NCC posts profit

KATHMANDU: Nepal Credit and Commerce (NCC) bank has registered Rs 2.57 million profit in the first three months of this fiscal year. “The bank has collected Rs 6.3 billion deposit and invested Rs 5.12 billion within the Ashwin month,” states a press release. NCC Bank has 17 branches, states the release. — HNS

S’pore jobless rate

SINGAPORE: Singapore’s unemployment rate in the third quarter fell to 1.7 per cent, its lowest level in almost a decade, as robust economic growth underpinned demand for new staff. That’s down from 2.3 per cent in the second quarter and the lowest rate since the first quarter of 1998, just as the Asian financial crisis spread across the region. — AP

Euro inflation high

BRUSSELS: Inflation in the 13 nations that use the euro hit a two-year high in October while unemployment fell to a new record low in September, but the stronger euro finally seems to be hurting the outlook for industry. Industry managers are more downbeat about future prospects and euro consumer confidence was unchanged during October as officials warn of more uncertain times ahead. — AP

MS gets more time

SEATTLE: A federal judge in Washington, DC, on Tuesday granted Microsoft (MS) Corp an extra week to respond to states pressing for extended oversight of the software company as part of a 2002 antitrust settlement.— AP