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Argentine stocks close up 7.0pc before default news

2014-08-01 00:00:00

BUENOS AIRES, July 31 (AFP): Argentine stocks rose Wednesday on optimism of a deal to avoid a sovereign debt default, hopes that ratings agency Standard & Poor's dashed just after the market closed by declaring the country in "selective default."...

Trading suspended in stricken Portugal bank BES

2014-08-01 00:00:00

LISBON, July 31 (AFP): Lisbon stock market authorities on Thursday suspended trading in Banco Espirito Santo until 0900 GMT after the stricken Portuguese bank announced historic losses. BES posted first-half losses of 3.57 billion euros ($4.78 billion) late on Wednesday....

Taiwan to soon regulate stock research reports to limit manipulation

2014-08-01 00:00:00

TAIPEI, July 31 (Reuters): Taiwan's financial regulators will soon ban foreign and local brokerages from giving target prices for individual stocks to the media, an official said on Thursday, a step aimed at preventing market manipulation. The ban will be...

Japan\\\'s Nintendo shares plunge more than 6.0pc

2014-08-01 00:00:00

TOKYO, July 31 (AFP): Shares in Nintendo fell more than six per cent on Thursday after the Japanese videogame giant announced it was still mired in the red. Nintendo closed down 6.49 per cent at 11,525.0 yen on the Tokyo...

Movement of BNP to be constitutional

2014-08-01 00:00:00

BNP joint secretary general Ruhul Kabir Rizvi on Friday said that the BNP’s post-Eid movement will be democratic and in keeping with the Constitution. The BNP’s highest policymaking standing committee will decide the programmes for the movement, he said at...

Photo: SOUTH KOREA: A shipyard of Hyundai Heavy Industries is seen in Ulsan recently.

2014-08-01 00:00:00

Insulator factory may be relocated to Savar

Faruque Ahmed | 2014-08-01 00:00:00

The Ministry of Industries is weighing an initial proposal for shifting Bangladesh Insulator and Sanitary Wear Factory from Mirpur to Savar as industrial park cannot be developed on the excess land at its present site for space constraint.     As proposed,...

S&P 500, Nasdaq end up as Fed in no rush to raise rates

2014-08-01 00:00:00

NEW YORK, July 31 (Reuters): The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the US economy while reaffirming that it is in no hurry to raise interest rates. The US...

Alcatel-Lucent cuts losses but shares slump

2014-08-01 00:00:00

PARIS, July 31 (AFP): Telecommunication equipment group Alcatel-Lucent said Thursday it cut net losses by more than half in the second quarter as it battles to rebuild after years of setbacks. But its shares plun ged 8.71 per cent to...

Neymar aiming at Aug 18 return

2014-08-01 00:00:00

Neymar's injured back is healing well and he is aiming to return to action in a friendly for his club Barcelona on Aug. 18, the Brazil forward said. Neymar fractured a bone in his back following a challenge from Colombia...

ANA drops plan to buy stake in Myanmar airline

2014-08-01 00:00:00

TOKYO, July 31 (AFP): Japan's All Nippon Airways (ANA) has dropped its plan to buy a 49-per cent stake in a Myanmar airline, blaming "intensified" competition in the country as it quickly emerges from years of economic isolation. ANA Holdings...

AL taking preparations to politically face BNP movement

2014-08-01 00:00:00

Ruling Awami League is taking preparations to politically tackle BNP-led 20-party alliance in the field during the upcoming anti-government movement threatened by the BNP after Eid-ul-Fitr. “Surely, we’ll have our plan to face the so-called movement politically,” Food Minister Quamrul...

HK shares post best month since 2012

2014-08-01 00:00:00

HONG KONG, July 31 (Reuters): Hong Kong shares posted their best monthly performance since 2012 on Thursday, though gains for the day were capped by weakness in a few Chinese heavyweight companies. The Hang Seng Index closed up 0.1 per...

Kering shares jump on positive outlook

2014-08-01 00:00:00

PARIS, July 31 (AFP): Shares in French luxury products group Kering jumped in initial trading on Thursday on a positive outlook for performance despite a profits fall. The shares surged 5.12 per cent to 160.10 euros. The overall French stock...

Nifty falls the most in 2-1/2 weeks

2014-08-01 00:00:00

MUMBAI, July 31 (Reuters): The Nifty fell nearly 1 per cent on Thursday, marking its biggest single-day fall in nearly 2-1/2 weeks as foreign investors sales and expiry of July derivatives weighed on blue-chips such as Housing Development Finance Corp....

