Business

The locker Kobe Bryant used for the majority of his legendary NBA career sold for $2.9 million on Friday in New York, as part of an auction of rare sports memorabilia at Sotheby’s. The price for...

Toyota on Thursday reported a modest rise in first-quarter net profits as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market. The firm...

US-Bangla Airlines, country’s largest private carrier, today started direct flights to Jeddah, the gateway to the holy city of the Muslim Ummah and one of the popular destinations in the Middle East region. Civil Aviation and...

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track. The results came on the heels of a bruising April earnings report that drew a...

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. The world’s largest memory...

Factory activity in China shrank for a third straight month in July, official data showed Wednesday, a day after Beijing pledged more state support to boost activity in the country’s stuttering economy. A key measure of...

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies. The central bank said in a statement it...

Hiring in the US private sector decelerated unexpectedly in July, said payroll firm ADP on Wednesday, while pay gains slowed further. The private sector added 122,000 jobs in July, down from June’s revised 155,000 figure and...

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record performance, reports BSS. “After delivering record profits in 2023, we had...

Brazil’s central bank left its benchmark interest rate unchanged Wednesday at 10.5 percent, opting for caution after forecasts of higher inflation in Latin America’s largest economy. The bank’s monetary policy committee said it was acting unanimously...