NEW YORK, June 22: Citigroup Inc said on Friday that Ned Kelly, a former chief financial officer who went on to advise as chairman of the company's investment bank, is retiring. Kelly, 61, will be replaced by Stephen Volk, who...
Treasury bench members in the House Sunday continued appreciating the proposed budget for fiscal year 2014-15 terming it a people-centric and implementable proposal, which would ensure welfare of the people and development of the country, reports BSS. Taking part in...
SEOUL, June 22 (AFP) : The export success of South Korea's TV dramas has spawned a hard-selling world of branded entertainment that uses product placement to push everything from smartphones to lipsticks. The so-called Hallyu (Korean Wave) of TV shows...
Industries Minister Amir Hossain Amu on Sunday left Dhaka for Vienna, Austria to attend a two-day forum on 'Promoting inclusive and sustainable industrial development: Strategies and instruments.' The two-day meeting begins on Monday at the Vienna International Centre organised by...
LUXEMBOURG, June 22 (AFP) : To Olli Rehn, the EU's low-key but hardline economics affairs commissioner, another push against austerity could not have come as much of a surprise. Rehn, who steps down at the end of the month, has...
LOGAN, United States, June 22 (AFP) : As a teenager, Danelle Myer wanted nothing more than to leave her family's farm in Iowa and become a big-city advertising executive. Now, the 42-year-old juggles orders for cabbage and deals with hail...
AMSTERDAM, June 22 (Reuters): Citroen's C4 Cactus is more than just another compact car. It's a manifesto on wheels for the brand's move down-market as parent PSA Peugeot Citroen struggles to return to profit. The car, lent to reporters for...
FE Report A rebound of remittance in-flow is projected in the coming years as the government is accelerating migration to new countries under the Government-to-Government system while working towards reducing the migration cost, industry insiders said. "Organisations such as BMET...
HARBIN, June 22 (Xinhua): Extensive exchanges will be at the forefront when Chinese and Russian delegates meet at the first China-Russia Exposition later this month, according to sources with the event's organisation committee. Scheduled to open on June 30, the...
DUBAI, June 22 (Gulf News): The new government in India needs to urgently address inflation to stabilise the economic growth and sustain the overall positive sentiment on economy and financial markets, said Anoop Bhaskar, Head of Equities, UTI Asset Management...
SEOUL, June 22 (Reuters): A survey of South Korean manufacturers showed business sentiment for the third quarter of the year fell from an over three-year high in the previous survey, but they remained mildly optimistic about the outlook for Asia's...
QINGDAO, June 22 (Xinhua): Wealth management products (WMPs) have been booming in China in the past few years, totalling 12.8 trillion yuan (about US$2.1 trillion) by the end of May, a senior official of China's central bank said Saturday. The...
SPIELBERG, Austria, June 22 (Reuters): The European Central Bank (ECB) is unlikely to raise interest rates from record lows until 2016 when the eurozone economy starts to pick up more strongly, ECB Governing Council member Ewald Nowotny said in a...
FE Report | 2014-06-23 00:00:00
The market edged marginally lower Sunday with turnover dipped to four-week low as investors remained reluctant to make fresh investments amid shaky confidence. Market sentiment has become shaky after the budget for the fiscal year 2014-15 that proposed some anti-capital...
Now Oracle Corporation is the industry's second-largest SaaS vendor with 3% to $11.3 billion total revenue up for Q4 of Fiscal 2014 while SaaS (software-as-a-service) and PaaS (platform-as-a-service) revenue rose 25 percent to $322 million and IaaS (infrastructure-as-a-service) sales jumped...
FE Report | 2014-06-23 00:00:00
An Indian power sector team arrives in Dhaka today (Monday) to hold discussions on setting up a transmission line for supplying 100 MW electricity to Bangladesh from the Palatana power plant in Tripura. Both sides expected to implement the power...
Several rights groups led by EquityBD at a press conference at Jatiya Press Club on Sunday termed the proposed budget and especially its tax policy anti poor as it lacked the principles of distributive justice. They also criticised the government...
MUMBAI, June 22: Foreign investors in India are changing investment strategies to favour domestic-oriented companies, mid-cap stocks and state-owned enterprises, based on hopes that Prime Minister Narendra Modi's new government will revive Asia's third-largest economy. These sectors have underperformed the...
Mohammad Ali | 2014-06-23 00:00:00
Global payment technology giant MasterCard has vowed to shortly expand its business in a big way in Bangladesh to tap its vast potential as the market is poised to take off into a cashless payment revolution. "With setting up of...
Shamsul Huda | 2014-06-23 00:00:00
Private investments in terms of the share of gross domestic product (GDP) slowed down over the last three fiscal years (FY) amid the fear about its impact on employment and money flow. According to the official statistics, the share of...
PARIS, June 22 (AFP): Shares in newly floated European stock market operator Euronext fell in early trading on last Friday, dipping beneath the issue price. Late on last Thursday, Euronext set the issue price at 20 euros valuing it at...
FE Report | 2014-06-23 00:00:00
Economists and policy specialists called for creating conditions congenial Sunday to accelerating the private-sector investment for advancing growth of all other segments in the country. Ensuring law and order and "depoliticising" the institutions are among the factors that could pave...
Our Correspondent | 2014-06-23 00:00:00
CHITTAGONG, June 22: Torrential rains over the last three days until Sunday caused severe water-logging that paralysed normal life in the port city and left a number of people marooned in low-lying areas. Heavy downpour overnight accompanied by tidal water...
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