Alibaba to invest in Snapchat

2014-08-01 00:00:00

NEW YORK, July 31 (AFP): Snapchat has held talks with Chinese e-commerce giant Alibaba toward a possible investment in the mobile-messaging startup, US media have reported. It was not clear whether the discussions will lead to a deal, the reports...

ICB AMCL declares dividend on open-end mutual funds

2014-08-01 00:00:00

The Trustee Committee of the following Funds managed by ICB Asset Management Company Limited in its meeting held recently approved dividend for the FY 2013-2014. The unit holders, whose names appeared in the Registers of the under mentioned Funds on...

IPO Diary

2014-08-01 00:00:00

Marcell Singna Boat Race today

2014-08-01 00:00:00

The Walton Marcell Singna Boat Race will be held today (Friday) at the Kumari Beell of Kalihati Upazila in Tangail district, reports UNB. One hundred 100 Men's teams and 5 Women's teams, split in 5 categories, will compete in the...

Ali\\\'s six appeal too strong for India

2014-08-01 00:00:00

SOUTHAMPTON, United Kingdom, July 31 (AFP): Moeen Ali spun England to victory as they ended a run of 10 Tests without a win by beating India by 266 runs in the third Test at Southampton Thursday. Ali took six for...

Olympic champions Rudisha, Pearson take centre stage

2014-08-01 00:00:00

GLASGOW, July 31 (AFP): Olympic champions David Rudisha and Sally Pearson take centre stage at the Commonwealth Games Thursday where seven medals are up for grabs on the fifth day of track and field. Kenya's Rudisha, who set a blistering...

Liverpool edge Man City on penalties in friendly

2014-08-01 00:00:00

NEW YORK, July 31 (AFP): Liverpool rallied twice against Manchester City and triumphed 3-2 in a penalty shoot-out Wednesday after their pre-season friendly at baseball's Yankee Stadium ended 2-2 after regular time. Stevan Jovetic scored twice for Manchester City, but...

Serena on song in WTA return at Stanford

2014-08-01 00:00:00

STANFORD, United States, July 31 (AFP): Serena Williams put a worrying Wimbledon behind her Wednesday, launching her build-up to the US Open with a 7-5, 6-2 victory over Karolina Pliskova at Stanford. The American world number one, playing for the...

Kallis ends int’l career

2014-08-01 00:00:00

JOHANNESBURG, July 31 (AFP): South Africa all-rounder Jacques Kallis  Wednesday announced his retirement from all forms of international cricket. The 38-year-old, South Africa's all-time leading Test scorer with 13,174 runs, had already brought the curtain down on his Test career...

Argentine football chief Grondona dies

2014-08-01 00:00:00

BUENOS AIRES, July 31 (AFP): Julio Grondona, the veteran president of the Argentine Football Association (AFA) and FIFA vice-president, died Wednesday at the age of 82 in a Buenos Aires clinic, AFA sources reported. The all-powerful figure, who had been...

NZ to impose lengthy jail terms for match-fixing

2014-08-01 00:00:00

WELLINGTON, July 31 (AFP): New Zealand is to slap a seven-year jail term on anyone caught match-fixing under a new law due to take effect before it hosts the Cricket World Cup and Under-20 FIFA World Cup next year. The...

Japan catches Neymer fever

2014-08-01 00:00:00

TOKYO, July 31 (AFP): Tokyo caught "Neymar fever" Thursday when the Brazilian superstar jetted into the Japanese capital sporting sunglasses, baseball cap and designer stubble on a whistle-stop visit to sign a sponsorship deal with a bed manufacturer. The 22-year-old...

sports digest

2014-08-01 00:00:00

Villumsen lands landmark medal for NZ GLASGOW, July 31: Linda Villumsen claimed an historic 600th Commonwealth Games medal for New Zealand in Glasgow Thursday as she raced to gold in the women's cycling individual time trial. New Zealand becomes the...

Carrefour lifts profit but shares drop

2014-08-01 00:00:00

PARIS, July 31 (AFP): International supermarket group Carrefour achieved a sharp profit increase in the first half of the year, it reported on Thursday but the company's shares fell sharply. Net profit rose 16.7 per cent to 274 million euros...

Portfolio investment on DSE dips sharply

FE Report | 2014-08-01 00:00:00

Net portfolio investment on the Dhaka Stock Exchange (DSE) declined by 78.58 per cent or above Tk 2.84 billion in July after a significant jump observed in previous month, the market insiders said. The net overseas investment stood at Tk...