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Photo: PRAN Up Valobashar Bangladesh

2014-07-25 00:00:00

Asian economies to struggle on weak export demand

2014-07-25 00:00:00

BANGALORE, July 24 (Reuters): The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing...

S Korea unveils $40b stimulus package

2014-07-25 00:00:00

SEOUL, July 24 (AFP): South Korea unveiled a $40 billion stimulus package Thursday as the finance minister warned of a risk of recession after the economy grew at its slowest rate for more than a year in the second quarter....

EBRD bank to stop new investments in Russia

2014-07-25 00:00:00

LONDON, July 24 (AFP): The EBRD bank on Wednesday said it will freeze funding for new projects in Russia in response to sanctions announced by Brussels last week over the Ukraine crisis. The European Bank for Reconstruction and Development (EBRD)...

Indonesia records increased foreign investment in Q2

2014-07-25 00:00:00

JAKARTA, July 24 (Reuters): Indonesia's investment board said the country attracted more foreign investment in the second quarter than the first, in spite of concerns interest would be cut by controversy over a mineral ore export ban and political uncertainty...

Photo: NEW DELHI, India: World Bank president Jim Yong Kim addressing

2014-07-25 00:00:00

Photo: LISBON, Portugal: A man passing by BES (Espirito Santo Bank) branch

2014-07-25 00:00:00

Japan trade deficit surges to record on weak exports

2014-07-25 00:00:00

TOKYO, July 24 (AFP): Japan's trade deficit ballooned to a record in the first half of the year as exports fell further in June, data showed Thursday, ramping up pressure on the central bank to unveil fresh measures to boost...

Eurozone economy rebounds

2014-07-25 00:00:00

BRUSSELS, July 24 (AFP): The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday. "Eurozone growth rebounded in July," the...

China manufacturing index jumps to 18-month high: HSBC

2014-07-25 00:00:00

BEIJING, July 24 (AFP): A key measure of Chinese manufacturing activity hit an 18-month high in July, HSBC said Thursday, in a further sign the world's second-largest economy is gaining momentum on the back of Beijing's mini-stimulus. The HSBC preliminary...

French PM says euro too strong, EU must do more

2014-07-25 00:00:00

PARIS, July 24 (Reuters): France's prime minister on Thursday called for the European Union to do more to help those member states carrying out reforms and reiterated France's views that the euro is overvalued. "You know I consider that the...

News in Brief

2014-07-25 00:00:00

Spain's unemployment crisis eases MADRID, July 24 : The unemployment rate in Spain fell sharply in the second quarter slipping beneath 25.0-per cent, official data showed on Thursday in a further sign that the country is pulling away from deep...

Photo: TOKYO, Japan: Japanese Prime Minister Shinzo Abe (left)

2014-07-25 00:00:00

A bank is born: Promising start to change international financial architecture

Hasnat Abdul Hye | 2014-07-25 00:00:00

At first it appeared as nothing more than a lot of hot air, limited to loud thinking among the proponents. An inter-continental bank requires cohesion, spirit of co-operation in concrete terms, a good deal of determination and planning which were...

Will new MPS 2014 be investment-friendly?

Anwar Faruq Talukder | 2014-07-25 00:00:00

Generally, monetary policy is defined as a process by which the monetary authority (ideally the central bank) of a country controls the supply of money, fixing rates of interest for the purpose of promoting economic growth and stability. The official...

Who shot down the Malaysian plane?

S.M.Nasimul Haque | 2014-07-25 00:00:00

A Malaysian Airlines aircraft was shot down over war zone of Ukraine on July 17. This flight was planned on an internationally approved route. These routes are established and approved by ICAO for the signatory states to use with full...

Indonesia gets an \\\'out-of-box\\\' leader

2014-07-25 00:00:00

Last Tuesday's electoral outcome of the Indonesian presidential elections as announced by the country's General Elections Commission (KPU) has catapulted Joko Widodo, the reform-minded governor of Jakarta, to the top job of the world's third largest democracy and the most...

