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Stocks return to the fast lane

Babul Barman | 2014-07-19 00:00:00

Stocks returned to the green last week that ended Thursday after the previous week's major correction as optimistic investors took position on lucrative stocks. The investors were also stimulated with cashing out tendency throughout the week over upcoming Eid festival...

Dutch PM calls on Putin to help crash probe

2014-07-19 00:00:00

An angry Dutch prime minister says he has had an "extremely intense" telephone conversation with Russian President Vladimir Putin in which he urged him to "show the world he intends to help" in the investigation into the Ukraine air disaster....

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2014-07-19 00:00:00

MH17 crash: Ukraine accuses rebels of destroying evidence

2014-07-19 00:00:00

Ukraine has accused pro-Russian militiamen at the site of the Malaysia Airlines crash of trying to destroy evidence of an "international crime". For a second day, OSCE monitors at the scene have had their movements restricted by militiamen. Reports that...

China\\\'s Alibaba plans US IPO after Sept 1: Xinhua

2014-07-19 00:00:00

SHANGHAI, July 18 (AFP): The highly-anticipated US stock offer by Chinese e-commerce giant Alibaba will take place after September 1, the official Xinhua news agency on Friday quoted an anonymous source as saying. The source said the roadshow for the...

Citycell can now pay its dues to BTRC by Sept

2014-07-19 00:00:00

FE Report The country's oldest mobile phone operator -- Citycell -- has got three more months for payment of its Tk 2.29 billion dues to the telecom regulator. In response to the Citycell appeal, the regulator extended the time of...

Malaysian plane crash hits global stocks

2014-07-19 00:00:00

LONDON, July 18 (AFP): Global stock markets slid on Friday after the crash of a Malaysian Airlines jet which killed nearly 300 people over rebel-held eastern Ukraine, amid signs it was hit by a missile. Russian shares and the ruble...

Local currency remains stable

2014-07-19 00:00:00

The local currency maintained a stable tone during the week of July 13 to July 17 last and was traded around 77.60 levels. Bangladesh will receive more inward remittances ahead of Eid-ul-Fitr. The market will see the same tone next...

CCIL seeks to launch trading platform for Indian rate swaps in September

2014-07-19 00:00:00

MUMBAI, July 18 (Reuters): Clearing Corporation of India Ltd. is seeking to launch a new trading platform for overnight indexed swaps (OIS) in September, three sources aware of the plans told Reuters, potentially helping spur more trading in the nearly...

Tokyo investors eye geopolitical tensions next week

2014-07-19 00:00:00

TOKYO, July 18 (AFP): Tokyo investors will be keeping an eye on simmering geopolitical tensions next week in the aftermath of a Malaysia Airlines jet crash in violence-wracked Ukraine. Fresh economic data, including Japanese trade figures for June, will also...

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2014-07-19 00:00:00

Cucumber prices up, fish down

2014-07-19 00:00:00

FE Report Prices of a few fish species went down while vegetable prices showed a mixed trend in last seven days, according to traders of the city's kitchen markets.   Brinjal prices reduced slightly maintaining the higher range. Fish prices, specially...

Low inflation can hit European growth : IMF chief

2014-07-19 00:00:00

PARIS, July 18 (AFP): IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy. "Obstinately low inflation can seriously undermine growth," said Lagarde, who...

Produce, use organic fertilisers to improve productivity : Experts

2014-07-19 00:00:00

RANGPUR, July 18 (BSS): Experts at a filed day programme have asked the farmers for expanded production and use of organic fertilisers to improve soil health for sustainable crop productivity reducing use of chemical fertilisers and pesticides. The Department of...

Oil prices jump after Malaysian jet crash in Ukraine

2014-07-19 00:00:00

NEW YORK, July 18 (AFP): Global oil prices pushed higher Thursday after a Malaysian jetliner crashed in rebel-held eastern Ukraine, sparking concerns of an escalation in the crisis in the former Soviet state. The US benchmark futures contract, West Texas...

