Yasir Wardad | 2014-07-17 00:00:00
Ceramic exports moved up by 26 per cent in 2014 financial year as it showed resilience even after the suspension of Generalised System of Preferences by the US government, industry executives said. The sector brought in US$47.5 million in FY'14,...
WASHINGTON, July 16 (AFP): The Federal Reserve could raise its key interest rate sooner than expected if the job market continues to make solid improvement, Fed Chair Janet Yellen said Tuesday. "Although the economy continues to improve, the recovery is...
BRUSSELS, July 16 (AFP): Countries in the eurozone posted a 15.4-billion-euro (US$20.9-billion) trade surplus in May, official data showed on Wednesday, with export powerhouse Germany again leading the way. Exports in May across the 18-nation single currency zone rose by...
ROME, July 16 (AFP): Etihad Airways chief James Hogan said on Wednesday he aimed to complete negotiations on buying 49 percent of Alitalia by the end of the month but stressed the company had to be "right-sized" first. "We're all...
SEOUL, July 16 (AFP) : South Korea's unemployment rate inched down in June from a month earlier, although young people faced an increasingly tough job market, government statistics showed Wednesday. The seasonally adjusted jobless rate fell to 3.6 percent from...
India houses 1/3rd of world's extreme poor NEW DELHI, July 16: One third of the extreme poor global population reside in India which has also recorded the highest number of under-five deaths in the world, the latest UN Millennium Development...
FE Report | 2014-07-17 00:00:00
US-Bangla Airlines came as a new addition to Bangladesh's growing airlines in the private sector with its journey into the country's skies Wednesday, targeting domestic destinations. With the slogan 'Fly First, Fly Safe', two flights took off on Dhaka-Chittagong and...
CAIRO, July 16 (Reuters): Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average gross domestic product (GDP) growth of 5.0 per cent by 2018 and the same amount...
SYDNEY, July 16 (Reuters): International business leaders are lobbying the Group of 20 (G20) bloc of advanced and developing countries to tackle a $57 trillion shortfall in global infrastructure, pressing for changes to funding rules they say would help big...
NEW DELHI, Jul 16 (PTI): India's exports grew by 10.22 per cent to US$26.4 billion in June this year while imports stood at $38.24 billion, up by 8.33 per cent, leaving a trade deficit of $11.76 billion, according to the...
Militants shot down a Malaysian airliner over eastern Ukraine on Thursday, killing all 295 people aboard, a Ukrainian interior ministry official was quoted as saying by Interfax-Ukraine news agency. The aircraft came down near the city of Donetsk, stronghold of...
WASHINGTN, July 16 (Reuters): Bank of America (BoA) Corp, the second-largest US bank by assets, reported a 43 per cent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Earnings attributable to shareholders fell to US$2.04 billion,...
A local Jubo League was shot to death and two other people were injured in a gun attack by unidentified miscreants in Rangunia upazila of Chittagong on Thursday night. The deceased was identified as Hossain, 38, joint secretary of the...
BEIJING, July 16 (AFP): Chinese growth accelerated to a forecast-beating 7.5 per cent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy. The April-June figure from the National Bureau...
KUWAIT CITY, July 16 (AFP): National Bank of Kuwait (NBK), the emirate's largest lender, said Wednesday its second quarter net profit jumped 28.9 per cent on the back of improvement in domestic economic activity. In the three months period to...
The United States (US) has been a major trade partner of Bangladesh for a long time, and now the country has become a major source of remittance with hefty increase in the inflow of the life blood of foreign exchange...
Bangladeshi expatriates in the United States (US) raised their voice together to help their motherland regain the GSP (generalised system of preference) and other trade related privileges from the US government, reports BSS. In their latest move, the expatriate Bangladeshis...
The chief of mission in Bangladesh for the International Organization for Migration (IOM) Sarat Chandra Dash Wednesday called on Foreign Minister AH Mahmood Ali at the latter's office in the capital. During the meeting, they discussed various issues relating to...
Bangladesh Bank (BB) is going to install fake currency detecting machines in city's shopping malls to prevent the counterfeit notes from entering the market during the Eid shopping, reports BSS. The Central Bank would hand over 50 fake currency detectors...
SHANGHAI, July 16 (AFP) : Chinese media on Wednesday hailed the creation of the BRICS development bank, to be based in Shanghai, blaming Western countries and multilateral agencies for flaws in the global financial system. At a summit in Brazil,...
TOKYO, July 16 (AFP): The dollar rose in Asia on Wednesday as the Fed chief said the central bank would keep its near-zero rate policy in place, but hinted that interest rates could rise earlier than expected. In Tokyo morning...
FE Report | 2014-07-17 00:00:00
The stock market returned to the green Wednesday after previous session's marginal correction as investors took position on heavyweight stocks. The market opened with a positive note which continued till the market closure. Eventually, the DSEX, the prime index of...
Standard Chartered Bank Bangladesh has closed the largest ever project financing deal in power sector of Bangladesh, said a statement. This is a Long Term (LT) Project Financing for Summit Meghnaghat Power Company limited (SMPCL), a 335MW Dual Fuel fired...
Branding BNP chairperson Khaleda Zia as the queen of killers, Information Minister Hasanul Haq Inu on Thursday said she is promoting criminalised politics in the country. “Khaleda Zia is surrounded by killers…there’re killers in her left, right and also before...
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