BANGALORE, June 4 (Reuters): Activity in India's huge services industry expanded for the first time in nearly a year in May, driven by a surge in new business, a survey showed on Wednesday. The HSBC Services Purchasing Managers' Index, compiled...
BRUSSELS, June 4 (Xinhua): The eurozone's gross domestic product (GDP) rose 0.2 per cent in the first quarter of 2014, according to seasonally adjusted data released by Eurostat on Wednesday. Meanwhile, the economy in the 28-nation European Union (EU) expanded...
LONDON, June 4 (AFP): The Bank of England (BoE) is likely to keep its main interest rate at a record-low level on Thursday, but is slowly moving towards raising borrowing costs after a years-long pause. The institution's Monetary Policy Committee...
YANGON, June 4 (Xinhua): An unidentified US company is planning to lease land for setting up business in Myanmar's first biggest Thilawa Special Economic Zone (SEZ) project being implemented on the outskirts of Yangon, state media reported Wednesday. Formal signing...
SINGAPORE, June 4 (Xinhua): Singapore's Purchasing Managers' Index (PMI) dropped to 50.8 in May from 51.1 of the previous months, reflecting that the manufacturing sector expanded at a slower pace in May, according to statistics released on Tuesday. The slowdown...
Prime Minister (PM) Sheikh Hasina said Wednesday young generation enlightened with computer and technological education and knowledge would take forward Bangladesh towards prosperity, reports BSS. She said this while inaugurating the four-day Digital World-2014, a mega exposition of IT (information...
Sonia H Moni | 2014-06-05 00:00:00
Local apparel accessories and packaging makers might not achieve the target set for the fiscal year, hurt by last year's political unrest and global economic recession, industry leaders said. "We exported $3.90 billion in ten months to April, but it...
Foreign Minister Abul Hassan Mahmood Ali said Wednesday Bangladesh had chosen nuclear power generation to maintain the pace of economic development for attaining the middle-income country status by 2021, reports BSS. "Bangladesh's pursuit of nuclear energy generation would be solidly...
LONDON, June 4 (AFP) : Supermarket group Tesco, Britain's biggest retailer, on Wednesday posted sliding first-quarter sales, hit by intense competition from foreign-owned outlets and restructuring costs. Tesco continues to faces fierce competition from British supermarket rivals such as Sainsbury's,...
TAIPEI, June 4 (AFP) : Microsoft unveiled two new Windows devices-a tablet-laptop hybrid and a seven-inch tablet-at Asia's largest tech show in Taiwan Wednesday. Tapping in to the "2-in-1" trend for laptops with detachable keyboards, which is a dominant theme...
Gazprom, Naftogaz to continue talks to try to settle gas dispute MOSCOW, June 4 : Russian gas company Gazprom and Ukraine's state-owned Naftogaz will continue talks in Berlin on Wednesday to try to settle a gas dispute, Russian news agencies...
Railway Minister M Mazibul Hoque told the House Wednesday that the work on preparing detailed design and tender documents for construction of Khulna-Mongla broad gauge railway line is underway, reports BSS. "The Executive Committee of the National Economic Council (ECNEC)...
LONDON, June 4 (Xinhua): A total of US$48 trillion are needed in global energy investment by 2035, of which $40 trillion is in energy supply and the remainder in energy efficiency, said the International Energy Agency (IEA) Tuesday in London....
Mohammad Ali | 2014-06-05 00:00:00
The country's non-banking financial institutions (NBFIs) should move away from their deposit reliance to the bond option for the sake of healthy development in the financial sector, an international financial consultant said. "To my mind, the bond market can be...
FE Report | 2014-06-05 00:00:00
Grameenphone and Bangladesh Association of Software and Information Services (BASIS) have agreed on a partnership to promote internet for all in Bangladesh. The agreement, in the form of a Memorandum of Understanding (MoU), was signed during a ceremony Wednesday as...
FE Report | 2014-06-05 00:00:00
Dhaka Stock Exchange (DSE) Wednesday made a proposal of holding meeting with the securities regulator once a month to discuss the market situation and relevant issues, the officials said. The premier bourse made the proposal at a meeting held with...
Withdrawal of authorised representatives Saad Securities: Saad Securities Ltd. (DSE TREC No. 118) has withdrawn fourteen of its Authorized Representatives, namely, i) Mr. Md. Manzurul Islam, ii) Mr. Mohammad Ali, iii) Mr. Maruf Hussain Chowdhury, iv) Mr. Golam Mustafez Ramiz,...
FE Report | 2014-06-05 00:00:00
Stocks fell further Wednesday with slight improvement in turnover as the investors continued to book short-term profit ahead of budget announcement. The market started with upward trend, but the morning hype evaporated gradually as the session progressed. Eventually, DSEX, the...
MUMBAI, June 4 (Reuters): The BSE Sensex fell on Wednesday, retreating from its record closing highs in the previous session as exporters including IT companies such as Tata Consultancy Services dropped amid concerns about the impact of a stronger rupee....
TOKYO, June 4 (AFP): Dai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home. The company, Japan's...
NEW YORK, June 4 (Reuters): US stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise...
The Board of Agrani Insurance Company Ltd. in its 88th meeting recently unanimously re-elected Rezaul Huq Khan as the Chairman of the Board and elected Md. Shahbaz Hossain Khan as the Vice Chairman of the Board. Rezaul Huq Khan, a...
TOKYO, June 4 (Reuters): The Nikkei share average rose to a fresh 2-month high in choppy trade on Wednesday as the weak yen supported sentiment toward Japan's export-driven economy, but gains were limited. Investors largely stayed on the sidelines before...
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