A fresh 3-day ceasefire agreed between Israel and Hamas in Gaza was holding on Monday. The agreement which took effect at midnight (21:00 GMT on Sunday) came after days of intense mediation by Egypt. If the truce continues to hold,...
The US dollar has weakened against the taka despite the central bank’s intervention to keep the greenback stable. Bangladesh Bank (BB) bought dollars at Tk 77.48 last week against Tk 77.75 in late April. In the inter-bank money market, dollar...
FE Online Report | 2014-08-11 00:00:00
Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange have suspended share trading of Shahjibazar Power Company Ltd (SPCL) Monday for ‘unusual’ price hike of its shares.The trading suspension order of the company will continue until further notice, officials said. “Pursuant...
Bangladesh's apex court has sent a report to the law ministry, asking it to take action against former Dhaka court judge Faruk Ahmmed, who allegedly resolved a number of cases ‘hastily’ before retiring. After media reports were run on Ahmmed,...
Turkish Prime Minister Recep Tayyip Erdogan promised the start of a ‘new era’ after winning presidential elections in an easy triumph, despite fears the country is creeping towards one-man rule. With Turkey still deeply polarised after bitter 2013 protests, Erdogan...
Narayanganj city Mayor Selina Hayat Ivy has said that the ‘godfathers of Narayanganj’ were ‘directly and indirectly’ involved in the abduction and murders of 7 people. She also demanded that the prime suspect of the 7 murders Nur Hossain be...
Australia and the United States will sign a 25-year deal allowing 2,500 US Marines and air force personnel to train Down Under, Defence Minister David Johnston said Monday, describing it as a ‘win-win situation’. The agreement will be inked Tuesday...
FE Online Report | 2014-08-11 00:00:00
Stocks closed higher for the six consecutive sessions on Monday with turnover improved further as investors continued to take position on large cap stocks. The market started with an upbeat note and the upturn continued till the market closure. Eventually,...
Canadian High Commissioner to Bangladesh Heather Cruden has said they will continue to watch very closely Bangladesh’s broadcast policy and its possible implications as Canada strongly believes in the freedom of media. ‘We’ll continue to watch very closely and to...
Local authorities say more than 100 prisoners have fled from a high-security facility after it was hit by shelling in the rebel stronghold of Donetsk in eastern Ukraine. City council spokesman Maxim Rovensky said Monday a jail riot was precipitated...
Iraq's embattled Prime Minister Nouri al-Maliki is taking his struggle to keep his job to the courts after announcing he will file a legal complaint on Monday against the country's newly elected president. The deadlock over a new government has...
Egyptian authorities stopped the executive director of Human Rights Watch and another US staffer from entering the country Monday ahead of the release of a critical report by the group on mass killings by security forces last summer, the group...
Prime Minister Sheikh Hasina on Monday expressed deep shock at the death of senior photojournalist MA Rakib Khan. In a message, Hasina said that the nation has lost a devoted and professional photojournalist with his death. The Prime Minister also...
Asian markets rose Monday following widespread falls last week, after Wall Street shrugged off fears over instability in Iraq and Ukraine. Tokyo rebounded 2.38 percent, closing up 352.15 points at 15,130.52 and making up much of the 2.98 percent dip...
British Prime Minister David Cameron is under pressure to do more on Iraq, with some members of his own party urging him to recall Parliament from its summer break to take up the matter. Lawmaker Conor Burns is leading the...
Customs officials at Hazrat Shahjalal (RA) International Airport seized 36 gold bars, weighing about 4.200 kilograms (kg), on Monday. They also arrested a Biman passenger in this connection. The arrested is Md Jamal Uddin, 45, who arrived in a flight...
The dollar rallied against the yen and euro on Monday after the unit plunged in the wake of last week's announcement that Washington had authorised air strikes in Iraq. The dollar strengthened to 102.13 yen in Tokyo afternoon trade, against...
South Africa's central bank stepped in to rescue embattled lender African Bank Investments Limited Sunday after its share price plummeted and it said it needed 8.5 billion rand ($800 million) to continue operating. The bank has been put under curatorship...
The Trustee Committee of the MTB Unit Fund has declared a cash dividend of 11 per cent per unit for unit-holders of the Fund for FY 2013-2014. Alliance Capital Asset Management Ltd (ACAML) is the Asset Manager of the MTB...
Sluggish Asian demand and a shift in Japanese production overseas will continue to weigh on exports, the Bank of Japan said, underscoring its waning conviction that overseas shipments will soon pick up and support a fragile economic recovery. The central...
Canada has suggested Bangladesh to diversify its exports to Canada to further expand bilateral trade ties between the two countries. “We want to expand our exports and we also encourage Bangladesh to diversify its exports to Canada just to enrich...
Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region, analysts said. US benchmark West Texas Intermediate for September delivery rose 32 cents to $97.97...
M Jashim Uddin, former first vice president of the FBCCI, has been elected president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for the 2014-2015 session. Giasuddin Ahmed has been elected senior vice president while KM Iqbal Hossain and...
Britain's Africa minister Mark Simmonds resigned on Monday, a spokesman for the prime minister's Downing Street office said, becoming the second Foreign Office minister to quit in a week. The spokesman insisted that Simmonds' decision was unrelated to that of...
Country’s export earnings totalled US$ 2,982.74 million in the first month (July) of the current fiscal (2014-15) showing a fall of 1.37 per cent due to shaky performance of the woven garment, home textile, leather, jute and jute-made goods. The...
Russia's economy grew by 0.8 per cent from April to June compared with output during the same period last year, a preliminary estimate by Russia's statistics committee showed on Monday. The figure is lower than a 1.2-per cent growth forecast...
The United States has begun urgently shipping arms and ammunition to the Iraqi Kurdish forces battling an advance by extremist Islamic State militants, a State Department spokeswoman said Monday. ‘We're working with the government of Iraq to increasingly and very...
Tata Motors' net profit more than tripled in the first quarter, the Indian giant said Monday, as sales soared at its British luxury marque Jaguar Land Rover. India's biggest automaker said consolidated group net profit climbed to 53.98 billion rupees...
Israeli and Palestinian negotiators resumed indirect talks mediated by Egypt on Monday on ending a month-old Gaza war, Egypt's state news agency said, after a new 72-hour truce appeared to be holding. The Israeli military said one rocket was launched...
In a development that raises a host of ethical issues, Spain announced it had obtained a scarce US-made experimental Ebola drug to treat a Spanish missionary priest infected with the killer virus. The Health Ministry statement came less than a...
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