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ICB AMCL discloses NAV of MFs

2014-08-08 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 August 6, 2014, said a...

Afghan unity talks at early impasse

Hamid Shalizi and Jeremy Laurence of Reuters from Kabul | 2014-08-08 00:00:00

The two men vying to become Afghanistan's next leader may have shaken hands on a deal to resolve a bitterly disputed election, but they are miles apart on a critical component of their gentleman's agreement - forming a united government....

Palestine seeks ICC war crimes case against Israel

Jussi Rosendahl and Anthony Deutsch of Reuters from The Hague | 2014-08-08 00:00:00

Palestinian Foreign Minister Riad al-Malki said there was "clear evidence" of war crimes by Israel during its offensive in Gaza as he met International Criminal Court prosecutors to push for an investigation. Malki visited The Hague shortly after Israel and...

India bets on Modi touch to reform infrastructure PPP drive

Tommy Wilkes of Reuters from New Delhi | 2014-08-08 00:00:00

India's new government is betting on Prime Minister Narendra Modi to replicate his relative success with regional infrastructure projects to ensure fewer public-private partnerships (PPP) stall for want of land. The government wants private companies to contribute half of a...

Powdered milk risky for infants: Experts

2014-08-08 00:00:00

JESSORE, Aug 7 (BSS): One year old Paru of Shanta village in Sharsha Upazila here is suffering from moderate malnutrition. Rahela, mother of Paru, told the agency that she could not give breast milk to her baby for two months...

Gold up on geopolitical tensions in Ukraine

2014-08-08 00:00:00

CHICAGO, Aug 7 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange rose yesterday as tensions mounted on borders between Russia and Ukraine, boosting demand for safe haven assets. The most active gold contract for December...

Oil prices extend falls

2014-08-08 00:00:00

LONDON, Aug 07 (AFP): Oil prices hit fresh multi-month low points on Thursday as markets gear up for an expected drop in US gasoline demand, while worries about potential supply disruptions have subsided. US benchmark West Texas Intermediate for delivery...

Putin signs anti-sanction decree banning agricultural imports from West

2014-08-08 00:00:00

MOSCOW, Aug. 7 (Xinhua): Russian President Vladimir Putin has signed a decree banning or limiting the import of agricultural products from countries that imposed sanctions on Moscow, the Kremlin press office said yesterday. The decree, which came immediately into force,...

Nickel rises on Russia sanctions concerns, copper steadies

2014-08-08 00:00:00

LONDON, Aug 7 (Reuters): Nickel prices rose by up to 2.3 per cent on Thursday, lifted by the closure of a mine in Papua New Guinea and the prospect that wider Western sanctions against Russia could soon affect the major...

US oil production could hit 14 ml bpd

2014-08-08 00:00:00

HOUSTON, Aug. 7 (Xinhua): Technological advances will allow energy firms to pump more crude out of oil plays and drive US oil production to as high as 14 million barrels per day in 2016, an oil company executive said yesterday....

Chicago agricultural commodities rise on tensions in Ukraine

2014-08-08 00:00:00

CHICAGO, Aug. 7 (Xinhua): Chicago agricultural commodities closed higher yesterday as tensions in Ukraine led to a rush of short covering. The most active corn contract for December delivery rose 7 cents, or 1.91 per cent, to close at 3.7425...

\\\'International factoring\\\' sought as trade payment mechanism

FE report | 2014-08-08 00:00:00

Local banks, enterprises and trade bodies are in favour of introducing 'international factoring' on an experiment basis at the initial stage as the practice is still unfamiliar to most of the local stakeholders like banks and exporters, a study has...

New power project gets Tk 1.0b loan from BIFFL

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

The Bangladesh Infrastructure Finance Fund Ltd (BIFFL), a new state-run financial institution, has provided loan amounting to Tk 1.0 billion to a private company for setting up a power plant in Munsiganj. It was the first loan of BIFFL since...

Billions in investments underscore US shift toward focus on trade with Africa

2014-08-08 00:00:00

WASHINGTON, Aug. 7 (Xinhua): This week's US-Africa Leaders Summit wrapped up yesterday after the announcement of 33 billion US dollars in investment commitments, highlighting Washington's shift toward a focus on trade with the continent, experts say. The unprecedented event, which...

