The Public Administration Ministry has formed a committee to further investigate the allegation of tampering the awards given to foreign friends for their outstanding contribution to the country’s Liberation War. The ministry has issued a circular in this regard, senior...
NEW YORK, Aug 2 (AFP): The US judge presiding over Argentina's bitter dispute with two hedge funds left the country stranded in default Friday, ordering it to hold new negotiations and calling for an end to "mistrust." Despite fighting tooth-and-nail,...
NEW DELHI/GENEVA, Aug 2 (Reuters): India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organisation (WTO) members can agree to its parallel demand for concessions on stockpiling food, senior officials in New...
TOKYO, Aug 2 (Reuters): Japan's economy probably shrank for the first time in nearly two years during the April-June quarter, dragged down by weaker-than-expected consumer spending after a sales tax hike and disappointing factory output, a Reuters poll showed. Exports,...
NICOSIA, Aug 2 (Xinhua): The Central Bank of Cyprus (CBC) has suspended the process for the sale of the Cypriot branch of the Federal Bank of Middle East (FBME) pending a court decision, a CBC official said on Saturday. FBME...
HONG KONG, Aug 2 (Reuters): The first of Hong Kong's banks kicked off earnings on Friday with the biggest family-run lender posting a record interim profit after giving more loans to mainland borrowers, renewing investor focus on credit lines to...
MOSCOW, Aug 2 (Reuters): Russia's top lender, Sberbank , faces rising borrowing costs and a squeeze on its margins after being included in the latest European Union sanctions over the Ukraine crisis. In its heaviest penalties on Moscow over the...
PHNOM PENH, Aug 2 (Xinhua): Cambodia is projected to receive 4.6 million international visitors this year, an expected rise of 10 per cent from 4.2 million last year, Minister of Tourism Thong Khon said Saturday. "In the first six months...
FE Report | 2014-08-03 00:00:00
The Essential Drugs Company Limited (EDCL) has submitted its revised proposal to offload shares under direct listing method after two years of getting approval to be listed with the bourses, officials said. The officials of the Bangladesh Securities and Exchange...
FE Report | 2014-08-03 00:00:00
Share trading and official activities at the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) will resume today (Sunday) after a nine-day Eid vacation including weekly holidays, officials said. The DSE authorities on July 10 announced that the...
Emerson Network Power, a business of Emerson, and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, recently announced that it has appointed Computer Source Ltd. as a distributor for its range of uninterruptible power supply (UPS)and...
Mohammad Ali | 2014-08-03 00:00:00
Sponsor-shareholders of the listed companies are not being able to move to legally fight in the Appellate Division regarding the securities regulator's notification on mandatory holding of 2.0 per cent shares, as full text of the High Court Division's judgment...
FE Report | 2014-08-03 00:00:00
Bank accounts of the Tuba Group have not been frozen and that indicates no official impediment for the apparel group to paying wages to its workers even during custody of its managing director, circles concerned have said. Leaders of the...
After a two-year slumber following a decade of record capital inflows, private equity (PE) in the Asia-Pacific region posted a surprisingly strong start in 2014. Investment value in the first quarter shot up to US$22 billion, more than double the...
MUMBAI, Aug 2 (Business Standard): Indian markets shrugged off positive data and slumped due to weakness in global equities and aggressive selling by Foreign institutional investors (FIIs) in the week ended Friday. Investors remained cautious as they feared US Federal...
NEW YORK, Aug 2 (Reuters): US stocks ended lower for a second day and the S&P 500 posted its biggest weekly decline since 2012 on Friday as concerns over Argentina's default continued to dog sentiment. Data showing US job growth...
NEW YORK, Aug 2 (Reuters): Investors in US-based funds poured a net $7.6 billion into stock funds in the week ended July 30 on optimism that US stocks could climb further, data from Thomson Reuters' Lipper service showed on last...
MUMBAI, Aug 2 (Business Standard): The BSE has revised the circuit filter, a mechanism which decides the maximum amount by which a stock can move in a day, for over 1,500 companies. The changes were made as part of a...
TURIN, Italy, Aug 2 (AFP): Fiat shareholders on Friday approved the reorganisation of the Italian carmaker's business that will see its headquarters move to the Netherlands before it launches on Wall Street later this year. The changes will also see...
HONG KONG, Aug 2 (Reuters): Hong Kong shares finished lower on Friday tracking softer overseas markets ahead of US jobs data later in the session, with property developer Cheung Kong leading the slide. The Hang Seng Index closed down 0.9...
MUMBAI, Aug 2 (Business Standard): The Securities and Exchange Board of India (Sebi) has criticised companies which wrap up their annual general meetings (AGMs) within 15 minutes. AGMs are once-a-year exercises, allowing shareholders to interact with company officials. "Allocation of...
GLASGOW, Aug 2 (AFP): Athletics legend Usain Bolt took centre stage with a rapturous return to the track at the Commonwealth Games Friday as Australian Sally Pearson defended her 100m hurdles crown in style. It was Bolt's first competitive outing...
GLASGOW, Aug 2 (AFP): Australia will face India or New Zealand for their fifth consecutive men's hockey Commonwealth Games gold after they comfortably saw off England 4-1 Saturday. "We expected a very tough game against a very strong opponent, but...
SOUTHAMPTON, Aug 2 (AFP): Moeen Ali's performance in taking six wickets during England's first Test win in nearly a year has left national coach Peter Moores excited by the heights the off-spinner could yet reach in international cricket. Ali's second-innings...
KARACHI, Aug 2 (AFP): Skipper Misbah-ul Haq and head coach Waqar Younis Saturday said they were aiming for Pakistan to claim the top Test spot as they left for a Test and one-day series against Sri Lanka. Pakistan, currently third...
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