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Gulf IPOs dominate ME market during Q2

2014-08-04 00:00:00

DUBAI, Aug 3 (Arabian Business.com): The initial public offering (IPO) market in the Middle East and North Africa continued its recovery to end the first half of the year strongly, according to Ernst & Young. Its MENA IPO Update Q2...

High returns in less time may mean big trouble: Sebi

2014-08-04 00:00:00

NEW DELHI, Aug 3 (PTI): As it goes after fraudsters who dupe gullible investors of their hard earned money, capital markets regulator Sebi has launched an all-out mass media campaign to make the public aware about troubles of investing on...

IDLC Investment Company Insight

2014-08-04 00:00:00

IPO Diary

2014-08-04 00:00:00

BB orders ‘block account’ loan facilities for pvt jute millers

Ziaur Rahman | 2014-08-04 00:00:00

Bangladesh Bank (BB) has directed the commercial banks to provide "Block Account" loan facilities to private jute millers and exporters with a view to helping them to overcome the acute liquidity crisis, which put most of the mills in dire...

Big US banks shedding star financiers, traders

2014-08-04 00:00:00

NEW YORK, Aug 3 (AFP): Crippled by lawsuits linked to the 2007-2008 financial crisis, American banks are grappling with an exodus of its best bankers and traders, lured by the huge salaries of little-regulated hedge funds. Michael Cavanagh (48) was...

Central banks\\\' meetings to set stage for parting of ways

2014-08-04 00:00:00

LONDON, Aug 3 (Reuters): After the Federal Reserve maintained its path towards raising US interest rates next year, other major central banks will jostle for space on a crowded stage this week. The European Central Bank, Bank of Japan, Bank...

Modi in Nepal to boost energy, trade ties

2014-08-04 00:00:00

KATHMANDU, Aug 3 (AFP): Indian Prime Minister Narendra Modi arrived in Nepal on Sunday to try to speed up progress on power agreements while also aiming to counter rival giant China's influence in the region. Modi flew into Kathmandu for...

Chinese power use to rise 6.05pc

2014-08-04 00:00:00

BEIJING, Aug 3 (Xinhua): China's power consumption, an important indicator of economic activity, is expected to rise 6.5 per cent in the second quarter, bringing the annual rate for 2014 to around 6 per cent, according to a report released...

Modi in Nepal to boost energy, trade ties

2014-08-04 00:00:00

KATHMANDU, Aug 3 (AFP): Indian Prime Minister Narendra Modi arrived in Nepal on Sunday to try to speed up progress on power agreements while also aiming to counter rival giant China's influence in the region. Modi flew into Kathmandu for...

BJMC chairman gets extension

2014-08-04 00:00:00

Major General Humayan Khaled (retd) has got two years extension as chairman of Bangladesh Jute Mills Corporation (BJMC), said a press release. After retiring from the Bangladesh Army, Mr Khaled joined the BJMC on July 30, 2012. Mr Khaled got...

exchange rate

2014-08-04 00:00:00

Photo: Agrani Bank

2014-08-04 00:00:00

Photo: Rapport Bangladesh

2014-08-04 00:00:00

Brazil envoy lists aviation as new area of bilateral coop

FE Report | 2014-08-04 00:00:00

Brazilian ambassador in Dhaka Wanja Campos Nobrega emphasised Sunday the need for working together to take the bilateral relations between the two countries to a new height and explore new avenues of cooperation in the coming days. Speaking at the...

BKB to disburse Tk 5.90b farm loan in Khulna

2014-08-04 00:00:00

KHULNA, Aug 3 (BSS): Bangladesh Krishi Bank (BKB) in Khulna regional office has set a target to disburse agricultural loans worth Tk 5.90 billion in five districts under Khulna division during the current fiscal year (FY) 2014-15. Regional office in...

US Export-Import Bank backers to spend recess pushing for renewal

2014-08-04 00:00:00

WASHINGTON, Aug 3 (Reuters) : As US lawmakers headed home for the August recess, small-business owners, labor unions and other supporters of the Export-Import bank were preparing to spend the five-week break making their case to re-authorize the endangered lender....

RBI likely to keep interest rate unchanged

2014-08-04 00:00:00

NEW DELHI, Aug 3(PTI): Amid fears of poor monsoon impacting food inflation, the Reserve Bank may opt for status quo on interest rate in its bi-monthly monetary policy review to be unveiled on Tuesday. The food inflation remaining over 8...

ECB expects to hold fire despite low inflation

2014-08-04 00:00:00

BERLIN, Aug 3 (AFP): The European Central Bank is unlikely to take new policy action at its monthly meeting on Thursday, despite a lingering threat of eurozone deflation and geopolitical risks, analysts said. For now, the ECB is in "wait-and-see"...

Billions of dollars in deals, funding to be announced

2014-08-04 00:00:00

WASHINGTON, Aug 3 (Reuters): The United States will announce nearly $1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programmes in Africa during a summit this week, US and development...

Hyundai eyes new customer segments

2014-08-04 00:00:00

NEW DELHI, Aug 3 (PTI) : Korean car major Hyundai is looking to tap new customers in rural areas and corporate segment to increase its market share in the Indian automobile market.  The company's wholly-owned arm Hyundai Motor India Ltd...

Photo: Gono Odhikar Sangram Committee

2014-08-04 00:00:00

BCIM corridor to top agenda as leaders meet in October

Talha Bin Habib | 2014-08-04 00:00:00

Business leaders of BCIM countries will push for finalising the establishment of economic corridor as they meet in Dhaka in October to boost regional trade and investment, officials said. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will...

Harvesting of bean continues in Gaibandha

2014-08-04 00:00:00

GAIBANDHA, Aug 3 (BSS): Harvesting of summer bean, successfully produced in Sadullapur upazila here for the first time, has been continuing for a few weeks amid much enthusiasm to the growers. The harvest of the bean has also usher in...

‘Strengthen supervision of irregularities in banking sector’

2014-08-04 00:00:00

Stressing the need for strengthening Bangladesh Bank's (BB) supervision to check financial irregularities, Bangladesh Bank governor Dr Atiur Rahman Sunday said BB's special supervision had helped detect some financial scams in banking sector, reports BSS. "Such financial irregularities have been...

British EU exit better than status quo

2014-08-04 00:00:00

LONDON, Aug 3 (AFP) : A report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EU. Johnson is likely to give...

Qatar firm opens up Myanmar mobile mkt with cheap SIM cards

2014-08-04 00:00:00

YANGON, Aug 3 (AFP) :  Qatari telecoms firm Ooredoo began selling low-cost SIM cards in Myanmar on Saturday, opening up access to mobile services in one of the world's last virtually untapped phone markets. Less than 10 per cent of...

Zero tolerance for destructive acts

2014-08-04 00:00:00

State Minister for Home Affairs Asaduzzaman Khan said Sunday that destructive activities in the name of movement by the BNP would not be tolerated, reports UNB. "There'll be zero tolerance when it comes to destructive activities in the name of...

Khaleda urged not to inspire politics of killing

2014-08-04 00:00:00

Disaster Management Minister Mofazzal Hossain Chowdhury Maya, Bir Bikram, said BNP created confusion among the people by not spelling out its agitation programmes after threatening to begin a movement against the government after Eid, reports BSS. "They are confusing the...

People in enclaves missing out on democracy

2014-08-04 00:00:00

Some 0.5 million people in Bangladesh enclaves have been deprived of being voters for the last 24 years - meaning they have missed out on the advent of democracy in the country that followed the overthrow of the Ershad regime...