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China to open up more sectors to private investment to spur growth

2014-10-26 00:00:00

BEIJING, Oct 25 (Reuters): China's State Council will expand the scope of private investment in key sectors, including telecoms and transport, it said on Friday, as part of measures to support the slowing economy. China's economy, the world's second largest,...

Eurozone risks \\\'relapse into recession\\\' without structural reforms : Draghi

2014-10-26 00:00:00

BRUSSELS, Oct 25 (Reuters): The ECB's president warned divided euro zone leaders on Friday they risked "a relapse into recession" if they failed to press ahead with structural economic reforms, a message welcomed by German Chancellor Angela Merkel. With a...

Russian govt approves law to clamp down on offshore tax sheltering

2014-10-26 00:00:00

MOSCOW, Oct 25 (Reuters): Russia's government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters. The law is part of a range of measures initiated by President Vladimir Putin, and collectively...

Russian govt approves law to clamp down on offshore tax sheltering

2014-10-26 00:00:00

MOSCOW, Oct 25 (Reuters): Russia's government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters. The law is part of a range of measures initiated by President Vladimir Putin, and collectively...

US new home sales at six-year high

2014-10-26 00:00:00

WASHINGTON, Oct 25 (Reuters): Sales of new US single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales...

China\\\'s auto market growth may halve to 7.0pc this year

2014-10-26 00:00:00

SHANGHAI, Oct 25 (Reuters): Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year...

Indian, Chinese firms leading top 10 Asian tech billionaire list

2014-10-26 00:00:00

SINGAPORE, Oct 25 (PTI): Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaire list with $136 billion net assets, according to an industry source and recent market data. India was represented by three entrepreneurs with combined...

Arun Jaitley favours interest rate cut

2014-10-26 00:00:00

NEW DELHI, Oct 25 (Reuters): India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy...

UK GDP rises by 0.7pc in Q3

2014-10-26 00:00:00

UK economic growth slowed in the three months to September, with the economy expanding by 0.7 per cent, the Office for National Statistics said. The figure was weaker than the 0.9 per cent expansion recorded for the second quarter, reports...

NSE, BSE plan to sell stakes in depository arms

2014-10-26 00:00:00

MUMBAI, Oct 25 (Business Standard): India's two national bourses plan to sell stakes in their depository arms, which together account for 22 million investor accounts and demat assets worth Rs 121 trillion. National Stock Exchange (NSE) is in talks with...

IPO subscription of National Feed begins today

FE Report | 2014-10-26 00:00:00

The initial public offering (IPO) subscription of National Feed Mill Limited (NFML) begins today (Sunday) while public subscription of C & A Textiles Ltd and IFAD Autos Ltd will take place next month. The public subscription of National Feed Mill...

MTB Unit Fund NAV disclosed

2014-10-26 00:00:00

The total NAV of MTB Unit Fund stood at Tk  333,696,930.31 on the basis of cost price and Tk  317,823,823,.83 on the basis of market price at the close of business operation on October 16. The face value per unit...

FIs donate Tk 17.20m to Lib War Museum

2014-10-26 00:00:00

Bangladesh Leasing and Finance Companies Association (BLFCA) and Financial Institution Promoters Association (FIPA) Saturday jointly donated Tk 17.20 million to develop Liberation War Museum. Bangladesh Bank Governor Dr Atiur Rahman formally handed over the cheque to the Trustee of the...

Photo: Islami Bank Bangladesh Limited (IBBL)

2014-10-26 00:00:00

Photo: Social Islami Bank Limited (SIBL)

2014-10-26 00:00:00

Global equity markets rise after strong corporate results

2014-10-26 00:00:00

NEW YORK, Oct 25 (Reuters): Global equity markets rose on Friday after strong corporate results from Microsoft and Procter & Gamble and reduced concerns over the possible spread of Ebola boosted US shares and kept safe-haven US Treasuries prices stable....

FSIBL celebrates 15th anniversary

2014-10-26 00:00:00

On the occasion of 15th anniversary of First Security Islami Bank Limited (FSIBL), a meeting was arranged with managers, executives and officers of Chittagong Zone at Hotel Agrabad, Chittagong on Saturday, reports UNB. The meeting was presided over by Managing...

Nikkei rises to 2-week high

2014-10-26 00:00:00

TOKYO, Oct 25 (Reuters): Japanese shares rose to a two-week high on Friday as the weaker yen lifted exporters, while renewed fears about the spread of the Ebola virus in the United States bolstered Ebola-related stocks such as Fujifilm Holdings...

Hong Kong shares slip

2014-10-26 00:00:00

SHANGHAI, Oct 25 (Reuters): Hong Kong shares finished lower on Friday, dragged down by weak Chinese property data and corporate results from major companies. The Hang Seng Index unofficially closed down 0.1 per cent at 23,302.20 points. The China Enterprises...

Photo: A H M Mustafa Kamal, MP, Minister for Planning

2014-10-26 00:00:00

Photo: ASM Shakil, Director Commercial received the Best Air Express Company 2014 award

2014-10-26 00:00:00

IPO Diary

2014-10-26 00:00:00

Confidence Cement Limited

2014-10-26 00:00:00

Repeated calls for dialogue not a weakness, says BNP

2014-10-26 00:00:00

BNP acting secretary general Mirza Fakrul Islam Alamgir warned Saturday that it will be a mistake for the government if it thinks that their repeated calls for dialogue as their weakness, reports UNB. "Dialogue is the language of democracy. There's...

Nasim terms BNP-Jamaat masked evil forces

2014-10-26 00:00:00

Awami League (AL) presidium member and Health and Family Welfare Minister Muhammad Nasim categorically said the BNP-Jamaat axis has been doing politics in the country as masked evil forces at present, reports BSS. He further said the BNP-Jamaat has betrayed...

Govt launches aid web portal today

FE Report | 2014-10-26 00:00:00

The government launches an aid web portal today (Sunday) to increase transparency and accountability in a bid to ensure more efficient aid management. Economic Relations Division (ERD) officials said on Saturday the main objectives of the Aid Information Management System...

Jubo Dal president Alal among 64 held in city

2014-10-26 00:00:00

Police in a drive arrested 64 leaders and activists of BNP and its front organizations, including Jubo Dal president Syed Moazzem Hossain Alal, from his Lalmatia residence in the capital Saturday, reports UNB. Deputy Commissioner (Tejgaon Division) of Dhaka Metropolitan...

Photo: The coffin of Jamaat leader Ghulam Azam

2014-10-26 00:00:00

Ghulam Azam buried

2014-10-25 00:00:00

War crimes convict and ex-Jamaat ameer Ghulam Azam was buried on Saturday after his namaz-e-janaza at Baitul Mukarram National Mosque. The Jamaat guru was buried beside his father at his family graveyard at city’s Moghbazar around 3:30pm. Earlier, his namaz-e-janaza...

Ashura on Nov 4

2014-10-25 00:00:00

The holy Ashura will be observed across the country on November 4, as the moon of Muharram month was sighted on Saturday. The decision was taken at a meeting of the National Moon Sighting Committee at the Islamic Foundation conference...