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UK manufacturing sector strengthens in June

2014-07-02 00:00:00

Activity in the UK's manufacturing sector grew at the fastest pace for seven months in June, a closely-watched survey has suggested, reports BBC. The latest Markit/CIPS purchasing managers' index (PMI) for the sector was 57.5, up from 57.0 in May....

News Briefs

2014-07-02 00:00:00

Mr. A. K. Azad has been unanimously re-elected as Chairman of Shahjalal Islami Bank Limited in its 198th meeting of the Board of Directors held recently. In the same meeting, Alhaj Mohammad Younus and Alhaj Md. Abdul Barek were elected...

Target bans guns from its stores

2014-07-02 00:00:00

US retail giant Target has asked customers not to bring guns into its stores, after Texas gun rights activists demonstrated in a Texas shop with rifles slung over their shoulders. CEO John Mulligan said guns were at odds with its...

Photo: A day-long training on Anti Money Laundering and Combating Financing of Terrorism was held at ABBL Training Academy recently.

2014-07-02 00:00:00

UK house prices surpass 2007 peak

2014-07-02 00:00:00

UK house prices have risen above their peak of 2007, the Nationwide has said, after prices climbed 1 per cent in June and were up 11.8 per cent from a year earlier. The building society said the average value of...

$92m World Bank project helps improve drainage, minimise urban flooding

2014-07-02 00:00:00

The Dhaka Water Supply and Sanitation Project (DWSSP), supported by the World Bank, is helping the Dhaka Water Supply and Sewerage Authority (DWASA) to improve stormwater drainage in select catchments in Dhaka and strengthen its planning capacity, reports BSS. The...

Section 144 imposed in Dighinala

2014-07-02 00:00:00

KHAGRACHHARI: The local administration Wednesday imposed Section 144 in an area stretching from Dighinala upazila parishad to Babuchhara Bazar for 18 hours  Thursday as two rival groups called separate programmes at the same venue and same time. The restriction will...

Broad-based plans for further improving handloom sector: Minister

2014-07-02 00:00:00

The present government has undertaken broad-based initiatives for further improving the handloom sector with all modern facilities including training and setting up of new establishments. "The Bangladesh Handloom Board has placed eight proposals to the government to achieve the target...

Record number of deaths on UK rlys

2014-07-02 00:00:00

A record number of people died last year from either trespassing or committing suicide on the United Kingdom railways. In all, 300 members of the public were killed, either by taking their own lives or from accessing parts that they...

Positive data boost Indonesia\\\'s economic prospects

2014-07-02 00:00:00

JAKARTA, July 1 ( AFP) : Indonesia said Tuesday its trade balance swung back to surplus in May and reported a flurry of other positive data, a boost for Southeast Asia's top economy after a recent slowdown.  The surplus was...

Murder accused jumps to death off court Bhaban

2014-07-02 00:00:00

A young man, arrested for killing his wife, allegedly committed suicide by jumping from the Chief Judicial Magistrate Court Bhaban in Tangail on Wednesday afternoon. The deceased was identified as Harunur Rashid Mondal, 28, son of late Fulchan Mondal of...

Tk 520m project for computer aining to 19,200 women

FE Report | 2014-07-02 00:00:00

The government on Tuesday launched a Tk 520 million project for providing basic computer training to women, aiming to help increase their employment opportunities in information technology (IT) sector. State Minister for Women and Children Affairs Meher Afroze Chumki formally...

REHAB demands ‘One stop Service Cell’ at Rajuk

2014-07-02 00:00:00

Real Estate and Housing Association of Bangladesh (REHAB) demanded Wednesday introducing a ‘One stop Service Cell’ at Rajdhani Unnayan Kartripakkha (Rajuk) for quick approval of building designs in areas under its jurisdiction. According to a news agency. The demand was...

South Africa trade deficit narrows

2014-07-02 00:00:00

JOHANNESBURG, July 1 (AFP) : South Africa's trade deficit narrowed to 6.57 billion rand ($619 million, 453 million euros) in May, but fears of a hit from another protracted mining strike loomed. Imports fell by 5.9 per cent during the...

