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China-Malaysia tourism hit by MH370

2014-03-28 00:00:00

BEIJING, Mar 27 (AFP): A major Chinese tour operator is breaking ties and cancelling bookings with Malaysia Airlines while another is seeing country reservations drop as travellers grow wary after Flight MH370's disappearance, state media reported Thursday. China Youth Travel...

News Briefs

2014-03-28 00:00:00

Yahoo Japan to buy eAccess telecom firm TOKYO, Mar 27: Internet giant Yahoo Japan said Thursday it would buy almost all of domestic telecom company eAccess from its parent Softbank Corp. in a deal valued at around $3.2 billion, or...

Photo: Modhumoti Bank Limited

2014-03-28 00:00:00

Photo: Uttara Motors Limited

2014-03-28 00:00:00

Ministry of housing spends over 55pc of ADP budget

FE Report | 2014-03-28 00:00:00

The ministry of housing and public works (MoHPW) spent more than 55 per cent of the Annual Development Programme (ADP) budget during eight months of the fiscal year (FY) 2013-14, reflecting a slight improvement compared to that of the corresponding...

Gold hits 6-week low, breaking through chart levels

2014-03-28 00:00:00

LONDON, Mar 27 (Reuters): Gold hit a six-week low on Thursday, breaking below $1,300 an ounce for the first time since mid-February, as speculation that US rates would rise sooner than expected and easing tensions over Ukraine pushed prices through...

Oil prices rise in Asia after strong US data

2014-03-28 00:00:00

SINGAPORE, Mar 27 (AFP): Oil prices edged higher in Asian trade Thursday on robust US consumer data and concerns over supply disruptions in Libya and Nigeria, analysts said. New York's main contract, West Texas Intermediate (WTI) for May delivery, gained...

US GDP growth rate raised to 2.6 per cent

2014-03-28 00:00:00

WASHINGTON, Mar 27 (Reuters): US economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. Gross domestic product...

China central bank to improve monitoring of shadow banking

2014-03-28 00:00:00

BEIJING, Mar 27 (Reuters): China's central bank pledged on Thursday to improve its monitoring of the shadow banking sector, as part of an effort to make its data on bank credit and interest rates more accurate. The central bank will...

Global Commodity Prices

2014-03-28 00:00:00

Photo: RUSSIA: An elderly woman passes by an office of Sberbank in St. Petersburg

2014-03-28 00:00:00

Steps taken to raise exports to SAARC member states

Shamsul Huda | 2014-03-28 00:00:00

Measures have been taken to increase exports to the SAARC member-states against country's huge trade deficits, particularly with India. Official statistics say in the last fiscal year Bangladesh exported only US$700 million to Afghanistan, Bhutan, India, Pakistan, Sri Lanka, Nepal...

Revised draft of NSP to be sent to Cabinet soon

Sonia H Moni | 2014-03-28 00:00:00

The draft of National Shrimp Policy (NSP) 2014 will be sent again to the Cabinet for approval within next 10 days, Joint Secretary (Fisheries) of the Ministry of Fisheries and Livestock Anisur Rahman confirmed. "Earlier we have sent the draft...

FDI to Vietnam declines sharply in Q1

2014-03-28 00:00:00

HANOI, Mar 27 (Xinhua): Foreign direct investment (FDI) to Vietnam witnessed a sharp decrease of 49.6 per cent in the first quarter of 2014 year-on-year, said Vietnam's General Statistics Office (GSO) Thursday. According to the statistics office, since the beginning...

Philippines to keep key policy rates steady

2014-03-28 00:00:00

MANILA, Mar 27 (Xinhua): The Philippine central bank on Thursday decided to keep policy rates steady as it expects inflation for 2014 to fall within the government's target of 3.0 to 5.0 per cent. The overnight borrowing or reverse repurchase...

S Korean CCSI keeps upward trend

2014-03-28 00:00:00

SEOUL, Mar 27 (Xinhua): South Korean consumer confidence kept an upward trend, reflecting high expectations for economic recovery, central bank data showed Thursday. Composite consumer sentiment index (CCSI) stood at 108 in March, unchanged from the previous month, according to...

