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2014-07-04 00:00:00

BHBFC earns Tk 1.95b Bangladesh House Building Finance Corporation (BHBFC) provisionally posted a net profit of about Tk. 1.95 billion in the fiscal year 2013-2014. It was Tk 1.88 billion in the fiscal year 2012-2013. During the fiscal year, BHBFC...

Global food prices fall

2014-07-04 00:00:00

ROME, Jul 3 (Reuters): The outlook for world supplies of cereals and vegetable oils improved in June, contributing to the third straight monthly drop in global food prices, the United Nations' food agency said on Thursday. The Food and Agriculture...

Photo: Modhumoti Bank Limited

2014-07-04 00:00:00

Govt\\\'s failure to finalise rules hinders execution of anti-tobacco law

FHM Humayan Kabir | 2014-07-04 00:00:00

The government has failed to finalise the Rules even after amending the tobacco control law more than a year back in April, 2013 thus hindering the implementation of the anti-tobacco law, officials said Thursday. Health ministry officials said they had...

US trade deficit narrows as exports hit record high

2014-07-04 00:00:00

WASHINGTON, July 3 (Reuters): The US trade deficit narrowed a bit more than expected in May as exports jumped to a record high, suggesting trade could be less of a drag on second quarter growth than earlier feared. The Commerce...

UK service sector grows in June, economy \\\'firing on all cylinders\\\'

2014-07-04 00:00:00

LONDON, July 3 (Reuters): Britain's services industry expanded steadily in June, a business survey showed on Thursday, suggesting the economy grew robustly throughout the first half of 2014 and possibly pointing to an interest rate hike within the year. The...

Euro zone economy still at risk, interest rates to stay low: Draghi

2014-07-04 00:00:00

FRANKFURT, July 3 (Reuters): European Central Bank President Mario Draghi said on Thursday that risks facing the euro zone economy meant interest rates will stay low for an extended period. "The risks surrounding the economic outlook for the euro area...

AirAsia says India venture to break-even in December, later than expected

2014-07-04 00:00:00

BANGALORE, July 3 (Reuters): Malaysian-based budget carrier AirAsia Bhd said on Thursday it expects its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the...

Irish economic output surges 2.7pc in Q1

2014-07-04 00:00:00

DUBLIN, July 3 (AFP): Ireland's economy expanded by a strong 2.7 per cent in the first quarter of 2014 in yet another sign that the eurozone nation is returning to health, official data showed Thursday. "Preliminary estimates for the first...

Indonesians are less optimistic on economy in June

2014-07-04 00:00:00

JAKARTA, July 3 (Reuters): Indonesia's consumers were slightly less optimistic in June about the country's economy than during the previous month, a Bank Indonesia survey showed on Thursday. The survey's consumer confidence index was 116.3 compared with the May reading...

News in Brief

2014-07-04 00:00:00

Hyundai, GM contractor in S Korea in technology leak probe SEOUL, July 3: A South Korean contractor was raided by investigators looking into whether it leaked Hyundai Motor and General Motors engine design technology to overseas firms, a senior prosecutor...

European stocks end week mixed

2014-07-04 00:00:00

LONDON: Europe’s main stock markets closed mixed on Friday, with London’s FTSE 100 index of top companies ending largely flat at 6,866.05 points. Frankfurt’s DAX 30 closed down 0.20 per cent to 10,009.08 points, while the CAC 40 in Paris...

Photo: LISBON, Portugal: Portuguese Prime Minister Pedro Passos Coelho

2014-07-04 00:00:00

Modi govt may sell 5pc stake in SAIL

2014-07-04 00:00:00

MUMBAI, July 3 (Reuters): India's new government is likely to sell a 5 per cent stake in state-run Steel Authority of India Ltd (SAIL) in the last week of this month, people directly involved in the process said, kicking off...

