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exchange rate

2014-09-19 00:00:00

China launches gold market to bolster fortunes of FTZ

2014-09-19 00:00:00

SHANGHAI, Sept 18 (AFP): China, one of the world's biggest gold consumers, Thursday launched a new market for trading the precious metal, state media said, as it seeks to attract foreign investors to a year-old free trade zone (FTZ). The...

Apple iPhone lacks \\\'key\\\' licence in China

2014-09-19 00:00:00

SHANGHAI, Sept 18 (AFP): Apple's iPhone 6 still lacks a key network access licence in China, state media confirmed Thursday on the eve of its global launch, breaking official silence on why sales of the smartphone will be delayed. The...

Bank borrowing in new ECB programme below forecasts

2014-09-19 00:00:00

FRANKFURT, Sept 18 (AFP): The European Central Bank (ECB) said Thursday that it had leant 82.6 billion euros to 255 banks under its new lending programme aimed at boosting the economy via private-sector loans. "The programme is designed to enhance...

Weak yen fails to boost exports as Japan logs trade deficit

2014-09-19 00:00:00

TOKYO, Sept 18 (AFP): Japan posted Thursday its 26th consecutive monthly trade deficit, as a sharply weaker yen failed to lift exports as the world's number three economy stalls. Despite narrowing marginally from a year earlier, Japan's August trade shortfall...

Indonesia \\\'optimistic\\\' of 7.0pc growth by 2017

2014-09-19 00:00:00

HONG KONG, Sept 18 (AFP): Indonesia's finance minister said Thursday he was "optimistic" the country could achieve 7.0 per cent growth by 2017 but warned that incoming president Joko Widodo faces a major challenge in pushing much-needed infrastructure development. Southeast...

Swiss central bank holds key interest rate

2014-09-19 00:00:00

GENEVA, Sept 18 (AFP): Switzerland's central bank held its key interest rate steady on Thursday and restated its pledge to hold down the value of the Swiss franc, but warned the economic outlook had "deteriorated considerably". The Swiss National Bank...

Ericsson to stop making modems

2014-09-19 00:00:00

STOCKHOLM, Sept 18 (AFP): Swedish telecom equipment company Ericsson said on Thursday that it would stop developing modems, a decision affecting almost 1,600 employees worldwide which is expected to lead to hundreds of job cuts. The group said in a...

G20 grapples with growth targets

2014-09-19 00:00:00

CAIRNS, Australia, Sept 18 (AFP): Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery. Strengthening...

News in Brief

2014-09-19 00:00:00

Global billionaire population to cross 3,800 by 2020 NEW DELHI, Sept 18: The population of billionaires globally is likely to surpass 3,800 by 2020, with the technology sector expected to create a significant number of new super-rich in the coming...

Photo: A model showcases a 8.41 carat pear-shape internally flawless fancy vivid pink

2014-09-19 00:00:00

Stocks pick up steam despite shutdown

FE Report | 2014-09-19 00:00:00

Stocks ended higher Thursday for the third session in a row with key index of the major bourse crossing the 4,800-point mark, despite the countrywide shutdown enforced by opposition Bangladesh Jamaat-e-Islami. The market started with a flying note, shrugging-off the...

Southeast Bank ups authorised capital to Tk 15b

2014-09-19 00:00:00

Southeast Bank Ltd increased the authorised capital of the bank from Tk 10 billion to Tk 15 billion and issued 7-year Non-Convertible Subordinated Bond for Tk 3.0 billion to increase the bank's Tier-II capital, said a statement. General shareholders present...

Robi signs corporate deal with Exim Bank

2014-09-19 00:00:00

Leading mobile phone operator Robi Axiata Limited Thursday signed a corporate deal with Exim Bank, reports UNB. Robi Chief Operating Officer Mahtab Uddin Ahmed and Exim Bank Managing Director Dr Mohammed Haider Ali Miah signed the agreement of behalf of...

CIP status to 11 NRBs awarded

FE Report | 2014-09-19 00:00:00

The government awarded Thursday Commercially Important Person (CIP) status to 11 non-resident Bangladeshis (NRBs) for their outstanding contribution in sending remittances to the country. Khandker Mosharraf Hossain, Minister for Expatriates' Welfare and Overseas Employment presented the CIP cards to the...

IFAD Autos to raise Tk637b thru\\\' IPO

FE Report | 2014-09-19 00:00:00

The securities regulator Thursday approved the IPO (initial public offering) proposal of IFAD Autos, which will raise a fund of Tk 637.5 million under fixed price method, officials said. The approval came at a commission meeting held at the office...

News Briefs

2014-09-19 00:00:00

Withdrawal of authorised representatives ICB Securities ICB Securities Trading Company Limited, DSE TREC No. 129, has withdrawn one of its authorised representatives, Mr. Mohammad Saidul Islam, with immediate effect. IDLC Securities IDLC Securities Ltd., DSE TREC No. 58, has withdrawn...

Photo: Eastern Bank Ltd. (EBL)

2014-09-19 00:00:00

Photo: Dhaka Bank Limited

2014-09-19 00:00:00

Nifty, Sensex post biggest daily gain in over 3 months

2014-09-19 00:00:00

MUMBAI, Sept 18 (Reuters): The BSE Sensex and Nifty Indian shares surged nearly 2 per cent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related...

European shares climb to 2-week high

2014-09-19 00:00:00

LONDON, Sept 18 (Reuters): European equities advanced on Thursday, with a key index climbing to a two-week high after the US Federal Reserve renewed a pledge to keep ultra-low interest rates for a considerable time. However UK shares slightly underperformed...

SGX to introduce minimum trading price for mainboard-listed firms

2014-09-19 00:00:00

SINGAPORE, Sept 18 (Xinhua): The Monetary Authority of Singapore and the Singapore Exchange (SGX) have decided to introduce a minimum trading price for mainboard-listed stocks as a continuing listing requirement, the exchange said yesterday. "Given the strong public support for...

HK shares finish lower

2014-09-19 00:00:00

HONG KONG, Sept 18 (Reuters): Hong Kong shares finished lower on Thursday after weak Chinese housing data heightened concerns of a deepening downtrend in the property sector that is weighing on the broader economy. China's new home prices fell in...

Tokyo stocks close up 1.13pc

2014-09-19 00:00:00

TOKYO, Sept 18 (AFP): Tokyo's Nikkei stock index rose 1.13 per cent on Thursday to its highest close since early January as a sharply weaker yen boosted exporter shares, but Sony plunged after warning of a huge annual loss. The...

Liakat elected AIBL director

2014-09-19 00:00:00

Md Liakat Ali Chowdhury has been elected as director of the board of Al-Arafah Islami Bank Ltd (AIBL). He was elected unanimously in the 261st meeting of the board of directors held recently. Mr Chowdhury hailed from a respectable Muslim...

Green Delta Securities gets CFI award

2014-09-19 00:00:00

Green Delta Securities Limited (GDSL), a subsidiary of Green Delta Insurance Company Limited, recently received the prestigious Capital Finance International (CFI) award for the best stockbrokerage in Bangladesh, said a press release. With this award, Green Delta Securities has become...

ICB AMCL discloses NAV of MFs

2014-09-19 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different mutual funds (MFs) at the close of business operation on September 17, 2014, said a...

ICB AMCL discloses NAV of different funds

2014-09-19 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different open-end mutual funds (MFs) at the close of business operation on September 17, 2014, said...

Photo: Islami Bank Bangladesh Limited (IBBL)

2014-09-19 00:00:00

Photo: Fareast Islami Life Insurance Company Limited

2014-09-19 00:00:00