India approves foreign investment hike in railways, defence

2014-08-08 00:00:00

NEW DELHI, Aug 7 (AFP): India's cabinet has approved plans to open its defence and railways industries to foreign investment as new Prime Minister Narendra Modi's right-wing administration moves to reform and revive the ailing economy. The cabinet agreed late...

News Briefs

2014-08-08 00:00:00

Spanish factories raise output MADRID, Aug 7: Spanish factories boosted production in the year to June for the eighth month in a row, official data showed Monday, as a hesitant economic recovery gathered strength. Spanish industry pushed up output by...

Photo: Mario Draghi, president of the European Central Bank (ECB)

2014-08-08 00:00:00

RBI chief warns of another mkt crash

2014-08-08 00:00:00

NEW DELHI, Aug 7 (AFP): India's central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors chasing...

EU, Canada end free trade talks

2014-08-08 00:00:00

BRUSSELS, Aug 7 (Xinhua): The European Union (EU) and Canada on Wednesday finished negotiations on the Comprehensive Economic and Trade Agreement (CETA), said an EU official statement. Following last October's breakthrough on the political issues regarding the free trade agreement...

Sri Lanka to cut rate

2014-08-08 00:00:00

COLOMBO, Aug 7 (Reuters): Sri Lanka's central bank chief said on Thursday there is a greater chance of a cut in key monetary policy rates than a hike, despite the IMF's advice to keep key rates on hold for the...

British govt to explore Bitcoin potential

2014-08-08 00:00:00

LONDON, Aug 7 (AFP): British finance minister George Osborne said Wednesday the government would further explore the potential of digital currencies such as Bitcoin. The regulation of virtual and digital currencies, and the risks associated with them, will be examined...

ECB holds key rate at 0.15pc

2014-08-08 00:00:00

FRANKFURT, Aug 7 (AFP): The European Central Bank held its key interest rates unchanged at its regular policy meeting Thursday, two months after easing monetary conditions in the 18-country euro area. As widely expected, the ECB's decision-making governing council decided...

Bans against Russia a heavy blow to Finnish economy

2014-08-08 00:00:00

HELSINKI, Aug 7 (Xinhua): While voicing his support for the latest round of EU sanctions against Russia, Finnish Prime Minister Alexander Stubb admitted that it will exert a significant indirect impact on the Finnish economy. He told a press conference...

Moody\\\'s maintains Cyprus ratings

2014-08-08 00:00:00

NCOSIA, Aug 7 (Xinhua): Moody's international ratings agency has maintained Cyprus's Caa3 ratings with a positive outlook but warned of a default risk in a report on Wednesday. Despite the better than expected performance of the Cypriot economy, Moody's said...

Photo: The DB police nabbed seven persons along with fake currencies

2014-08-08 00:00:00

exchange rate

2014-08-08 00:00:00

Global growth to slow as populations age: Moody\\\'s

2014-08-08 00:00:00

PARIS, Aug 07 (AFP): As populations age around the world, economies will be held back and growth trends will slow sharply in the next 20 years, a report forecast on Thursday. The mismatch of old people to the numbers of...

Dollar mixed ahead of central bank meetings

2014-08-08 00:00:00

NEW YORK, Aug 7 (AFP): The dollar Wednesday dropped against the yen and the euro, but gained on the British pound ahead of central bank meetings in Britain, Japan and Europe later this week. The euro, which had dropped to...

Asia\\\'s most expensive home per square foot on sale in Hong Kong

2014-08-08 00:00:00

HONG KONG, Aug 07 (AFP): Asia's most expensive home per square foot is set to go on sale in Hong Kong, which boasts some of the world's costliest properties despite efforts to curb skyrocketing prices. The 4,661 square-foot (433 square-metre)...

World Bank trims Philippine growth forecast, sees higher inflation

2014-08-08 00:00:00

MANILA, Aug 7 (Reuters): The World Bank lowered its growth forecasts for the Philippines this year and the next after weak state spending in the second quarter and a tightening of monetary policy, but the bank said strong domestic demand...