Copper futures edged lower on Wednesday, as ongoing concerns over the health of China’s economy dampened appetite for growth-linked assets. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 0.08%, or 0.3 cents, to...
A commission of inquiry into the multibillion-rand collapse of African Bank could open the way for criminal charges or sanctions against some of the bank’s management and directors. The Reserve Bank has appointed advocate John Myburgh to head the commission....
The Anti Corruption Commission (ACC) has found no proof of ‘corruption or conspiracy’ in the Padma Bridge project and will drop the names of all suspects from the final report before submitting it. The ACC will submit the report of...
The Supreme Court has refused to accede to Vijay Mallya's plea to strike down state-run United Bank of India's (UBI) decision to declare him a willful defaulter, dealing a blow to the former liquor baron who has been fending off...
Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of Australia left its...
The Export-Import Bank of the United States, a government-backed financial institution that has become a flashpoint in legislative races across the country, provides a boost to the New York City economy and particularly to its small businesses, according to a...
Holland wants to make Bangladesh a hub for their IT outsourcing apart from extending technological support and collaboration in the areas of flood and water management. A big delegation from the Netherlands representing ICT, food security, logistics, technology, waste management,...
Holland wants to make Bangladesh a hub for their IT outsourcing apart from extending technological support and collaboration in the areas of flood and water management. A big delegation from the Netherlands representing ICT, food security, logistics, technology, waste management,...
Bank of Japan eyes higher inflation, even with slower groth when Bank of Japan Gov. Haruhiko Kuroda holds his monthly press conference Thursday, he’ll face two big questions. First, will he temper his steadfast optimism about Japan’s economic recovery after...
Switzerland's financial regulator said on Wednesday it is investigating Banque Privee Espirito Santo SA (BPES), a Swiss private bank which is part of the Espirito Santo family's troubled business empire. The Lausanne-based bank is owned by Espirito Santo Financial Group...
The European Central Bank's landmark review of euro-zone banks will have to ask lenders to raise an additional 51 billion euros to be credible with markets, a Goldman Sachs survey of large institutional investors has found. The survey of 125...
Militants from the Islamic State group carried out a mass killing of hundreds of Iraqi soldiers captured when the extremists overran a military base north of Baghdad in June, a leading international watchdog said Wednesday. The incident at Camp Speicher,...
Prime Minister Sheikh Hasina on Wednesday put emphasis on keeping operative all the rivers of Bangladesh, especially six rivers around Dhaka city, by restoring their navigability through dredging. ‘It would help develop the country’s communication system and transportation of goods...
Somali authorities are trying to verify whether the leader of al-Shabab was killed or wounded in a US airstrike, a government spokesman said Wednesday. Somalia's government is certain that the strike hit ‘a gathering’ of leaders of the Islamic extremist...
A court in Netrakona on Wednesday sentenced two brothers to 14 years’ rigorous imprisonment for throwing acid at a person following a feud over property 11 years ago. Netrokona Acid Prevention Tribunal-2 Judge Md Abdul Hamid pronounced the verdict in...
President Barack Obama proclaimed an unwavering and permanent US commitment to the security of its NATO allies, as he mounted a show of solidarity Wednesday with European nations anxious about Russia's aggression in Ukraine. During a visit to Estonia, Obama...
President Barack Obama said Wednesday that the United States will not be intimidated by Islamic State militants after the beheading of a second American journalist and will build a coalition to ‘degrade and destroy’ the group. Obama still did not...
Ahle Sunnat Wal Jamaat has threatened to besiege Saudi Arabia’s embassy in Dhaka over plans to destroy the Holy tomb of Prophet Muhammad (PBUH). Ahle Sunnat sought an explanation from Saudi authorities within 48 hours, without which it said it...
A day ahead of a NATO summit, Russian President Vladimir Putin issued his own peace plan for eastern Ukraine, calling on the Russian-backed insurgents there to ‘stop advancing’ and urging Ukraine to withdraw its troops from the region. Hours earlier,...
Bosnian police said Wednesday they have detained 16 people suspected of having fought in Syria and Iraq or of recruiting and funding other Balkan men to join the Islamic militants there. Police said about 200 officers from a number of...
Popular South Korean singer and actor Kim Hyun-joong acknowledged he hit his then-girlfriend during an argument in May, police said Wednesday. The woman, who also hit Kim, was struck multiple times and had bruises on her arms and scratches on...
The 53 contestants vying to become the next Miss America will meet the public on the Atlantic City Boardwalk. Entrants from all 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands will appear Wednesday afternoon at...
A Syrian government airstrike hit a bus carrying civilians in eastern Syria on Wednesday, killing at least 13 people, most of them children, opposition activists said. But the government in the capital, Damascus, blamed the Islamic State group for the...
Dhaka Bank Limited on Wednesday signed a memorandum of understanding (MoU) with Matrix, a sister concern of Intraco Limited. As per the MoU signed at the Dhaka Bank Head Office, the company will provide 10,000 prepaid Hajj SIM cards to...
Australia Prime Minister Tony Abbott said on Wednesday he hoped to sign a deal this week to sell uranium to India for peaceful power generation, but halted uranium exports to Russia over Moscow's role in Ukraine. Work on an India-Australia...
Recognising “really bad performance” in efforts to reduce the number and rate of non-performing loans in the country, Finance Minister AMA Muhith on Wednesday sought advice from the economists and others on how to address the issue. “I would seek...
A Dhaka court on Wednesday once again deferred until October 12 the hearing on charge-framing against 26 BNP leaders, including its acting secretary general Mirza Fakhrul Islam Alamgir, in a case filed under the Speedy Trial Act. Metropolitan Magistrate Tarek...
In line with the provisional figure of the Bangladesh Bureau of Statistics (BBS), Asian Development Bank (ADB) estimated 6.1 per cent growth in the gross domestic product (GDP) in the 2013-14 financial year (FY14) that ended on June 30. The...
Prime Minister of Samoa Tuilaepa Aiono Sailele Malielegaoi has expressed interest to explore possible cooperation with Bangladesh in the areas of agriculture and RMG. He conveyed it when State Minister for Foreign Affairs M Shahriar Alam met him on the...
Dutch Bangla Bank Foundation on Wednesday donated Tk 50 million to the Prime Minister’s Relief Fund. Foundation chairman M Sahabuddin Ahmed handed over the cheque to Prime Minister Sheikh Hasina at her Sangsad Bhaban office in the evening. Dutch Bangla...
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