FE Report | 2014-07-16 00:00:00
Representatives of the telecom regulator have started touring across the country to take stock of the 3G (third generation) network development made by the mobile phone operators in last nine months of the service launching. As part of its monitoring,...
MUMBAI, July 15 (Reuters): The Nifty rose about 1 per cent on Tuesday, snapping a five-day losing streak as rate-sensitive stocks such as ICICI Bank surged after consumer inflation in June slowed to the lowest since the figures were published...
TOKYO, July 15 (Reuters): Japan's samurai bond market is on track for a record year, as low issuance costs and yield-starved Japanese investors tempt more foreign companies to issue yen-denominated debt. The popularity of samurais might seem counterintuitive, as spreads...
TOKYO, July 15 (Reuters): Japanese messaging app operator Line Corp applied for an initial public offering (IPO) valued at over 1 trillion yen ($9.85 billion) around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the...
LISBON, July 15 (AFP): Shares in stricken Portuguese bank Banco Espirito Santo (BES) plunged further on Tuesday, sinking more than 20 per cent at one point. In mid-morning trading, shares in the biggest private bank in Portugal, were down 15.28...
A Dutch court has ruled that the Netherlands is liable over the killings of more than 300 Bosniak (Bosnian Muslim) men and boys at Srebrenica in Bosnia-Hercegovina in July 1995. The men and boys were among 5,000 Bosniaks, mostly women...
Prime Minister Sheikh Hasina on Wednesday reaffirmed Bangladesh’s commitment to keep on working together with the International Criminal Court (ICC) and the international community in their efforts to ensure justice. “I reaffirm Bangladesh's commitment to continue to work together with...
BNP chairperson Khaleda Zia on Wednesday night provided financial assistance to the families of 21 BNP men who have been killed and made disappeared in the city. She gave Tk 0.1 million to each family of the 21 victims of...
LONDON: European stock markets leapt higher on Wednesday owing to strong economic growth data from China and an improved picture in Portugal, dealers said. London's FTSE 100 rallied 1.11 per cent to 6,784.67 points as Britain's unemployment rate hit 6.5...
Jasim Uddin Haroon | 2014-07-16 00:00:00
Most sectors barring the clothing performed poorly as stronger local currency and trouble-torn destinations bit into their export proceeds in the fiscal year just gone by. Analysts and sector insiders said appreciation of Taka is one of the key reasons...
FE Report | 2014-07-16 00:00:00
Poultry feed producers on Tuesday demanded destroying tannery waste at the tanneries to prevent use of toxic tannery waste in the preparation of poultry feeds by dishonest businesses. Leaders of Feed Industries Association Bangladesh (FIAB) also demanded the government shut...
FE Report | 2014-07-16 00:00:00
Bangladesh Small and Cottage Industries Corporation (BSCIC) will organise a seven-day Jamdani and handicrafts exhibition and fair on Thursday in the city to make Jamdani famous to the world. Artisans will display varieties of Jamdani sarees including tersa, jalpar, pannahazar,...
Our Correspondent | 2014-07-16 00:00:00
CHITTAGONG, July 14: Director of the PHP Group Mohamed Ali Hossain has been elected chairman of Peoples Insurance Company Ltd after the board election. The election of the Board of the company was held on July 12 last at the...
Md Ahsan-uz Zaman has joined Midland Bank Limited as its managing director (MD) & CEO, said a statement. Prior to joining the bank, he served Mutual Trust Bank as additional managing director. Ahsan-uz Zaman worked for Bank of America in...
BEIJING, July 15 (AFP): Foreign direct investment (FDI) into China rose 2.2 percent to $63.33 billion during the first six months of this year, the government announced Tuesday. For the month of June alone, FDI-which excludes investment in financial sectors-inched...
India rules out privatisation of Air India NEW DELHI, July 15: Government today ruled out privatisation of Air India for now and said its financial parameters have been improving since 2012 when its turnaround plan was approved. "No sir. No...
In a news item published on Page 17 of the July 15 issue of The Financial Express (FE) under the headline ' Traders urge NBR to stop harassment by field officials', it was inadvertently reported the NBR was observing the...
The Executive Committee of the National Economic Council (ECNEC) Tuesday approved three development projects for rural electrification involving Tk 47.17 billion aiming to supply electricity to every village in the country by 2021, reports BSS. Fifty seven Palli Bidyut Samitys...
Our Correspondent | 2014-07-16 00:00:00
CHITTAGONG, July 15: Western Marine Shipyard has signed a contract with the Chittagong Port Authority for building a new 25-tonne BP tugboat. Tugboats are used to guide merchant ships from the outer anchorage to the port and also assist the...
KATHMANDU, July 15 (Xinhua): Two days after announcing the annual budget for the fiscal year 2014-2015, Nepal's Finance Minister Dr. Ram Saran Mahat on Tuesday claimed that the annual fiscal policy will 'kick start' the sluggish economy of the poor...
MANILA, July 15 (AFP): World Bank president Jim Yong Kim on Tuesday described the Philippines as the next "Asian miracle" and a global model in fighting corruption, as it emerges from decades as a regional economic laggard. Kim said President...
TOKYO, July 15 (Reuters): The Bank of Japan's (BOJ) governor voiced confidence on Tuesday that inflation would hold above 1.0 per cent even when a boost from energy costs fades, attempting to convince sceptics the economy was recovering and there...
S Africa expects greater trade | 2014-07-16 00:00:00
FORTALEZA, Brazil, July 15 (AFP): Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions. Brazilian President Dilma Rousseff hosts the leaders of...
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