European equities edge ahead in cautious deals

AFP | 2014-07-02 00:00:00

LONDON: European stock markets broadly crept ahead Wednesday but lost some ground in afternoon trading despite strong US jobs data on the eve of a eurozone interest rate decision. Trading was marked also by several initial public offerings in Europe....

Sramik Dal president, secy injured in clash

2014-07-02 00:00:00

At least 10 people, including Sramik Dal president and general secretary, were injured in a clash over the formation of its Dhaka City South unit committee at BNP’s Nayapaltan central office on Wednesday. The Sramik Dal central office housed in...

JS body for keeping BTMC functioning

2014-07-02 00:00:00

The Parliamentary Standing Committee on Textiles and Jute Ministry Tuesday suggested the ministry to take all necessary measures to keep Bangladesh Textiles Mills Corporation (BTMC) functioning. The suggestion was made at the 3rd meeting of the committee held at the...

China manufacturing growth picks up in June

2014-07-02 00:00:00

BEIJING, July 1 (AFP) : Chinese manufacturing activity expanded at its fastest pace this year in June, an official survey showed Tuesday, in a sign that Beijing's attempts to tackle slowing growth in the world's number two economy are gaining...

Govt trying to send back regd Rohingya refugees: PM

2014-07-02 00:00:00

The present government is trying to send back the registered Rohingya refugees, who are still in the country, and stop fresh influx of Myanmar citizens to Bangladesh. Prime Minister Sheikh Hasina stated this in Parliament on Wednesday in reply to...

Japan business confidence sags in June quarter: BoJ

2014-07-02 00:00:00

TOKYO, July 1  (AFP) : Japanese business confidence has sagged since consumers were hit with higher prices after an April sales tax hike, suffering the first deterioration in six quarters, a Bank of Japan report showed Tuesday. The Tankan survey...

Morgan Stanley eyes compensation cuts for financial advisers

2014-07-02 00:00:00

NEW YORK, July 1 (Reuters) :  Morgan Stanley  wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to...

News in Brief

2014-07-02 00:00:00

S Korea exports rise 2.5 per cent in June SEOUL, July 1 : South Korea's exports rose 2.5 per cent in June from a year ago on robust shipments of tech products and steel, official data showed Tuesday. Exports for...

France proposes 1.0b euro credit line for India projects

2014-07-02 00:00:00

NEW DELHI, July 1 (Reuters): France has proposed to give India a 1 billion euro ($1.4 billion) credit line to fund sustainable infrastructure and urban development projects, Foreign Minister Laurent Fabius said on Tuesday. The credit line would be available...

AirAsia, Rakuten team up for Japan budget airline

2014-07-02 00:00:00

TOKYO, July 1 (Reuters): AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel...

Pollution blamed for drop in Beijing tourism

2014-07-02 00:00:00

BEIJING, July 1 (AFP): The number of overseas tourists visiting China's capital fell by 10 per cent last year compared to 2012, state media reported, with air pollution blamed for the decline. The total number of foreign visitors arriving in...

Chinese bank sues local govt financing vehicle in rare public spat

2014-07-02 00:00:00

SHANGHAI, July 1 (Reuters): A Chinese bank is suing a local government financing vehicle over a bad loan in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market. The...

BMSS chairman, secy reelected

FE Report | 2014-07-02 00:00:00

Shaheed Serniabat was reelected chairman and AFM Shah Alam general secretary of Bangladesh Mudran Shilpa Samity (BMSS) for a third time, now for the 2014-2016 term, a news release said. The Executive Committee election of BMSS was held on 20...

Saudi\\\'s Ma\\\'aden signs $5.0b financing for phosphate scheme

2014-07-02 00:00:00

DOHA, July 1 (Reuters): Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement...

Photo: A delegation of the India-Bangladesh Chamber of Commerce and Industry

2014-07-02 00:00:00

Photo: NOVOAIR signed a discount promotion agreement with Japan Credit Bureau (JCB)

2014-07-02 00:00:00