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Gold falls on profit taking

2014-06-19 00:00:00

CHICAGO, June 18 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange yesterday went down for the first time in seven trading sessions on profit taking. The most active gold contract for August delivery fell 3.3...

Oil prices mixed ahead of Fed decision, Iraq fears linger

2014-06-19 00:00:00

SINGAPORE, June 18 AFP) :  Oil prices were mixed in Asia Wednesday as dealers await the US Federal Reserve's latest policy statement while also tracking ongoing violence in crude producer Iraq. US benchmark West Texas Intermediate for July delivery gained...

Indian govt imposes minimum export price of $300 per tonne on onion

2014-06-19 00:00:00

New Delhi, June 18 (PTI): Indian government Tuesday imposed a minimum export price of USD 300 per tonne on onion to curb their exports and help cool spiralling domestic prices.  Onion prices have risen to about Rs 25-30 per kg...

Global Commodity Prices

2014-06-19 00:00:00

Photo: Karmasangsthan Bank distributed bank loan cheques to the unemployed men and women in Gazipur recently.

2014-06-19 00:00:00

Govt in touch with Bangladeshis in Iraq

2014-06-19 00:00:00

The government is closely monitoring the situation in Iraq and will take necessary measures for the wellbeing of Bangladesh nationals there. The Ministry of Foreign Affairs is in regular communication with Bangladesh Embassy in Baghdad as well as the neighbouring...

G20 still increasing protectionism, says joint WTO/UN/OECD report

2014-06-19 00:00:00

GENEVA, June 18 (Reuters): Members of the Group of 20 leading economies are still doing more to restrict trade than to liberalise it, according to a report published by major world agencies on Wednesday. The regular monitoring report, from the...

Govt to set up technical training centres in every upazila

FE Report | 2014-06-19 00:00:00

The government will set up technical training centre in every upazila with a view to developing human resources and equipping potential overseas job seekers with skills. Expatriates' Welfare and Overseas Employment minister Khandker Mosharraf Hossain announced this Wednesday at a...

\\\'No need to change\\\' Europe\\\'s budget rules: Merkel

2014-06-19 00:00:00

BERLIN, June 18 (AFP): German Chancellor Angela Merkel said Wednesday she sees no need to change Europe's budget rules after her economy minister suggested that countries be given more time to get their finances in order. "We're agreed: there is...

Russia to reduce collateral payments for Mastercard, Visa

2014-06-19 00:00:00

MOSCOW, June 18 (Reuters): Russia moved to prevent the US payment card firms Mastercard and Visa quitting Russia by pledging to reduce the size of the deposit required for them to operate in the country. New rules imposed on foreign...

South Korea aims to launch yuan/won trading this year

2014-06-19 00:00:00

SEOUL, June 18 (Reuters): South Korea aims to launch direct trading of yuan/won this year, a senior government official said on Wednesday, which is likely to boost trade with China while helping Seoul prepare for the yuan's emergence as a...

Pakistan net foreign investment rises 2.5 per cent

2014-06-19 00:00:00

KARACHI, June 18 (Reuters): Pakistan received $1.362 billion in foreign direct investment in the 11 Month of the current 2013/14 fiscal year compared with $1.328 billion received during the same period a year earlier. Foreign direct investment rose by 2.5...

News Briefs

2014-06-19 00:00:00

India's Reliance announces $30b investment drive MUMBAI, June 18 : India's largest private company, Reliance Industries, said Wednesday it will invest $30 billion over three years to finish projects across its sprawling businesses. Chairman Mukesh Ambani, India's richest man, also...

