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British PM vows to fight EU payment despite fines warning

2014-10-29 00:00:00

LONDON, Oct 28 (AFP) : British Prime Minister David Cameron on Monday brushed off an EU payment demand despite the European Commission's warning that Britain faces fines if it does not pay up by December 1. "Britain will not be...

Japan\\\'s SoftBank investing $627m in Indian online giant Snapdeal

2014-10-29 00:00:00

TOKYO, Oct 28 (AFP) : SoftBank said Tuesday it would invest $627 million in Snapdeal, becoming the largest shareholder in India's leading online marketplace as the Japanese mobile carrier strengthens its presence in the fast-growing market. The announcement comes on...

Dollar steady in Asia before Fed meeting

2014-10-29 00:00:00

TOKYO, Oct 28 (AFP):  The dollar held steady in Asia on Tuesday before the US Federal Reserve starts a two-day policy meeting that is expected to see it wind up its six-year-old stimulus programme. The greenback edged up to 107.86...

Pfizer beats sales and profit forecasts, mum on future deals

2014-10-29 00:00:00

NEW YORK, Oct 28 (Reuters) :  Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts...

Dollar steady in Asia before Fed meeting

2014-10-29 00:00:00

TOKYO, Oct 28 (AFP):  The dollar held steady in Asia on Tuesday before the US Federal Reserve starts a two-day policy meeting that is expected to see it wind up its six-year-old stimulus programme. The greenback edged up to 107.86...

Sweden sets record low zero interest rate to boost inflation

2014-10-29 00:00:00

STOCKHOLM, Oct 28 (AFP) : The Swedish central bank set a zero base interest rate on Tuesday, deciding to cut its key rate by a quarter of a per centage point in a drive to push up exceptionally low inflation....

News in Brief

2014-10-29 00:00:00

Children hit hard by Portugal's economic woes: UN LISBON, Oct 28:  Children have been hit hard by the economic crisis in Portugal, which escaped bankruptcy in 2011, with family allowances slashed and taxes raised, the UN children's agency said Monday....

DSE turnover dips below Tk 5.0 billion-mark

FE Report | 2014-10-29 00:00:00

Stocks returned to the red Tuesday after previous day's marginal gain with turnover hitting to three-month low on the prime bourse as fear of further fall taking toll on investors' sentiment. The market opened with an upward mood, but could...

Shahjibazar Power whops abnormally

Mohammad Mufazzal | 2014-10-29 00:00:00

Share price of Shahjibazar Power Company Limited (SPCL) rose by 94.30 per cent in seven consecutive trading sessions despite the company's profit declined in third quarter (January-March, 2014) as per special audit conducted following the regulatory instruction. On Tuesday, in...

News Briefs

2014-10-29 00:00:00

Western Marine makes debut Nov 2 Western Marine Shipyard Limited (WMSL) will make trading debut at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from November 02 (Sunday) under 'N' category, officials said. DSE trading code for Western Marine...

Photo: AB Bank Limited

2014-10-29 00:00:00

Photo: Nestle Bangladesh Ltd

2014-10-29 00:00:00

Sensex, Nifty climb to one-month closing high

2014-10-29 00:00:00

MUMBAI, Oct 28 (Reuters): The BSE Sensex and Nifty rose on Tuesday to their highest close in more than a month, with drugmakers getting a shot in the arm after Ranbaxy Laboratories Ltd reported its first profit in six quarters....

Hong Kong shares end up

2014-10-29 00:00:00

SHANGHAI, Oct 28 (Reuters) - Hong Kong shares rose on Tuesday, underpinned by expectations for a slower pace of US interest rate rises and more reforms at Chinese state-owned enterprises (SOEs). The Hang Seng Index unofficially closed up 1.6 per...

StanChart shares tumble to five-year low

2014-10-29 00:00:00

HONG KONG/LONDON, Oct 28 (Reuters): Asia-focused bank Standard Chartered Plc warned investors that profits would fall in the second half of this year, after quarterly earnings were hit by a surge in bad loans and higher regulation and compliance costs....

Religare Securities launches virtual stock trading platform

2014-10-29 00:00:00

MUMBAI, Oct 28 (PTI): Religare Securities Ltd (RSL), a retail broking arm of Religare Enterprises (REL) today said it has partnered with Singapore-based financial technology firm TrakInvest to launch a cutting-edge virtual stock trading platform for its users. The new...

Religare Securities launches virtual stock trading platform

2014-10-29 00:00:00

MUMBAI, Oct 28 (PTI): Religare Securities Ltd (RSL), a retail broking arm of Religare Enterprises (REL) today said it has partnered with Singapore-based financial technology firm TrakInvest to launch a cutting-edge virtual stock trading platform for its users. The new...

Photo: Prime Bank Limited

2014-10-29 00:00:00

Photo: Pubali Bank Ltd

2014-10-29 00:00:00

Photo: NCC Bank Training Institute

2014-10-29 00:00:00

Photo: Eastern Bank Ltd (EBL)

2014-10-29 00:00:00

Today\\\'s Market Review

2014-10-29 00:00:00

Banking: Promoting financial literacy from an early age

Shah Md. Ahsan Habib | 2014-10-29 00:00:00

Promoting financial literacy is connected with promoting sustainable financial sector. Though the term 'financial literacy' indicates financial awareness plus financial knowledge and skills, generally 'financial awareness' and 'financial literacy' are used synonymously. There is no doubt that 'financial awareness' is...

Dysfunctional UP committees

2014-10-29 00:00:00

If the objective is to take government service at people's doorsteps at the grass-roots level, the present set of union parishad (UP) committees are of no help. In effect the 13 standing committees of a UP are a mini edition...

Transport sector beyond control?

Shamsul Huq Zahid | 2014-10-29 00:00:00

A major accident involving a launch or a bus or a train usually triggers a lot of activities on the part of the ministers and officials concerned. But such hyper response to the post-accident situation tends to be short-lived. For...

The way early marriage aids poverty

Md Abdur Rashid | 2014-10-29 00:00:00

Early marriage is a grave concern in our country. Mostly girls are falling victim to the social ills. They are bearing the brunt of it on different fronts including health, education, policy making and social, political, cultural and economic empowerment....

German offer on factory safety

2014-10-29 00:00:00

It's indeed good to know that Germany is ready to share their knowledge about apparel factory safety and help Bangladesh implement it. The European market is the largest for Bangladesh's readymade garments (RMG) and the export item is enjoying duty-free...

Changing rules without customers\\\' knowledge

2014-10-29 00:00:00

Mobile phone operators are often changing rules without informing their customers of it. I am a GrameenPhone subscriber and I use this network to browse the Internet on my Smartphone. My mobile phone number is 01716013979.  A few days back...

The Tigers end their jinx

2014-10-29 00:00:00

The Tigers have finally won an international match and ended their losing streak to the relief of the sports-loving people of our country. But that did not come before a jittery finish. My heart was pumping excessively, when the first...

The changing role of education

Hasan Shams Ahmed | 2014-10-29 00:00:00

The Oxford dictionary defines education as the "process of receiving or giving systematic instruction, especially at a school or university". The definition itself leads to the belief that education is a systematic method and that all humans learn a particular...