Italy economy shrinks 0.2pc in Q2 MILAN, Aug 6: The Italian economy shrank by 0.2 per cent in the second quarter, dragging the eurozone's third-biggest economy back into recession, the national statistics agency said on Wednesday. The contraction, which follows...
MONROVIA, Aug 6 (AFP): In the deserted shops and marketplaces of West Africa's towns and cities, traders worry about a secondary, insidious effect of the world's most deadly Ebola outbreak: the prospect of financial ruin. The tropical virus has claimed...
BANGKOK, Aug 6 (AFP): Thailand's central bank held its key interest rate Wednesday as the kingdom's economy showed signs of revival after an army coup ended months of political protest which rattled consumers, tourists and investors. The Bank of Thailand...
SEOUL, Aug 6 (Xinhua): South Korea's finance ministry said Wednesday that it will levy taxes on companies with excessive internal reserves as part of efforts to funnel corporate money into consumers and revive the lackluster private consumption. The ministry unveiled...
WASHINGTON, Aug 6 (Reuters): The US trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2 year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce...
BEIJING, Aug 6 (Reuters): China will keep its monetary policy stable in the second-half of this year while making "targeted" adjustments to policy settings, the central bank said on Wednesday. Authorities would continue to refine China's currency and interest rate...
FRANKFURT, Aug 6 (AFP): The European Central Bank (ECB) has criticised plans by Hungary to ease household debt, warning they posed a possible threat to the Hungarian banking sector. In a legal opinion, signed by ECB president Mario Draghi and...
Bangladesh and South Africa on Wednesday agreed to strengthen ties on all fronts apart from exporting pharmaceuticals, readymade garments, furniture and plastic products by Bangladesh to the South African market. Both countries also agreed to hold a bilateral meeting on...
RAJSHAHI, Aug 6 (BSS): Existing water bodies especially the Baranai river flowing through the northern part of the city is being heavily polluted and contaminated with disposal of wastes and toxic chemicals, scientists and researchers here said. The crop fields...
SHANGHAI, Aug 6 (AFP) : China stepped up pressure on foreign carmakers in the world's biggest auto market Wednesday, pledging to punish German luxury brand Audi and Chrysler of the United States for "monopoly behaviour". The National Development and Reform...
WASHINGTON, Aug 6 (AFP) : The Washington Post, exactly one year after announcing its sale to Internet entrepreneur Jeff Bezos, said Tuesday it had its "biggest traffic month" ever in July. In a rare update for the now privately held...
SEOUL, Aug 6 (AFP) : Arch-rivals Samsung and Apple decided Wednesday to drop all patent disputes outside the United States, marking a partial ceasefire in a long-running legal war between the world's two largest smartphone makers. Both companies have been...
CAIRO, Aug 6 (AFP) : President Abdel Fattah al-Sisi launched Tuesday the construction of a $4 billion "new Suez Canal" that aims to speed up traffic along the existing waterway and boost Egypt's battered economy. The project foresees the creation...
Bangladesh wants Nepal to join the next Joint Working Group (JWG) meeting among Bangladesh, Bhutan and India to be held in New Delhi, aiming to enhance cooperation in the energy sector, reports UNB. Nepalese Energy Minister Radha Kumari Gyawali already...
MUMBAI, Aug 6 ( PTI) : The Indian rupee depreciated by 30 paise to 61.14 against the US currency in early trade at the Interbank Foreign Exchange market Wednesday due to the dollar's gain against other currencies overseas. Forex dealers...
FE Report | 2014-08-07 00:00:00
Stocks edged marginally up Wednesday with turnover crossing Tk 6.50 billion after three and a half months as favourable prices spurred investors' participation. "Banks' reduced deposit interest rate and low prices of stocks jacked the buying spree up," said an...
FE Report | 2014-08-07 00:00:00
The Asian Development Bank (ADB) will provide US$100 million in loans to the government to help improve the capacity, efficiency and safety of the Bangladesh Railway. The fund is the third tranche of the $430 million multi-tranche financing facility agreed...
FE Report | 2014-08-07 00:00:00
The government's latest decision on promotion of four members of the National Board of Revenue (NBR) as 'Secretary' would expedite decision making process on tax issues and strengthen revenue administration, officials said. The NBR members got the promotion to Grade-I...
Jamuna Bank gets new DMD Md. Habibur Rahman has recently been promoted as Deputy Managing Director of Jamuna Bank Ltd. Prior to his promotion, he was the Senior Executive Vice President and Head of Credit Risk Management Division of Jamuna...
FE Report | 2014-08-07 00:00:00
Winners of mBillionth Awards South Asia 2014 for promoting innovations in the field of information and communication technology for development were announced in New Delhi recently. The awards, which recognize innovations in mobile applications and service delivery, were spread over...
FE Report | 2014-08-07 00:00:00
The Initial Public Offering (IPO) lottery of the Saif Powertec Limited will take place today (Thursday) at the Institution of Engineers, Bangladesh (IEB) at Ramna in the city at 10:30 in the morning. The Company has taken all preparations for...
Bangladesh Bank (BB) Wednesday revoked the Prime Bank's mobile banking permission on ground of gross irregularities by the bank in mobile banking operations, reports BSS. Conveying the decision, the central bank Wednesday sent a letter to the Prime Bank authorities,...
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