Business

Russia struggles to collect oil payments
Several banks in China, the UAE and Turkey have boosted their sanctions compliance requirements in recent weeks, resulting in delays or even the rejection of money transfers to Moscow
Asia shares edge up
The US core personal consumption expenditure (PCE) price index is seen rising 0.3% in February, which would keep the annual pace at 2.8%
Investors greenlight Trump’s $5.7 billion Truth Social deal
The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion
Grameenphone CEO Yasir Azman wants more competition
In an interview with bdnews24.com, the Bangladeshi CEO of the firm suggests that reducing regulations will foster healthy competition and innovation in the industry
As Nike bleeds market share, investors worry over relevance
Nike shares have lost 16 percent of their value over the last 12 months
Reliance refusing Sovcomflot oil shipments after sanctions
More Indian refiners plan to shun the use of Sovcomflot vessels, which may weigh on India's import of Russian oil and leave Russia with fewer outlets to place its flagship product
E-commerce sector looks for Eid business boost
Younger customers, particularly those adept at technology, lean towards online shopping, traders say
Intel prepares for $100b spending spree across four US states
The US government announced the federal funds to Intel under the CHIPS Act on Wednesday, sending its shares up 4% in premarket trading