Photo: Advisor for Economic Affairs to the Prime Minister of Bangladesh Dr. Mashiur Rahman seen at the inaugural ceremony of Tsuneishi Alliance Solutions Limited (TAS),

2014-06-19 00:00:00

Photo: Professor Abdullah Abu Sayeed cutting a cake at a reception to celebrate the Portugal National Day

2014-06-19 00:00:00

Photo: Chairman of the board of directors of Bangladesh Commerce Bank Limited (BCBL)

2014-06-19 00:00:00

Spread ICT among young generation: Ranga

2014-06-19 00:00:00

RANGPUR, June 18 (BSS):  State minister for local government, rural development and cooperatives Mashiur Rahman Ranga MP Tuesday stressed for spreading information and communication technology (ICT) among the young generations for building a prosperous Sonar Bangla. Digitisation has already become...

Stop harassing working-class people at immigration: JS body

2014-06-19 00:00:00

The parliamentary committee on the home ministry Wednesday urged the government to take steps so that no working-class people and other foreign-bound passengers are subjected to any harassment during immigration at the airports. The standing committee made the recommendation in...

China to start direct yuan trade with British pound

2014-06-19 00:00:00

SHANGHAI, June 18 (AFP) :  China will start direct trade between its yuan currency and Britain's pound on Thursday, the country's foreign exchange trade platform said, in another step on its push to internationalise the unit. Sterling and the Chinese...

Dollar firm ahead of Fed policy decision

2014-06-19 00:00:00

TOKYO, June 18 (AFP) : The dollar held steady in Asia on Wednesday as investors await the end of a two-day US Federal Reserve policy meeting later in the day. In Tokyo midday trading, the greenback fetched 102.15 yen, against...

Thailand holds interest rate after army takeover

2014-06-19 00:00:00

BANGKOK, June 18 (AFP) :  Thailand's central bank held its key interest rate Wednesday, in its first monetary policy decision since the army toppled a civilian government whose spending plans were hamstrung by months of political turmoil. The Bank of...

BD business assoc formed in China

2014-06-19 00:00:00

Members of Bangladeshi-origin businessmen in China have formed a 21-member 'Bangladesh Business Association in China', reports BSS. The association has been formed in a general meeting of the Bangladeshi business community at Guangzhou. Tarun Kanti Das has been elected president...

News in Brief

2014-06-19 00:00:00

GE to submit improved Alstom offer on Thursday PARIS,  June 18: General Electric will submit an improved offer for the energy businesses of French engineering group Alstom  on Thursday, a source close to the US conglomerate said, as GE seeks...

Photo: A balance sheet signing ceremony of Bangladesh Krishi Bank

2014-06-19 00:00:00

Photo: Yasmin Aladad Khan, senior vice president, South East Asia & South Asia, DHL Express,

2014-06-19 00:00:00

5-day int\\\'l trade fair starts in city

2014-06-19 00:00:00

FE Report Sharmin has gathered volumes to speak how to go around branding one's homespun products to outer world. Proprietor of Dhrupodi Fashions, a boutique house based in the capital for women, she participated in the 8th Asian International Trade...

IMF advises broad reforms to Myanmar

2014-06-19 00:00:00

WASHINGTON, June 18 (AFP): The International Monetary Fund (IMF) said Myanmar's economy is expected to build on already rapid growth but that momentum was at risk unless broad reforms are undertaken. An IMF team met with authorities during a June...

Free trade account for Shanghai FTZ launched

2014-06-19 00:00:00

SHANGHAI, June 18 (Xinhua): The free trade account for Shanghai's free trade zone (FTZ) was officially launched by China's central bank on Wednesday, as part of efforts to test bolder financial reforms in a risk-controlled environment. The Shanghai Head Office...

BoE holds interest rates record-low

2014-06-19 00:00:00

LONDON, June 18 (AFP): The Bank of England (BoE) was unanimous in its decision to maintain its record-low interest rates earlier this month, minutes showed on Wednesday. The central bank's Monetary Policy Committee (MPC) voted 9-0 to keep its key...

Spanish bad loan ratio rises to 13.44pc in Apr

2014-06-19 00:00:00

MADRID, June 18 (Xinhua): Spanish banks' bad debts stood at 13.44 per cent in April, rising slightly from the 13.39 per cent recorded for March, the Bank of Spain reported on Wednesday. According to the bank, bad loans within the...