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Bundesbank sees German economy stagnating in second quarter

2014-07-22 00:00:00

FRANKFURT, July 21 (Reuters): The German economy probably stagnated in the second quarter as industry shifted down a gear in the face of geopolitical concerns, the Bundesbank said in its monthly report on Monday. The loss of momentum in Germany,...

UK GDP growth to top G7 countries: Thinktank

2014-07-22 00:00:00

LONDON, July 21 (Xinhua): With GDP expansion at 3.1 per cent expected for 2014, Britain is set to achieve the strongest growth rate among the Group of Seven (G7) economies, said the EY ITEM Club Monday. British gross domestic product...

exchange rate

2014-07-22 00:00:00

Photo: Prospective buyers making their choices

2014-07-22 00:00:00

Photo: HONG KONG: People riding on escalators in a shopping mall

2014-07-22 00:00:00

Dhaka needs legal rules to regain Jamdani glory, says study

2014-07-22 00:00:00

 Jamdani, one of the finest Muslin textiles, has been loved by Bengali women for centuries for the beautiful sarees it make. Historically, it belongs to Dhaka, but not yet legally, reports UNB. A year after Bangladesh enacted a law to...

Bhutan urges BD businessmen to invest in hydropower

2014-07-22 00:00:00

Bhutanese High Commissioner Pema Choden Monday urged Bangladeshi businessmen to invest in hydropower and agriculture sector in Bhutan, reports BSS. "Bangladeshi investors will be benefited through selling power to other countries along with India under Free Trade Agreement (FTA)," she...

Yen advances in Asian trade

2014-07-22 00:00:00

SINGAPORE, July 21 (AFP) : The yen strengthened in Asia Monday as investors sought out lower-risk investments as a hedge against geopolitical uncertainty fuelled by the MH17 tragedy and Israel's ground offensive in Gaza, analysts said. The dollar bought 101.26...

Govt plans to create e-commerce entrepreneurs in upazilas

2014-07-22 00:00:00

The government is planning to create entrepreneurs in the upazilas to expand e-commerce and create employment for the computer and IT literate youths, official sources said. They said the entrepreneurs now being developed under the Freelancers to Entrepreneurs Development Programme...

Oil prices down in Asian trade

2014-07-22 00:00:00

SINGAPORE, July 21 (AFP) :  Oil prices slipped in Asian trade Monday but analysts said they were supported by concerns of an escalation of the Ukraine crisis after the crash last week of a Malaysian airliner. Investors were also keeping...

Major city malls install fake note detectors

Talha Bin Habib | 2014-07-22 00:00:00

The city's most shopping malls installed Monday machines to detect fake currency notes as dozens of money counterfeiting gangs are active ahead of Eid-ul Fitr. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) with the cooperation of Bangladesh...

China shuts meat producer supplying McDonald\\\'s, KFC

2014-07-22 00:00:00

SHANGHAI, July 21 (AFP): Shanghai has shut a factory of US food provider OSI Group for selling out-of-date meat to restaurant giants including McDonald's and KFC, authorities said Monday, in China's latest food safety scandal. A Shanghai television channel, which...

Photo: Rafiqul Islam Bakul, managing director of Dolphin Washing Plan Limited,

2014-07-22 00:00:00

Next monetary policy to be capital market-friendly

FE Report | 2014-07-22 00:00:00

The central bank's next monetary policy will be capital market-friendly, a top central banker said. The Bangladesh Bank (BB) has now decided to announce its first half-yearly monetary policy on July 26, instead of July 27. "We'll announce the monetary...

Exim Bank distributes Zakat among street children

FE Report | 2014-07-22 00:00:00

Exim Bank Ltd Monday distributed Zakat among one thousand street children under the initiative of Bangladesh Bank (BB). Each of the children received Tk 1000, officials said, BB Governor Dr Atiur Rahman as the chief guest handed over the Zakat...

Turnover crosses Tk 3.0b-mark

FE Report | 2014-07-22 00:00:00

Stocks posted modest gain Monday with turnover on the prime bourse crossing Tk 3.0 billion-mark after 13-session  as optimistic investors went for buying spree on large cap stocks. The market opened with a positive note and the momentum continued till...

LR Global wins World Finance award

2014-07-22 00:00:00

LR Global Bangladesh Asset Management Company Limited has recently been awarded the Best Investment Management Company among five finalists in Bangladesh and received the "Investment Management Award, 2014" second year in a row by World Finance, a leading financial publication...

News Briefs

2014-07-22 00:00:00

Key indices of Sonali Bank on rise State-owned Sonali Bank Limited has been making gradual progress by overcoming various impediments that the bank faced in the recent past. The key indices of the largest public bank business started showing up...

Photo: An Iftar Mahfil was arranged by Mercantile Bank Limited

2014-07-22 00:00:00

Bangladesh faces tough fight in ITU election

Khairul Islam | 2014-07-22 00:00:00

Bangladesh is going to face a tough contest to retain its council membership in the International Telecommunications Union (ITU) as some powerful contestants are vying for the similar seats in the UN agency, official sources said. ITU is the specialised...

Committee working on developing new plots

FE Report | 2014-07-22 00:00:00

The high-powered committee at the Ministry of Industries (MOI) formed on the instruction of the Prime Minister to finalise proposals on setting up new industrial parks on excess land of seven state-owned enterprises (SOEs) considered several options at its first...

Hong Kong shares slip

2014-07-22 00:00:00

HONG KONG, July 21 (Reuters): Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. The Hang Seng Index closed down 0.3 per cent at...

Photo: SIBL recently arranged an Iftar Mahfil

2014-07-22 00:00:00

Photo: Novo Nordisk

2014-07-22 00:00:00

Judiciary to lose head : BNP

2014-07-22 00:00:00

BNP warned Monday that the judiciary would lose its head and effectiveness if parliament's power to impeach judges is restored, reports UNB. "It'll be tantamount to beheading the judiciary if parliament's power to impeach judges is restored. It'll also contribute...

Khaleda’s missed polls train will not return before 2019: Nasim

2014-07-22 00:00:00

Health Minister Mohammad Nasim said Monday that BNP chairperson Khaleda Zia’s missed polls train would not return before 2019, reports BSS. "People of the country are now living in peace and comfort. Capitalising on the persisting peace, progress and prosperity,...

Photo: BNP chairperson Khaleda Zia, along with her son Tarique Rahman

2014-07-22 00:00:00

Most cabin tickets go to VIPs, black marketeers

FE Report | 2014-07-22 00:00:00

Most people from the Barisal region intending to celebrate the upcoming Eid-ul-Fitr at their village homes failed to get cabin tickets in advance as launch owners had reportedly sold out all the tickets earlier. Sale of the cabin tickets of...

Thrust on creating awareness about OSH among leather sector people

FE Report | 2014-07-22 00:00:00

Speakers at a workshop Monday stressed the need for creating wider awareness about occupational safety and health (OSH) among the workers and employers of the leather industry in Bangladesh. They also emphasised ensuring better working conditions at tannery factories to...

UP member shot dead in Ctg

2014-07-22 00:00:00

CHITTAGONG, July 21 (UNB): A union parishad (UP) member was shot dead by miscreants at Nangalmora under Hathazari upazila of the district early Monday. The deceased was identified as Anwar Hossain Jasim (38), member of ward number 7 of Nawazishpur...