Brazil falls into recession as election looms BRASïLIA, Aug 30: Brazil, Latin America's largest economy, has slid into recession, further weakening President Dilma Rousseff, who faces an increasingly tough re-election battle on October 5. GDP shrank 0.6 percent in the...
TOKYO, Aug 30 (AFP) : Japan's defence ministry Friday made its biggest ever budget request, as Tokyo bolsters its military amid worries over China's expanding naval reach. The ministry wants 5.05 trillion yen ($48.7 billion) for the year, with the...
NEW DELHI Aug 30 (Reuters) : India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to...
OTTAWA, Aug 30 (AFP) : Canada's economy picked up momentum in the second quarter after starting the year in a slump, with activity increased in most sectors, the government statistical agency said Friday. Growth rose to 0.8 per cent, from...
MOSCOW, Aug 30 (AFP) : Russia has temporarily closed 12 branches of McDonald's on health grounds and is carrying out more than 100 inspections, the US fast food chain said Friday. Russia has cracked down on McDonald's this month, closing...
WASHINGTON, Aug 30 (Reuters) : US consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary. Another report on Friday showed a...
TOKYO, Aug 30 (AFP) : Japan's Panasonic will develop a water purification system together with India's Tata Group, tapping into a fast-growing market in Asia, a media report said Saturday. The electronics giant has developed a prototype of a device...
China graft watchdog probes another executive at car maker BEIJING, Aug 30 : China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the...
Yasir Wardad | 2014-08-31 00:00:00
Rice prices marked a fresh rise both at mill gates and retail following an increase in paddy prices, triggering sufferings for the fixed-income group of people. Millers and traders said prices are unlikely to decline before the Aman harvest. Prices...
BARGUNA, Aug 30 (BSS): A number of rural people in six upazilas of the district achieved not only self-reliance by making bamboo products but could also infuse a positive change in their lives. Bamboo craft has become the main profession...
Youngsters these days are obsessed with an array of energy drinks - 42 types-lining the shelves of shops both in rural and urban areas of the country with promises of energy, but a DNC report says these drinks are actually...
LONDON, Aug 30 (AFP) : Crude oil and wheat prices were lifted this week by intensifying concerns over the Ukraine crisis, while gold advanced as many investors sought shelter from geopolitical tensions. Many commodities also rose on bright economic growth...
Prime Minister Sheikh Hasina will hand over Unesco’s 2014 International Literacy Prizes to the awardees this year in Dhaka on September 8, an event going to be held in Dhaka for the first time. Usually, the award-giving ceremony takes place...
Banking sector showed rising capital strength with a weighted average core capital adequacy ratio of 10.68 per cent at the end of June, reports BSS. The level of capital adequacy was well above the 8.0 per cent risk-weighted assets, stipulated...
HONG KONG, Aug 30 (AFP): Asian markets were mixed Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data. While the rise in geopolitical uncertainty prompted investors to buy lower-risk...
Khairul Islam | 2014-08-31 00:00:00
The country's cellphone operators will push the government for forming a joint taskforce immediately to revise the current telecom policy what they call 'outdated'. Officials have said the existing policy is the major hindrance to attracting large-scale foreign investments in...
MUMBAI, Aug 30 (Business Standard): Asia's oldest stock exchange BSE has introduced incentives for retail investors who provide open interest in its equity derivative segment. The exchange has changed their trading incentives for brokers as well. The new retail investor...
BEIJING, Aug 30 (AFP): China's top leaders decided on Friday to cut salaries and restrict expense accounts and other perks of executives at state-owned enterprises (SOEs), official media reported, as they pursue a crackdown on corruption and extravagance. The decision...
NEW YORK, Aug 30 (Reuters): US stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a...
The total NAV of MTB Unit Fund stood at Tk 321,129,554.06 on the basis of cost price and Tk 303,424,075.84 on the basis of market price at the close of business operation on 28 August 2014. The face value per...
NEW YORK, Aug 30 (AFP): Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter. The...
A fire broke out at a readymade garment factory in the city’s Mirpur area Sunday afternoon. The fire originated at a go-down of ‘Cordial Design Ltd’ on the third floor of the six-storied ‘Salimuddin Market’ in Mirpur-1 around 5:35pm and...
FHM Humayan Kabir | 2014-08-31 00:00:00
A prevailing row between two government agencies over selection of a development partner has delayed further the implementation of the 128-kilometre Dohazari-Cox's Bazar-Ghundum railway line project, officials said Friday. Officials said the Ministry of Finance (MoF) and the Railway Ministry...
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