India houses 1/3rd of world's extreme poor NEW DELHI, July 16: One third of the extreme poor global population reside in India which has also recorded the highest number of under-five deaths in the world, the latest UN Millennium Development...
FE Report | 2014-07-17 00:00:00
US-Bangla Airlines came as a new addition to Bangladesh's growing airlines in the private sector with its journey into the country's skies Wednesday, targeting domestic destinations. With the slogan 'Fly First, Fly Safe', two flights took off on Dhaka-Chittagong and...
CAIRO, July 16 (Reuters): Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average gross domestic product (GDP) growth of 5.0 per cent by 2018 and the same amount...
SYDNEY, July 16 (Reuters): International business leaders are lobbying the Group of 20 (G20) bloc of advanced and developing countries to tackle a $57 trillion shortfall in global infrastructure, pressing for changes to funding rules they say would help big...
NEW DELHI, Jul 16 (PTI): India's exports grew by 10.22 per cent to US$26.4 billion in June this year while imports stood at $38.24 billion, up by 8.33 per cent, leaving a trade deficit of $11.76 billion, according to the...
Militants shot down a Malaysian airliner over eastern Ukraine on Thursday, killing all 295 people aboard, a Ukrainian interior ministry official was quoted as saying by Interfax-Ukraine news agency. The aircraft came down near the city of Donetsk, stronghold of...
WASHINGTN, July 16 (Reuters): Bank of America (BoA) Corp, the second-largest US bank by assets, reported a 43 per cent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Earnings attributable to shareholders fell to US$2.04 billion,...
A local Jubo League was shot to death and two other people were injured in a gun attack by unidentified miscreants in Rangunia upazila of Chittagong on Thursday night. The deceased was identified as Hossain, 38, joint secretary of the...
BEIJING, July 16 (AFP): Chinese growth accelerated to a forecast-beating 7.5 per cent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy. The April-June figure from the National Bureau...
KUWAIT CITY, July 16 (AFP): National Bank of Kuwait (NBK), the emirate's largest lender, said Wednesday its second quarter net profit jumped 28.9 per cent on the back of improvement in domestic economic activity. In the three months period to...
The United States (US) has been a major trade partner of Bangladesh for a long time, and now the country has become a major source of remittance with hefty increase in the inflow of the life blood of foreign exchange...
Bangladeshi expatriates in the United States (US) raised their voice together to help their motherland regain the GSP (generalised system of preference) and other trade related privileges from the US government, reports BSS. In their latest move, the expatriate Bangladeshis...
The chief of mission in Bangladesh for the International Organization for Migration (IOM) Sarat Chandra Dash Wednesday called on Foreign Minister AH Mahmood Ali at the latter's office in the capital. During the meeting, they discussed various issues relating to...
Bangladesh Bank (BB) is going to install fake currency detecting machines in city's shopping malls to prevent the counterfeit notes from entering the market during the Eid shopping, reports BSS. The Central Bank would hand over 50 fake currency detectors...
SHANGHAI, July 16 (AFP) : Chinese media on Wednesday hailed the creation of the BRICS development bank, to be based in Shanghai, blaming Western countries and multilateral agencies for flaws in the global financial system. At a summit in Brazil,...
TOKYO, July 16 (AFP): The dollar rose in Asia on Wednesday as the Fed chief said the central bank would keep its near-zero rate policy in place, but hinted that interest rates could rise earlier than expected. In Tokyo morning...
FE Report | 2014-07-17 00:00:00
The stock market returned to the green Wednesday after previous session's marginal correction as investors took position on heavyweight stocks. The market opened with a positive note which continued till the market closure. Eventually, the DSEX, the prime index of...
Standard Chartered Bank Bangladesh has closed the largest ever project financing deal in power sector of Bangladesh, said a statement. This is a Long Term (LT) Project Financing for Summit Meghnaghat Power Company limited (SMPCL), a 335MW Dual Fuel fired...
Branding BNP chairperson Khaleda Zia as the queen of killers, Information Minister Hasanul Haq Inu on Thursday said she is promoting criminalised politics in the country. “Khaleda Zia is surrounded by killers…there’re killers in her left, right and also before...
FE Report | 2014-07-17 00:00:00
The Dhaka Stock Exchange (DSE) restructured two price indices -- DSE Broad Index (DSEX) and DSE 30 Index (DS30) and added one company to the DSEX, a move that will help gauge the market more accurately. The premier bourse reconstituted...
Eastland Insurance Co. Ltd. settled a claim for Tk. 204.1 million of M/s. Westmont Power (Bangladesh) Ltd., a subsidiary power plant of United Group under Power Plant Operational Insurance Policy. Mr. Arun Kumar Saha, Managing Director of Eastland Insurance handed...
Premier Leasing gets new chair, vice-chair Dr. Mizanur Rahman Shelley was elected as Chairman of Premier Leasing & Finance Limited in the128th Meeting of the Board of Directors of Premier Leasing & Finance Limited held recently. Social scientist, educationist and...
Mohammad Ali | 2014-07-17 00:00:00
The Institute of Chartered Accountants of Bangladesh (ICAB) has started actions against about a dozen Chartered Accountants (CAs) and CA firms for their professional misconducts, sources at the institute said. The ICAB Council initiated the move in line with recommendations...
LONDON, July 16 (Reuters): Stocks rose in Europe on Wednesday after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The world's second largest economy expanded at a...
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