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Gail (India) hits new high

2014-11-02 00:00:00

MUMBAI, Nov 1 (Business Standard): Gail (India) has moved higher by 8 per cent to Rs 552, also its record high on NSE, after reporting better-than-expected 42 per cent year-on-year (yoy) jump in net profit at Rs 13.03 billion for...

AGM/EGM/Record Date (Last Updated on October 30, 2014)

2014-11-02 00:00:00

IPO Diary

2014-11-02 00:00:00

China\\\'s October factory growth hits five-month low

2014-11-02 00:00:00

BEIJING, Nov 1 (Reuters):  China's factory activity unexpectedly fell to a five-month low in October as firms fought slowing orders and rising costs in the cooling economy, reinforcing views that the country's growth outlook is hazy at best. The official...

Dow, S&P surge into record territory after Japan stimulus

2014-11-02 00:00:00

NEW YORK, Nov 1 (Agencies): The Dow and S&P 500 surged into fresh record territory in opening trade Friday after the Bank of Japan's surprise stimulus move lifted global equity markets. About 20 minutes into trade, the Dow Jones Industrial...

US consumer sentiment at highest since July 2007

2014-11-02 00:00:00

WASHINGTON, Nov 1 (Reuters) :  US consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favourable personal financial expectations, a survey released on Friday showed. The...

German pilots won\\\'t strike during negotiations with Lufthansa

2014-11-02 00:00:00

FRANKFURT, Nov 1 (Reuters) : German pilots' union Vereinigung Cockpit (VC) will abstain from industrial action during negotiations with airline Lufthansa over pay and early retirement benefits, Germany's Focus magazine reported. A dispute between Lufthansa and the union has resulted...

Call for virtual banking with innovative services

FE Report | 2014-11-02 00:00:00

Panelists at a national seminar on Saturday recommended preparing a virtual landscape offering innovative banking services in the country to harmonise the sector with the future demand of consumers being habituated with the use of smart phones and Internet. They...

Stock funds worldwide attract $20.4b inflows in latest week: BofA

2014-11-02 00:00:00

NEW YORK, Nov 1 (Reuters): Investors worldwide poured $20.4 billion into stock funds in the week ended Oct. 29, the largest in more than a year, data from a Bank of America Merrill Lynch Global Research report showed on Friday....

IT professionals to meet in mid-Nov to generate innovative ideas

FE Report | 2014-11-02 00:00:00

The country's IT professionals, entrepreneurs and freelancers will gather this month in a brainstorming conference intended to generate innovative ideas. Bangladesh Internet Professionals' Community (BIPC), an internet based platform, will hold the daylong session on November 14, 2014 at Mohanagar...

US shares surge into record territory after Japan stimulus

2014-11-02 00:00:00

NEW YORK, Nov 1 (AFP): US stocks soared into record territory Friday following the Bank of Japan's surprise stimulus, which spurred a wave of buying in markets around the globe. Strong earnings from oil and technology companies, and Thursday's buoyant...

Malaysia-Hong Kong tie-up to offer Islamic funds to Chinese investors

2014-11-02 00:00:00

DUBAI, Nov 1 (Reuters): A tie-up between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand sharia-compliant investment products outside the industry's core centres in southeast Asia and the Middle East. The asset...

Sri Lankan stocks rise to 3-wk top on rising banks

2014-11-02 00:00:00

COLOMBO, Nov 1 (Reuters): Sri Lankan stocks rose for a seventh straight session Friday to hit a three-week high, led by banks and foreign investors as corporate earnings and lower rates helped lift sentiment. Sri Lanka's main stock index ended...

Airtel enhances \\\'Shobai Ek\\\' plan

2014-11-02 00:00:00

Airtel Bangladesh Ltd, one of the leading mobile operators in the country, further enhanced the "Shobai Ek" plan by adding unlimited validity of 1p/s tariff as a core feature, reports UNB. Airtel launched "Shobai Ek" plan this September revolutionizing the...

