LONDON: European stock markets broadly crept ahead Wednesday but lost some ground in afternoon trading despite strong US jobs data on the eve of a eurozone interest rate decision. Trading was marked also by several initial public offerings in Europe....
At least 10 people, including Sramik Dal president and general secretary, were injured in a clash over the formation of its Dhaka City South unit committee at BNP’s Nayapaltan central office on Wednesday. The Sramik Dal central office housed in...
The Parliamentary Standing Committee on Textiles and Jute Ministry Tuesday suggested the ministry to take all necessary measures to keep Bangladesh Textiles Mills Corporation (BTMC) functioning. The suggestion was made at the 3rd meeting of the committee held at the...
BEIJING, July 1 (AFP) : Chinese manufacturing activity expanded at its fastest pace this year in June, an official survey showed Tuesday, in a sign that Beijing's attempts to tackle slowing growth in the world's number two economy are gaining...
The present government is trying to send back the registered Rohingya refugees, who are still in the country, and stop fresh influx of Myanmar citizens to Bangladesh. Prime Minister Sheikh Hasina stated this in Parliament on Wednesday in reply to...
TOKYO, July 1 (AFP) : Japanese business confidence has sagged since consumers were hit with higher prices after an April sales tax hike, suffering the first deterioration in six quarters, a Bank of Japan report showed Tuesday. The Tankan survey...
NEW YORK, July 1 (Reuters) : Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to...
S Korea exports rise 2.5 per cent in June SEOUL, July 1 : South Korea's exports rose 2.5 per cent in June from a year ago on robust shipments of tech products and steel, official data showed Tuesday. Exports for...
NEW DELHI, July 1 (Reuters): France has proposed to give India a 1 billion euro ($1.4 billion) credit line to fund sustainable infrastructure and urban development projects, Foreign Minister Laurent Fabius said on Tuesday. The credit line would be available...
TOKYO, July 1 (Reuters): AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel...
BEIJING, July 1 (AFP): The number of overseas tourists visiting China's capital fell by 10 per cent last year compared to 2012, state media reported, with air pollution blamed for the decline. The total number of foreign visitors arriving in...
SHANGHAI, July 1 (Reuters): A Chinese bank is suing a local government financing vehicle over a bad loan in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market. The...
FE Report | 2014-07-02 00:00:00
Shaheed Serniabat was reelected chairman and AFM Shah Alam general secretary of Bangladesh Mudran Shilpa Samity (BMSS) for a third time, now for the 2014-2016 term, a news release said. The Executive Committee election of BMSS was held on 20...
DOHA, July 1 (Reuters): Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement...
Shamsul Huda | 2014-07-02 00:00:00
Official software-export performance may miss the target in the fiscal year (FY) 2014, after a steady growth of the trade in the knowledge economy in last four years till FY13, sources said. Currently, the government maintains only the official data...
FE Report | 2014-07-02 00:00:00
The Asian Development Bank will lend Bangladesh $255 million for financing a project undertaken to protect riverbanks of Jamuna, Padma and the Ganges as erosion leaves many people homeless and devours croplands in their vicinities every year. An ADB multitranche...
LONDON/TOKYO, July 1 (Reuters): Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fuelled by improving demand at home, but eurozone growth faltered as main motor Germany slowed. Business surveys published on Tuesday confirmed factory output...
COLOMBO, July 1 (Xinhua): Sri Lanka's inflation dipped to a record low of 2.8 per cent in June as the country maintained single digit inflation for the 65th month in a row, the country's central bank said on Tuesday. Inflation...
BASEL, Switzerland, July 1 (AFP): A watershed free-trade deal between China and Switzerland came into force on Tuesday, the first such accord between the Asian giant and a mainland European economy. Senior Swiss and Chinese officials were scheduled to mark...
JAKARTA, July 1 (Xinhua): Indonesian consumer price index accelerated at slower pace in June on yearly basis, allowing the central bank to keep its benchmark interest rate unchanged at its meeting earlier this month. The national statistic bureau announced Tuesday...
SYDNEY, July 1 (AFP): Australia's central bank kept interest rates on hold at a record low 2.5 per cent Tuesday, as a resilient currency and softening commodity prices hobbled the economy's shift away from mining. The Reserve Bank left the...
ST PETERSBURG, Russia, July 1 (Reuters): Economic growth in Russia is too low and is putting the country in a difficult situation, Central Bank Governor Elvira Nabiullina said on Tuesday. "Even 1.0 per cent is very little," Nabiullina said. "This...
FE Report | 2014-07-02 00:00:00
Bangladesh Bank Governor Dr. Atiur Rahman addressed the Frankfurt School of Finance & Management, Frankfurt faculty Monday on impact of remittance inflows into developing economies. In his presentation, Governor Rahman highlighted significance of wage earners' remittances in socioeconomic development of...
FE Report | 2014-07-02 00:00:00
The securities regulator Tuesday approved the proposals of rights offer of the Midas Financing and the Non-Convertible Subordinate Bond of AB Bank, officials said. The approvals came at a commission meeting chaired by the Bangladesh Securities and Exchange Commission (BSEC)...
FE Report | 2014-07-02 00:00:00
The public subscription of two companies -- Saif Powertec Ltd and Ratanpur Steel Re-rolling Mills Ltd -- will begin this month, officials said The initial public offering (IPO) subscription of Saif Powertec will begin on July 6 and remain open...
MUMBAI, July 1 (Reuters): The BSE Sensex rose for a third consecutive session on Tuesday as auto makers such as Maruti Suzuki India surged after stronger monthly sales, while strong foreign buying also underpinned sentiment. Foreign institutional investors bought shares...
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