> <div> UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year, indicating restored confidence following the financial crisis, according to a study. The Swiss bank displaced Bank of America Corp from the top spot in an annual benchmark compiled by London-based wealth management consultant Scorpio Partnership. (Agency) </div> <div> </div> <div> </div> <div> <img alt="PC Sales See ‘Longest Decline’ in History " src="/userfiles/images/pc.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>PC Sales See ‘Longest Decline’ in History </strong></div> <div> </div> <div> Global personal computer (PC) sales have fallen for the fifth quarter in a row, making it the “longest duration of decline” in history. Worldwide PC shipments totalled 76 million units in the second quarter, a 10.9% drop from a year earlier, according to research firm Gartner. (The Economic Times) </div> <div> </div> <div> </div> <div> <img alt="95 Chinese Firms in Fortune Global 500 List " src="/userfiles/images/forune.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 125px;" /></div> <div> <strong>95 Chinese Firms in Fortune Global 500 List </strong></div> <div> </div> <div> The newly released Fortune Global 500 list includes 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement. The number of Chinese companies on the list is second only to the US, which has 132 entries. Six firms from Taiwan also made it to the list published by the Fortune magazine, ranking the companies according to their revenue. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-16', 'modified' => '2013-07-16', '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' => 'Gold Posts Biggest Weekly Gain Since 2011', 'sortorder' => '1297', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1338', 'article_category_id' => '139', 'title' => 'Gold Price Slides', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Gold tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year. The spot price of bullion dropped by as much as 3.3 percent to a session low of $1,207.50 an ounce. U.S. gold futures for August settled down 3.1 percent at 1,212.70 an ounce. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying..', 'sortorder' => '1200', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1337', 'article_category_id' => '139', 'title' => 'US Posts Upbeat Jobs Data', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">US employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.The Labor Department said Friday that the economy also added 20,000 more jobs in May and 50,000 more in April than initially reported. The unemployment rate stayed at 7.6 percent, but for a good reason: More people started looking for work. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated.', 'sortorder' => '1199', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1336', 'article_category_id' => '139', 'title' => 'WB Hopes To Continue Egypt Programs', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">The World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader, bank president Jim Yong Kim told reporters on Thursday during a visit to Chile.The bank, which Kim said has a $4.7 billion loan program for Egypt, is still trying to understand the situation in the country, he added. (Agency)</span></p>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader', 'sortorder' => '1198', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1335', 'article_category_id' => '139', 'title' => 'Former Olympus Executives Sentenced', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal. Former chairman Tsuyoshi Kikukawa and executives Hisashi Mori and Hideo Yamada pleaded guilty last year to charges of falsifying accounts to cover up losses of $1.7bn (£1.1bn).Mr Kikukawa and Mr Yamada were given three-year sentences and Mr Mori a two-and-a-half-year sentence. (BBC)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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' => 'Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal.', 'sortorder' => '1197', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The government has directed the Privatisation Commission to immediately start the process of selling 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26 per cent shares along with management control, to the private sector, the Dawn reported. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US Set to be Top Energy Producer in 2013</strong></span></div> <div> The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.</div> <div> </div> <div> <span style="font-size:14px;"><strong>ADB Cuts Asia Growth Forecasts </strong></span></div> <div> The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back US stimulus that destabilized financial markets.The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Airlines Fill Record Number of Seats : IATA</strong></span></div> <div> World airline traffic expanded by 6.8 percent in August, enabling the industry to match an all-time record of 83.4 percent of seats filled, the International Air Transport Association (IATA) said on Wednesday. “August was a positive month for passenger travel,” IATA chief Tony Tyler said in a statement, pointing out that the overall passenger load factor, or percentage of seats filled, matched a record set in July 2011. </div> <div> </div> <div> <span style="font-size:14px;"><strong>German Unemployment in Surprise Increase</strong></span></div> <div> The number of people out of work in Germany unexpectedly rose by a seasonally adjusted 25,000 in September to just under three million. Analysts had penciled in a fall of 5,000, after a rise of 9,000 in August.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-08', '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 United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.', 'sortorder' => '1783', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1878', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (30 September - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Japan Inflation Hits 5 Year-High </strong></span></div> <div> Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US House Defies Obama on Funding Bill </strong></span></div> <div> The House approved a spending bill early Sunday morning that would fund the government through Dec. 15, but tacked on amendments that would delay the federal health care law known as Obamacare for one year and repeal the medical device tax, a move that sets up a showdown with Senate Democrats and increases the probability of a government shutdown Tuesday.</div> <div> </div> <div> <span style="font-size:14px;"><strong>UK Moves to Block Bankers’ Bonus Cap</strong></span></div> <div> A plan to cap bankers’ bonuses will be tested in Europe’s top court after the U.K. government challenged the measure, claiming it would increase financial risks rather than reduce them.EU policymakers are hoping to limit bonuses for any banker earning more than 500,000 euros a year. The maximum payout would be equal to annual salary or twice salary if a majority of shareholders approve.</div> <div> </div> <div> <span style="font-size:14px;"><strong>India Current Account Gap Seen Widening </strong></span></div> <div> India’s current account deficit, which hit a record high in the last fiscal year, is expected to rise in the June quarter from the previous three-month period before easing due to sharp fall in gold imports and improving exports. Five economists predicted the June quarter current account deficit (CAD) would rise to $23-25 billion, or 4.8-5.4 percent of gross domestic production (GDP), from $18.1 billion, or 3.6 percent, in the March quarter.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Switzerland Leads in Global Energy Ranking</strong></span></div> <div> Switzerland and a handful of countries in Europe led the way in a global ranking of energy efficiency, access to resources and environmental sustainability. China ranked 78th and the United States was 15th, according to the report by the World Energy Council, a London-based group that promotes sustainable power. Canada came in sixth and France was 10th, while the worst showing of all 129 countries was made by Zimbabwe. </div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '0000-00-00', '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' => 'Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains.', 'sortorder' => '1739', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1810', 'article_category_id' => '139', 'title' => 'Nepal And The World Brief (16 - 22 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Obama to Nominate Summers as Fed Chief </strong></span></div> <div> US President Barack Obama will name former Treasury Secretary Lawrence “Larry” Summers as chairman of the Federal Reserve Board,Japan’s Nikkei newspaper said on Friday. The newspaper, quoting unnamed sources, said that Obama was “in the final stages” and moving toward naming Summers. Debate in Washington has focused on whether Obama will pick Summers or Fed Vice Chair Janet Yellen to succeed Ben Bernanke, whose term as head of the U.S. central bank expires in January. