MUMBAI, May 7 (Business Standard): Markets slipped on Wednesday, tracking weak global cues amid uncertainty ahead of election results on May 16. Investors worldwide remained wary of US Federal Reserve Chair Janet Yellen's congressional testimony later today. Ukraine fears also...
Xpress Money, the world's leading money transfer brand, announced the 1st weekly lucky draw winner of its 'Boishakhi Utshob' promotion in Bangladesh. The promotion was organized in association with Agrani Bank. Mr. Raghk Miah won a Micromax smartphone that was...
HONG KONG, May 7 (AFP): Hong Kong shares ended 1.05 per cent lower on Wednesday following losses on Wall Street and in line with a regional sell-off. The benchmark Hang Seng Index fell 230.07 points to 21,746.26 on turnover of...
Talha Bin Habib | 2014-05-08 00:00:00
Bangladesh will seek duty-free market access of its products to Russia when a high- powered official delegation visits that country in July next, officials said. The commerce minister Tofail Ahmed will lead the Bangladesh delegation, the officials added. Products, mainly...
Despite some hiccups, global economy seems to have built up some steam but a sustained and durable recovery hinge on whether national governments demonstrate their commitment to substantive structural reforms, according to International Chamber of Commerce-Bangladesh (ICCB). In the current...
LONDON, May 7 (AFP): Bank giant HSBC said Wednesday that its net profit slid 18 percent in the first quarter as lower revenues offset cost-cutting, but added that bad debt charges fell. Profit after tax stood at $5.069 billion (3.64...
FE Report | 2014-05-08 00:00:00
The state-controlled Rural Electrification Board (REB) has sought Tk 2.62 billion in financial assistance from the government to help run its operations, officials said. The power division has recently sent a letter to the finance ministry for the support after...
FE Report | 2014-05-08 00:00:00
Leaders of the tourism sector demanded that the National Board of Revenue (NBR) provide some tax and duty benefits in the next budget including duty-free import of tourist vehicles to help the sector flourish. At a 'meet the press' held...
Swiss Tex Group Chief gets business award Sibbir Mahmud, chairman of Swiss Tex Group, has been honoured with the 6th Kagoj-Kalam Business Award-2013 in recognition of his contribution to the business sector. The award was given to him at a...
Exploring new areas of business have been seen vital for the betterment of the Bangladeshi women entrepreneurs. Founder President of BWCCI Selima Ahmad made the observation while delivering her opening remarks at a project orientation organised by Bangladesh Women Chamber...
FE Report | 2014-05-08 00:00:00
Titas Gas Transmission and Distribution Company Limited in separate drives uprooted a total of 17,240 feet illegal pipelines of different sizes over the last two days till Tuesday from various parts of the country, according to a press release. The...
SINGAPORE, May 7 (Reuters): Banks have a new buzzword to describe their strategy in Asia: diplomacy. Stung by regulatory probes into allegations ranging from the hiring of the offspring of senior state officials in China to rate manipulation in Singapore,...
KUALA LUMPUR, May 7 (Reuters): Malaysia's exports in March rose by 8.4 per cent from a year earlier, in line with expectations, and the trade surplus that month was significantly higher than expected, data showed on Wednesday. Imports rose 0.5...
PHNOM PENH, May 7 (Xinhua): Bilateral trade volume between Cambodia and the United States had amounted to US$845 million in the first three months of 2014. The number saw a 11-per cent rise from $758 million over the same period...
HO CHI MINH CITY, May 7 (Xinhua): Foreign direct investment ( FDI) in the first four months of the year helped Vietnam enjoy a trade surplus of US$683 million, tantamount to 1.5 per cent of the country's total export value,...
KUWAIT CITY, May 7 (AFP): Kuwait's Finance Minister Anas al-Saleh on Wednesday urged the energy-rich Gulf states to make concessions to ensure the full implementation in January 2015 of a long-delayed customs union. Saleh, speaking at a meeting of finance...
SEOUL, May 7 (Xinhua): Loan delinquency among South Korean banks kept its downward trend as banks wrote off sour loans, financial watchdog data showed Wednesday. The delinquency ratio in bank loans, overdue more than one month, stood 0.85 per cent...
FE Report | 2014-05-08 00:00:00
A Japanese business delegation blamed Wednesday the lack of coordination among the government institutions concerned for failure of attracting more foreign direct investment (FDI). The delegation members also suggested the government to monitor their services and performances, and to synchronise...
Prime Minister Sheikh Hasina sought more investment Wednesday from the United Arab Emirates (UAE) in socio-economic and infrastructural development as well as power and energy sectors in Bangladesh, reports UNB. The Prime Minister sought the cooperation when UAE Ambassador to...
BEIJING, May 7 (AFP) : Air France unveiled its new first-class seat in Shanghai on Wednesday, fuelling an international luxury-armchair race to win over Asia's rising number of high fliers. The airline's "haute couture" suite will feature a seat that...
British supermarket Sainsbury's logs higher profit LONDON, May 7 : British supermarket chain Sainsbury's unveiled a rise in annual net profits on Wednesday, but its outgoing chief executive warned of challenges ahead. Profit after tax rose 19 per cent to...
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