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Turnover on DSE dips to nine-month low

FE Report | 2014-07-10 00:00:00

Turnover on Dhaka Stock Exchange (DSE) dipped to a nine-month low Wednesday as investors were reluctant to take fresh exposure in the market amid shaky sentiment. Turnover, the most important indicator of the market came down to Tk 1.57 billion,...

ICSB Council meets Commerce Minister

2014-07-10 00:00:00

The Council Members of the Institute of Chartered Secretaries of Bangladesh (ICSB) led by its President, Mohammad Asad Ullah FCS called on Commerce Minister Tofail Ahmed, MP Wednesday. The ICSB president introduced the Council Members to the Minister and apprised...

ICMAB pleads for representation in proposed FRC

FE Report | 2014-07-10 00:00:00

Institute of Cost and Management Accountants of Bangladesh (ICMAB) requested the government Wednesday not to exclude its representation from the proposed Financial Reporting Council (FRC) saying that a 'vested quarter' was working to do so on an 'unholy' purpose. ICMAB...

News Briefs

2014-07-10 00:00:00

NCC Bank chairman's tenure extended The tenure of the Chairman of NCC Bank Ltd Md. Nurun Newaz Salim has been extended further. The Board of Directors of NCC Bank took the decision in a recent meeting. Mr. Salim is the...

President hosts Iftar party

2014-07-10 00:00:00

President Abdul Hamid on Thursday hosted an Iftar party at Bangabhaban in the honour of the Prime Minister, the Speaker, the Chief Justice, Cabinet members, MPs, foreign diplomats, eminent citizens and high military and civil officials. On her arrival at...

Photo: The Board of Directors of Pubali Bank Ltd. donated Tk. 3.0 million to Sylhet Zilla Police

2014-07-10 00:00:00

Listed cos should issue bonus dividends only for BMRE, says Planning Minister

FE Report | 2014-07-10 00:00:00

The Planning Minister AHM Mustafa Kamal has said the listed companies should issue bonus dividends only for their expansion purpose, officials said. The minister said this Wednesday at a meeting held with the board of directors of Dhaka Stock Exchange...

Nifty at near two-week closing low

2014-07-10 00:00:00

MUMBAI, July 9 (Reuters): The Nifty closed at its lowest level in nearly two weeks on Wednesday, continuing to retreat from the record high hit in the previous session, as investors pared positions in blue-chips such as Tata Motors ahead...

Chinese inflation data hits world stocks

2014-07-10 00:00:00

LONDON, July 9 (Reuters): World stocks fell on Wednesday as cooling Chinese inflation overnight added to weak European industrial data earlier in the week, pointing to slowing global growth and eclipsing a positive start to the US earnings season. Miner...

Marico Kaya up 5pc for fifth day

2014-07-10 00:00:00

MUMBAI, July 9 (Business Standard): Marico Kaya Enterprises (MaKE) is locked in upper circuit for fifth day in a row, up 5 per cent at Rs 288 on the Bombay Stock Exchange (BSE). The stock opened at Rs 283 and...

European stock markets fall before US Fed clues

2014-07-10 00:00:00

LONDON, July 9 (AFP): European stock market fell further on Wednesday after two days of losses and awaiting minutes of the Federal Reserve's last policy meeting for clues on the outlook for US interest rates. London's benchmark FTSE 100 index...

Correction

2014-07-10 00:00:00

The designation of Mr Abu Rashed should be read as Public-Private Partnership (PPP) Expert for PPP Office of Prime Minister's Office. It was not properly mentioned in a report titled 'Dev-oriented career to ensure growth momentum', published on page 16...

IPO Diary

2014-07-10 00:00:00

Photo:Islami Bank Bangladesh Limited

2014-07-10 00:00:00

Tofail urges admin to ready garment palli in 3 years

FE Report | 2014-07-10 00:00:00

Commerce Minister Tofail Ahmed Wednesday urged the administration to help complete construction work of planned garment palli (village) at Bausia in Munshiganj district within the next three years. "I call upon you (district administration) to complete the construction work of...

