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Software export may miss target

Shamsul Huda | 2014-07-02 00:00:00

Official software-export performance may miss the target in the fiscal year (FY) 2014, after a steady growth of the trade in the knowledge economy in last four years till FY13, sources said. Currently, the government maintains only the official data...

ADB lends $255m for protecting riverbanks

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

The Asian Development Bank will lend Bangladesh $255 million for financing a project undertaken to protect riverbanks of Jamuna, Padma and the Ganges as erosion leaves many people homeless and devours croplands in their vicinities every year. An ADB multitranche...

Asian factory activities rise, eurozone still lags

2014-07-02 00:00:00

LONDON/TOKYO, July 1 (Reuters): Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fuelled by improving demand at home, but eurozone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output...

Sri Lankan inflation dips to record low in June

2014-07-02 00:00:00

COLOMBO, July 1 (Xinhua): Sri Lanka's inflation dipped to a record low of 2.8 per cent in June as the country maintained single digit inflation for the 65th month in a row, the country's central bank said on Tuesday. Inflation...

Swiss-China free-trade deal comes into force

2014-07-02 00:00:00

BASEL, Switzerland, July 1 (AFP): A watershed free-trade deal between China and Switzerland came into force on Tuesday, the first such accord between the Asian giant and a mainland European economy. Senior Swiss and Chinese officials were scheduled to mark...

Indonesian annual inflation eases in June

2014-07-02 00:00:00

JAKARTA, July 1 (Xinhua): Indonesian consumer price index accelerated at slower pace in June on yearly basis, allowing the central bank to keep its benchmark interest rate unchanged at its meeting earlier this month. The national statistic bureau announced Tuesday...

Australian keeps rates on hold at 2.5pc

2014-07-02 00:00:00

SYDNEY, July 1 (AFP): Australia's central bank kept interest rates on hold at a record low 2.5 per cent Tuesday, as a resilient currency and softening commodity prices hobbled the economy's shift away from mining. The Reserve Bank left the...

Russian economic growth \\\'too low\\\'

2014-07-02 00:00:00

ST PETERSBURG, Russia, July 1 (Reuters): Economic growth in Russia is too low and is putting the country in a difficult situation, Central Bank Governor Elvira Nabiullina said on Tuesday. "Even 1.0 per cent is very little," Nabiullina said. "This...

Photo: A colourful procession was brought out from the city\\\'s Motsho Bhaban

2014-07-02 00:00:00

Photo: AHMEDABAD, India: A worker carrying steel buckets

2014-07-02 00:00:00

Impact of remittance inflows into developing economies highlighted

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

Bangladesh Bank Governor Dr. Atiur Rahman addressed the Frankfurt School of Finance & Management, Frankfurt faculty Monday on impact of remittance inflows into developing economies. In his presentation, Governor Rahman highlighted significance of wage earners' remittances in socioeconomic development of...

Rights offer of Midas Financing approved

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

The securities regulator Tuesday approved the proposals of rights offer of the Midas Financing and the Non-Convertible Subordinate Bond of AB Bank, officials said. The approvals came at a commission meeting chaired by the Bangladesh Securities and Exchange Commission (BSEC)...

IPO subscription of two companies this month

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

The public subscription of two companies -- Saif Powertec Ltd and Ratanpur Steel Re-rolling Mills Ltd -- will begin this month, officials said The initial public offering (IPO) subscription of Saif Powertec will begin on July 6 and remain open...

Sensex rises more than 100 points

2014-07-02 00:00:00

MUMBAI, July 1 (Reuters): The BSE Sensex rose for a third consecutive session on Tuesday as auto makers such as Maruti Suzuki India surged after stronger monthly sales, while strong foreign buying also underpinned sentiment. Foreign institutional investors bought shares...

New \\\'Independent Director’ of Standard Bank

2014-07-02 00:00:00

Mr. Najmul Huq Chaudhury has been unanimously elected 'Independent Director' of Standard Bank Limited. He completed his degree from St. Xavier's College, Kolkata and received higher degree from Kolkata University. He served as Managing Director of Van Ommeren Tank Terminal...

Mercantile Bank gets new leaders

2014-07-02 00:00:00

Mr. A. S. M. Feroz Alam and Mr. M. S.  Ahsan have been elected as Vice Chairmen of Mercantile Bank Limited. Mr. A. S. M. Feroz Alam is the Chairman of Premier Leasing Securities Ltd, Managing Director of Bengal Trading...

IPO Diary

2014-07-02 00:00:00

Photo: CAPM Advisory Ltd and International Finance Corporation (IFC)

2014-07-02 00:00:00

Photo: Uttara Bank Limited

2014-07-02 00:00:00

Photo: CVO Petrochemical management distributed Ifter items among poor and destitutes

2014-07-02 00:00:00

NZ beat WIndies for series win

2014-07-02 00:00:00

BRIDGETOWN, July 1 (AFP): New Zealand's perseverance with their frontline bowlers paid off eventually as the visitors completed a 53-run victory over the West Indies in the last hour of the third and final Test match at Kensington Oval in...

Suarez apologises to Chiellini for bite

2014-07-02 00:00:00

MARSEILLE, July 1 (Reuters): Uruguay striker Luis Suarez has finally apologised for biting Italy defender Giorgio Chiellini during a World Cup match and vowed there would never be a repeat of the incident. After initially denying that he bit Chiellini,...

Neymar to be ready for Colombia

2014-07-02 00:00:00

TERESUPOLIS, July 1 (AFP): Brazil star Neymar will be fit to face Colombia in Friday's World Cup quarter-final in Fortaleza, a spokesman for the Brazilian Football Confederation (CBF) confirmed Monday. "It is not a problem for the game. He is...

Broad wants life ban for all fixers

2014-07-02 00:00:00

LONDON, Jul 1 (AFP): England all-rounder Stuart Broad called for all those found guilty of match-fixing to be given the same lifetime ban as handed down to former New Zealand batsman Lou Vincent on Tuesday. The punishment, which was confirmed...

Djokovic, Murray close in semi-final duel

2014-07-02 00:00:00

LONDON, July 1 (AFP): Top seed Novak Djokovic and defending champion Andy Murray closed in Monday on a mouth-watering Wimbledon semi-final duel after easing into the last eight at a wet and wild All England Club. Djokovic reached the quarter-finals...

French veteran calls for revenge against Germans

2014-07-02 00:00:00

PARIS, July 1 (AFP): The present French side can avenge the painful defeats of their predecessors in the 1982 and 1986 World Cup semi-finals when they face Germany in Friday's quarter-final, said Maxime Bossis, who played in both of those...

Africa\\\'s good, bad and ugly at WC

2014-07-02 00:00:00

RIO DE JANEIRO, July 1 (AFP): Algeria and Nigeria headed home Tuesday after another five-prong African World Cup challenge came to a disappointing end in Brazil. While the 'Desert Foxes' and 'Super Eagles' proved combative last-16 opponents for Germany and...

sports digest

2014-07-02 00:00:00

NZ's Vincent gets life ban for fixing WELLINGTON, July 1: Disgraced former New Zealand batsman Lou Vincent Tuesday was banned for life from cricket for match-fixing, admitting he was a cheat who had shamed the sport and his country. "My...

Photo: BANGALORE: Indian badminton women\\\'s doubles champion Ashwin Ponnappa

2014-07-02 00:00:00

Photo: WIMBLEDON: Canada\\\'s Eugenie Bouchard hits a shot during a session

2014-07-02 00:00:00