Palestine bleeds but world stands a silent spectator

Nilratan Halder | 2014-07-25 00:00:00

Palestine is bleeding in the month of Ramadan. The legacy of the Arab-Jew conflict finds its origin in hoary past of the Old Testament. Judaism as a religion and the Jews as a people originated in a place known as...

Humayun Ahmed is sorely missed

Zaglul Ahmed Chowdhury pays tribute to the memory of the celebrated writer on his 2nd anniversary of death | 2014-07-25 00:00:00

The second death anniversary of celebrated novelist and playwright Humayun Ahmed passed off on July 19, bringing back his memory to countless admirers, friends and well wishers. The news of his death in a New York hospital two years ago...

Fake freedom fighters

2014-07-25 00:00:00

Reports published in the newspapers on Wednesday confirmed that there are many liars, cheats and corrupt officials who are regularly drawing monetary benefits from the state, in a shameful and mean manner for a long period in the name of...

Market full with fake products

2014-07-25 00:00:00

It is indeed alarming to see that some unscrupulous traders are selling fake butter oil in the package of renowned companies and thus cheating  common people. Eid-markets of the country are flooded with fake cosmetics, medicine and food items. Due...

Underground railway link at Dhaka

2014-07-25 00:00:00

Shamsul Arefin's article on the subject, published in the Financial Express on 19th July is a wishful thinking only. The reality will need tremendous changes that could cost the earth. Lest we forget, greater Dhaka and surrounding work areas cover...

Exporting Bangladeshi movies

Shihab Sarkar | 2014-07-25 00:00:00

The Bangladesh film sector was declared an industry two years ago, in 2012. Producers, distributors and film-related people had been voicing the demand for long. In the context of the recent colloquia and lighter seminars mooting the idea of bringing...

Viewing things from depth of solitude

Syed Ashraf Ali, reviewing the book | 2014-07-25 00:00:00

Thoughts and imagination have wings with potential to travel across time and space with effortless ease. A K N Ahmed, who is no stranger to the world of penmanship, has an admirable ability to harmonise his thoughts with imagination to...

Justice for children with disabilities

S. M. Rayhanul Islam reviewing the book | 2014-07-25 00:00:00

"My disability has not prevented me from achieving any of the important things. I am a qualified social worker, passed my driving test when I was 16, left home when I was 19 and have lived and worked in Asia...

Mohammedan finish 4th in Premier Football League

2014-07-25 00:00:00

Mohammedan Sporting Club finished fourth in the Nitol-Tata Bangladesh Premier Football League after beating Soccer Club, Feni by 3-0 goals at Bangabandhu National Stadium on Thursday, reports UNB. Wahed Ahmed put Mohammedan ahead early in the 10th minute. Arup doubled...

Jayawardene slams 101 not out to propel Sri Lanka

2014-07-25 00:00:00

COLOMBO, July 24 (AFP): Mahela Jayawardene cracked his 34th century as Sri Lanka overcame early blows to reach 212-3 at tea on the first day of the series-deciding second Test against South Africa Thursday. Jayawardene (37) hit 13 fours and...

Pakistan unveils new domestic league

2014-07-25 00:00:00

LAHORE, Pakistan, July 23 (AFP): Pakistan's cricket administration on Wednesday unveiled a new domestic league revamp, though demands to remove commercial and government department teams from the competition were ignored. Pakistan has long suffered from a below-par domestic structure. Many...

English triathlete Stimpson wins first gold of C\\\'wealth Games

2014-07-25 00:00:00

GLASGOW, July 24 (AFP): England's Jodie Stimpson won the opening gold of the Commonwealth Games in Glasgow on Thursday on a day when the multi-sport event was hit by the withdrawal of athletics legend Mo Farah. Stimpson, a silver medal...

Glasgow Games ceremony to be UNICEF fundraiser

2014-07-25 00:00:00

GLASGOW, July 24 (AP): The Commonwealth Games opening ceremony in Glasgow will partly be a UNICEF fundraiser, with the agency hoping the move encourages other sporting events to use showpiece occasions as charitable platforms. "There will be a moment where...