Neoguri lashes Japan\\\'s Okinawa islands

2014-07-09 00:00:00

TOKYO, July 8 (agencies): Powerful typhoon Neoguri lashed Japan's southern Okinawa islands Tuesday, forcing over half a million people to seek shelter, as the region's worst storm in years damaged buildings, downed trees and brought air and sea traffic to...

Israel, Hamas slide towards major Gaza conflict

2014-07-09 00:00:00

GAZA CITY, July 8 (agencies): Five Palestinians were killed Tuesday as Israeli warplanes pounded Gaza at the start of a new campaign to stamp out rocket fire by Hamas militants on southern Israel. It was the most serious flare-up in...

Iraqi politicians tired as formation of govt delayed

2014-07-09 00:00:00

BAGHDAD, July 8 (AFP): Iraq's politicians agreed to meet next Sunday after delays to the formation of a new government outraged Iraqis tired of political polarisation and fearful of a brutal Sunni militant offensive. It was unclear what prompted the...

news digest

2014-07-09 00:00:00

Pakistan airstrikes kill 13 militants in tribal area ISLAMABAD, July 8: Pakistani jets bombed insurgent hideouts in a restive tribal area bordering Afghanistan and killed at least 13 militants on Tuesday, the military said.The strikes were carried out at Degan...

Photo: NORWAY : Norwegian prime minister Erna Solberg greets US attorney general

2014-07-09 00:00:00

Photo: PORTUGAL : Kate McCann (L) and her husband Gerry McCann (R),

2014-07-09 00:00:00

Gold steadies as dollar rally fades; palladium hits 13-yr high

2014-07-09 00:00:00

LONDON, July 8 (Reuters) : Gold steadied on Tuesday as the dollar's recent rally started to fade and investors awaited clearer signs from the US Federal Reserve that it is firmly on track to raise interest rates next year, while...

Samsung Electronics flags 25pc plunge in Q2 profit

2014-07-09 00:00:00

SEOUL, July  8 (AFP) : Samsung estimated Tuesday that its operating profit would plunge nearly 25 per cent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the...

GM Korea CEO warns of output cut as strike vote looms

2014-07-09 00:00:00

SEOUL, July 8 (Reuters): General Motors' (GM.N) South Korea chief warned employees that a potential strike could lead to further production cuts in one of its major Asian manufacturing bases, according to an email sent to staff and obtained by...

Soybeans fall for 7th day as US crop thrives, corn up

2014-07-09 00:00:00

SINGAPORE, July 8 (Reuters): Chicago soy fell for a seventh session on Tuesday to trade near its lowest in five months as near-perfect crop weather across the US Midwest buoyed hopes of record production. Corn edged up after sliding to...

Chicago agricultural commodities drop across board

2014-07-09 00:00:00

CHICAGO, July 8 (Xinhua) : Chicago agricultural commodities dropped across the board Monday, led by wheat. The most active corn contract for December delivery dropped 9 cents, or 2.17 per cent, to close at 4.0625 dollars per bushel.  September wheat...

India pays $550m oil dues to Iran

2014-07-09 00:00:00

NEW DELHI, July 8 (Reuters) :  India paid a second installment of $550 million in oil dues to Iran on Tuesday under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said....

Oil prices mixed in Asian trade

2014-07-09 00:00:00

SINGAPORE, July 8 (AFP) : Oil prices were mixed in Asia today as dealers await the resumption of disrupted Libyan crude exports, while fears recede about fighting in major producer Iraq, analysts said. US benchmark West Texas Intermediate for August...

Global Commodity Prices

2014-07-09 00:00:00

Lofty goals of SAARC: Myths and realities

Farhana Syead | 2014-07-09 00:00:00

India's new Prime Minister Narendra Modi's historic initiative to invite leaders of the SAARC (South Asian Association for Regional Cooperation) countries to his swearing-in ceremony, his plan to build a multi-storeyed headquarters for SAARC in New Delhi and proposal to...