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2014-06-22 00:00:00

ASOS suspends orders after warehouse fire

2014-06-22 00:00:00

LONDON, June 21 (Reuters): British online fashion retailer ASOS said on Saturday it had been forced to suspend orders and take down its website following a fire at its main warehouse. ASOS, which warned earlier this month that its full-year...

Entrepreneurship expo begins in city today

Talha Bin Habib | 2014-06-22 00:00:00

The first-ever entrepreneurship and innovation exposition will begin in the capital today (Sunday) aiming at creating skilled manpower through providing necessary training to turn Bangladesh into a middle- income country by 2021. The Dhaka Chamber of Commerce and Industry (DCCI),...

Ugandan central banker sees more room for policy easing

2014-06-22 00:00:00

KAMPALA, June 21 (Reuters): Uganda's central bank expects to ease monetary policy further and the government's plan to reduce public borrowing in the next fiscal year should keep a lid on government debt yields, a senior bank official told Reuters....

Colombia ups interest rate to 4.0pc, buying more dollars

2014-06-22 00:00:00

BOGOTA, June 21 (Reuters): Colombia's central bank on Friday raised its benchmark lending rate by 25 basis points for the third straight month, an increase aimed at containing a recent rise in still-low inflation after a surge in first-quarter economic...

BB\\\'s green fund to promote \\\'German efficiency\\\' in rice mills

2014-06-22 00:00:00

The government is going to replace 50,000 inefficient boilers in rice mills across the country under the Bangladesh Bank's loan-refinancing scheme for 'green energies'. According to official sources, the Power Division, German donor agency GIZ, and some commercial banks have...

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2014-06-22 00:00:00

France backs GE bid for industrial jewel Alstom

2014-06-22 00:00:00

Many new power consumers defy ban on AC use

2014-06-22 00:00:00

Grappling with an energy crunch, the government has tagged a condition for the new electricity consumers that air conditioners (ACs) cannot be used, but thousands of such consumers are now using ACs defying the condition. In a typical home, air...

Obama hopes for Pacific trade deal by November

2014-06-22 00:00:00

WASHINGTON, June 21 (AFP): US President Barack Obama said Friday he hopes to have an agreement on framing a vast pan-Pacific trading block by the time he makes his next visit to Asia in November. The Trans-Pacific Partnership (TPP) would...

Google\\\'s Nest to buy Dropcam for $555

2014-06-22 00:00:00

MENLO PARK, California, June 21 (Reuters) : Google Inc's Nest Labs will buy home-monitoring camera startup Dropcam for about $555 million in cash, technology blog Re/code reported on Friday, taking another step deeper into consumers' homes. Nest and Dropcam confirmed...

News in Brief

2014-06-22 00:00:00

Sainsbury's to bring Netto discount chain back to Britain COPENHAGEN, June 21: British supermarket chain Sainsbury's is teaming up with Denmark's Netto to compete in Britain with "hard discount" retailers currently gaining market share, the companies said on Friday. Each...

After eurozone crisis, IMF rethinks rescues

2014-06-22 00:00:00

WASHINGTON, June 21 (AFP): The International Monetary Fund (IMF) is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilise their finances. To date the world's crisis lender has...

Taiwan outbound sales rise 4.7pc in May

2014-06-22 00:00:00

TAIPEI, June 21 (Xinhua): Taiwan's outbound sales orders totalled US$38.02 billion in May, up 4.7 per cent year on year, according to the island's statistics. From January to May, the outbound sales orders saw an annual increase of 4.4 per...

China for stronger trade, investment ties with Greece

2014-06-22 00:00:00

ATHENS, June 21 (Xinhua): China is ready to expand two-way trade and investment with Greece, visiting Chinese Premier Li Keqiang said when meeting with Greek President Karolos Papoulias here on Friday. Noting that China and Greece have constantly strengthened mutual...

State borrowing climbs in Britain in May

2014-06-22 00:00:00

LONDON, June 21 (AFP): British state borrowing worsened in May, official data showed on Friday, coming in far higher than analysts had expected. Public sector net borrowing, the government's preferred measure of the deficit, rose to £13.3 billion ($22.7 billion,...

Indonesia set to cut tax on mine export

2014-06-22 00:00:00

JAKARTA, June 21 (Reuters): Indonesia is drafting a new mining export tax that would more than halve the base rate to be paid by miners but doubts remain whether it would be accepted by major copper miners and end a...

Korea, Turkmenistan ink $4b gas deals

2014-06-22 00:00:00

ASHGABAT, Turkmenistan, June 21 (AFP): South Korean leader Park Geun-Hye on Friday oversaw the signing of $4 billion in agreements to build natural gas-processing plants in the isolated energy-rich Central Asian nation of Turkmenistan. Park and her host Gurbanguly Berdymukhammedov...

Russia to challenge US bans at WTO

2014-06-22 00:00:00

MOSCOW, June 21 (AFP): Russia will contest US sanctions over the crisis in Ukraine at the World Trade Organisation, Prime Minister Dmitry Medvedev said Friday. "The United States has introduced sanctions against Russia which will have negative consequences for external...

Bulgarian central bank to handle Corpbank

2014-06-22 00:00:00

SOFIA, June 21 (Reuters): A run on Corporate Commercial Bank (Corpbank) prompted Bulgaria's central bank to take control of the country's fourth-largest lender on Friday and its governor appealed to depositors to stay calm. The Bulgarian National Bank (BNB) said...

Spain announces tax cut plan

2014-06-22 00:00:00

MADRID, June 21 (AFP): Spain revealed plans Monday for sweeping tax cuts to stimulate the economy and create new jobs in a nation still grappling with stubbornly high unemployment despite a return to growth. Prime Minister Mariano Rajoy's government, which...

Cambodia reports rise in new business registrations

2014-06-22 00:00:00

PHNOM PENH, June 21 (Xinhua): Cambodia's Ministry of Commerce said Friday that it has granted operating licenses to 1,676 new firms in the first five months of 2014, up 55 per cent as compared with the 1,084 companies for the...

Creation of jobs, healthy lending investments mark first year

Raihan M Chowdhury | 2014-06-22 00:00:00

NRB Bank has completed one year of its operation recently. "Our main contribution during the first year is the creation of jobs and the healthy lending investments we have made according to our target," Chairman of the new generation private...

Towards ensuring safe food

Khalilur Rahman | 2014-06-22 00:00:00

The widespread use of formalin and other chemicals in fruits and a large number of food items has caused grave public concern. Green activists after conducting a thorough examination of fruits and food items last week found toxic substances in...

The Institute of Chartered Accountants of Bangladesh

2014-06-22 00:00:00

Clients yet to get payments from Dawn Securities

FE Report | 2014-06-22 00:00:00

The Dawn Securities is yet to pay the arrear payments to its many clients amid the inactions of the regulatory decision earlier taken to reduce the sufferings of the clients. The clients of the Dawn Securities raised such complaints Thursday...

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2014-06-22 00:00:00

Renata approves 75 per cent cash, 25 per cent stock dividends

2014-06-22 00:00:00

Renata Ltd has approved 75 per cent cash and 25 per cent stock dividends for the year 2013. The approval came at the 41st annual general meeting (AGM) of the company held in the city Saturday. Chairman of Renata Limited...

Indian indices extend losses last week as Iraq tension deepens

2014-06-22 00:00:00

MUMBAI, June 21 (Business Standard): Benchmark indices settled lower this week as investors turned cautious amid tensions in Iraq and weak rupee against dollar. India's concern for crude oil rose amid media reports of attacks on NATO fuel trucks on...

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2014-06-22 00:00:00