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Pfizer to buy Hospira for $15 billion

2015-02-06 00:00:00

BENGALURU, Feb 5 (Reuters): Drugmaker Pfizer Inc said it would buy Hospira Inc for about $15 billion to gain access to biosimilars, copies of biotech drugs made from living cells. Pfizer's offer of $90 per share represents a premium of...

German factory orders jump in December

2015-02-06 00:00:00

FRANKFURT, Feb 5 (AFP): German industrial orders, a key measure of demand for German-made goods, rose sharply in December, data showed on Thursday, confirming recovery is underway in Europe's biggest economy, analysts said. After dropping by 2.4 per cent the...

Photo: GERMANY : Protestors hold a sign

2015-02-06 00:00:00

Photo: CEO of German auto giant Daimler Dieter Zetsche

2015-02-06 00:00:00

Turnover marks slight improvement

FE Report | 2015-02-06 00:00:00

Stocks ended in green territory Thursday for the third running sessions as value stocks lured investors with attractive price offer despite ongoing political unrest across the country. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up further...

IFAD Autos makes flying debut

FE Report | 2015-02-06 00:00:00

IFAD Autos Limited (IAL), an auto mobile dealer, made a flying trade debut Thursday on the prime bourse and the port city bourse by becoming the top gainers and turnover leaders although the company's first quarter net profit declined. Each...

Square Pharma audited by US FDA

2015-02-06 00:00:00

For the first time in Bangladesh US FDA (United States Food and Drug Administration) conducted cGMP (Current Good Manufacturing Practices) audit of Bangladesh Pharmaceutical manufacturing facilities in January 2015. Square Pharmaceuticals Ltd, the leading Bangladesh Pharmaceutical company, was audited on...

News Briefs

2015-02-06 00:00:00

GP meeting Sunday As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on February 08, 2015 at 4:00 PM to consider, among others, audited financial statements...

Photo: Dhaka Bank Limited

2015-02-06 00:00:00

Photo: Eastern Bank Limited (EBL)

2015-02-06 00:00:00

BASIS for reducing paid-up capital

Khairul Islam | 2015-02-06 00:00:00

The country's IT firms have urged the securities regulator to reduce 70 per cent paid up capital of the companies willing to go public, officials said. They said the required amount under the Bangladesh Securities and Exchange Commission (BSEC) for...

Nikkei share average dips

2015-02-06 00:00:00

TOKYO, Feb 5 (Reuters): Japan's Nikkei share average dipped on Thursday on news of the European Central Bank's hardline stance on Greek debt and fresh falls in oil prices, while investors took profits in Toyota and some others after their...

Indian markets end flat amid volatility

2015-02-06 00:00:00

MUMBAI, Feb 5 (Business Standard): Benchmark indices ended flat, amid a volatile trading session, as investors booked profits in ICICI Bank and sell-off in Tata Power The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed...

Oracle Cloud for customer acquisition

2015-02-06 00:00:00

As expectations for enhanced customer experiences grow, service teams need to focus on engaging and retaining consumers, empowering employees, and adapting quickly. The latest release of Oracle Service Cloud helps organisations meet these challenges, and offers tools that enable agents...

Ant Financial to take 25pc stake in Paytm owner

2015-02-06 00:00:00

MUMBAI, Feb 5 (Business Standard): Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, would take a 25-per cent stake in Noida-based One97 Communications, which runs online payment platform Paytm, the companies said in a joint statement on...

ICB AMCL discloses NAV of different funds

2015-02-06 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset  value (NAV) of different open-end mutual funds (MFs) at the close of business operation on February 3, 2015, said...

ICB AMCL discloses NAV of MFs

2015-02-06 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on February 3, 2015, said a...

Daily Market Update

2015-02-06 00:00:00

Photo: IFAD Autos Limited

2015-02-06 00:00:00

Adopting fiscal measures to face economic shocks

Sabrina Afroz and Sharjil M Haque | 2015-02-06 00:00:00

A topic which is rarely mentioned in economic reviews in Bangladesh is that of fiscal policy cyclicality. Leading researchers all around the world have spent years analysing cyclicality of fiscal policy in developed and emerging economies. The issue was recently...

Israel in ICC dock for war crimes

Amjad Hossain from Virginia, USA | 2015-02-06 00:00:00

The International Criminal Court (ICC) in the Hague has recognised the cause of the Palestinian Authority when Fatou Bensouda, the chief prosecutor, took up a case against Israel for committing war crimes in the Palestinian territories occupied in 1967. This...

Farmland and urbanisation

2015-02-06 00:00:00

Bangladesh is, apparently, moving fast towards transforming itself into an urban state, shedding its age-old agrarian character. Experts, while taking part in a recent day-long seminar in Dhaka, made a forecast indicating that nearly 55 per cent of the country's...

Inequality, wastage and rational distribution of wealth

Nilratan Halder | 2015-02-06 00:00:00

History's great teaching is that no one learns from history. Mighty empires rose and fell. Building empires needed extraordinary sacrifice, leadership, vision, shrewdness and pillage. But their fall was largely due to extravagant use of the accumulated wealth and indulgence...

Wanted need-based varsity education

Rahman Jahangir | 2015-02-06 00:00:00

The higher education system in Bangladesh appears to be like a rudderless boat. Not many people are mindful of what catastrophe a vast army of unemployed educated youth might cause to society in the days ahead if job opportunities do...

Manpower export to Saudi Arabia

2015-02-06 00:00:00

Saudi Arabia is reported to have agreed to lift the ban on recruiting Bangladeshi workers.  It is also known to have assured that the cost of migration will go down significantly. Saudi Arabia used to be one of the most...

Internet and modern life

2015-02-06 00:00:00

Internet has become an integral part of our life today and we cannot think of spending a single day without it. From office to personal work to entertainment, we seek internet connectivity. Sometimes I wonder how people could carry on...

One and two-Taka coins

2015-02-06 00:00:00

All of a sudden our finance minister declared that coins and paper notes of one-Taka and Two-Taka denominations would be discontinued. He did so because he probably thought that we cannot buy anything with these currencies. I would like to...

Does no-vote matter?

Md Jamal Hossain | 2015-02-06 00:00:00

Is no-vote significantly different from not-voting since in both the cases people don't vote for the existing political parties partly due to their lack of trust in those parties and partly because they don't want to elect them or they...

A blend of economic theory and practices

Asjadul Kibria | 2015-02-06 00:00:00

Reading books on economics is not always enjoyable as most of the topics, presented with numbers, tables and charts, make the text a dry one. Nevertheless, sometimes we need to read these books due to the importance of an author,...

Accept demand by Sunday or face tougher prog : BNP

2015-02-06 00:00:00

BNP threatened Thursday to announce a tougher action programme on Sunday if the government does not take any step by the time for holding an election under a non-party administration, reports UNB. In a statement, BNP joint secretary general Salahuddin...