Our Correspondent | 2014-07-16 00:00:00
CHITTAGONG, July 14: Director of the PHP Group Mohamed Ali Hossain has been elected chairman of Peoples Insurance Company Ltd after the board election. The election of the Board of the company was held on July 12 last at the...
Md Ahsan-uz Zaman has joined Midland Bank Limited as its managing director (MD) & CEO, said a statement. Prior to joining the bank, he served Mutual Trust Bank as additional managing director. Ahsan-uz Zaman worked for Bank of America in...
BEIJING, July 15 (AFP): Foreign direct investment (FDI) into China rose 2.2 percent to $63.33 billion during the first six months of this year, the government announced Tuesday. For the month of June alone, FDI-which excludes investment in financial sectors-inched...
India rules out privatisation of Air India NEW DELHI, July 15: Government today ruled out privatisation of Air India for now and said its financial parameters have been improving since 2012 when its turnaround plan was approved. "No sir. No...
In a news item published on Page 17 of the July 15 issue of The Financial Express (FE) under the headline ' Traders urge NBR to stop harassment by field officials', it was inadvertently reported the NBR was observing the...
The Executive Committee of the National Economic Council (ECNEC) Tuesday approved three development projects for rural electrification involving Tk 47.17 billion aiming to supply electricity to every village in the country by 2021, reports BSS. Fifty seven Palli Bidyut Samitys...
Our Correspondent | 2014-07-16 00:00:00
CHITTAGONG, July 15: Western Marine Shipyard has signed a contract with the Chittagong Port Authority for building a new 25-tonne BP tugboat. Tugboats are used to guide merchant ships from the outer anchorage to the port and also assist the...
KATHMANDU, July 15 (Xinhua): Two days after announcing the annual budget for the fiscal year 2014-2015, Nepal's Finance Minister Dr. Ram Saran Mahat on Tuesday claimed that the annual fiscal policy will 'kick start' the sluggish economy of the poor...
MANILA, July 15 (AFP): World Bank president Jim Yong Kim on Tuesday described the Philippines as the next "Asian miracle" and a global model in fighting corruption, as it emerges from decades as a regional economic laggard. Kim said President...
TOKYO, July 15 (Reuters): The Bank of Japan's (BOJ) governor voiced confidence on Tuesday that inflation would hold above 1.0 per cent even when a boost from energy costs fades, attempting to convince sceptics the economy was recovering and there...
S Africa expects greater trade | 2014-07-16 00:00:00
FORTALEZA, Brazil, July 15 (AFP): Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions. Brazilian President Dilma Rousseff hosts the leaders of...
TOKYO, July 15 (AFP): The dollar and euro maintained recent gains against the yen on Tuesday after the Bank of Japan held off expanding its huge stimulus programme. After a two-day meeting the central bank said the world's number three...
DUBAI, July 15 (Xinhua): Companies keep announcing big budget construction plans in the United Arab Emirates (UAE) despite warnings the sector needs to cool down amid double-digit price increases. The UAE real estate market, especially in the Gulf state's capital...
BRUSSELS, July 15 (Xinhua): The sixth round of Transatlantic Trade and Investment Partnership (TTIP) negotiations between the European Union (EU) and the United States kicks off in Brussels Monday. The new round of talks aimed at removing trade barriers in...
SHANGHAI, July 15 (AFP): China's bank lending picked up in June from May, the central bank said Tuesday, as authorities accelerated infrastructure investment to boost the flagging economy, but analysts warned of a possible debt bubble. Domestic banks granted 1.08...
SYDNEY, July 15 (Xinhua): Chinese tourists have named Australia as their most desired overseas holiday destination but are choosing the United States as their No. 1 actual visited destination, a new survey revealed on Tuesday. The Hotels.com survey of 3,000...
FARNBOROUGH, United Kingdom, July 15 (AFP): European aircraft maker Airbus won orders for its passenger planes from leasing companies worth about $25 billion at the Farnborough airshow on Tuesday, far outpacing its US rival Boeing. Airbus won memoranda of understanding...
NICOSIA, July 15 (AFP): A delegation from the troika of international lenders Tuesday began its fifth assessment of Cyprus's economy and troubled banking system, focusing on the threat of bad loans. Some 45 per cent of all loans at Cypriot...
Rupee dips 14 paise Vs USD MUMBAI, Jul 15 : The Indian rupee dipped by 14 paise to end at 60.07 against the American currency Monday on fresh dollar demand from banks and importers, amid weak local equities. Fresh capital...
LONDON, July 15 (AFP): Global oil prices dipped on Tuesday as investors awaited congressional testimony by the US's central bank chief for clues about the state of the world's biggest economy, analysts said. Brent North Sea for delivery in August...
There was more support from Blenders especially for the good liquoring varieties which were again a slightly dearer market in the weekly tea market in Chittagong. Loose tea buyers continued to be selective. Good liquoring CDs were a strong feature...
CHICAGO, July 15 (Xinhua): Chicago agricultural commodities rose yesterday on short covering amid oversold technical conditions, with wheat leading the rise. The most active corn contract for December delivery rose 3.5 cents, or 0.91 percent, to close at 3.8825 US...
NEW YORK, July 15 (AFP): Whiting Petroleum plans to acquire Kodiak Oil & Gas in a $6 billion deal that establishes the biggest producer in the valuable Bakken/Three Forks shale region, the US companies have announced. Under the all-stock transaction,...
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