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Half-yearly business confce of Mercantile Bank held

2014-08-10 00:00:00

The "Half-Yearly Business Conference - 2014" participated by the Heads of Branches and Divisional Heads of Head Office of Mercantile Bank Limited was held at a local hotel Saturday, said a statement. The Conference was inaugurated by the Chief Guest...

ICMAB team meets Amu

2014-08-10 00:00:00

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mr. Mohammed Salim, FCMA called on Mr. Amir Hossain Amu, MP, Minister for Industries, Government of the Peoples Republic of Bangladesh at his...

Mohiuddin Monem appointed Czech Honorary Consul

2014-08-10 00:00:00

Mr. A.S.M. Mohiuddin Monem has been appointed the Honorary Consul of the Czech Republic recently, says a press release. Mr. Monem is the Deputy Managing Director of Abdul Monem Limited, a leading business conglomerate of Bangladesh. He is also Chairman...

Central Ins chairman, vice-chairman elected

2014-08-10 00:00:00

Mr. Md. Nurul Islam has been elected Chairman of Central Insurance Company Ltd. in its 192nd meeting of the Board of Directors held recently. Mr. Md. Nurul Islam is a renowned businessman of the Country. He is the Proprietor of...

Sports journo Badrul Huda Chy dies

2014-08-10 00:00:00

Veteran journalist and sports commentator Badrul Huda Chowdhury died at his Chittagong residence at 7 am on Sunday. He was 84. Huda, who had been suffering from old-age complications for long, left behind his wife, three sons and three daughters...

Photo: Dhaka Bank Limited

2014-08-10 00:00:00

Photo:Jamuna Bank Limited (JBL)

2014-08-10 00:00:00

Photo: FinExcel

2014-08-10 00:00:00

Demand for safe-haven bonds up against war turmoil

2014-08-10 00:00:00

NEW YORK, Aug 9 (Reuters): Investors once again are snapping up high-dividend-paying US stocks as Treasury yields fall, which should keep utilities and telecom stocks near the top of the buying list for the near future. The S&P 500 utility...

Erdogan wins Turkish presidency with 52pc

2014-08-10 00:00:00

ISTANBUL: Turkish Prime Minister Recep Tayyip Erdogan Sunday won Turkey's presidency in the first round of elections with 52.1 per cent of the vote, an almost complete vote count said, according to a news Erdogan's main rival Ekmeleddin Ihsanoglu won...

India\\\'s MFs emerge from the shadow of last crash

2014-08-10 00:00:00

MUMBAI, Aug 9 (Business Standard): Money flowing into the equity schemes of mutual funds (MFs) is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent. In July, mutual fund managers...

Sebi slaps Rs 130m penalty on RIL

2014-08-10 00:00:00

MUMBAI, Aug 9 (Business Standard): The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 130 million on Reliance Industries Ltd (RIL) for violation of the listing agreement with regard to disclosure of a financial metric....

Wall Street rebounds, erases week\\\'s losses

2014-08-10 00:00:00

NEW YORK, Aug 9 (Reuters): The S&P and Dow both posted their best day since March on Friday, with the market buoyed by news that Russia was ending military drills near the Ukrainian border, while investors overlooked US air strikes...

European shares sink to lowest close since March

2014-08-10 00:00:00

LONDON, Aug 8 (Reuters): European shares fell on Friday, for the seventh time in eight sessions, on growing nervousness after US warplanes struck in Iraq for the first time since American troops pulled out in 2011. The FTSEurofirst 300 index...

Google settles US shareholder lawsuit over online drug ads

2014-08-10 00:00:00

SAN FRANCISCO, Aug 9 (Reuters): Google Inc has agreed to create a $250 million internal program to disrupt rogue online pharmacies as part of a deal to end shareholder litigation over accusations the search company improperly allowed ads from non-US...

HK benchmark share index posts first weekly loss in four

2014-08-10 00:00:00

HONG KONG, Aug 9 (Reuters): Hong Kong's benchmark share index had its first losing week in four, despite strength in Chinese energy companies on Friday due to higher oil prices. The Hang Seng Index fell 0.2 per cent on Friday...

IPO Diary

2014-08-10 00:00:00

IPO Diary

2014-08-10 00:00:00

Photo: Daffodil International University delegates

2014-08-10 00:00:00

Demand slump throws ship breakers into trouble

Shamsul Huda | 2014-08-10 00:00:00

Ship-breaking industry, the only scrap-iron source for feeding the domestic steel and re-rolling mills, is in trouble stemming from low demand and price variations, entrepreneurs said. The import of scrap ships in the last three years has declined 20 per...

BTRC to hire int\\\'l expert this month

Khairul Islam | 2014-08-10 00:00:00

The telecom regulator is going to appoint an international consultant by this month to make sure that the country's mobile telephony spectrum is managed well, a senior official said. The spectrum management involves pricing, proper distribution, and use by a...

New body of SWIFT Member & User Group elected

2014-08-10 00:00:00

Anis A. Khan, Managing Director & CEO of Mutual Trust Bank has been elected the Chairperson of the SWIFT Member & User Group of Bangladesh for 2014-2016. Ali Reza Iftekhar, Managing Director & CEO of Eastern Bank was elected as...

News Briefs

2014-08-10 00:00:00

GM recalls over 300,000 more vehicles NEW YORK, Aug 9: General Motors on Friday recalled more than 300,000 vehicles, most of them to address ignition problems, taking to over 29 million the number of GM cars recalled this year. GM,...

Photo: Deputy Governor of Bangladesh Bank

2014-08-10 00:00:00

Photo: EXIM Bank

2014-08-10 00:00:00

Bangladesh wants to become Dialogue Partner of Asean

2014-08-10 00:00:00

Bangladesh wants to make the best use of two-day 21st Asean Regional Forum (ARF) Ministerial meeting, being held in Nay Pyi Taw, the capital of Myanmar, to become a Dialogue Partner of important regional economic block - Asean, reports UNB....

RMG census to propel its growth stressed

2014-08-10 00:00:00

The country should carry out a Readymade Garment (RMG) census to know the exact number of workers working in the apparel industry and their characteristics, a leading economist said here Saturday, reports BSS. "Alongside looking into compliance issue, we need...

Yunus invited to launch social business project in Italy

2014-08-10 00:00:00

Nobel Laureate Prof Muhammad Yunus has been invited to launch a social business project in Palermo city, Italy, aiming to address the problem of youth unemployment there, reports UNB. The invitation came when Yunus met Palermo mayor Leoluca Orlando at...

Ex-Microsoft employee gets two years in prison for insider trades

2014-08-10 00:00:00

SEATTLE, Aug 9 (Reuters) : A former Microsoft Corp  employee was sentenced to two years in prison on Friday for his part in an insider trading scheme that netted him and his partner more than $400,000. Brian Jorgenson, 32, had...

Farmers happy getting lucrative price of summer tomato, beans in Barind

2014-08-10 00:00:00

RAJSHAHI, Aug 9 (BSS): Commercial farming of summer tomato and beans was started at different areas of the vast barind tract including Godagari Upazila of the district in 2011. Since then, as the farmers are being benefited acreage of the...