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Ghana seeks IMF bailout for ailing currency

2014-08-05 00:00:00

ACCRA, Aug 4 (AFP): Ghana has requested a bailout from the International Monetary Fund (IMF) to stem a huge slump in its currency, Finance Minister Seth Terkper said Monday. Once a shining example of economic growth in Africa, Ghana is...

Falling dinar set to take toll on Tunis people

2014-08-05 00:00:00

TUNIS/DUBAI, Aug 4 (Reuters): Weakness of Tunisia's dinar is undermining the purchasing power of its citizens and evoking memories of the country's economic crisis after its 2011 revolution. But this time, the dinar's depreciation may point to a stronger financial...

Juncker asks Europe to remain \\\'vigilant\\\' against economic crisis

2014-08-05 00:00:00

ATHENS, Aug 4 (AFP): Europe must remain "vigilant" against new financial challenges as it struggles to overcome the lingering effects of the debt crisis, the European Commission's incoming head Jean-Claude Juncker said on Monday. The day after Brussels gave the...

S\\\'pore July PMI at 1-year peak

2014-08-05 00:00:00

SINGAPORE, Aug 4 (Reuters): Singapore's manufacturing activity expanded in July at its fastest rate in a year as orders in the key electronics sector surged, a survey showed on Monday, adding to evidence that factory activity across Asia picked up...

China sees more new firms in service sector

2014-08-05 00:00:00

BEIJING, Aug 4 (Xinhua): The number of newly-registered companies in China's service sector stood at 1.3 million in the first six months of the year, according to a report of the National Development and Reform Commission (NDRC) on Sunday. They...

exchange rate

2014-08-05 00:00:00

Photo: Songkhubddho Nari Samaj brought out a procession

2014-08-05 00:00:00

Char people becoming self-reliant thru\\\' boosting animal husbandry

2014-08-05 00:00:00

RANGPUR, Aug 4(BSS) : Tens of hundreds of the extremely poor people, mostly women, living in the remote char areas, have been changing their fortune to become self-reliant through boosting animal husbandry sector in recent years. The char people achieved...

Indonesia posts trade deficit due to Ramadan imports

2014-08-05 00:00:00

JAKARTA, Aug 4 (AFP) : Indonesia's trade balance swung to a slim deficit in June as imports of food and clothes rose ahead of the Islamic holy month of Ramadan and Eid holiday, official data showed Monday. The deficit in...

Euro slips in Asia on Portugal bank bailout

2014-08-05 00:00:00

TOKYO, Aug 4 (AFP) :  The euro slipped against the dollar in Asia on Monday following news of a bailout for a crisis-hit Portuguese bank, while the dollar held steady after falling on US jobs data. Portugal's central bank announced...

Spanish jobless number slips as summer tourism opens

2014-08-05 00:00:00

MADRID, Aug 4 (AFP) :  Spain's jobless queue shrank a little in July, the government said Monday, as the summer tourism season opened. The number of people registered as unemployed fell month-on-month by 29,841 people, or 0.67 per cent, to...

Iliad may face tough battle cutting costs at T-Mobile

2014-08-05 00:00:00

WASHINGTON, Aug 4 (Reuters) : French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is...

HSBC says reform pressures unprecedented as profits drop

2014-08-05 00:00:00

LONDON, Aug 4 (Reuters) : Europe's largest bank HSBC  warned on Monday that a growing body of international regulations was putting its staff under unprecedented pressure and discouraging them from taking risks. In a strongly worded statement, HSBC's chairman Douglas...

Main bourse sees buying spree on large cap stocks

FE Report | 2014-08-05 00:00:00

Turnover value on the Dhaka Stock Exchange (DSE) crossed Tk 5.50 billion-mark Monday after three months, powered by investors' buying spree on large cap stocks. Daily turnover value jumped to Tk 5.60 billion, registering an increase of 30.84 per cent...