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Growth in G-20 Countries Accelerates</strong></span></div> <div> Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 percent from 0.6 percent in the previous three month period, the OECD said last Thursday. Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 percent, said the Organisation for Economic Cooperation and Development. </div> <div> </div> <div> <span style="font-size:14px;"><strong>China’s New Richest Man Worth $22 bn</strong></span></div> <div> China’s new richest man -- real estate and hotel king Wang Jianlin -- is now worth $22 billion, up from $10.3 billion in 2012, according to the latest Wealth Report from the Hurun Research Institute and marketing firm GroupM Knowledge. Wang easily ousted China’s former No. 1, Zong Qinghou, who is now No. 2 with a net worth of $18.7 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Plan for EU Financial Tax Found to be Illegal</strong></span></div> <div> Legal advisers have cautioned 11 EU Governments that a proposal they are considering for a tax on financial transactions is illegal. The legal service that advises EU member states found that the suggested approach on which companies should be taxed is “discriminatory,” will probably distort competition, violates EU law and “exceeds member states’ jurisdiction for taxation,” according to a copy of the opinion published last week.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Australian Unemployment Highest in 4 Years</strong></span></div> <div> Australia’s jobless rate edged up to 5.8 percent in August, a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the mining investment boom unwinds. The Australian Bureau of Statistics said the seasonally adjusted rate -- up from 5.7 percent in July -- the highest since August 2009.</div>', 'published' => true, 'created' => '2013-09-16', 'modified' => '0000-00-00', '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' => '', 'sortorder' => '1671', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1727', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="US GDP" src="/userfiles/images/gdp(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />US GDP Accelerates Sharply </span></strong></div> <div> The U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program. Gross domestic product grew at a 2.5 percent annual rate, according to revised estimates for the period that were released by the Commerce Department on Thursday. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Oil " src="/userfiles/images/coil.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Oil Giant Sinopec Buys into Egypt for $3.1 bln</span></strong></div> <div> Chinese oil giant Sinopec will pay $3.1 billion for a one-third stake in the Egyptian oil and gas business of US firm Apache Corp. it said on Friday, as China builds up its access to global energy reserves. The deal, which is still subject to regulatory approval, marks Sinopec’s first entry into Egypt’s upstream oil and gas sector, according to a company statement.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Drops Below $1,400" src="/userfiles/images/gold(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Gold Drops Below $1,400</span></strong></div> <div> Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Spot gold eased 0.93 percent to $1,394.51 an ounce by after slipping to a session low of $1,392.06 an ounce. U.S. December gold futures lost $18.10 an ounce to $1,394.8 an ounce, down 1.28 percent.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="BRICS Agree" src="/userfiles/images/bricks.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />BRICS Agree Capital Structure for Development Bank </span></strong></div> <div> The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, a newspaper reported. Officials from Brazil, China, India, Russia and South Africa agreed to set up the bank with a total capital of $50 billion, shared equally among them, it quoted an unnamed senior Indian government official as saying. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Samsung" src="/userfiles/images/samsung(5).jpg" style="float: left; margin: 0px 10px 0px 0px;height: 66px; width: 100px;" />Samsung Emerges as the Top supply chain Company in Asia Pacific</span></strong></div> <div> Korean electronics major Samsung has been ranked at the top in IT research firm Gartner’s list of 25 major performing supply chain organisations in Asia Pacific region. Chinese PC and mobile devices maker Lenovo bagged the second position, backed by impressive revenue growth and inventory turns, Gartner said. </div>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', '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 U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program.', 'sortorder' => '1588', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1692', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (26 August - 1 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Brazil Unveils $60bn Currency Move" src="/userfiles/images/brzl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />Brazil Unveils $60bn Currency Move</span></strong></div> <div> Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency. It comes as the Brazilian real nears a five-year low against the US dollar. The real and other emerging market currencies have fallen steadily over the last three months on speculation of higher US interest rates. The central bank said it would spend $500m a day on Mondays to Thursdays and $1bn on Fridays buying reais in the currency markets.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Eurozone growth hits 26-month high" src="/userfiles/images/eur.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 74px;" />Eurozone growth hits 26-month high</span></strong></div> <div> Eurozone business activity grew at its fastest pace for 26 months in August, according to a closely-watched survey. The Markit composite purchasing managers’ index - which includes manufacturing and services - rose to 51.7 points, from 50.5 in July. A number higher than 50 indicates growth.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Price Up on Poor US Home Sales" src="/userfiles/images/gold(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Gold Price Up on Poor US Home Sales</span></strong></div> <div> Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. For the week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1,180 an ounce on June 28.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="IMF Cautions Against Withdrawing Stimulus" src="/userfiles/images/imf.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 77px;" />IMF Cautions Against Withdrawing Stimulus</span></strong></div> <div> International Monetary Fund (IMF) chief Christine Lagarde has cautioned the countries across the world against withdrawal of stimulus or unconventional monetary policies (UMPs). Lagarde on Friday asserted that the stimulus helped support economic stability at both domestic and global level. Early in the crisis, the UMPs helped prevent a collapse of the financial system and a collapse of activity, she said.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Sri Lanka Trade Deficit Widens " src="/userfiles/images/slt(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />Sri Lanka Trade Deficit Widens </span></strong></div> <div> Sri Lanka’s trade deficit widened 25 percent to $829.1 million in June from $663.2 million a year earlier, central bank data showed on Thursday. Both imports and exports reversed their declining trend. The central bank’s tight monetary policy measures and a flexible exchange rate, adopted early last year to curb trade and current account deficits, have resulted in sluggish external trade since the second quarter of 2012.</div>', 'published' => true, 'created' => '2013-08-26', 'modified' => '0000-00-00', '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' => 'Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency.', 'sortorder' => '1553', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1641', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="India Inflation" src="/userfiles/images/inflation.