StanChart to close Swiss private bank ZURICH, May 26: Standard Chartered is set to close its Swiss private bank in Geneva, broadcaster Radio Television Suisse (RTS) reported on Monday. The Asia-focused bank said in February it was looking to sell...
Rezaul Karim | 2014-05-27 00:00:00
Bangladesh's export of fresh fruits and vegetable to the European Union (EU) countries is set to hit snags if the authorities do not stop export of betel leaves infected with harmful Salmonella Bacterium, officials said. Trade relations with the EU...
NEW DELHI, May 26 (Reuters): India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica, the defence ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks....
SEOUL, May 26 (Reuters): South Korea and Malaysia have agreed to utilise their currency swap agreement worth around $4.7 billion to boost the use of the won and ringgit , the Bank of Korea and the finance ministry said in...
BANGKOK, May 26 (Reuters): Thailand's new military government will roll over corporate, income and valued-added tax rate cuts, which would otherwise expire this year, and has no plans to impose any capital controls, a senior finance ministry official said on...
WELLINGTON, May 26 (Xinhua): China's demand for dairy products and timber drove a 14-per cent year-on-year rise in New Zealand's total goods exports last month, the government statistics agency said Monday. Goods exports rose to 4.5 billion NZ dollars (US$3.84...
MANILA, May 26 (Xinhua): The Philippines liquidity growth experienced a slowdown from 36.1 per cent in February to 34.8 per cent in March, a central bank official said here Monday. The downward trend is expected to continue throughout the year...
HANOI, May 26 (Xinhua): Vietnam's Consumer Price Index (CPI), the country's main gauge of inflation, is expected to go up slightly in May with an increase of 0.2 per cent over the previous month and 4.72 per cent year-on-year, said...
TOKYO, May 26 (Reuters): Bank of Japan Deputy Governor Kikuo Iwata said on Monday the central bank was ready to adjust monetary policy if the economy overheats and accelerates inflation well above the bank's 2 per cent target for a...
COLOMBO, May 26 (Reuters): Sri Lanka's trade deficit in March narrowed by 15.5 per cent to $602.2 million from $712.8 million a year earlier, central bank data showed on Monday. March exports edged jumped 28.6 per cent from a year...
Yasir Wardad | 2014-05-27 00:00:00
Chicken meat prices shot up by up to 20 per cent in the city amid decline in production at growers' end due to higher temperature, traders said. Maintaining a static price range for the last three months, chicken meat including...
SINGAPORE, May 26 (Bloomberg): Gold held below $1,300 an ounce as investors weighed the outlook for U.S. monetary stimulus against unrest in Ukraine. Assets in exchange-traded funds backed by platinum and palladium climbed to records. Bullion for immediate delivery traded...
SYDNEY, May 26 (AFP): The first shipment of liquefied natural gas from a landmark US$19 billion project in Papua New Guinea has left for Japan, US oil giant ExxonMobil said Monday. The project is the largest development ever undertaken in...
SINGAPORE, May 26 (AFP): Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Libya as well as an upbeat demand outlook in the United States, analysts said. The US benchmark, West...
KUALA LUMPUR, May 26 (Reuters) - Malaysian palm oil futures slid to their lowest in four-and-a-half months on Monday as the ringgit continued to advance and amid worries that festival-driven demand will fizzle out faster than expected. The benchmark August...
MUMBAI, May 26 (Reuters): Farmers in India are likely to boost the amount of land devoted to growing soybeans by up to 4 per cent in the crop year that begins in July, as they look to profit from a...
TOKYO, May 26 (Agencies): Prime Minister Sheikh Hasina, now in Japan on a four-day official visit, on Monday sought more Japanese investment in her country's various sectors. She invited the members of the Japan-Bangladesh Parliamentary Friendship League to visit Bangladesh....
Shah Alam Nur | 2014-05-27 00:00:00
The government has decided to withdraw the mandatory requirement of installing solar panels on the rooftop of buildings for getting new electricity connections to households, officials said. According to the new rule, a customer will have to deposit the cost...
FE Report | 2014-05-27 00:00:00
The manpower exporting and receiving countries at a global forum have agreed to take a strong initiative to reduce migration cost with a view to ensuring regular migration. Expatriates' Welfare and Overseas Employment Minister Khandker Mosharraf Hossain conveyed the outcome...
Prof Nawaz Sharif, a world renowned personality in the study of technological innovation in industries, has observed that Bangladesh can cultivate technological innovation for bridging prosperity gap with rich countries in the era of globalisation, reports UNB. "The big issue...
Nobel laureate Prof Muhammad Yunus has emphasised the need for the power of microcredit and social business in tackling social problems in the context of the existing capitalist system that excludes the poorest, said a Yunus Centre release here on...
SINTRA, Portugal, May 26 (Reuters) : Christine Lagarde, managing director of the International Monetary Fund, called on Sunday for closer cooperation among the world's central banks to cope with the challenges of increasingly interlinked and complex financial systems. Speaking at...
TOKYO, May 26 (AFP) : The euro extended its losses against the dollar in Asia on Monday after hitting a three-month low last week in response to a soft reading in a German business confidence index. In afternoon Tokyo trading,...
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