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Cyprus seeks closer business ties with UAE

2014-04-20 00:00:00

DUBAI, Apr 19 (Gulf News): Nicos Anastasiades, president of the Republic of Cyprus, said that business relations between UAE and Cyprus are based on solid foundations and called for a boost to economic ties between the two countries. During his...

Shell wants to expand Russia operations

2014-04-20 00:00:00

MOSCOW, Apr 19 (AFP): The chief executive of Anglo-Dutch energy giant Royal Dutch Shell Ben van Beurden met President Vladimir Putin at his private residence on Friday, telling the Russian strongman that the company wanted to expand its operations in...

Photo: NCC Bank

2014-04-20 00:00:00

Photo: BGMEA President Md Atiqul Islam speaking

2014-04-20 00:00:00

Photo: Republic Insurance Company

2014-04-20 00:00:00

Govt to frame long term blueprint for becoming developed economy

FHM Humayan Kabir | 2014-04-20 00:00:00

The government will craft a long-term national development strategy, which can help Bangladesh join the league of developed economies, officials said Saturday. Planning Commission officials said they have started working on formulating the Bangladesh Delta Plan (BDP) 2100 placing importance...

Govt likely to extend aromatic rice export time for another year

Rezaul Karim | 2014-04-20 00:00:00

The government is likely to extend the time limit for exporting aromatic rice to the international markets by another year, officials said. The aromatic rice export may be extended to June 15, 2015, they said. Earlier, the office of the...

China sacks state firm head amid corruption allegations

2014-04-20 00:00:00

SHANGHAI, Apr 19 (AFP): China on Saturday announced the removal of the head of one its major state-owned firms, conglomerate China Resources, for suspected law violations, state media reported using terms which typically refer to corruption. Chinese President Xi Jinping...

Mid-level management blamed for garment accidents

FE Report | 2014-04-20 00:00:00

Labour Secretary Mikail Shipar Saturday said unskilled, mid-level officers are responsible for the accidents in garment factories. "The accidents can be prevented through training, which will also increase productivity," he said, while speaking at a training workshop on "Bangladesh Labour...

Tokyo consumer inflation seen at 22-year high on sales tax hike

2014-04-20 00:00:00

TOKYO, Apr 19 (Reuters): Core consumer prices in Tokyo, a leading indicator of nationwide inflation, probably rose the most in 22 years in April after an increase in Japan's sales tax drove up prices across the board, a Reuters poll...

Former Apple chief plans mobile phone for India

2014-04-20 00:00:00

NEW DELHI, Apr 19 (AFP): Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped smartphone market....

US launches probe into Mexican sugar imports as mills reject claims

2014-04-20 00:00:00

WASHINGTON, Apr 19 (Reuters): The US government launched on Friday a probe into allegations that cheap imports of Mexican sugar are causing nearly $1 billion in damages in the local market, even as the Mexican representatives made a formal rebuttal...

Photo: Crystal Insurance Company Limited

2014-04-20 00:00:00

Photo: NAIROBI, Kenya: A fruit and vegetable vendor sits outside his stall in a suburb of Nairobi

2014-04-20 00:00:00

Photo: KABUL, Afghanistan: An Afghan labourer pushes his wheelbarrow

2014-04-20 00:00:00

India’s RIL posts marginal quarterly profit rise

2014-04-20 00:00:00

NEW DELHI, Apr 19 (AFP): Energy giant Reliance Industries Ltd reported a marginal rise in quarterly profit Friday, with billionaire tycoon Mukesh Ambani saying his company had turned in a "satisfying" full-year performance. Reliance, which operates the world's biggest refining...

Brazilian tycoon Batista investigated for financial crimes

2014-04-20 00:00:00

RIO DE JANEIRO, Apr 19 (Reuters) : Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday. If the police probe...

Goldman Sachs earnings dip on trading declines

2014-04-20 00:00:00

NEW YORK, Apr 19 (AFP): Goldman Sachs reported lower quarterly profits Thursday due to declines in some key trading divisions, but notched a big gain in financial advisory services. Earnings for the first quarter came in at $2.03 billion, down...

Fiat-Chrysler to produce iconic Jeep in China from 2015

2014-04-20 00:00:00

SHANGHAI, Apr 19 (AFP): Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world's largest car market. Fiat-Chrysler-created by Italy's Fiat acquiring Chrysler of the...

India\\\'s forex reserves zoom $2.79b to $309.44b

2014-04-20 00:00:00

MUMBAI, Apr 19 (PTI):  India's foreign exchange reserves jumped by US Dollar 2.797 billion to US Dollar 309.444 billion in the week ended April 11 on the back of a healthy rise in currency assets. The total reserves had shot...

US orange production hit by disease, juice prices soar

2014-04-20 00:00:00

NEW YORK, Apr 19 (AFP): A citrus disease spread by a tiny insect has devastated Florida's orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring on New York markets. The culprit?...

Photo: ROUEN, France : This photo taken on April 17, shows a truck loaded with grain

2014-04-20 00:00:00

US-Japan TPP trade talks progress but no deal

2014-04-20 00:00:00

WASHINGTON, Apr 19 (AFP): The United States said Friday there had been progress but no final deal in talks with Japan that are crucial to advancing the ambitious 12-country Trans-Pacific Partnership trade deal. Negotiations failed to achieve a significant breakthrough...

AMR loses bid to terminate retiree benefits

2014-04-20 00:00:00

NEW YORK, Apr 19 (Reuters) : A US bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees. US Bankruptcy Judge Sean Lane...

Commodity prices mixed before Easter break

2014-04-20 00:00:00

LONDON, Apr 19 (AFP): Commodity markets diverged this week as dealers took their leads from the unrest in Ukraine and data out of China and the United States, the world's two largest economies. Many markets were shutting one day earlier...

Global Commodity Prices

2014-04-20 00:00:00

Containing default loan malpractices

Nasiruddin Ahmed | 2014-04-20 00:00:00

The financial sector reform programme has greatly and largely helped financial institutions (FIs) keep strict credit management discipline. Particularly after introduction of the Credit Information Bureau (CIB) of the Bangladesh Bank, the FIs when considering any credit proposal check the...

Economic diplomacy and Bangladesh

AKM Masudur Rahman | 2014-04-20 00:00:00

Modern diplomacy refers to "the application of intelligence and tact to the conduct of official relations between the governments of independent states." Diplomacy is the exclusive domain of the Ministry of Foreign Affairs (MOFA). However, alternative actors in the field...

Abduction in broad daylight

2014-04-20 00:00:00

It all happened too fast - the abduction and release of Mr. Abu Bakar Siddique, husband of Ramon Magsaysay Award-winner Syeda Rizwana Hasan who is the Chief Executive Officer of the Bangladesh Environmental Lawyers' Association (BELA). His kidnapping from a...

BCIM Economic Corridor and its potential

Shahiduzzaman Khan | 2014-04-20 00:00:00

Chinese President Xi Jinping, during his visits to Kazakhstan and Indonesia late last year, called for joint development of an economic belt along the Silk Road and a Maritime Silk Road of the 21st century. Such initiatives by China aiming...