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3 killed in stampede for Zakat clothes; 10 injured

2014-07-25 00:00:00

Two women and a child were trampled to death and 10 other people injured in a rush for receiving clothes distributed as Zakat by a private organisation in Barisal city on Friday. Of the deceased, two were identified as Firoza,...

2 killed in M\\\'singh road accident

2014-07-25 00:00:00

At least two people were killed and 10 others injured when a bus rammed into a private car at Kashiganj at Tarakanda upazila in Mymensingh district on Friday. Identity of the deceased could not be known immediately. Police said the...

Royal Bank of Scotland reports recovery, shares leap

2014-07-25 00:00:00

Britain's state-rescued Royal Bank of Scotland posted a surge in profits on Friday, boosting its share price, but warned over future earnings. Net profit almost tripled to £1.425 billion ($2.42 billion, 1.8 billion euros) in the six months to the...

LVMH shares fall on disappointing half-time results

2014-07-25 00:00:00

Shares in French luxury products giant LVMH fell sharply in early trading on Friday after the company reported disappointing results. The shares were down 5.66 per cent to 133.2 euros in an overall French stock market which was down 0.71...

Amazon loss widens despite climbing sales

2014-07-25 00:00:00

Internet retail titan Amazon reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10 per cent. The Seattle-based firm said that it had a net loss of $126 million in the quarter that ended...

Facebook stock hits all-time highs on strong earnings

2014-07-25 00:00:00

Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying. The shares closed up 5.2 per cent at $74.98, well above the record of $72.03 hit on March 10. The rise lifted...

Asian stocks mostly rise

2014-07-25 00:00:00

Asian markets mostly rose Friday following another record close on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows. Investors were still upbeat after Thursday's strong manufacturing data from China as well...

European stock markets fall at open

2014-07-25 00:00:00

Europe's main stock markets dropped at the start of trading on Friday, with London's benchmark FTSE 100 index down 0.32 per cent to 6,799.54 points. Frankfurt's DAX 30 lost 0.24 per cent to 9,770.24 points and in Paris the CAC...

Oil prices mixed in Asian trade

2014-07-25 00:00:00

Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing data from China, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery dipped eight cents to $101.99 a barrel in...

Japan PM leaves for Latin America, Caribbean

2014-07-25 00:00:00

Japan's Prime Minister Shinzo Abe on Friday left on a five-nation tour of Latin America and the Caribbean that will reportedly see a major Japanese bank extend a $500 million oil exploration loan to Brazil. The visit comes as Chinese...

Japan consumer inflation eases in June

2014-07-25 00:00:00

Japanese inflation eased in June due to the slowing impact on prices from a sales tax hike and surging imports, official data showed Friday, figures that are likely to stoke renewed questions about Tokyo's war on deflation. The Bank of...

Rosneft working to limit effects of sanctions, profits jump

2014-07-25 00:00:00

Russia's state-held oil giant Rosneft said on Friday it was working on a plans to reduce the effects of Western sanctions over Ukraine, and announced a five-fold jump in second-quarter earnings. ‘Together with our partners -- the world's leading oil...

IMF cuts 2014 global growth forecast, sees rising risks

2014-07-25 00:00:00

The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China. After ‘negative surprises’ from the United States and China, the...

US airlines flying high on better earnings

2014-07-25 00:00:00

US airlines are flying high again, reporting surging profits and returning cash to shareholders as they reap the benefits of an industry-wide merger wave wrought by the financial crisis. The biggest US airline by revenue, American Airlines, Thursday notched its...

Ex-investment banker turns to Bollywood script writing

2014-07-25 00:00:00

An Indian investment banker turned wildly successful novelist is taking a career turn in Bollywood, with a screenplay he says will tackle social issues in the same vein as the books that made him a youth icon. Chetan Bhagat shot...

Euro hit, shares subdued after downbeat Ifo

2014-07-25 00:00:00

World shares dipped on Friday having clawed their way back towards all-time highs after a week of largely reassuring economic signals but rising political tensions. European markets opened with the region's main bourses down 0.1 to 0.6 per cent as...

Baby Maudud passes away

2014-07-25 00:00:00

Veteran journalist and former MP AN Mahfuza Khatun Baby Maudud has passed away after a battle with cancer. She died at a Dhaka hospital on Friday. She was 66. Baby Maudud had been working as the bdnews24.com social affairs editor....

World\\\'s oldest joke traced back to 1900 BC

2014-07-25 00:00:00

The world's oldest recorded joke has been traced back to 1900 BC and suggests toilet humor was as popular with the ancients as it is today. It is a saying of the Sumerians, who lived in what is now southern...

Modi for fast-tracking trials of criminal cases against MPs

2014-07-25 00:00:00

In an effort to keep his poll promise of zero-tolerance policy on graft, Prime Minister of india Narendra Modihas directed the Home and Law Ministry to fast-track trial in criminal cases pending against Members of Parliament. According to Association for...

GM recalls far from calamity for some dealers who find new customers, business

2014-07-25 00:00:00

The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like...

BSkyB to pay $9 billion to create Sky Europe

2014-07-25 00:00:00

Britain's BSkyB (BSY.L) has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers. BSkyB, in which Murdoch's 21st...

Liberty Media plans stock dividend to spin off cable assets

2014-07-25 00:00:00

John Malone's Liberty Media Corp started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband. Liberty Broadband, in a regulatory filing, said the stock dividend...

In China meat scandal, McDonald\\\'s Japan switches to Thai chicken

2014-07-25 00:00:00

McDonald’s Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the US-owned Chinese company at the center of a food safety scare in China. McDonald's said...

Shares in Britain\\\'s RBS soar after surprise profit

2014-07-25 00:00:00

Royal Bank of Scotland posted a surprise 1 billion pound ($1.7 billion) pretax profit for the second quarter thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early. The numbers far exceeded analysts'...

Murdoch\\\'s 21st Century Fox pledges to extend buybacks

2014-07-25 00:00:00

Rupert Murdoch's 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes. The company made the pledge in a...

Russia raises main interest rate over Ukraine tensions

2014-07-25 00:00:00

Russia's central bank unexpectedly raised its main interest rate by a half point to 8.0 per cent on Friday, warning that geopolitical tensions were increasing inflationary risks. ‘At the same time, inflation risks have increased due to a combination of...

Eurozone loans to private sector still contracting: ECB

2014-07-25 00:00:00

Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in June, but by less than in May, the European Central Bank said Friday. The volume of loans to private businesses and households declined...

China approves three private banks

2014-07-25 00:00:00

China has approved the setting up of three private banks, including one by Internet giant Tencent, the industry regulator said Friday, in a long-awaited economic reform aimed at bringing competition to state banking giants. Previously, China had just two privately-owned...

Britain\\\'s Lloyds bank says expects fine over Libor

2014-07-25 00:00:00

Britain's Lloyds Banking Group said on Friday that it expects to be fined for its role in the Libor rate-rigging scandal. LBG said in statement that it had noted media coverage regarding potential settlements with a number of government agencies...

British economy grows to above pre-crisis level

2014-07-25 00:00:00

Britain's economy grew strongly in the second quarter, overtaking the size it achieved before the global financial crisis, data showed on Friday in the latest sign of robust recovery. The latest figures, along with a sharp fall in unemployment to...