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Britain\\\'s top bosses earn \\\'131 times more\\\' than staff

2014-08-20 00:00:00

LONDON, Aug 19 (AFP): The heads of Britain's largest companies earned 131 times as much as their average employee last year, a study said Monday, exposing the growing pay gap between bosses and workers. The wage divide has more than...

Emirates offers special fares for Bangladeshi travellers

2014-08-20 00:00:00

Emirates has announced special return fares for both business class and economy class travellers from Bangladesh to select destinations in the USA, Europe, Africa and Middle East. Passengers travelling from Dhaka can book their return journey to North America starting...

Chairman of the board of directors of Bangladesh Commerce Bank Limited

2014-08-20 00:00:00

Japan to resume Fukushima rice exports

2014-08-20 00:00:00

TOKYO, Aug 19: Japan is to restart exports of rice grown in Fukushima for the first time since foreign sales were halted due to fears of contamination by the nuclear disaster there, officials said Tuesday. The National Federation of Agricultural...

China allows 3 more banks to import gold

2014-08-20 00:00:00

SINGAPORE/SHANGHAI, Aug 19: China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing...

Russian import ban fuels food price rises

2014-08-20 00:00:00

Food prices are rising in parts of Russia and experts say the state embargo on imports of Western food appears to be making things worse. Since the ban was imposed on August 7 imported pork used in processed meat in...

Indian e-commerce cos to invest $1.9b on infrastructure by 2020

2014-08-20 00:00:00

NEW DELHI, Aug 19: Buoyed by the growing popularity of online shopping in India, the e-commerce market, which is expected to reach $ 20 billion by 2020, will see companies investing close to $ 2.0 billion in logistics, infrastructure and...

US working with BD govt, ILO for GSP restoration: Mozena

2014-08-20 00:00:00

NARAYANGANJ, Aug 19 (UNB) : US Ambassador in Dhaka Dan W Mozena on Tuesday said the USA is working along with Bangladesh and the International Labour Organization (ILO) for the restoration of Generalised System of Preferences (GSP) facilities for Bangladesh....

Set up mfg plant in BD, Tofail urges TATA

2014-08-20 00:00:00

Commerce Minister Tofail Ahmed on Wednesday appealed to the Indian conglomerate, TATA Motors, to set up a manufacturing plant in Bangladesh. He said, "You should not limit yourself to marketing cars. We want TATA Motors to set up a manufacturing...

BB to pay tribute to two eminent economists today

2014-08-20 00:00:00

With conferring Bangladesh Bank Award 2013, the central bank at a programme Wednesday (today) is paying its highest tribute to two eminent economists for their lifetime and distinct contribution to the economy and the development of the country, reports UNB....

Dollar firm in Asia as Ukraine tensions ease

2014-08-20 00:00:00

TOKYO, Aug 19 (AFP): The dollar held steady in Asia on Tuesday as concerns over a Ukrainian clash with Russia eased, while investors looked to a speech by the US Federal Reserve chief this week. In afternoon Tokyo trade, the...

Alhaj Kafiluddin, chairman

2014-08-20 00:00:00

India wants northeastern states to have business with BD

2014-08-20 00:00:00

SYLHET, Aug 19 (UNB) :  Indian High Commissioner in Bangladesh Pankaj Saran on Tuesday said India wants its northeastern states to have greater business ties with Bangladesh. Although this relation has been weakened over the last few decades, India wants...

UK inflation falls more than expected

2014-08-20 00:00:00

LONDON, Aug 19 (Reuters) : British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year. Inflation dropped to 1.6 per...

US housing market improving, inflation pressures muted

2014-08-20 00:00:00

WASHINGTON, Aug 19 (Reuters) :  US housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low for a while. Groundbreaking...

BHP to spin off assets as annual net profit soars

2014-08-20 00:00:00

SYDNEY, Aug 19 (AFP) : Global mining giant BHP Billiton posted a 23.2 per cent jump in annual net profit Tuesday and said it will create a new independent company by spinning off non-core assets to reduce costs and boost...