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />India Inflation Rate Rises </span></strong></div> <div> India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs. India’s main gauge of inflation, the Wholesale Price Index, rose 5.79 per cent from a year earlier, up from 4.86 per cent in June. The Indian rupee has fallen 10 per cent against the US dollar this year. Policymakers have taken various steps in recent days to try and stem the rupee’s decline. Analysts said the latest data may see the central bank unveil further measures. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Eurozone" src="/userfiles/images/eurozone.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Eurozone Exits Recession </span></strong></div> <div> Stronger growth in the euro zone’s two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter, confirming expectations that a fragile recovery was under way. The 17 countries sharing the euro needed seven quarters to return to a growth rate of 0.3 per cent, on a seasonally adjusted basis in the three months to June, data from the European Union’s statistics office Eurostat showed. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="us jobs" src="/userfiles/images/jobs(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 78px;" />New US Jobless Claims Fall to 6 Year Low</span></strong></div> <div> New claims for US unemployment insurance benefits fell last week to their lowest level in six years, a fresh sign of labour market tightening, the Labour Department said Thursday. Initial jobless claims totaled 320,000 in the week ending August 10, compared to 335,000 the previous week. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Boeing" src="/userfiles/images/boeing.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />Boeing to Probe New Dreamliner Fault</span></strong></div> <div> Boeing has said that it will investigate the wiring defect that was found in a fire extinguisher system on three of its 787 Dreamliner jets. The fault was found on jets operated by Japan’s All Nippon Airways (ANA). After ANA reported the fault on Wednesday, rival Japan Airlines turned back a 787 plane travelling to Helsinki from Tokyo to check the wiring.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Mints" src="/userfiles/images/china(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 100px;" />China Mints Fewer Millionaires Amid Slowdown</span></strong></div> <div> The number of new Chinese millionaires grew by only 3 per cent in 2012, the slowest pace in five years, according to a new report from Hurun Research Institute and marketing firm Group M Knowledge. Just more than 1 million Chinese are now able to call themselves millionaires. Of those, 184,000 live in Beijing, while 172,000 are in Guangdong and 147,000 reside in Shanghai.</div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', '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' => 'India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs.', 'sortorder' => '1502', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1597', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Japan’s Debt Exceeds 1 Quadrillion Yen" src="/userfiles/images/japan.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 60px;" />Japan’s Debt Exceeds 1 Quadrillion Yen </strong></div> <div> Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances. The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen ($10.46 trillion) as of June 30, up 1.7 percent from three months earlier, the finance ministry said. <em>(Bloomberg)</em></div> <div> </div> <div> <strong><img alt="‘US Shale Oil Threatens OPEC’s Future’" src="/userfiles/images/us%20shale.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 66px;" />‘US Shale Oil Threatens OPEC’s Future’</strong></div> <div> The rise of North American oil supplies could test the future of OPEC which may have to curb supply to accommodate rising shale oil volumes, a new report has found. The increase in U.S. output is a “defining feature of tomorrow’s market” according to International Energy Agency’s oil market report and could test the producer group’s share of the global oil market. <em>(Agency)</em></div> <div> </div> <div> <strong><img alt="China Posts Solid Factory Data" src="/userfiles/images/china%20post.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Posts Solid Factory Data</strong></div> <div> China’s economy could be stabilising, the latest set of economic figures from the country has suggested. Factory output in July rose 9.7% compared with a year ago, ahead of expectations and up from the previous month’s figure of 8.9%.<em> (BBC)</em></div> <div> </div> <div> </div> <div> <strong><img alt="Indian Parliament" src="/userfiles/images/indian%20parliament.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 68px;" />Indian Parliament Passes New Companies Bill</strong></div> <div> The Upper house of Indian parliament, the Rajya Sabha on Thursday passed the Companies Bill, which seeks to improve transparency and accountability in the companies, encourages self-regulation and makes contribution of 2% of profits toward corporate social responsibility (CSR) mandatory, among other changes. <em>(The Economic Times)</em></div> <div> </div> <div> <strong><img alt="US jobless claims at 6-year low " src="/userfiles/images/us%20jobbless.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />US jobless claims at 6-year low </strong></div> <div> Americans who have a job may take comfort in knowing that companies are laying off fewer people than at any time since before the Great Recession. Applications for U.S. unemployment benefits over the past four weeks dropped to a seasonally adjusted 335,500, the Labor Department said Thursday. That’s the lowest level since November 2007, which was one month before the recession began. <em>(Agency)</em></div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', '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' => 'Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances.', 'sortorder' => '1458', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1549', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (5-11 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Australia Unveils Levy on Bank Deposits" src="/userfiles/images/Australia%20Unveils.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Australia Unveils Levy on Bank Deposits </strong></div> <div> Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse. Deposits up to A$250,000 will have to pay a levy of 0.05% from January 2016. It will be imposed on banks and not account holders. (BBC) </div> <div> </div> <div> </div> <div> <strong><img alt="EADS to be Rebranded as Airbus " src="/userfiles/images/EADS.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 51px;" />EADS to be Rebranded as Airbus </strong></div> <div> EADS, the parent company of Airbus, says it is to rename itself after its commercial plane-making subsidiary. It will be called Airbus Group and have three divisions; commercial aircraft, defence and space, and helicopters. Implementation of the change will start in January and is set to be completed in the second half of 2014. (Agency) </div> <div> </div> <div> <strong><img alt="India Eases FDI Rules in Retail Sector " src="/userfiles/images/India%20Eases%20FDI%20Rules.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />India Eases FDI Rules in Retail Sector </strong></div> <div> India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of cities have been relaxed. (Agency) </div> <div> </div> <div> </div> <div> <strong><img alt="Americans Favor Cash " src="/userfiles/images/Americans%20Favor%20Cash.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 58px;" />Americans Favor Cash for Long-Term Investments </strong></div> <div> 26 per cent of Americans prefer cash for their long-term investments, edging out stocks, bonds, gold and real estate, according to a new Bankrate survey of more than 1,000 US adults. Whether it’s in a savings account or a money-market fund, sheltering cash would barely yield any growth given the current low interest rates. A $10,000 investment in a money-market fund today would just gain $110 over a decade, according to Bankrate. (CNN) </div> <div> </div> <div> <strong><img alt="Nawaz Sharif" src="/userfiles/images/Nawaz%20Sharif.