S African strike may take toll on investors

2014-07-04 00:00:00

JOHANNESBURG, July 3 (AFP): South Africa's latest mass strike could dismay investors and prolong the country's sub-par economic growth, the credit ratings agency Moody's warned Thursday. Moody's said the strike by more than 200,000 engineering and metal workers would damage...

Top economies contract in Q1: OECD

2014-07-04 00:00:00

PARIS, July 3 (AFP): Leading global economies contracted in the first three months of 2014 as companies traded less and ordered fewer goods, and despite a slight rise in private consumption, the OECD said Thursday. Data showed that economic activity...

Vietnam bank to aid Myanmar bank

2014-07-04 00:00:00

YANGON, July 3 (Xinhua): The Bank for Investment and Development of Vietnam (BIDV) will provide technical support and loan provision to Myanmar's Small and Medium Industrial Development Bank Limited (SMIDB), according to bank circle Thursday. The recent agreement between SMIDB...

ADB downgrades GDP growth forecast for Pacific region

2014-07-04 00:00:00

MANILA, July 3 (Xinhua): The Asian Development Bank (ADB) on Thursday downgraded its 2014 gross domestic product (GDP) growth forecast for the Pacific region to 5.2 per cent due to the impact of flooding in Solomon Islands and weak private...

Trade benefits Chinese, S Korean consumers

2014-07-04 00:00:00

SEOUL, July 3 (Xinhua): Consumers in South Korea and China are benefiting from the ever expanding trade between the two neighbours. South Korean products have long been recognised as fashion leaders and known for high technology, such as clothes, cosmetic...

Swedish cuts rate to 0.25 per cent

2014-07-04 00:00:00

STOCKHOLM, July 3 (AFP): The Swedish National Bank cut its reference lending rate by half a percentage point to 0.25 per cent on Thursday to counteract inflation that remains weak despite an improving economy. "Inflation is lower than expected and...

ECB to keep rates on hold

2014-07-04 00:00:00

FRANKFURT, July 3 (AFP): The European Central Bank is unlikely to make new policy moves at its monthly meeting on Thursday, focusing instead on assessing the impact of last month's unprecedented package of measures. After cutting rates last month and...

exchange rate

2014-07-04 00:00:00

Photo: FRANKFURT AM MAIN, Hessen, Germany: Barbed wire is seen in front of the new tower of the European Central Bank

2014-07-04 00:00:00

Photo: WASHINGTON: IMF Managing Director Christine Lagarde speaking

2014-07-04 00:00:00

New Indian export price hike shakes BD onion market

Yasir Wardad | 2014-07-04 00:00:00

Prices of onion marked a significant rise just in a day in the city's kitchen markets amid the month of Ramadan following disclosure of news of Indian export price hike of the produce, sources concerned said. However, they observed that...

Gold slips ahead of US jobs data, ECB meet

2014-07-04 00:00:00

LONDON, July 3 (Reuters): Gold slipped on Thursday as the dollar and equity markets strengthened, while investors awaited a European Central Bank meeting and US jobs data to gauge the strength of the global economy and the fate of stimulus...

Tk 57.5m allocated for increasing agri input cards, Matia tells JS

2014-07-04 00:00:00

Agriculture Minister Begum Matia Chowdhury Thursday said the government has allocated Tk 57.5 million to increase agricultural input assistance cards for farmers to 23 million across the country, reports BSS. "The distribution of agricultural input assistance cards to farmers is...

Oil extends losses as Libyan supplies to return

2014-07-04 00:00:00

LONDON, July 3 (AFP): Oil extended losses on Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed. Brent North Sea crude for delivery...

India\\\'s Sesa sees 6-fold jump in iron ore output, Goa mining set to resume

2014-07-04 00:00:00

NEW DELHI, July 3 (Reuters): India's Sesa Sterlite Ltd expects its iron ore output to surge six fold this fiscal year as it resumes production in Goa in September after a 19-month mining ban in the state, an executive of...

Photo: JALANDHAR, INDIA: Indian child labourers sort onions

2014-07-04 00:00:00