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Sonali files another case against Hall-Mark Chairman, MD

FE Report | 2014-05-28 00:00:00

The embattled state lender Sonali Bank Limited (SBL) on Tuesday filed another case against the top bosses of Hall-Mark Group in an attempt to recover about Tk 4.50 billion allegedly stolen by one of the affiliates of the company. Hall-Mark...

Biggest banks to pay up to 15 million euros for ECB supervision

2014-05-28 00:00:00

FRANKFURT, May 27 (AFP): The eurozone's biggest banks will face an annual bill of up to 15 million euros ($20 million) apiece for being supervised by the European Central Bank, the ECB said on Tuesday. The ECB said in a...

\\\'Little risk\\\' in Thailand business despite coup

2014-05-28 00:00:00

TOKYO, May 27 (AFP): There is little risk to investing in Thailand despite last week's military coup, the head of Japan's carmaking sector said Tuesday, as vehicle production returns to normal in the politically divided kingdom. Japanese automakers with major...

News Briefs

2014-05-28 00:00:00

RBI's goal is to balance growth, inflation : Rajan NEW DELHI: May 27: Reserve Bank of India (RBI) governor Raghuram Rajan said on Tuesday fighting inflation would continue to be a top priority, although the central bank will also aim...

Photo: Radiant Pharmaceuticals Limited

2014-05-28 00:00:00

Photo: Minister of Foreign Trade and Development Cooperation of the Netherlands

2014-05-28 00:00:00

Misunderstanding between owners, workers hampers TU formation: Chunnu

FE Report | 2014-05-28 00:00:00

State Minister for Labour and Employment Mujibul Haque Chunnu said Tuesday that misunderstanding between owners and workers hampers formation of trade unions. "The factory owners think that they would face problems due to the formation of trade unions in their...

Philippine economy to beat regional peers in Q1

2014-05-28 00:00:00

MANILA, May 27 (Reuters): The Philippine economy probably grew the most among its regional peers in the first three months of the year, driven by private consumption and post-typhoon rebuilding that could continue to bolster expansion ahead. Hefty spending on...

S Korean economy to grow \\\'3.7pc this year\\\'

2014-05-28 00:00:00

SEOUL, May 27 (Reuters): South Korea's top government think tank maintained its forecast for this year's economic growth at a lower level than the central bank's projection - while cutting this year's inflation forecast. The Korea Development Institute (KDI) on...

Asia\\\'s largest wine expo opens in HK

2014-05-28 00:00:00

HONG KONG, May 27 (AFP): Asia's biggest wine and spirits fair opened in Hong Kong on Tuesday, drawing the world's top producers from France to Chile despite China reporting the first decline in wine consumption for a decade. According to...

Vietnam to see rise in int\\\'l tourists

2014-05-28 00:00:00

HANOI, May 27 (Xinhua): Vietnam is expected to receive some 3. 748 million international tourists in the first five months of 2014, up 26.07 per cent, while sees a downturn in May year-on-year, said Vietnam National Administration of Tourism (VNAT)...

exchange rate

2014-05-28 00:00:00

Photo: Agreement between BEPZA and JETRO in Japan Tuesday.

2014-05-28 00:00:00

Photo: RAWALPINDI, Pakistan: A Pakistani labourer pulling his cart

2014-05-28 00:00:00

Photo: Commerce Minister Tofael Ahmed speaking

2014-05-28 00:00:00

NGO alliance for increased allocation in budget

FE Report | 2014-05-28 00:00:00

The alliance of coastal NGOs has strongly demanded of the government to increase budgetary allocation for the disaster-driven people and construction of embankments and mobilising emergency resources to save the inhabitants from the imminent catastrophe. The rights-based organisation made the...

22 local IT experts get int’l recognition

2014-05-28 00:00:00

Twenty-two Bangladeshi IT talents have received international recognition as they passed the 2nd IT Engineers Examination (ITEE), an international standardised examination for the IT professionals, presently recognised in 12 Asian countries, reports BSS. "Among nearly 500 candidates, 22 local IT...

BD a profit-making destination, says PM in Tokyo

2014-05-28 00:00:00

TOKYO, May 27 (UNB): Prime Minister Sheikh Hasina on Tuesday invited the business leaders of Japan to come up with more investment in Bangladesh to avail themselves of its sound macroeconomic approach, pragmatic policies, liberal investment policies and friendly investment...

RBH employees seek job security

FE Report | 2014-05-28 00:00:00

Employees of Ruposhi Bangla Hotel (RBH) demanded Tuesday job security during renovation of the hotel. Speaking at a seminar they demanded that all job facilities to employees should continue during the renovation work that begins in September next. The RBH...

Britain tops foreign investment ranking, France lags behind

2014-05-28 00:00:00

PARIS, May 27 (Reuters): Britain and Germany topped an annual ranking of foreign investment projects in Europe while France lagged behind though its numbers were on rise, a study showed on Tuesday. Retaining its top position, Britain saw the number...

News in brief

2014-05-28 00:00:00

 Indian rupee down 28 paise against dollar in early trade MUMBAI, May 27 :  The rupee Tuesday lost 28 paise to 58.99 against the dollar in early trade, extending weakness for the third day, on the Interbank Foreign Exchange market...

3-day int\\\'l tourism fair begins Friday

2014-05-28 00:00:00

The three-day international 'Bangladesh Tourism and Travel Fair (BTTF-2014)' begins in the city on Friday (May 30) to promote the country's tourism sector, reports agencies. Tour Operators' Association of Bangladesh (TOAB) will arrange the fair for the fifth consecutive time...

Sony to sell PlayStation in newly opened China market

2014-05-28 00:00:00

SHANGHAI, May 27 (AFP) : Sony will bring its PlayStation consoles to China through two joint ventures, the Japanese gaming giant and its Chinese partner both said Monday, as they seek to tap a newly opened market. China in January...

Photo: Lotto Bangladesh organised a prize giving ceremony

2014-05-28 00:00:00

Photo: The launching ceremony of the 3rd oil tanker MT Azbal was held at Khulna Shipyard

2014-05-28 00:00:00

Detailed DSE Trading

2014-05-28 00:00:00

Gold declines to two-week low

2014-05-28 00:00:00

LONDON, May 27 (Bloomberg): Gold fell to a two-week low in New York as investors assessed whether the election of Ukraine's president will ease tension with Russia, reducing the metal's appeal as a haven. Ukraine's President-elect Petro Poroshenko vowed to...

Indian soyoil, rapeseed futures end higher, soybean falls

2014-05-28 00:00:00

NEW DELHI, May 27 (Reuters): Indian soyoil and rapeseed futures rose on Tuesday, bucking weak trends in the overseas market where prices fell for a third straight session. But soybean futures fell due to weak demand. Malaysian palm oil futures...

Corn drops to 12-week low

2014-05-28 00:00:00

LONDON, May 27 (Bloomberg): Corn dropped to the lowest level since March on speculation US farmers accelerated planting last week while rain in the next few days improves prospects for developing crops. Wheat declined to an 11-week low. About 73...

Platinum strike batters S Africa

2014-05-28 00:00:00

JOHANNESBURG, May 27 (Bloomberg): The three biggest platinum producers held more talks with a South African labour court judge mediating in a dispute with the main union as the effect of a four-month strike dragged the economy to its first...