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Stocks down at opening

FE Online Report | 2014-03-16 00:00:00

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed negative trend in early hours of trading Sunday, the opening day of the week amid modest see-saw. DSEX, the prime index of the DSE, went down by 10.63...

Khaleda vows to wage oust-govt movement

2014-03-16 00:00:00

Denouncing the government for what she said capturing upazila (UZ) polling centres, BNP Chairperson Khaleda Zia has said the party will definitely take to the streets in due time to unset the regime. “We’ll surely take to the streets no...

Tigers face Afghans in World T20 opener at 3:30pm

2014-03-16 00:00:00

Bangladesh face two challenges in the World Twenty20 starting on Sunday afternoon. Firstly, to top the group to proceed to the Super Ten stage of the competition. And secondly, to avenge the drubbing they got against Afghanistan in the recently-held...

Stocks down for 3rd straight week

Babul Barman | 2014-03-15 00:00:00

The stock market extended losing streak for the third straight week with lower market participation as ongoing volatility and apparent lack of directions kept investors indecisive. "The market observed another declining week marked by lower participation from the investors as...

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2014-03-15 00:00:00

weekly foreign exchange market review

2014-03-15 00:00:00

Taka slightly appreciates against dollar Mar 09 - Mar 13, 2014 Commercial Bank of Ceylon PLC The local currency appreciated a little bit against the green back last week. Bangladesh received $ 1.16 bio in February against $ 1.26 bio...

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2014-03-15 00:00:00

Prime Financial First Unit Fund NAV disclosed

2014-03-15 00:00:00

Prime Finance Asset Management Company Limited (PAMC) has declared the Net Asset Values (NAV) of Prime Financial First Unit Fund, the first private sector unit fund in Bangladesh, according to a press release. The total NAV of Prime Financial First...

Tokyo investors to eye Fed meeting next week

2014-03-15 00:00:00

TOKYO, Mar 14 (AFP): Tokyo investors will focus on the US Federal Reserve's policy meeting next week looking for for fresh trading cues following a big sell-off over the past week fuelled by fears over China's economy and the Ukraine...

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2014-03-15 00:00:00

Info on 3,498 RMG units ready for inclusion in database

Monira Munni | 2014-03-15 00:00:00

The government has initiated the process of incoreorating information on 3,498 garment units in the proposed database, which will be completed by the end of this month sources said. The Labour and Employment Ministry, in cooperation with the International Labour...

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2014-03-15 00:00:00

Only 4,500 pre-paid gas meters set up in 2 years

Ismail Hossain | 2014-03-15 00:00:00

The installation of 600,000 pre-paid meters by the Titas Gas Transmission and Distribution Company Ltd. to prevent misuse of the non-renewable fuel and manipulation of bill has failed to make any substantial progress even in two years. So far, the...

Potato gets surprise boost after 2- yr low

2014-03-15 00:00:00

FE Report Potato price increased by 40-50 per cent at the retail level over the past week compared with a week ago after the price hike in rural areas. Onion price soared, loose edible oil and lentil prices reduced while...

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2014-03-15 00:00:00

S Korea, China to hold 10th FTA talks next week

2014-03-15 00:00:00

SEOUL, Mar 14:  South Korea and China will hold a new round of negotiations on the bilateral free trade agreement ( FTA) next week, Seoul's trade ministry said Friday. The 10th round of the FTA talks will be held in...

Indian rupee down 30 paise against dollar

2014-03-15 00:00:00

Mumbai, Mar 14: The rupee lost 30 paise to 61.47 against the US dollar in early trade Friday on the Interbank Foreign Exchange market due to increased demand for the American currency from importers amid appreciation of the greenback overseas....

Yen rises in Asian trade, euro slips from recent highs

2014-03-15 00:00:00

TOKYO, Mar 14: The yen rose in Asia Friday, extending gains in New York on concerns about China's economy and the Ukraine crisis, while the euro fell after the head of Europe's Central Bank pledged to take action to fight...

Vietnam coffee production hit by extreme weather

2014-03-15 00:00:00

HANOI, Mar 14 (AFP): Extreme weather conditions are hitting coffee production in Vietnam, the world's largest exporter of low-end robusta beans used in instant coffee, an industry official said Friday. Severe cold and drought saw Vietnam's coffee production in the...

Spanish public debt hits new record in 2013

2014-03-15 00:00:00

MADRID, Mar 14 (AFP): Spain reported Friday its public debt soared to a new record high in 2013 despite a slew of budget-cutting measures, ballooning to nearly 94 per cent of the economy's entire annual output. Prime Minister Mariano Rajoy's...

Financial challenges facing WFP mission in Syria

2014-03-15 00:00:00

DAMASCUS, Mar 14 (Xinhua): The World Food Program (WFP) in Syria needs a fund of two billion U.S. dollars in 2014 to cover the needs of seven million displaced Syrians in and outside the country, a WFP spokesperson said, noting...

IMF ready to start aid negotiations with Ukraine

2014-03-15 00:00:00

WASHINGTON, Mar 14 (AFP): The International Monetary Fund said yesterday it was ready to launch aid negotiations with Ukraine. "The IMF fact-finding mission working in Kiev since March 4 has made good progress in assessing the situation," IMF managing director...

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2014-03-15 00:00:00

India inflation falls to surprise 9-month low

2014-03-15 00:00:00

NEW DELHI, Mar 14 (AFP): India's inflation slipped to a surprise nine-month low in February, official data showed Friday, offering the government some respite ahead of elections that kick off next month. The Wholesale Price Index-the most widely watched price...

IEA raises 2014 oil demand forecast on improving economy

2014-03-15 00:00:00

PARIS, Mar 14 (AFP): Global oil demand will rise faster than expected as the world economic outlook improves, the International Energy Agency said Friday, warning that the crisis in Ukraine can still drag down overall consumption. The latest demand estimate...

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2014-03-15 00:00:00

Workers sue McDonald\\\'s for stealing wages

2014-03-15 00:00:00

NEW YORK, Mar 14 (AFP): US workers accused fast- food giant McDonald's Thursday of systematically stealing wages through illicit practices like forcing them to work off- the- clock and failing to pay overtime. Seven class-action lawsuits were filed Wednesday and...

Shrimp industry insiders bin EJF\\\'s report

2014-03-15 00:00:00

Sonia H Moni The latest report of Environmental Justice Foundation (EJF) is an attempt to malign Bangladesh's shrimp industry when it is working with the government and development partners to ensure well-being of the workers, said industry insiders. The EJF...

Recalled GM cars linked to 303 airbag related deaths

2014-03-15 00:00:00

NEW YORK, Mar 14 (AFP): US safety regulators have tracked 303 deaths after airbags failed to properly deploy in vehicles recently recalled by General Motors, a consumer watchdog group said Thursday. GM is currently at the center of multiple investigations...

UniCredit to spend up to $14b on buying state debts to firms: CEO

2014-03-15 00:00:00

MILAN, Mar 14 (Reuters): UniCredit  is prepared to spend up to 10 billion euros ($14 billion) to take on payments owed to companies by Italy's public administration, the bank's chief executive said in a newspaper interview on Friday. "We have...