Business & Economy


Over 1,800 MW power in two years Friday, April 15th, 2016

KATHMANDU: The government has projected to generate 1,846 MW electricity within two years. Similarly, the government has projected to produce 1,423 MW power in the winter season. A total of 628 MW electricity would be generated from the projects based on the river flow, 106 MW from reservoir..

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Global stocks mostly surge on Wall Street rally, China trade Thursday, April 14th, 2016

MANILA, Philippines, (AP): European shares were mixed Thursday despite a second day of strong gains in Asia, where investors were encouraged by an uptick in China's trade and Singapore's surprise easing of monetary policy. KEEPING SCORE: Germany's DAX added 0.2 percent to 10,046.12. Britain's FTSE..

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Ncell sells: TeliaSonera exits Nepal Tuesday, April 12th, 2016

KATHMANDU: Malaysia’s Axiata Group has announced the completion of its acquisition of an 80% stake in Nepalese mobile operator Ncell from TeliaSonera of Sweden. The USD1.365 billion deal was first announced in December and comes as part of TeliaSonera’s previously announced plan to exit its..

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US cites Chinese Internet filters as trade barrier Friday, April 8th, 2016

BEIJING, Apr 8 (AP): The American government has cited Chinese Internet controls as a trade barrier in a report that comes as Beijing tries to block its public from seeing news online about the finances of leaders' families. Chinese filters, which block access to websites including the Google..

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China restricts trade with North Korea over nuclear tests Tuesday, April 5th, 2016

BEIJING, (AP): China imposed restrictions Tuesday on imports of coal from North Korea and exports of jet fuel to the North in a potentially significant increase in pressure on Pyongyang following U.N. sanctions over its nuclear and missile tests. China is the impoverished and politically isolated..

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Flights between Pokhara and Jomsom disrupted for five days Sunday, March 27th, 2016

MUSTANG: Flights between Pokhara and Jomsom have been disrupted for the past five days due to bad weather condition. As a result, numerous tourists visiting Mustang and those willing to return to Pokhara from Mustang have been hit hard. Jomsom airport Chief Surya Bahadur Khatri said that low..

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PM Oli asks businessmen of Shaanxi to invest in Nepal Saturday, March 26th, 2016

Shaanxi, CHINA: Prime Minister KP Sharma has asked the Chinese businessmen to invest in Nepal. Addressing a business community meeting at Hotel Shangri-La on Friday, Prime Minister Oli said that an environment conducive has been created for foreign investment in Nepal. He said, "Xi'an is origin..

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Anti-discrimination law elicits rebukes from businesses Friday, March 25th, 2016

RALEIGH, (AP): Corporations expressed disappointment and the NCAA vowed to monitor what North Carolina does next now that the state has banned any local government measures protecting people from discrimination on the basis of sexual orientation and gender identity. American Airlines, which..

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Fuel supply halted

BIRATNAGAR: Petroleum Tanker Driver's Association has halted the supply of fuel from Biratnagar for the past four days demanding release of workers. The fuel supply was completely halted at the call of Association demanding release of the tanker driver and helper arrested from Biratnagar one week..

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History points to limited economic pain from Belgium attacks Thursday, March 24th, 2016

LONDON, (AP): Financial markets barely registered this week's attacks in Brussels, which killed more than 30 people, a sign that investors think the economic impact on Belgium and across Europe as a whole will be limited. Recent history suggests they may be right. The experience of terror attacks..

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Europe recouping losses, Asia muted after Belgian attacks Wednesday, March 23rd, 2016

TOKYO, (AP): European share prices appeared headed to recoup losses that had followed the deadly bombings in Belgium, while Asian stock indexes mostly fell, although moderately, on Wednesday in cautious trading. KEEPING SCORE: France's CAC 40 recovered 0.6 percent in early trading to 4,456.18...

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Nepal becomes SCO dialogue partner Tuesday, March 22nd, 2016

BEIJING: Nepal has signed an agreement paper becoming the Shanghai Cooperation Organization (SCO) dialogue partner. Nepal's Foreign Secretary, Shanker Das Bairagi, and the SCO General Secretary signed the understanding in the presence of Prime Minister KP Sharma Oli. Earlier, PM Oli attended an..

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China to look at free trade, rail deal with Nepal Monday, March 21st, 2016

BEIJING, (REUTERS): China agreed on Monday to consider building a railway into Nepal and to start a feasibility study for a free trade agreement with the impoverished, landlocked country, which has been trying to lessen its dependence on its big neighbor to the south, India. The Himalayan nation,..

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