New products to help increase turnover of stock market

Mohammad Mufazzal | 2014-08-05 00:00:00

The premier bourse will introduce new products to help increase turnover of the capital market. The new products-- exchange traded fund (ETF), derivatives and options-will also bring diversifications in the capital market.  "We will introduce the new products to successfully...

European stock markets close higher for second day

2014-08-05 00:00:00

LONDON: European stock markets ended higher for a second day running on Tuesday, staging a tentative rebound from last week's losses after positive earnings and a bank rescue in Portugal. Frankfurt's main DAX index rose 0.39 per cent to end...

EBL wins accolade at Global Brand Excellence Awards

2014-08-05 00:00:00

Leading financial brand of the country EBL received accolade at the Global Brand Excellence Awards held in Singapore recently. EBL received the honour for the second time. This year the Award was given in 'Brand Revitalization' category in recognition of...

News Briefs

2014-08-05 00:00:00

Completion of shares sale/ buy Jamuna Bank Limited Sirajul Islam, one of the Sponsors/Directors of the Company, has further reported that he has completed his buy of 1,26,000 shares of the Company at prevailing market price through Stock Exchange as...

Photo: Southeast Bank

2014-08-05 00:00:00

Photo: Islami Bank Bangladesh Limited

2014-08-05 00:00:00

Sensex snaps two-day losing streak, up over 200 points

2014-08-05 00:00:00

MUMBAI, Aug 4 (Reuters): The Sensex surged more than 200 points and Nifty also ended higher on Monday after two days of losses as software services exporters such as Infosys rallied on a weaker rupee while lenders gained a day...

European bourses hit by German, Swiss stock mkts\\\' underperformance

2014-08-05 00:00:00

LONDON, Aug 4 (Reuters) - The German and Swiss stock markets were the worst performers in Europe on Monday, as the impact of sanctions against Russia pegged back equities and offset some relief over a rescue deal for Banco Espirito...

HK shares end 0.28pc higher

2014-08-05 00:00:00

HONG KONG, Aug 4 (AFP): Hong Kong stocks closed up 0.28 per cent on Monday, with China bucking a regional trend as other Asian markets were unsettled by drops on Wall Street and debt concerns in Portugal. The benchmark Hang...

GE happy with weak Synchrony IPO debut

2014-08-05 00:00:00

NEW YORK, Aug 4 (AFP): General Electric (GE) chief executive Jeffrey Immelt said on Monday he was happy with the market launch of Synchrony Financial last week, despite its struggle to maintain its $23 initial public offering (IPO) price. "Given...

Tokyo stocks close down 0.31pc

2014-08-05 00:00:00

TOKYO, Aug 4 (AFP): Tokyo stocks closed 0.31 per cent lower on Monday, with investors discouraged by drops on Wall Street last week, a higher yen and concerns over the European economy. The benchmark Nikkei 225 index fell 48.61 points...

Photo: The 19th branch of NRBC Bank

2014-08-05 00:00:00

Photo: Jahangir Bin Alam, Secretary, India-Bangladesh Chamber of Commerce and Industry

2014-08-05 00:00:00

IPO Diary

2014-08-05 00:00:00

Govt\\\'s only agenda to make country \\\'oppositionless,\\\' alleges Fakhrul

2014-08-05 00:00:00

Criticising the government for not releasing his party colleague Khandaker Mosharraf Hossain despite a High Court (HC) bail, BNP spokesman Mirza Fakhrul Islam Alamgir said Monday that making the country 'opposition- less' is the current regime's only agenda, reports UNB....

\\\'Khaleda\\\'s politics of jealousy, conspiracy not suitable now\\\'

2014-08-05 00:00:00

Awami League (AL) Advisory Council member and former Railway Minister Suranjit Sengupta said Monday BNP chairperson Khaleda Zia's politics of jealousy and conspiracy is not suitable in the present days, reports BSS. "Pursuance of her (Begum Zia) politics of killing,...