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 90px;" />‘We will promote trade, business with India ’ </strong></div> <div> Relations between India and Pakistan should be like that of two neighbours, with the focus being on trade and business, Prime Minister Nawaz Sharif said on Thursday. Sharif made the remarks while interacting with reporters during a rare visit to Karachi, Pakistan’s financial hub. Asked by a journalist about the state of ties with India, he said relations “should be like how relations are between two neighbours”. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-08-05', 'modified' => '0000-00-00', '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' => 'Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse.', 'sortorder' => '1410', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1457', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (22-28 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="China Seen Surpassing US in Superpower Shift" src="/userfiles/images/china.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />China Seen Surpassing US in Superpower Shift </strong></div> <div> A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way. Overall, a majority or plurality of respondents in only six of the countries surveyed believe the U.S. will remain on top. In both the United States and China, an increasing number of respondents agree with this thesis. (Agency) </div> <div> </div> <div> <strong><img alt="Detroit Files for Bankruptcy" src="/userfiles/images/detroit.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 125px; height: 83px;" />Detroit Files for Bankruptcy </strong></div> <div> Detroit, known as the center of US auto industry filed for bankruptcy Thursday, becoming the nation’s largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar. The city faces total liabilities of about $18 billion. (Agency) </div> <div> </div> <div> <strong><img alt="Strauss-Kahn" src="/userfiles/images/Strauss-Kahn.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 85px; height: 110px;" />Strauss-Kahn Joins Rosneft bank </strong></div> <div> Two years after resigned as head of the International Monetary Fund (IMF), Dominique Strauss-Kahn has joined the supervisory board of the bank owned by Russia’s largest oil company, Rosneft, the bank said last Monday.The 64-year-old Frenchman was appointed one of the 11 board members of the Russian Regional Development Bank, a subsidiary of the state oil company, a bank spokeswoman said. Strauss-Kahn resigned from the IMF in 2011 after a New York hotel maid accused him of rape. (The Hindu Business Line) </div> <div> </div> <div> <strong><img alt="Gold" src="/userfiles/images/Gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 89px;" />Gold Up on 2nd Straight Week </strong></div> <div> Gold rose on Friday to notch its second weekly gain after many investors were soothed by the Federal Reserve’s assurance this week that it will be careful in tapering its economic stimulus. The spot price of bullion hovered near $1,295 an ounce and U.S. gold futures for August delivery settled at $1,292.90 an ounce. </div> <div> </div> <div> <strong><img alt="G20" src="/userfiles/images/G20.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 83px;" />G20 Puts Growth Before Austerity </strong></div> <div> The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-22', 'modified' => '2013-07-22', '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' => 'A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way.', 'sortorder' => '1318', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1435', 'article_category_id' => '139', 'title' => 'Nepal & The World News In Brief (15-21 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Gold Posts Biggest Weekly Gain Since 2011" src="/userfiles/images/gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 78px;" /></div> <div> <strong><span style="font-size: 12px;">Gold Posts Biggest Weekly Gain Since 2011</span></strong></div> <div> </div> <div> Gold eased on Friday but notched its biggest weekly advance in nearly two years as fears of an imminent winding down of the U.S. Federal Reserve’s monetary stimulus eased for now. Spot gold remained unchanged at $1,279.90 an ounce. U.S. Comex gold futures for August delivery settled down $2.30 to $1,277.60 an ounce. (Agency)</div> <div> </div> <div> </div> <div> <img alt="US Budget Surplus Highest in 5 years " src="/userfiles/images/usbudget.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 89px;" /></div> <div> <strong>US Budget Surplus Highest in 5 years </strong></div> <div> </div> <div> The US government reported a budget surplus of $116.5bn in June, the most in five years. The improving US economy meant that tax receipts were higher than expected. Also, government spending plunged by 47% due to package of spending cuts and tax increases passed in January, know as the sequester. (www.bbc.com) </div> <div> </div> <div> </div> <div> <img alt="UBS Became the World’s Largest Private Bank " src="/userfiles/images/ubs.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>UBS Became the World’s Largest Private Bank </strong></div> <div> </div> <div> UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year, indicating restored confidence following the financial crisis, according to a study. The Swiss bank displaced Bank of America Corp from the top spot in an annual benchmark compiled by London-based wealth management consultant Scorpio Partnership. (Agency) </div> <div> </div> <div> </div> <div> <img alt="PC Sales See ‘Longest Decline’ in History " src="/userfiles/images/pc.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>PC Sales See ‘Longest Decline’ in History </strong></div> <div> </div> <div> Global personal computer (PC) sales have fallen for the fifth quarter in a row, making it the “longest duration of decline” in history. Worldwide PC shipments totalled 76 million units in the second quarter, a 10.9% drop from a year earlier, according to research firm Gartner. (The Economic Times) </div> <div> </div> <div> </div> <div> <img alt="95 Chinese Firms in Fortune Global 500 List " src="/userfiles/images/forune.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 125px;" /></div> <div> <strong>95 Chinese Firms in Fortune Global 500 List </strong></div> <div> </div> <div> The newly released Fortune Global 500 list includes 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement. The number of Chinese companies on the list is second only to the US, which has 132 entries. Six firms from Taiwan also made it to the list published by the Fortune magazine, ranking the companies according to their revenue. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-16', 'modified' => '2013-07-16', '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' => 'Gold Posts Biggest Weekly Gain Since 2011', 'sortorder' => '1297', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1338', 'article_category_id' => '139', 'title' => 'Gold Price Slides', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Gold tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year. The spot price of bullion dropped by as much as 3.3 percent to a session low of $1,207.50 an ounce. U.S. gold futures for August settled down 3.1 percent at 1,212.70 an ounce. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying..', 'sortorder' => '1200', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1337', 'article_category_id' => '139', 'title' => 'US Posts Upbeat Jobs Data', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">US employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.The Labor Department said Friday that the economy also added 20,000 more jobs in May and 50,000 more in April than initially reported. The unemployment rate stayed at 7.6 percent, but for a good reason: More people started looking for work. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated.', 'sortorder' => '1199', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1336', 'article_category_id' => '139', 'title' => 'WB Hopes To Continue Egypt Programs', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">The World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader, bank president Jim Yong Kim told reporters on Thursday during a visit to Chile.The bank, which Kim said has a $4.7 billion loan program for Egypt, is still trying to understand the situation in the country, he added. (Agency)</span></p>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader', 'sortorder' => '1198', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1335', 'article_category_id' => '139', 'title' => 'Former Olympus Executives Sentenced', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal. Former chairman Tsuyoshi Kikukawa and executives Hisashi Mori and Hideo Yamada pleaded guilty last year to charges of falsifying accounts to cover up losses of $1.7bn (£1.1bn).Mr Kikukawa and Mr Yamada were given three-year sentences and Mr Mori a two-and-a-half-year sentence. (BBC)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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' => 'Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal.', 'sortorder' => '1197', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The government has directed the Privatisation Commission to immediately start the process of selling 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26 per cent shares along with management control, to the private sector, the Dawn reported. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US Set to be Top Energy Producer in 2013</strong></span></div> <div> The United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.</div> <div> </div> <div> <span style="font-size:14px;"><strong>ADB Cuts Asia Growth Forecasts </strong></span></div> <div> The Asian Development Bank cut its economic growth forecast for developing Asia on Wednesday, citing weakness in region’s two largest economies China and India and jitters over plans to scale back US stimulus that destabilized financial markets.The Manila-based lender said it expects the region’s emerging economies to grow by 6 per cent this year, down from 6.6 per cent predicted in April. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Airlines Fill Record Number of Seats : IATA</strong></span></div> <div> World airline traffic expanded by 6.8 percent in August, enabling the industry to match an all-time record of 83.4 percent of seats filled, the International Air Transport Association (IATA) said on Wednesday. “August was a positive month for passenger travel,” IATA chief Tony Tyler said in a statement, pointing out that the overall passenger load factor, or percentage of seats filled, matched a record set in July 2011. </div> <div> </div> <div> <span style="font-size:14px;"><strong>German Unemployment in Surprise Increase</strong></span></div> <div> The number of people out of work in Germany unexpectedly rose by a seasonally adjusted 25,000 in September to just under three million. Analysts had penciled in a fall of 5,000, after a rise of 9,000 in August.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-08', '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 United States could push past Russia and Saudi Arabia as the world’s largest single producer of oil and of natural gas this year, a US government agency said on Friday. While the US was roughly even with Russia as the top producer in 2012 of the petroleum and gas fuels combined, it still lagged the longtime leader Saudi Arabia as an oil producer.', 'sortorder' => '1783', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '1878', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (30 September - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Japan Inflation Hits 5 Year-High </strong></span></div> <div> Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains. </div> <div> </div> <div> <span style="font-size:14px;"><strong>US House Defies Obama on Funding Bill </strong></span></div> <div> The House approved a spending bill early Sunday morning that would fund the government through Dec. 15, but tacked on amendments that would delay the federal health care law known as Obamacare for one year and repeal the medical device tax, a move that sets up a showdown with Senate Democrats and increases the probability of a government shutdown Tuesday.</div> <div> </div> <div> <span style="font-size:14px;"><strong>UK Moves to Block Bankers’ Bonus Cap</strong></span></div> <div> A plan to cap bankers’ bonuses will be tested in Europe’s top court after the U.K. government challenged the measure, claiming it would increase financial risks rather than reduce them.EU policymakers are hoping to limit bonuses for any banker earning more than 500,000 euros a year. The maximum payout would be equal to annual salary or twice salary if a majority of shareholders approve.</div> <div> </div> <div> <span style="font-size:14px;"><strong>India Current Account Gap Seen Widening </strong></span></div> <div> India’s current account deficit, which hit a record high in the last fiscal year, is expected to rise in the June quarter from the previous three-month period before easing due to sharp fall in gold imports and improving exports. Five economists predicted the June quarter current account deficit (CAD) would rise to $23-25 billion, or 4.8-5.4 percent of gross domestic production (GDP), from $18.1 billion, or 3.6 percent, in the March quarter.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Switzerland Leads in Global Energy Ranking</strong></span></div> <div> Switzerland and a handful of countries in Europe led the way in a global ranking of energy efficiency, access to resources and environmental sustainability. China ranked 78th and the United States was 15th, according to the report by the World Energy Council, a London-based group that promotes sustainable power. Canada came in sixth and France was 10th, while the worst showing of all 129 countries was made by Zimbabwe. </div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '0000-00-00', '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' => 'Japan’s core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation. Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 percent in August from a year earlier after a 0.7 percent increase in July, marking the third straight month of gains.', 'sortorder' => '1739', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1810', 'article_category_id' => '139', 'title' => 'Nepal And The World Brief (16 - 22 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Obama to Nominate Summers as Fed Chief </strong></span></div> <div> US President Barack Obama will name former Treasury Secretary Lawrence “Larry” Summers as chairman of the Federal Reserve Board,Japan’s Nikkei newspaper said on Friday. The newspaper, quoting unnamed sources, said that Obama was “in the final stages” and moving toward naming Summers. Debate in Washington has focused on whether Obama will pick Summers or Fed Vice Chair Janet Yellen to succeed Ben Bernanke, whose term as head of the U.S. central bank expires in January. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Growth in G-20 Countries Accelerates</strong></span></div> <div> Growth in the Group of 20 emerging and advanced economies accelerated in the second quarter of this year to 0.9 percent from 0.6 percent in the previous three month period, the OECD said last Thursday. Most G20 members saw growth pick up momentum in April through May, with Turkey posting the highest quarter-on-quarter expansion of 2.1 percent, said the Organisation for Economic Cooperation and Development. </div> <div> </div> <div> <span style="font-size:14px;"><strong>China’s New Richest Man Worth $22 bn</strong></span></div> <div> China’s new richest man -- real estate and hotel king Wang Jianlin -- is now worth $22 billion, up from $10.3 billion in 2012, according to the latest Wealth Report from the Hurun Research Institute and marketing firm GroupM Knowledge. Wang easily ousted China’s former No. 1, Zong Qinghou, who is now No. 2 with a net worth of $18.7 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Plan for EU Financial Tax Found to be Illegal</strong></span></div> <div> Legal advisers have cautioned 11 EU Governments that a proposal they are considering for a tax on financial transactions is illegal. The legal service that advises EU member states found that the suggested approach on which companies should be taxed is “discriminatory,” will probably distort competition, violates EU law and “exceeds member states’ jurisdiction for taxation,” according to a copy of the opinion published last week.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Australian Unemployment Highest in 4 Years</strong></span></div> <div> Australia’s jobless rate edged up to 5.8 percent in August, a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the mining investment boom unwinds. The Australian Bureau of Statistics said the seasonally adjusted rate -- up from 5.7 percent in July -- the highest since August 2009.