Mohammad Ali | 2014-07-15 00:00:00
Transactions through the plastic cards have marked a significant rise at different shopping complexes and business outlets in the city ahead of the upcoming Eid-ul-Fitre, traders said. Some of the traders saw double of the cashless payment in this peak...
OnMobile Global Limited, a global leader in mobile services, recently announced that it has signed an agreement with Robi (part of the Axiata Group) in Bangladesh to deploy various RingBack Tone and Interactive Voice Response solutions. OnMobile has recently started...
MIDAS Financing gets new DMD Engr. Md. Russel Shahrior has recently joined MIDAS Financing Limited (MFL) as Deputy Managing Director. Prior to the appointment, he was the Executive Vice President and Head of SME Finance, Green Banking & IT Division...
HONG KONG, July 14 (AFP): Asian shares rose Monday as traders awaited a flurry of key economic data this week including Chinese growth figures that will shed light on the strength of the world's second largest economy. Investors were also...
LONDON, July 14 (AFP): European equities rebounded on Monday after a torrid week, with London boosted by Shire Pharmaceuticals' backing of a takeover by US giant AbbVie, while the aviation sector flew into focus as well. Investors were also eyeing...
LISBON, July 14 (AFP): Shares in Portugal's largest listed bank, Banco Espirito Santo (BES), plunged again Monday as the arrival of new directors failed to shake off worries about the founding family's empire. After posting an early gain of almost...
MUMBAI, July 14 (Reuters): Indian shares remained under pressure on Monday, falling for a fifth consecutive session as foreign investors turned sellers, hitting blue-chips such as ICICI Bank and Hindustan Unilever. Overseas investors sold shares worth 7.23 billion rupees ($120.6...
Federal Insurance Co. Ltd. : Neo G. Mendes, one of the Sponsors of the Company, has further reported that he has completed his sale of 23,300 shares of the Company at prevailing market price through Stock Exchange as announced earlier.
US banking giants JPMorgan Chase and Goldman Sachs have seen mixed results from their investment businesses. JPMorgan reported an 8-per cent fall in second-quarter profits after declines in its securities trading business. Net income in the three months to the...
SINGAPORE, July 14 (AFP) : Oil rebounded in Asia Monday on bargain hunting following sharp falls last week stoked by the prospect of a revival in Libyan supplies. US benchmark West Texas Intermediate for August delivery was up nine cents...
ZURICH, July 14 (Reuters) : Swiss chocolate maker Chocoladefabriken Lindt & Spruengli said it had agreed to acquire family-owned US candy business Russell Stover, making it the no 3 chocolate manufacturer in North America. The Swiss company did not disclose...
BEIJING/SHANGHAI, July 14 (Reuters) : China's central bank has approved the launch of the country's first iron ore and thermal coal swap contracts, two industry sources said on Monday, giving industry participants new financial tools to hedge the risk of...
LONDON, July 14 (Reuters) : An unplanned offshore outage has resulted in reduced natural gas production at the St Fergus gas terminal on the northeast coast of Scotland, Total Exploration and Production UK said. "The problem has been resolved and...
TOKYO, July 14 (AFP) : The yen weakened in Asian trade Monday as the Bank of Japan kicked off a two-day policy meeting, with investors also eyeing testimony from the head of the US Federal Reserve this week. In Tokyo...
FE Report | 2014-07-15 00:00:00
Traders on Monday urged the authorities to take measures to stop harassment by field- level tax officials and intervention of the Auditor General's Office. They also demanded that the tax authority should reward them for collecting VAT, instead of causing...
FHM Humayan Kabir | 2014-07-15 00:00:00
The government is set to give the go to three more electricity-distribution projects at a total cost of Tk 47.17 billion for connecting more villages under on-grid power supply. Officials said the new schemes are up for approval before completion...
Rezaul Karim | 2014-07-15 00:00:00
The government is going to temporally ban export of rice bran to India to help local entrepreneurs boost edible oil production from it, an official said. "We're now collecting information about the domestic production of rice bran and imports of...
Infrastructure Development Company Limited (IDCOL) signed a financing agreement with Gram er Alo Limited (GEA) for setting up a 158.3 kW solar mini-grid Project at Narayanpur Union, Nageshwari, Kurigram, said a statement. Executive director & CEO of IDCOL Mahmood Malik...
Sadharan Bima Corporation (SBC), the lone state-owned non-life insurer, earned a net profit of Tk 2.18 billion for the year 2013. It is Tk 380 million higher than that of the previous year. Md Rezaul Karim, managing director of SBC,...
NEW YORK, July 14 (AFP): Citigroup said Monday that it will pay $7 billion to settle charges that it misled investors in its sale of mortgage-linked securities ahead of the financial crisis. Citi said the settlement with the US Department...
Banks working on setting up 'Rural ATMs': RBI HYDERABAD: Banks are working on setting up 'Rural ATMs' for dispensing currency notes of smaller denominations, RBI's Deputy Governor R Gandhi said today. "We have encouraged banks to find a solution for...
SUNAMGANJ, July 14 (UNB): Import of coal through three land customs stations-Borochhara, Charagoan and Bagli-in Uttar Sreepur union under Tahirpur upazila have remained suspended over the last two and a half months depriving the government of huge revenue income. Due...
LONDON: European equities ended in the red on Tuesday after the head of the Federal Reserve warned it could raise rates faster than expected, adding to gloom over poor German data. Paris's CAC 40 fell 1.03 per cent compared to...
FE Report | 2014-07-15 00:00:00
The United Airways (BD) Limited has planned to introduce a comparatively wide-bodied aircraft, MD-83 in addition to its regular flights by ATR-72 aircraft on Dhaka-Chittagong route from July 17 for attracting more domestic passengers. The 170-seat jet engine aircraft will...
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