China\\\'s ICBC 2013 full-year net profit up 10.2pc

2014-03-28 00:00:00

HONG KONG, Mar 27 (AFP): The Industrial and Commercial Bank of China, the country's biggest lender by assets, said on Thursday its net profit rose 10.2 per cent last year, amid "still-complicated" global economic situation. The bank, a symbol of...

exchange rate

2014-03-28 00:00:00

Photo: PARIS: China\\\'s Trade Minister Gao Hucheng

2014-03-28 00:00:00

China, France sign major business deals on Xi visit

2014-03-28 00:00:00

PARIS, Mar 27 (AFP): Beijing and Paris signed scores of deals Wednesday worth 18 billion euros ($25 billion) on the second day of a lavish state visit by Chinese leader Xi Jinping, in what President Francois Hollande said would bring...

US hails IMF support to \\\'stabilise\\\' Ukraine

2014-03-28 00:00:00

ROME, Mar 27 (AFP): The White House on Thursday hailed the promise of an International Monetary Fund bailout for Ukraine, saying it was a key part of a package of aid to help political and economic transition in the former...

Taiwan protesters vow mass rally in \\\'war\\\' against China pact

2014-03-28 00:00:00

TAIPEI, Mar 27 (AFP): Taiwanese protestors opposed to a contentious trade pact with China on Thursday vowed to escalate their "war" with the government, calling for a huge weekend rally to increase pressure on President Ma Ying-jeou. The student-led demonstrators...

Loans to eurozone businesses still weak: ECB

2014-03-28 00:00:00

  FRANKFURT, Mar 27 (AFP): Lending to businesses in the debt-mired eurozone contracted again in February, data published by the European Central Bank showed on Thursday. Private sector loans dropped by 2.2 per cent in February on a year-on-year comparison, the...

New Cuban foreign investment law to provide 8-yr tax break

2014-03-28 00:00:00

HAVANA, Mar 27 (AFP): A new Cuban foreign investment law to be passed this week will let companies keep earnings tax-free for eight years, state media reported Wednesday. "Companies that partner with the state in mixed enterprises will be exempted...

SK Jamal DC emerge group champions

2014-03-28 00:00:00

Sheikh Jamal Dhanmondi Club emerged Group C champions in the Modhumoti Bank Independence Cup Football Tournament beating Muktijoddha Sangsad KC by 3-1 goals at the Bangabandhu National Stadium in the city on Thursday, reports UNB. After the match, Sheikh Jamal...

Madrid loses to slip in race : Atletico, Barca win

2014-03-28 00:00:00

BARCELONA, Mar 27 (AP): Real Madrid lost 2-1 at Sevilla on Wednesday in the aftermath of its stinging 'clasico' defeat as it slipped behind in the Spanish title race, while Atletico Madrid and Barcelona kept winning to move ahead of...

Nishikori upsets Federer, Djokovic ousts Murray

2014-03-28 00:00:00

MIAMI, Mar 27 (AFP): Novak Djokovic eliminated defending champ Andy Murray in straight sets and while fifth seed Roger Federer was sent crashing out of the ATP Tour's Miami Masters tournament in the quarter-finals on Wednesday. Federer lost 3-6, 7-5,...

Liverpool earns nervy 2-1 win over Sunderland

2014-03-28 00:00:00

LIVERPOOL, Mar 27 (AP): Liverpool moved to within a point of Premier League leader Chelsea with a nervy 2-1 win over Sunderland that was sealed by goals from Steven Gerrard and Daniel Sturridge on Wednesday. Ki Sung-yeung's 76th-minute header for...

Gavaskar ready to take over troubled India board

2014-03-28 00:00:00

NEW DELHI, Mar 27 (AFP): Batting legend Sunil Gavaskar said he was willing to take the helm of India's embattled cricket board Thursday, following a request by the Supreme Court designed to stem the damage from a betting scandal. At...

Europe dominate EurAsia Cup opening day

2014-03-28 00:00:00

KUALA LUMPUR, Mar 27 (AFP): Team Europe took a huge step towards winning the inaugural EurAsia Cup Thursday when they crushed Asia 5-0 in the opening day four-ball matches of the Ryder Cup-styled event. European captain Miguel Angel Jimenez and...