</div>', 'published' => true, 'created' => '2013-09-16', 'modified' => '0000-00-00', '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' => '', 'sortorder' => '1671', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '1727', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (2 - 8 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="US GDP" src="/userfiles/images/gdp(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />US GDP Accelerates Sharply </span></strong></div> <div> The U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program. Gross domestic product grew at a 2.5 percent annual rate, according to revised estimates for the period that were released by the Commerce Department on Thursday. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Oil " src="/userfiles/images/coil.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Oil Giant Sinopec Buys into Egypt for $3.1 bln</span></strong></div> <div> Chinese oil giant Sinopec will pay $3.1 billion for a one-third stake in the Egyptian oil and gas business of US firm Apache Corp. it said on Friday, as China builds up its access to global energy reserves. The deal, which is still subject to regulatory approval, marks Sinopec’s first entry into Egypt’s upstream oil and gas sector, according to a company statement.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Drops Below $1,400" src="/userfiles/images/gold(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Gold Drops Below $1,400</span></strong></div> <div> Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Spot gold eased 0.93 percent to $1,394.51 an ounce by after slipping to a session low of $1,392.06 an ounce. U.S. December gold futures lost $18.10 an ounce to $1,394.8 an ounce, down 1.28 percent.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="BRICS Agree" src="/userfiles/images/bricks.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />BRICS Agree Capital Structure for Development Bank </span></strong></div> <div> The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, a newspaper reported. Officials from Brazil, China, India, Russia and South Africa agreed to set up the bank with a total capital of $50 billion, shared equally among them, it quoted an unnamed senior Indian government official as saying. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Samsung" src="/userfiles/images/samsung(5).jpg" style="float: left; margin: 0px 10px 0px 0px;height: 66px; width: 100px;" />Samsung Emerges as the Top supply chain Company in Asia Pacific</span></strong></div> <div> Korean electronics major Samsung has been ranked at the top in IT research firm Gartner’s list of 25 major performing supply chain organisations in Asia Pacific region. Chinese PC and mobile devices maker Lenovo bagged the second position, backed by impressive revenue growth and inventory turns, Gartner said. </div>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', '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 U.S. economyaccelerated more quickly than expected in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program.', 'sortorder' => '1588', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '1692', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (26 August - 1 September 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="Brazil Unveils $60bn Currency Move" src="/userfiles/images/brzl.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />Brazil Unveils $60bn Currency Move</span></strong></div> <div> Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency. It comes as the Brazilian real nears a five-year low against the US dollar. The real and other emerging market currencies have fallen steadily over the last three months on speculation of higher US interest rates. The central bank said it would spend $500m a day on Mondays to Thursdays and $1bn on Fridays buying reais in the currency markets.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Eurozone growth hits 26-month high" src="/userfiles/images/eur.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 74px;" />Eurozone growth hits 26-month high</span></strong></div> <div> Eurozone business activity grew at its fastest pace for 26 months in August, according to a closely-watched survey. The Markit composite purchasing managers’ index - which includes manufacturing and services - rose to 51.7 points, from 50.5 in July. A number higher than 50 indicates growth.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Gold Price Up on Poor US Home Sales" src="/userfiles/images/gold(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Gold Price Up on Poor US Home Sales</span></strong></div> <div> Gold rose almost 2 percent on Friday, hitting its highest price in more than two months near $1,400 an ounce, as a big drop in U.S. new home sales renewed hopes that the Federal Reserve will maintain its bond-buying economic stimulus. For the week, gold gained 1.6 percent for its third consecutive weekly rise. It has climbed in six out of the past seven weeks since gold fell to a three-year low at $1,180 an ounce on June 28.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="IMF Cautions Against Withdrawing Stimulus" src="/userfiles/images/imf.jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 77px;" />IMF Cautions Against Withdrawing Stimulus</span></strong></div> <div> International Monetary Fund (IMF) chief Christine Lagarde has cautioned the countries across the world against withdrawal of stimulus or unconventional monetary policies (UMPs). Lagarde on Friday asserted that the stimulus helped support economic stability at both domestic and global level. Early in the crisis, the UMPs helped prevent a collapse of the financial system and a collapse of activity, she said.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt=" Sri Lanka Trade Deficit Widens " src="/userfiles/images/slt(1).jpg" style=" float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />Sri Lanka Trade Deficit Widens </span></strong></div> <div> Sri Lanka’s trade deficit widened 25 percent to $829.1 million in June from $663.2 million a year earlier, central bank data showed on Thursday. Both imports and exports reversed their declining trend. The central bank’s tight monetary policy measures and a flexible exchange rate, adopted early last year to curb trade and current account deficits, have resulted in sluggish external trade since the second quarter of 2012.</div>', 'published' => true, 'created' => '2013-08-26', 'modified' => '0000-00-00', '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' => 'Brazil’s central bank has announced a $60bn plan to prop up the value of the national currency.', 'sortorder' => '1553', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '1641', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (19 - 25 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size:14px;"><img alt="India Inflation" src="/userfiles/images/inflation.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 45px;" />India Inflation Rate Rises </span></strong></div> <div> India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs. India’s main gauge of inflation, the Wholesale Price Index, rose 5.79 per cent from a year earlier, up from 4.86 per cent in June. The Indian rupee has fallen 10 per cent against the US dollar this year. Policymakers have taken various steps in recent days to try and stem the rupee’s decline. Analysts said the latest data may see the central bank unveil further measures. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Eurozone" src="/userfiles/images/eurozone.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />Eurozone Exits Recession </span></strong></div> <div> Stronger growth in the euro zone’s two largest economies, Germany and France, helped the euro zone to emerge from its longest recession to date in the second quarter, confirming expectations that a fragile recovery was under way. The 17 countries sharing the euro needed seven quarters to return to a growth rate of 0.3 per cent, on a seasonally adjusted basis in the three months to June, data from the European Union’s statistics office Eurostat showed. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="us jobs" src="/userfiles/images/jobs(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 78px;" />New US Jobless Claims Fall to 6 Year Low</span></strong></div> <div> New claims for US unemployment insurance benefits fell last week to their lowest level in six years, a fresh sign of labour market tightening, the Labour Department said Thursday. Initial jobless claims totaled 320,000 in the week ending August 10, compared to 335,000 the previous week. </div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="Boeing" src="/userfiles/images/boeing.