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US retailers likely to just meet holiday sales forecasts

2014-12-26 00:00:00

CHICAGO, Dec 25 (Reuters): US consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from...

Dollar gives up US GDP data gains in Asia

2014-12-26 00:00:00

TOKYO, Dec 25 (AFP): The dollar lost more ground in thin Asian trade Thursday, after a rally powered by decade-high US economic growth figures. In Tokyo afternoon trade, the US unit bought 120.14 yen, weakening from 120.44 yen in New...

Sonali Life Ins chairman re-elected

2014-12-26 00:00:00

Noor E Hafza has recently been re-elected the chairman of Sonali Life Insurance Company Limited, said a statement. She was re-elected in the seventh meeting of the board of directors of the company. Noor E Hafza is also the director...

Citigroup selling its Japan retail bank business

2014-12-26 00:00:00

TOKYO, Dec 25 (AFP): Citigroup said Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally. Financial details were not released, but Japanese news...

Japan’s $29b stimulus seeks quick boost for regional economies

2014-12-26 00:00:00

TOKYO, Dec 24 (Reuters): Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft...

Turkey bank defies Erdogan to hold rates

2014-12-26 00:00:00

ANKARA, Dec 25 (AFP): Turkey's central bank on Wednesday kept its main interest rates unchanged, defying pressure from President Recep Tayyip Erdogan for a cut to stimulate flagging growth. The bank said in a statement after its latest monetary policy...

Uganda takes on the chocolate market

2014-12-26 00:00:00

MUKONO, Uganda, Dec 25 (AFP): On a sprawling, lush cocoa plantation in Mukono outside the Ugandan capital Kampala, farmers have been sampling chocolate for the first time ever. "When we gave our farm manager the first product to taste his...

Russian rouble strengthens in thin trade

2014-12-26 00:00:00

MOSCOW, Dec 25 (Reuters) - Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were closed for the Christmas Day...

Russian inflation passes 10pc

2014-12-26 00:00:00

MOSCOW, Dec 25 (AFP): Russian inflation has climbed into double digits-hitting 10.4 per cent, data released Wednesday showed, indicating that prices could be growing faster than expected due to the depreciating ruble. Consumer prices rose by 0.9 per cent last...

US jobless claims drop for fifth week in a row

2014-12-26 00:00:00

NEW YORK, Dec 25 (AFP): New claims for US unemployment insurance fell last week for the fifth week in a row, according to government figures published Wednesday. Initial jobless claims, a sign of the pace of layoffs, totaled 280,000 in...

First ever stock exchange to be established in Myanmar

2014-12-26 00:00:00

YANGON, Dec 25 (Xinhua): Myanmar will establish a first ever stock exchange in Yangon in joint venture with two Japanese firms, according to the Ministry of Finance Wednesday. Under an agreement signed in Nay Pyi Taw on Tuesday, the Yangon...

The 178th branch of National Bank Limited

2014-12-26 00:00:00

The 19th annual general meeting

2014-12-26 00:00:00

Asian shares cheered by Wall Street rally

2014-12-26 00:00:00

HONG KONG, Dec 25 (AFP): Asian markets mostly rose on Wednesday, after stellar growth figures from the world's top economy powered US shares to record highs. Tokyo led gains, adding 1.24 per cent, or 219.09 points, to close at 17,854.23....

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2014-12-26 00:00:00

Pakistani stocks end higher

2014-12-26 00:00:00

KARACHI, Dec 25 (Reuters): Pakistani stocks rose on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange closing up 0.79 per cent, or 249.63 points, at 32,000.01 supported by foreign buying. Banking stocks rallied due to institutional buying,...

Markets fall as FIIs pare holdings ahead of holidays

2014-12-26 00:00:00

MUMBAI, Dec 25 (Business Standard): On Wednesday, the markets ended on a weak note, as foreign investors hit the 'sell' button ahead of year-end holidays. Foreign institutional investors were net sellers by Rs 28.08 billion. While the BSE Sensex lost...

Sensex gains over 6,000 points in 2014

2014-12-26 00:00:00

MUMBAI, Dec 25 (PTI): Riding high on sentiments, the stock market is gearing up for its best performance in five years, with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors'...

Chairman of BDcom Online Limited

2014-12-26 00:00:00

3 of 5 IPOs this year trading above issue price

2014-12-26 00:00:00

NEW DELHI, Dec 25 (PTI): Three out of total five companies that debuted on the Indian stock market this year have rewarded their shareholders with positive returns and are trading way above their issue price. Among the new listings this...

China stocks close up over 3pc on financial revival

2014-12-26 00:00:00

SHANGHAI, Dec 25 (Reuters): China stocks closed higher on Thursday as investors waded back into financial shares after selling off for three days. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.3 per cent, to...

JPMorgan fund in talks on taking $200m stake in SpiceJet

2014-12-26 00:00:00

MUMBAI, Dec 25 (Reuters): A fund managed by JPMorgan Chase is in advanced talks to partner with carrier SpiceJet Ltd's co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources...

Nikkei breaks winning streak in thin trade

2014-12-26 00:00:00

TOKYO, Dec 25 (Reuters): Japanese stocks skidded on Thursday in thin Christmas Day trade as investors booked gains after five consecutive days of gains. In the lowest trade by volume since September 1, the Nikkei benchmark lost 0.3 per cent...

JAL shares soar 9pc

2014-12-26 00:00:00

MUMBAI, Dec 25 (PTI): Shares of Jaiprakash Associates (JAL) on Wednesday zoomed nine per cent after Aditya Birla Group firm UltraTech announced the acquisition of its two plants in Madhya Pradesh for Rs 54  billion. Cheering the deal, shares of...

Rallies across country if foiled in Gazipur, warns Gayeshwar

2014-12-26 00:00:00

BNP standing committee member Gayeshwar Chandra Roy warned Thursday that they will hold rallies across the country Saturday if their scheduled one in Gazipur on the day is blocked by ruling party activists, reports UNB. "We'll go to Gazipur on...

BNP wants to create anarchy: Tofail

2014-12-26 00:00:00

BHOLA, Dec 25 (BSS): Commerce Minister Tofail Ahmed said Thursday BNP wanted to create anarchy in the country. "Think about Pakistan where 146 people were shot dead in an army-run school. Pakistan became a failed country. Someone wanted to make...

Bagha municipality mayor Akkas held, released later

2014-12-26 00:00:00

RAJSHAHI, Dec 25 (UNB): Police on Wednesday night arrested Bagha municipality mayor Akkas Ali of the district on charge of making disparaging remarks about Prime Minister Sheikh Hasina and State Minister for Foreign Affairs Shahriar Alam. Aminur Rahman, officer-in-charge of...

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2014-12-26 00:00:00

Bakshibazar violence preplanned: AL

2014-12-26 00:00:00

Awami League (AL) joint general secretary Mahbub-ul Alam Hanif said Thursday the clashes in city's Bakshibazar area over BNP chairperson Khaleda Zia's appearance in court and torching a car of an MP are preplanned, reports BSS. "Khaleda Zia launched the...

PM greets Abe on his reelection

2014-12-26 00:00:00

Prime Minister (PM) Sheikh Hasina congratulated her Japanese counterpart Shinzo Abe on his reelection as Japan's Prime Minister, reports UNB. "I'm most delighted to convey to you on behalf of the people and the government of Bangladesh the heartiest congratulations...