Photo: DBL Group

2014-11-02 00:00:00

Photo: Habiganj Plastics Ltd. and Mutual Trust Bank Ltd. (MTB)

2014-11-02 00:00:00

DCCI-GEF agreement to boost trade, investment

FE Report | 2014-11-02 00:00:00

Dhaka Chamber of Commerce and Industry (DCCI) and Global Economist Forum (GEF) agreed Saturday to work together for developing the country's trade and investment. To push the move forward, the DCCI and GEF signed a memorandum of understanding (MoU) on...

JP Morgan found hackers through breach of corporate event website

2014-11-02 00:00:00

NEW YORK, Nov 1 (Reuters) : JP Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times...

FBCCI urges NBR to extend tax return filing deadline till Nov 30

FE Report | 2014-11-02 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) called upon the National Board of Revenue (NBR) Saturday to extend the deadline further for submitting income tax returns until November 30, 2014.   The apex trade body has sent a...

Juncker\\\'s new EU Commission takes office

2014-11-02 00:00:00

BRUSSELS, Nov 1 (AFP): The new European Commission led by EU veteran Jean-Claude Juncker formally took office Saturday, promising to "get down to work" as Europe faces a host of political and economic challenges. The agenda is heavy, with Juncker...

Starbucks Americas sales disappoint on softer traffic

2014-11-02 00:00:00

FOUNTAIN VALLEY, California,  Nov 1 (Reuters) : Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its US cafes, disappointing Wall Street and sending the company's shares down almost 5 per cent....

Finland to send trade team soon

2014-11-02 00:00:00

Finland will soon send a high-power trade and investment delegation  in the capital city to explore the areas of opportunities as the Nordic country wants to strengthen trade ties with Bangladesh, reports UNB. Finland President Sauli Niinistö conveyed it when...

Brazil says car taxes in line with WTO rules

2014-11-02 00:00:00

BRASILIA, Nov 1 (Xinhua):  Brazil's taxes on imported cars comply with World Trade Organisation (WTO) rules, Foreign Minister Luiz Alberto Figueiredo said Friday. The comment came after the European Union (EU) announced earlier in the day that it had asked...

Russian ruble hits new dollar low despite rate rise

2014-11-02 00:00:00

MOSCOW, Nov 1 (AFP): The ruble hit a new record low on Friday, falling to more than 43 rubles to the dollar, despite defensive action by the central bank which raised interest rates a short time earlier. The ruble was...

Photo: Rapport Bangladesh Limited

2014-11-02 00:00:00

Pakistan eye series win after Aussie batsmen fail again

2014-11-02 00:00:00

ABU DHABI, Nov 1 (AFP): Pakistan tightened their grip on the second Test and the series after the third day's play, stretching their overall lead to 370 at stumps in Abu Dhabi Saturday. Pakistan were 61-2 at the close in...

BCCI demands $42m in damages from WICB

2014-11-02 00:00:00

Calling West Indies' pull-out midway into the India tour a "monumental disaster", the Board of Control for Cricket in India (BCCI) has slapped a US$41.97m damages claim on the West Indies Cricket Board (WICB), reports Cricinfo. The BCCI also suspended...

SWID Nat\\\'l Indoor Games concludes

2014-11-02 00:00:00

Walton 1st Society for the Welfare of the Intellectually Disabled (SWID) Bangladesh National Indoor Games Tournament concluded Saturday at the Alamgir MA Kabir Auditorium in the city, reports UNB. Results of the final day: Badminton (girls group): Rabeya Khatun (champion);...

Raonic downs Federer at Paris Masters

2014-11-02 00:00:00

PARIS, Nov 1 (AP): Milos Raonic perfectly timed his maiden win over Roger Federer. The seventh-seeded Raonic, who had never beaten the 17-Grand Slam champion in six previous meetings, hit 21 aces and lost only 15 points on his serve...

Flame Boys beat Swatirtha 41-5

2014-11-02 00:00:00

Flame Boys Club trounced Swatirtha Club by 41-5 goals in a match of the Marcel LED Television 1st Division Handball League at the Shaheed Captain M Mansur Ali National Handball Stadium in the city Saturday, reports UNB. Flame Boys dominated...