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />Boeing to Probe New Dreamliner Fault</span></strong></div> <div> Boeing has said that it will investigate the wiring defect that was found in a fire extinguisher system on three of its 787 Dreamliner jets. The fault was found on jets operated by Japan’s All Nippon Airways (ANA). After ANA reported the fault on Wednesday, rival Japan Airlines turned back a 787 plane travelling to Helsinki from Tokyo to check the wiring.</div> <div> </div> <div> <strong><span style="font-size:14px;"><img alt="China Mints" src="/userfiles/images/china(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 100px;" />China Mints Fewer Millionaires Amid Slowdown</span></strong></div> <div> The number of new Chinese millionaires grew by only 3 per cent in 2012, the slowest pace in five years, according to a new report from Hurun Research Institute and marketing firm Group M Knowledge. Just more than 1 million Chinese are now able to call themselves millionaires. Of those, 184,000 live in Beijing, while 172,000 are in Guangdong and 147,000 reside in Shanghai.</div>', 'published' => true, 'created' => '2013-08-19', 'modified' => '0000-00-00', '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' => 'India’s inflation rate rose by a rate more than expected in July as a weaker currency brought higher import costs.', 'sortorder' => '1502', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '1597', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (12 -18 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Japan’s Debt Exceeds 1 Quadrillion Yen" src="/userfiles/images/japan.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 60px;" />Japan’s Debt Exceeds 1 Quadrillion Yen </strong></div> <div> Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances. The country’s outstanding public debt including borrowings reached a record 1,008.6 trillion yen ($10.46 trillion) as of June 30, up 1.7 percent from three months earlier, the finance ministry said. <em>(Bloomberg)</em></div> <div> </div> <div> <strong><img alt="‘US Shale Oil Threatens OPEC’s Future’" src="/userfiles/images/us%20shale.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 66px;" />‘US Shale Oil Threatens OPEC’s Future’</strong></div> <div> The rise of North American oil supplies could test the future of OPEC which may have to curb supply to accommodate rising shale oil volumes, a new report has found. The increase in U.S. output is a “defining feature of tomorrow’s market” according to International Energy Agency’s oil market report and could test the producer group’s share of the global oil market. <em>(Agency)</em></div> <div> </div> <div> <strong><img alt="China Posts Solid Factory Data" src="/userfiles/images/china%20post.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />China Posts Solid Factory Data</strong></div> <div> China’s economy could be stabilising, the latest set of economic figures from the country has suggested. Factory output in July rose 9.7% compared with a year ago, ahead of expectations and up from the previous month’s figure of 8.9%.<em> (BBC)</em></div> <div> </div> <div> </div> <div> <strong><img alt="Indian Parliament" src="/userfiles/images/indian%20parliament.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 68px;" />Indian Parliament Passes New Companies Bill</strong></div> <div> The Upper house of Indian parliament, the Rajya Sabha on Thursday passed the Companies Bill, which seeks to improve transparency and accountability in the companies, encourages self-regulation and makes contribution of 2% of profits toward corporate social responsibility (CSR) mandatory, among other changes. <em>(The Economic Times)</em></div> <div> </div> <div> <strong><img alt="US jobless claims at 6-year low " src="/userfiles/images/us%20jobbless.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 80px;" />US jobless claims at 6-year low </strong></div> <div> Americans who have a job may take comfort in knowing that companies are laying off fewer people than at any time since before the Great Recession. Applications for U.S. unemployment benefits over the past four weeks dropped to a seasonally adjusted 335,500, the Labor Department said Thursday. That’s the lowest level since November 2007, which was one month before the recession began. <em>(Agency)</em></div> <div> </div>', 'published' => true, 'created' => '2013-08-12', 'modified' => '2013-08-12', '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' => 'Japan’s national debt exceeded 1,000 trillion yen for the first time, underscoring the case for Prime Minister Shinzo Abe to proceed with a sales-tax increase to shore up government finances.', 'sortorder' => '1458', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '1549', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (5-11 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="Australia Unveils Levy on Bank Deposits" src="/userfiles/images/Australia%20Unveils.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />Australia Unveils Levy on Bank Deposits </strong></div> <div> Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse. Deposits up to A$250,000 will have to pay a levy of 0.05% from January 2016. It will be imposed on banks and not account holders. (BBC) </div> <div> </div> <div> </div> <div> <strong><img alt="EADS to be Rebranded as Airbus " src="/userfiles/images/EADS.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 51px;" />EADS to be Rebranded as Airbus </strong></div> <div> EADS, the parent company of Airbus, says it is to rename itself after its commercial plane-making subsidiary. It will be called Airbus Group and have three divisions; commercial aircraft, defence and space, and helicopters. Implementation of the change will start in January and is set to be completed in the second half of 2014. (Agency) </div> <div> </div> <div> <strong><img alt="India Eases FDI Rules in Retail Sector " src="/userfiles/images/India%20Eases%20FDI%20Rules.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />India Eases FDI Rules in Retail Sector </strong></div> <div> India has eased key rules on foreign direct investment in multi-brand retail in an attempt to attract foreign firms as it looks to boost economic growth. Rules governing sourcing of products, infrastructure investment and selection of cities have been relaxed. (Agency) </div> <div> </div> <div> </div> <div> <strong><img alt="Americans Favor Cash " src="/userfiles/images/Americans%20Favor%20Cash.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 58px;" />Americans Favor Cash for Long-Term Investments </strong></div> <div> 26 per cent of Americans prefer cash for their long-term investments, edging out stocks, bonds, gold and real estate, according to a new Bankrate survey of more than 1,000 US adults. Whether it’s in a savings account or a money-market fund, sheltering cash would barely yield any growth given the current low interest rates. A $10,000 investment in a money-market fund today would just gain $110 over a decade, according to Bankrate. (CNN) </div> <div> </div> <div> <strong><img alt="Nawaz Sharif" src="/userfiles/images/Nawaz%20Sharif.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 90px;" />‘We will promote trade, business with India ’ </strong></div> <div> Relations between India and Pakistan should be like that of two neighbours, with the focus being on trade and business, Prime Minister Nawaz Sharif said on Thursday. Sharif made the remarks while interacting with reporters during a rare visit to Karachi, Pakistan’s financial hub. Asked by a journalist about the state of ties with India, he said relations “should be like how relations are between two neighbours”. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-08-05', 'modified' => '0000-00-00', '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' => 'Australia has unveiled a levy on some bank deposits to raise money towards a fund aimed at safeguarding against a banking collapse.', 'sortorder' => '1410', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '1457', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (22-28 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><img alt="China Seen Surpassing US in Superpower Shift" src="/userfiles/images/china.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 125px; height: 73px;" />China Seen Surpassing US in Superpower Shift </strong></div> <div> A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way. Overall, a majority or plurality of respondents in only six of the countries surveyed believe the U.S. will remain on top. In both the United States and China, an increasing number of respondents agree with this thesis. (Agency) </div> <div> </div> <div> <strong><img alt="Detroit Files for Bankruptcy" src="/userfiles/images/detroit.