Scientists unveil genetic blueprint of bread wheat

2014-07-19 00:00:00

WASHINGTON, July 18 (Xinhua): An international team of scientists yesterday unveiled a draft genome sequence of bread wheat, also known as common wheat, a scientific advancement that could help develop more productive or resistant wheat varieties. Rich in protein, carbohydrates...

Gold spikes following Malaysian Airlines flight crash

2014-07-19 00:00:00

CHICAGO, July 18 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange surged yesterday after a Malaysian Airlines flight crashed in Ukraine near the Russian border. The most active gold contract for August delivery went up...

Export of pharmaceutical products up by 20 per cent

Shamsul Huda | 2014-07-19 00:00:00

The export of pharmaceutical products over the last three fiscal years (FYs) increased on an average by 20 per cent every fiscal. The products are now being exported to more than ninety countries across the world. The exports stood at...

National Bank Limited

2014-07-19 00:00:00

BURO gets laurels from global consultancy for social performance

2014-07-19 00:00:00

FE Report BURO Bangladesh, a leading microfinance institution, has been acclaimed by a global consultancy for its diversified activities geared toward the poor, specially those at the bottom rung of poverty. The laudatory assessment of the microcredit major comes in...

Zakat clothes sale gains momentum

2014-07-19 00:00:00

FE Report Sale of clothes for Zakat in the country's biggest wholesale markets like Islampur and Baburhat has got momentum as hundreds of people from different parts of the country are thronging those to collect such clothes. Traders concerned said...

Dollar up after New York losses fuelled by plane tragedy

2014-07-19 00:00:00

TOKYO, July 18 (AFP) : The dollar edged up in Asian trade Friday after tumbling in New York on news that a Malaysia Airlines jet had crashed in Ukraine killing almost 300 people, with the US saying it had been...

ADB cuts Southeast Asia growth outlook, blames tensions

2014-07-19 00:00:00

HONG KONG, July 18 (AFP) :  The Asian Development Bank on Friday downgraded its 2014 economic outlook for Southeast Asia, citing political tensions in Thailand and Vietnam and soft external demand in Indonesia. The Manila-based lender said in a supplement...

Al-Arafah Islami Bank Limited

2014-07-19 00:00:00

Harun, Jahangir new chairman, vice chairman of Asia Ins Ltd

2014-07-19 00:00:00

Yussuf Abdullah Harun, member of parliament  was unanimously re-elected chairman and Mohammed Jahangir Alam was elected as vice chairman of the Board of Directors of Asia Insurance Limited respectively. They were elected at its 101th board of directors meeting held...

Biman\\\'s bid to have turboprops for domestic flights looks bright

2014-07-19 00:00:00

In response to Biman Bangladesh Airlines' invitation, nine international companies have submitted their Request for Proposals (RFPs) to the national flag carrier for supplying two 45-80 seated single-class turboprop aircraft for five years. Biman received nine proposals following its invitation...

Brisk sale of home appliances ahead of festivals

2014-07-19 00:00:00

 The country is witnessing a brisk sale of electronic goods especially home appliances including refrigerator and television in city markets ahead of the two Eid festivals, showing a sign of hefty profit for traders of the growing industry, reports BSS....

GE profits up as most industrial segments improve

2014-07-19 00:00:00

NEW YORK, July 18 (AFP): General Electric Friday reported higher second-quarter earnings following cost-cutting efforts as it announced a late-July stock listing for its North American retail finance arm. Earnings for GE, considered a proxy for US industrials, came in...

Business leaders urge G20 reforms to boost global growth by $3.4 trillion

2014-07-19 00:00:00

SYDNEY, July 18 (AFP):  Business leaders in Australia Friday called on G20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by US$3.4 trillion and create millions of jobs. The business chiefs, who...

Pedestrians suffer as hawkers occupy footpaths

2014-07-19 00:00:00

CHITTAGONG, July 18  (BSS) :  Hawkers in the city's New Market and Riazuddin Bazaar areas have again occupied the footpaths ahead of Ed-ul-Fitre causing extreme sufferings to the pedestrians. People alleged that the law enforcing agencies do not pay heed...