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European stocks get ECB boost, euro fades

2014-04-03 00:00:00

Europe's main stock markets got a boost on Thursday as the ECB pledged to further ease monetary conditions if necessary and hinted at quantitative easing to keep deflation at bay. However stocks gave up much of their gains, with Frankfurt's...

Tea sale meets selective enquiry from buyers

2014-04-03 00:00:00

The sale comprised mostly of end of season tea and met with a selective enquiry from the buyers. Clean good liquoring tea were sold well in line with quality. All others were easier with heavy withdrawals for the poorer varieties....

Women’s T20: BD score 106 for 7 against Ireland

2014-04-03 00:00:00

Bangladesh Eves Team scored 106 runs for 7 in stipulated 20 overs against Ireland Women’s Team in the 9th place deciding play-off match of the ICC World Women’s Twenty20 at the Sylhet Stadium on Thursday. Earlier, Bangladesh opted to bat...

Ford’s Russian jt venture to cut a third of jobs as sales fall

2014-04-03 00:00:00

SAINT PETERSBURG, Apr 2 (AFP): Ford's Russian joint venture said Wednesday it plans to cut a third of its staff at its factory outside the northwestern city of Saint Petersburg due to falling sales. "We confirm that we will reduce...

Oil prices down in Asian trade

2014-04-03 00:00:00

SINGAPORE, Apr 2 (AFP): Oil prices turned lower in Asian trade Wednesday as investors stood on the sidelines with few fresh leads, but retained support following upbeat global economic data released a day earlier, analysts said. New York's West Texas...

Dollar up in Asia on manufacturing data

2014-04-03 00:00:00

TOKYO, Apr 2 (AFP): The dollar extended its gains against the yen in Asia Wednesday after upbeat manufacturing data from the United States and Europe boosted sentiment ahead of key US jobs figures this week. In Tokyo afternoon trading, the...

Thrust on greater coordination between BSEC, central bank

2014-04-03 00:00:00

FE Report Top 30 member brokers of Dhaka Stock Exchange (DSE) have stressed the need for greater coordination between central bank and the securities regulator in case of taking capital market related decisions, officials said. The opinion of the top...

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2014-04-03 00:00:00

Trading of Renwick Jajneswar suspended

2014-04-03 00:00:00

FE Report Dhaka Stock Exchange (DSE) Wednesday suspended the share trading of Renwick Jajneswar and Company (BD) Limited for an indefinite period, as the bourse opened investigation into an 'abnormal' hike of the company's share prices. "Trading of shares of...

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2014-04-03 00:00:00

Country\\\'s inward remittances grow at faster pace last month

2014-04-03 00:00:00

FE Report The country's inward remittance grew at a faster pace in March compared to that of the previous month as political stability started restoring after a prolonged turmoil, officials said. The remittances from Bangladeshi nationals working abroad were estimated...

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2014-04-03 00:00:00

Chairman of Union Capital re-elected

2014-04-03 00:00:00

Mr. Chowdhury Tanzim Karim (Barrister-at-Law), has been re-elected as the Chairman of Union Capital Limited in a recent meeting of the Board of Directors of the Company.   Mr. Karim is a practicing lawyer specializing in company, commercial, banking and securities...

Chairman of Standard Chartered in town

2014-04-03 00:00:00

Sir John Peace, Chairman of Standard Chartered PLC arrived here Wednesday for a 2-day official visit to Bangladesh. During this visit, Sir John Peace will meet senior officials of the Government, and clients and staff of Standard Chartered Bank. Sir...

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2014-04-03 00:00:00

Stocks close higher on bourses

2014-04-03 00:00:00

FE Report Stocks ended higher for the third consecutive session Wednesday with significant improvement in turnover as investors took position on large cap stocks amid optimism. The market opened with a positive note and the upward trend continued till the...

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2014-04-03 00:00:00

Bangladesh to seek power import from Bhutan

Talha Bin Habib | 2014-04-03 00:00:00

Dhaka will request Thimphu to export power to Bangladesh during the upcoming commerce secretary level meeting next week in Bhutan, a high trade official said. The commerce secretary level meeting of Bangladesh and Bhutan will be held on April 9-10...

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2014-04-03 00:00:00

Nikkei hits 3-week high

2014-04-03 00:00:00

TOKYO, Apr 2 (Reuters): Japan's Nikkei share average rose to a fresh three-week high on Wednesday as sentiment was helped by a weakening yen, while Renesas Electronics Corp jumped on news that it is in talks with Apple Inc and...

Branding BD trade show in Cape Town from June 3

2014-04-03 00:00:00

FE Report Branding Bangladesh Trade Show in South Africa 2014 will kick off on June 3 in Cape Town with a view to expanding business in that country. The three-day exposition will be organised by Branding Bangladesh under the auspices...

Sensex extends record run

2014-04-03 00:00:00

MUMBAI, Apr 2 (Reuters): The BSE Sensex touched a new high for the eighth straight session on Wednesday and non-bank financial companies such as IDFC Ltd surged after the election commission allowed the Reserve Bank of India (RBI) to announce...

HK shares up 0.3pc

2014-04-03 00:00:00

SHANGHAI, Apr 2 (Reuters): Hong Kong shares finished up 0.3 per cent on Wednesday, with property stocks posting their biggest one-day percentage gain in over two years after state media reported that some Chinese cities may relax house purchasing restrictions....

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2014-04-03 00:00:00

Uncertainty over payment, fear of labour unrest loom

Monira Munni | 2014-04-03 00:00:00

The recent production suspension slapped on some garment units has raised concern among many factory owners and workers as the issues relating to payment of wages and other benefits during the suspension still remain unresolved in the midst of the...

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2014-04-03 00:00:00

Land registration system in disarray

Shahiduzzaman Khan | 2014-04-03 00:00:00

Bangladesh has so far enacted 146 land-related laws dealing with 20 types of land issues. But they are surprisingly yet to ensure people's right to land. On the contrary, loopholes in those laws and the land management system are raising...

Muhith rejects central bank proposal for more autonomy

2014-04-03 00:00:00

FE Report Finance Minister AMA Muhith turned down Wednesday a proposal placed by the central bank for strengthening its (the bank) autonomy. The minister said the central bank proposed an action programme to work with the International Monetary Fund (IMF)...

BD needs to invest $74-100b until 2020 for infrastructure dev

2014-04-03 00:00:00

FE Report Bangladesh needs to invest US$ 74 billion to $100 billion (at 2010 prices) until 2020 for developing its poor infrastructure and reducing poverty to an expected level, a World Bank report said Wednesday. The Bank in the "Reducing...

Low sales put real estate sector in dire straits

Kamrun Nahar | 2014-04-03 00:00:00

The country's real estate sector is still bearing the brunt of sluggish sales despite an improvement in the political situation for the past few months, industry insiders said. The continued downtrend in sales has severely affected both the realtors as...