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 125px; height: 83px;" />Detroit Files for Bankruptcy </strong></div> <div> Detroit, known as the center of US auto industry filed for bankruptcy Thursday, becoming the nation’s largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar. The city faces total liabilities of about $18 billion. (Agency) </div> <div> </div> <div> <strong><img alt="Strauss-Kahn" src="/userfiles/images/Strauss-Kahn.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 85px; height: 110px;" />Strauss-Kahn Joins Rosneft bank </strong></div> <div> Two years after resigned as head of the International Monetary Fund (IMF), Dominique Strauss-Kahn has joined the supervisory board of the bank owned by Russia’s largest oil company, Rosneft, the bank said last Monday.The 64-year-old Frenchman was appointed one of the 11 board members of the Russian Regional Development Bank, a subsidiary of the state oil company, a bank spokeswoman said. Strauss-Kahn resigned from the IMF in 2011 after a New York hotel maid accused him of rape. (The Hindu Business Line) </div> <div> </div> <div> <strong><img alt="Gold" src="/userfiles/images/Gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 89px;" />Gold Up on 2nd Straight Week </strong></div> <div> Gold rose on Friday to notch its second weekly gain after many investors were soothed by the Federal Reserve’s assurance this week that it will be careful in tapering its economic stimulus. The spot price of bullion hovered near $1,295 an ounce and U.S. gold futures for August delivery settled at $1,292.90 an ounce. </div> <div> </div> <div> <strong><img alt="G20" src="/userfiles/images/G20.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 83px;" />G20 Puts Growth Before Austerity </strong></div> <div> The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-22', 'modified' => '2013-07-22', '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' => 'A new Pew Research Center survey of 38,000 people in 39 countries found the widespread belief that China is well on its way.', 'sortorder' => '1318', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '1435', 'article_category_id' => '139', 'title' => 'Nepal & The World News In Brief (15-21 July 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Gold Posts Biggest Weekly Gain Since 2011" src="/userfiles/images/gold.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 78px;" /></div> <div> <strong><span style="font-size: 12px;">Gold Posts Biggest Weekly Gain Since 2011</span></strong></div> <div> </div> <div> Gold eased on Friday but notched its biggest weekly advance in nearly two years as fears of an imminent winding down of the U.S. Federal Reserve’s monetary stimulus eased for now. Spot gold remained unchanged at $1,279.90 an ounce. U.S. Comex gold futures for August delivery settled down $2.30 to $1,277.60 an ounce. (Agency)</div> <div> </div> <div> </div> <div> <img alt="US Budget Surplus Highest in 5 years " src="/userfiles/images/usbudget.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 89px;" /></div> <div> <strong>US Budget Surplus Highest in 5 years </strong></div> <div> </div> <div> The US government reported a budget surplus of $116.5bn in June, the most in five years. The improving US economy meant that tax receipts were higher than expected. Also, government spending plunged by 47% due to package of spending cuts and tax increases passed in January, know as the sequester. (www.bbc.com) </div> <div> </div> <div> </div> <div> <img alt="UBS Became the World’s Largest Private Bank " src="/userfiles/images/ubs.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>UBS Became the World’s Largest Private Bank </strong></div> <div> </div> <div> UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year, indicating restored confidence following the financial crisis, according to a study. The Swiss bank displaced Bank of America Corp from the top spot in an annual benchmark compiled by London-based wealth management consultant Scorpio Partnership. (Agency) </div> <div> </div> <div> </div> <div> <img alt="PC Sales See ‘Longest Decline’ in History " src="/userfiles/images/pc.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 72px;" /></div> <div> <strong>PC Sales See ‘Longest Decline’ in History </strong></div> <div> </div> <div> Global personal computer (PC) sales have fallen for the fifth quarter in a row, making it the “longest duration of decline” in history. Worldwide PC shipments totalled 76 million units in the second quarter, a 10.9% drop from a year earlier, according to research firm Gartner. (The Economic Times) </div> <div> </div> <div> </div> <div> <img alt="95 Chinese Firms in Fortune Global 500 List " src="/userfiles/images/forune.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 100px; height: 125px;" /></div> <div> <strong>95 Chinese Firms in Fortune Global 500 List </strong></div> <div> </div> <div> The newly released Fortune Global 500 list includes 95 Chinese companies, 89 of them state-owned, showing that the world’s fastest growing economy still has plenty of room for improvement. The number of Chinese companies on the list is second only to the US, which has 132 entries. Six firms from Taiwan also made it to the list published by the Fortune magazine, ranking the companies according to their revenue. (Agency)</div> <div> </div>', 'published' => true, 'created' => '2013-07-16', 'modified' => '2013-07-16', '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' => 'Gold Posts Biggest Weekly Gain Since 2011', 'sortorder' => '1297', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '1338', 'article_category_id' => '139', 'title' => 'Gold Price Slides', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Gold tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year. The spot price of bullion dropped by as much as 3.3 percent to a session low of $1,207.50 an ounce. U.S. gold futures for August settled down 3.1 percent at 1,212.70 an ounce. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 tumbled 3 percent on Friday after positive U.S. jobs data sent the dollar rallying..', 'sortorder' => '1200', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '1337', 'article_category_id' => '139', 'title' => 'US Posts Upbeat Jobs Data', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">US employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.The Labor Department said Friday that the economy also added 20,000 more jobs in May and 50,000 more in April than initially reported. The unemployment rate stayed at 7.6 percent, but for a good reason: More people started looking for work. (Agency)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated.', 'sortorder' => '1199', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '1336', 'article_category_id' => '139', 'title' => 'WB Hopes To Continue Egypt Programs', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">The World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader, bank president Jim Yong Kim told reporters on Thursday during a visit to Chile.The bank, which Kim said has a $4.7 billion loan program for Egypt, is still trying to understand the situation in the country, he added. (Agency)</span></p>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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 World Bank hopes to continue its programs in Egypt following the military ousting of the country’s first democratically elected leader', 'sortorder' => '1198', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '1335', 'article_category_id' => '139', 'title' => 'Former Olympus Executives Sentenced', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal. Former chairman Tsuyoshi Kikukawa and executives Hisashi Mori and Hideo Yamada pleaded guilty last year to charges of falsifying accounts to cover up losses of $1.7bn (£1.1bn).Mr Kikukawa and Mr Yamada were given three-year sentences and Mr Mori a two-and-a-half-year sentence. (BBC)</span></p> <div> </div>', 'published' => true, 'created' => '2013-07-08', 'modified' => '0000-00-00', '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' => 'Three former executives of Olympus have been given suspended jail terms for their roles in an accounting scandal.', 'sortorder' => '1197', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
