BANGKOK, July 17 (Xinhua): Thai military junta has agreed to a proposal to exempt Chinese tourists, including those from Taiwan, from visa fees for three months, local media reported Thursday. In a bid to boost tourism, the National Council for...
TOKYO, July 17 (AFP): Japanese mobile carrier KDDI said Thursday that it planned to link up with trading house Sumitomo in a deal to invest about US$2.0 billion in developing wireless networks in Myanmar, as the country opens up after...
SAO PAULO, July 17 (AFP): Brazil's central bank unanimously agreed to hold its key interest rate steady at 11 per cent Wednesday, despite inflationary pressures. Traders had forecast no change prior to the decision by the central bank's monetary policy...
BEIJING, July 17 (Xinhua): China UnionPay, China's leading bankcard network operator, announced on Thursday that it has issued its first credit card in Africa, further enlarging its global footprint. UnionPay International, China UnionPay's international arm, jointly issued three types of...
WASHINGTON, July 17 (AFP): New US home construction fell sharply in June, and building permits also dropped, official data showed Thursday in a report signalling persistent weakness in the housing market. Housing starts dived 9.3 per cent in June, to...
SYDNEY, July 17 (AFP): Australian Prime Minister Tony Abbott called Thursday for G20 economies to adopt more ambitious growth targets, urging leaders not to "waste each other's time" with a talk-fest. Abbott told more than 380 business leaders from the...
BEIJING, July 17 (Reuters): China cannot be concerned about only itself and must join a development bank being created by emerging market nations as its economy is intertwined with that of the world, the Chinese central bank said on Thursday....
ABIDJAN, July 17 (AFP): French President Francois Hollande on Thursday began a visit to Ivory Coast to boost economic ties with a nation emerging from a long conflict that divided it and set back production. France is the main trading...
WASHINGTON/MOSCOW, July 17 (Reuters): President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in...
PARIS, July 17 (AFP): The number of new cars registered in Europe grew for the 10th consecutive month in June, according to industry data published Thursday, adding to evidence the embattled sector is recovering. Sales of new cars rose by...
TOKYO, July 17 (Reuters): Japan's government raised its assessment of the economy on Thursday because a decline in consumer spending after a sales tax increase is starting to fade due to improving consumer sentiment and a tight labour market. It...
.ISTANBUL, July 17 (Reuters): Turkey's central bank trimmed its main interest rate for a third consecutive month on Thursday but resisted the deep cuts sought by Prime Minister Tayyip Erdogan weeks ahead of a presidential election. The bank cut its...
Bangladesh moved four steps ahead in the FIFA-Coca-Cola World Ranking in July 2014 clinching 163rd position from their previous ranking of 167, reports UNB. Among the eight Saarc countries, Bangladesh was placed 4th after Afghanistan (129), India (151) and Maldives...
LONDON, July 17 (AFP): India battled to be 73 for two at lunch on the first day of the second Test against England at Lord's on Thursday after being sent into bat on a seaming pitch. Cheteshwar Pujara was 11...
RIO DE JANEIRO, July 17 (AFP): Brazil's Football Confederation (CBF) face the media music Thursday when the process begins to find a successor to Luiz Felipe Scolari, who quit in the wake of the country's World Cup flop. With the...
NEW YORK, July 17 (AFP): Spain may have been embarrassingly dethroned as World Cup holders, but Real Madrid and Barcelona are still champions at making money after they were named as the world's two richest sports franchises. For the second...
GALLE, Sri Lanka, July 17 (AFP): Jean-Paul Duminy hit a superb unbeaten century to put South Africa in a position of strength on the second day of the first Test against Sri Lanka on Thursday. The left-hander came in to...
TOKYO, July 17 (AFP): English Premier League champions Manchester City have landed a five-year sponsorship deal with Japanese automaker Nissan, both parties said on Thursday. Financial terms of the deal, announced at Nissan's global headquarters in Yokohama, were not disclosed,...
BUENOS AIRES, July 17 (AFP): World Cup runners-up Argentina have sent their compatriot Pope Francis, a die-hard football fan, a jersey signed by the team, midfielder Maximiliano Rodriguez said Wednesday on Twitter. The player posted a picture of himself holding...
Romario demands Brazil clearout RIO DE JANEIRO, July 17: Brazilian footballing legend-turned-politician Romario on Wednesday stepped up criticism of Brazil's Football Confederation (CBF), demanding a clear out at the top. During a World Cup which saw the five-times champions crushed...
Shaiful Hossain | 2014-07-18 00:00:00
'Robbery' and 'misappropriation' are two different words having quite a similarity in meaning. But sometimes we get confused as the dividing line between the two often gets blurred. The embezzlement of funds that happened in the banking sector over the...
M Jalal Hussain | 2014-07-18 00:00:00
The recent large-scale financial scams in banks and financial institutions in Asian countries including Bangladesh, in Africa, the European Union and the United States and the ethical scandals from Enron to WorldCom, have brought to the fore once again the...
The growing 'contingent liabilities' of the government is an unpropitious development. This is because it entails some undeniable risks and challenges to maintenance of budgetary discipline and macro-economic stability. It will thus be foolhardy to overlook the possible adverse impact...
Nilratan Halder | 2014-07-18 00:00:00
The day the High Court issued directives, binding as it is on the government, to bring an end to the malpractice of chemical treatment of fruits, a factory producing spurious ghee (clarified butter) at the city's Begumbazar was unearthed by...
Zaglul Ahmed Chowdhury | 2014-07-18 00:00:00
These days honesty in public life appears to be a rare quality, although it has not completely vanished. Simplicity is missing from politics much to the concern and anxiety of the people, who want to see a clean image of...
A news item published in the Financial Express on Tuesday titled "Footwear sales sluggish, craze for Chinese shoes" concerns us. Quoting traders the report said the locally produced items are facing tough competition from Chinese ones. It further revealed that...
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