HK shares down

2014-08-20 00:00:00

Hong Kong shares opened 0.14 per cent lower on Wednesday despite a positive lead from Wall Street. The benchmark Hang Seng Index was down 34.67 points at 25,088.28 points in the first few minutes of trade, according to AFP.

Maritime Forum Bangladesh formed

Our Correspondent | 2014-08-20 00:00:00

CHITTAGONG, Aug 19: The shipping related associations have formed a forum called Maritime Forum Bangladesh at a meeting held recently in the city. The six member forum is headed by its convenor Captain Zillur Rahman Bhuiyan. The Chittagong-based associations are...

Climate change to hit S Asian economy, forecasts ADB

2014-08-20 00:00:00

MANILA, Aug 19 (Xinhua): Climate change will slash up to 9.0 per cent off the South Asian economy every year by 2100 if the world continues on its current "fossil-fuel intensive path," the Asian Development Bank (ADB) said Tuesday. In...

Bodies of 3 Bangladeshis arrive Thursday

2014-08-20 00:00:00

The bodies of three Bangladeshi workers, killed in a span collapse in Malaysia, will arrive in Dhaka on Thursday morning. A flight carrying the bodies is scheduled to land at Hazrat Shahjalal International Airport around 6:30am, said an official in...

PHOTO

2014-08-20 00:00:00

Editors worried at broadcasting policy

FE Report | 2014-08-20 00:00:00

Editors in a meeting Wednesday expressed their concern over the recently-announced National Broadcasting Policy as they fear it would hinder freedom of expression and free flow of information. A statement issued by Chairman of the Editors’ Council Golam Sarwar said...

Myanmar implements central economic zone in border town with China

2014-08-20 00:00:00

YANGON, Aug 19 (Xinhua): Myanmar is implementing a new central economic zone in Muse, a border town in northern Shan state linking China's Ruili of Yunnan province, to boost border trade at the most important crossing between the two countries,...

More S\\\'pore cos delay payments in Q2

2014-08-20 00:00:00

SINGAPORE, Aug 19 (Xinhua): Only 47.38 per cent of the payments by companies in Singapore were made on time in the second quarter, down from 51.92 per cent in the previous quarter, Channel NewsAsia reported on Tuesday. This was mainly...

German central bank doubts economic outlook

2014-08-20 00:00:00

BERLIN, Aug 19 (Xinhua): German economic outlook would not be as bright as previously expected due to geopolitical tensions, although overall upward trend would not change, warned the German central bank Bundesbank on Monday. "The outlook for the German economy...

China suggested to cut interest rates

2014-08-20 00:00:00

BEIJING, Aug 19 (Reuters): China ought to loosen monetary policy further through "modest" cuts in bank lending rates and reserve requirements by next year to spur economic growth, a researcher at a government think-tank said. Chen Dongqi, deputy chief at...

Ukraine loses 15pc of grain crop due to fighting

2014-08-20 00:00:00

MOSCOW, Aug 19 (Reuters): Ukraine is losing 15 per cent of its 2014 grains crop due to fighting with pro-Moscow separatists in its eastern regions and Russia's annexation of the Crimea peninsula, Prime Minister Arseny Yatseniuk said. The country is...

Oil prices rebound in Asia

2014-08-20 00:00:00

SINGAPORE, Aug 19 (AFP): Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 38 cents to $96.79, while...

Malaysian palm oil hits new lows

2014-08-20 00:00:00

JAKARTA, Aug 19 (Reuters): Malaysian palm oil prices sank to their lowest levels in almost five years on Tuesday as declining crude and soybean oil prices pushed them down. By Tuesday's close, the benchmark November contract on the Bursa Malaysia...

Myanmar to highlight upstream energy activities in oil, gas fair

2014-08-20 00:00:00

YANGON, Aug. 19 (Xinhua): Aimed at flourishing Myanmar's energy sector, an oil and gas fair will take place in Yangon in mid October with focus on upstream oil and gas activities, according to the organiser of the event today. As...