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\\\'Super\\\' banana to face first human trial

2014-06-17 00:00:00

SYDNEY, June 16 (AFP): A super-enriched banana genetically engineered to improve the lives of millions of people in Africa will soon have its first human trial, which will test its effect on vitamin A levels, Australian researchers said Monday. The...

News Briefs

2014-06-17 00:00:00

BADC gets new chairman Md. Anwarul Islam Sikder (Additional Secretary) joined Bangladesh Agricultural Development Corporation (BADC) as chairman recently as per notification of the Ministry of Public Administration of the government.  Prior to the joining he served as an administrator...

European stocks end higher ahead of FOMC meeting

2014-06-17 00:00:00

LONDON, June 17: European stock inched higher Tuesday as investors awaited this week's US Federal Reserve policy meeting, while fears that violence in Iraq could disrupt energy supplies still weighed on sentiment. London's FTSE 100 index of top companies rose...

Photo: NRB Bank Limited

2014-06-17 00:00:00

Photo: Nitol Insurance Company Limited

2014-06-17 00:00:00

\\\'Local industries need safeguard against unfair global trade\\\'

2014-06-17 00:00:00

RANGPUR, June 16 (BSS): Speakers at a seminar Monday underlined the need for creating awareness among the local entrepreneurs about anti-dumping, subsidies & countervailing and safeguarding measures to guard local industries against unfair international trade. Rangpur Chamber of Commerce and...

Vietnam aims for stronger growth in 2015, diversified trade

2014-06-17 00:00:00

HANOI, June 16 (Reuters): Vietnam will strive to quicken its economic growth in 2015 to between 6.0-6.2 per cent by improving competitiveness, expanding trade and investment ties while avoiding reliance on any single market, the government said. Prime Minister Nguyen...

Bahrain fights unrest, competition to remain business hub

2014-06-17 00:00:00

MANAMA, June 16 (Reuters): When Bahrain announced plans last December to cut fuel subsidies, it was a rare step towards economic reform in a region where lavish cradle-to-grave welfare systems are the norm. The National Oil and Gas Authority said...

France, Germany call on US to end aid for Boeing

2014-06-17 00:00:00

TOULOUSE, France, June 16 (AFP): The French and German economy ministers on Monday called on Washington to end what European governments consider illegal subsidies for US plane manufacturer Boeing. "The two governments call on the United States to engage in...

PDF organises \\\'Summer Challenge 2014\\\'

2014-06-17 00:00:00

Youth organisation The Physically-Challenged Development Foundation (PDF) has organised an event titled 'PDF Summer Challenge 2014' for third time, said a press statement. The 35-day event was launched recently at Nabab Nowab Ali Senate Building of Dhaka University. The Grand...

India inflation hits five-month high

2014-06-17 00:00:00

NEW DELHI, June 16 (AFP): India's inflation accelerated to a five-month high in May, in a worrying sign for Prime Minister Narendra Modi's new government which has made fighting price rises a priority. The Wholesale Price Index, the most closely...

Russia sees growth slowing to just 0.4pc

2014-06-17 00:00:00

MOSCOW, June 16 (AFP): Russia's central bank said Monday it saw the country's growth rate slowing to just 0.4 per cent this year, while warning it would raise rates further if needed to combat inflation. Moscow forecasts 0.5 per cent...

Eurozone price inflation falls in May

2014-06-17 00:00:00

BRUSSELS, June 16 (Reuters): A further slowdown in eurozone inflation in May was confirmed on Monday, as the cost of telecommunication and food kept prices low, confirming a problem that the European Central Bank (ECB) recently sought to stem. Consumer...

China UnionPay, Australian Auspost join hands

2014-06-17 00:00:00

MELBOURNE, June 16 (Xinhua): China UnionPay and the Australia Post (Auspost) on Monday launched their cooperation for acceptance of bank cards issued by the world's largest card organisation, indicating the expansion of the Chinese financial giant into Australia's largest retail...

Turkey to cut rate further

2014-06-17 00:00:00

ISTANBUL, June 16 (AFP): The governor of Turkey's central bank hinted Monday that another small cut in interest rates is likely at the end of the month, deflecting calls by the government for quicker action. "A measured, moderate and gradual...

exchange rate

2014-06-17 00:00:00

Photo: Chittagong Chamber of Commerce and Industry and leading Chittagong companies pose for photograph

2014-06-17 00:00:00

Detailed DSE Trading

2014-06-17 00:00:00

Merchant bankers seek reduction of corporate tax

Mohammad Mufazzal | 2014-06-17 00:00:00

The merchant bankers have proposed to incorporate three proposals, including reduction of corporate tax in the national budget of the fiscal year (FY) 2014-15, BSEC officials said. The Bangladesh Merchant Bankers Association (BMBA) has placed their proposals to the ministry...

Market remains steady

FE Report | 2014-06-17 00:00:00

Stocks ended in flat with marginal loss Monday after previous session's sharp decline as investors went for late hours selling spree amid apparent lack of clear indications and gloomy market sentiment. Though the market witnessed positive movement in the early...

News Briefs

2014-06-17 00:00:00

Morshed Alam new chairman of Mercantile Bank Mr. Morshed Alam, M.P. has been elected the Chairman of the Board of Directors of Mercantile Bank Limited. Mr. Morshed is the Founder Chairman of Bengal Group of Industries. Bengal Group has 20...

Photo: IIDFC Ltd,

2014-06-17 00:00:00

Photo: Square Textiles Ltd.

2014-06-17 00:00:00

Photo: National Bank Limited

2014-06-17 00:00:00

Sensex marks lowest close in 1-1/2 weeks

2014-06-17 00:00:00

MUMBAI, June 16 (Reuters): The BSE Sensex fell for a second straight session on Monday to its lowest close in 1-1/2 weeks on risk aversion among investors due to tensions in Iraq and Ukraine, with domestic-oriented stocks such as Larsen...

Tokyo stocks down 0.62pc by break

2014-06-17 00:00:00

TOKYO, June 16 (AFP): Tokyo shares slipped 0.62 per cent Monday morning, as the yen strengthened on worries over the escalating crisis in Iraq. The benchmark Nikkei 225 index was down 94.01 points at 15,003.83 by the break, while the...

Square Textiles earns Tk. 587.78m as net profit, approves 20pc cash, 10pc stock div

FE Report | 2014-06-17 00:00:00

Square Textiles Ltd has approved cash dividend at the rate of 20% and Stock Dividend (Bonus Share) at the rate 10% to its shareholders for the year ended December 31, 2013 at its 19th Annual General Meeting held on the...

Wizz Air cancels London IPO

2014-06-17 00:00:00

LONDON, June 16 (AFP): Hungarian budget airline Wizz Air on Monday cancelled its proposed 200-million-euro ($270-million) listing on the London stock market, blaming tough economic conditions for the industry. Wizz Air had unveiled plans last month for the initial public...

Batelco wins $211.1m from Indian partner

2014-06-17 00:00:00

DUBAI, June 16 (Reuters): A British court has ruled in Batelco's favour, ordering the Bahraini telecom operator's former Indian partner to pay it $211.1 million for failing to fulfil a previous agreement, a statement of Manama's bourse said on Monday....

HK shares in flat finish

2014-06-17 00:00:00

HONG KONG, June 16 (Reuters): Hong Kong shares finished a tick lower on Monday, with investors remaining cautious and awaiting direction from a US Federal Reserve meeting which will conclude on Wednesday. Markets are watching for any signals on when...