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EU clears Facebook’s $19b buyout of WhatsApp

2014-10-05 00:00:00

BRUSSELS, Oct 4 (AFP): European Union regulators on Friday cleared the buyout of the WhatsApp mobile messaging service by Facebook, despite opposition by telecom companies afraid of the growing power of US technology giants. In a statement explaining its approval...

US hiring accelerates, jobless rate hits six-year low

2014-10-05 00:00:00

WASHINGTON, Oct 4 (Reuters) : US employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015. Friday's report on employment is the most significant...

Photo: Athens: Communist affiliated protesters march in central Athens

2014-10-05 00:00:00

Fridge sales get boost in Khulna

2014-10-05 00:00:00

KHULNA, Oct 4 (BSS): Sale of refrigerators has marked a boost in the city as Eid-ul-Azha, the Muslim feast of sacrifice, is approaching fast, said manufacturers and vendors. Khulna is witnessing a brisk sale of refrigerator in the city markets...

Dubai foreign trade hits Dh28b

2014-10-05 00:00:00

DUBAI, Oct 4 (Gulf News): Dubai's foreign trade in products that are widely in demand during Eid festivities, such as readymade clothes, shoes, perfumes and cosmetics, climbed to around Dh28.2 billion in the first half of 2014, a 12 per...

China outbound investment pvt cos lead large increase

2014-10-05 00:00:00

BEIJING, Oct 4 (Xinhuanet): Despite recent growth, China's outbound investment remains small compared to developed countries like the US. But as more and more large private companies continue to emerge and flourish in China, analysts say they expect those firms...

China to sign energy, rail deal with Russia

2014-10-05 00:00:00

BEIJING, Oct 4 (Reuters): Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting next week that will also include a visit to Germany and the signing of energy and high-speed rail deals...

Surging oil exports help narrow US trade gap in August

2014-10-05 00:00:00

WASHINGTON, Oct 4 (AFP): Record oil exports helped shrink the US trade deficit in August, pointing to stronger economic growth in the third quarter, a Commerce Department report showed Friday. The trade gap fell to $40.1 billion in August from...

Emirates dnata to build new cargo terminal at DWC

2014-10-05 00:00:00

DUBAI, Oct 4 (Gulf News): Emirates Group's dnata will start construction on a new cargo terminal at Al Maktoum International at Dubai World Central (DWC) in the second quarter next year, Jon Conway, senior vice president - UAE airport operations,...

China\\\'s electronics industry sees slower sales growth, profit

2014-10-05 00:00:00

BEIJING, Oct 4 (Xinhua): China's electronics manufacturing industry saw sales value grow 9.7 per cent year on year to 6.42 trillion yuan (US$1.04 trillion) in the first eight months of 2014, latest official data showed. The growth rate marked a...

Iceland sees trade surplus of $45.3m in Sept

2014-10-05 00:00:00

REYKJAVIK, Oct 4 (Xinhua): Iceland saw its balance of trade decrease slightly to a surplus of US$45.3 million in September from a surplus of $55.4 million in August, according to a press release issued Friday by Statistics Iceland. Preliminary figures...

Eurozone retail trade volume up by 1.2pc in Aug

2014-10-05 00:00:00

BRUSSELS, Oct 4 (Xinhua): The eurozone seasonally volume of adjusted retail trade rose by 1.2 per cent in August compared with July, the statistical office of the European Union (EU) Eurostat said Friday. For the 28-nation EU area, the retail...

Photo: ATHENS, Greece: Greek Prime Minister Antonis Samaras (R) welcoming

2014-10-05 00:00:00

Photo: LOS ANGELES, California, United States: People shopping for fabric in the Fashion District here

2014-10-05 00:00:00

Photo: SHANGHAI, China: A car drives in front of residential homes

2014-10-05 00:00:00

EU backs merger to create world\\\'s biggest banana company

2014-10-05 00:00:00

BRUSSELS, Oct 4 (AFP): European Union competition regulators gave the green light Friday for a merger between US banana giant Chiquita and Irish rival Fyffes to create the world's biggest producer. Chiquita's merger with Fyffes was announced in March and...

Iran won\\\'t replace Russia as top gas supplier, Tass quotes Rouhani

2014-10-05 00:00:00

MOSCOW, Oct 4 (Reuters) : Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1. The European...

Taiwan’s health minister quits over ‘gutter oil’ scandal

2014-10-05 00:00:00

TAIPEI, Oct 4 (AFP): Taiwan's health minister Chiu Wen-ta has resigned over a food safety scare that has gripped the island after hundreds of tonnes of products made with "gutter oil" were removed from sale. Chiu had repeatedly offered to...

Commodities mostly slide as dollar races higher

2014-10-05 00:00:00

LONDON, Oct 4 (AFP) : Commodity prices mainly sank this week as the dollar soared on strong US payrolls data, while many markets were also weighed down by abundant supplies and weak demand, dealers said. Brent oil tumbled Friday to...

Global Commodity Prices

2014-10-05 00:00:00

No closed-end mutual fund in last 18 months

Mohammad Mufazzal | 2014-10-05 00:00:00

The country's capital markets witnessed no flotation of closed-end mutual fund (MF) in last 18 months although 36 companies went public during the period, officials said. The asset management companies (AMCs) said they failed to float any closed-end MF due...

Robi opens new Customer Centre in Ctg

2014-10-05 00:00:00

Robi Axiata Limited, country's fastest growing mobile operator, has opened a new Customer Experience Center in Chittagong to make it more convenient for its subscribers. The new center is located at BM Heights in Agrabad commercial area. The new customer...

Apex Spinning turnover up 2.70pc

FE Report | 2014-10-05 00:00:00

Apex Spinning and Knitting Mills Limited (ASKML), a listed company, has called for articulating and enforcing the improved standards of building safety, worker health and security in the readymade garment (RMG) industry in order to maintain its growth. "This industry...

MTB Unit Fund NAV disclosed

2014-10-05 00:00:00

The total NAV of MTB Unit Fund stood at Tk  325, 210,975.45 on the basis of cost price and Tk  319,375,108.95 on the basis of market price at the close of business operation on October 2, 2014. The face value...

Photo: Standard Bank Ltd

2014-10-05 00:00:00

Active Fine Chemicals Limited

2014-10-05 00:00:00

Indian markets post 2nd weekly decline

2014-10-05 00:00:00

MUMBAI, Oct 4 (Business Standard): Benchmark indices posted second weekly decline in a volatile week as the Reserve Bank of India (RBI) continued to maintain status quo on key policy rates while selling by foreign investors also dampened sentiment  in...

Stock funds worldwide post $10.1b outflows over week: BofA

2014-10-05 00:00:00

NEW YORK, Oct 4 (Reuters): Investors worldwide pulled a net $10.1 billion out of stock funds in the latest week on aversion to risk assets in response to a pullback in US stock prices, data from a Bank of America...

Pimco Total Return Fund posts record $23.5b net outflow in September

2014-10-05 00:00:00

CALIFORNIA, Oct 4 (Reuters): Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the...

IFCI postpones NSE stake sale

2014-10-05 00:00:00

MUMBAI, Oct 4 (Business Standard): IFCI, the Delhi-based government finance company, has postponed its plan to divest 2.5 per cent stake in the National Stock Exchange (NSE). According to two sources in the know of the matter, lower-than-expected bids from...