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HK shares in biggest loss in 5 weeks

2014-03-11 00:00:00

HONG KONG, Mar 10 (Reuters): Hong Kong shares suffered their biggest one-day loss in five weeks on Monday, after a slew of tepid China economic data over the weekend reignited fears of a bigger slowdown in the world's second-largest economy....

IPO Diary

2014-03-11 00:00:00

Photo: Mercantile Bank Limited

2014-03-11 00:00:00

Photo: Rupali Bank Limited

2014-03-11 00:00:00

Keys to vaults of two Ctg bank branches \\\'lost\\\'

2014-03-11 00:00:00

Keys to vaults of two branches of as many banks in Chittagong have been lost in incidents that police describe as mysterious. According to police, the vault key of the UCBL’s Jubilee Road branch under Kotwali Police Station was lost...

Photo: Kalinga Institute of Industrial Technology University (KIIT University)

2014-03-11 00:00:00

Photo: MJL Bangladesh Ltd and Rahimafrooz\\\'s Globatt Battery

2014-03-11 00:00:00

Domestic software makers edging out foreign cos

Badrul Ahsan | 2014-03-11 00:00:00

Locally developed software is now replacing imported ones alongside their successful outbound activities mainly due to its world class quality and lower costs, industry insiders said. Local information technology (IT) and software service providers said they are helping Bangladesh save...

Govt urged to provide adequate allocation for women in budget

FE Report | 2014-03-11 00:00:00

Speakers at a discussion Monday urged the government to ensure adequate allocation for women in national budget and proper implementation of various programmes targeted to women to ensure their empowerment. They spotted the challenges to women empowerment, and said the...

10.67 lakh BD workers in S Arabia, Malaysia legalised

2014-03-11 00:00:00

The status of some 10.67 lakh illegal Bangladeshi workers in Saudi Arab and Malaysia have been legalised as the government has launched a serious diplomatic move in this regard. Expatriates’ Welfare and Overseas Employment Minister Khandker Mosharraf Hossain said this...

Yunus visits social business initiatives in three countries

2014-03-11 00:00:00

Nobel Laureate Prof Dr Muhammad Yunus launched new social businesses and visited social businesses already in operation, took part in board meetings of social business funds and met potential investors in social businesses in his recently concluded two-week tour of...

BB to introduce Tk 2.0b refinance scheme

Rezaul Karim | 2014-03-11 00:00:00

The central bank is going to introduce a Tk 2.0 billion refinance scheme aiming to revive the country's jute sector through ensuring fair price at the farmers' level, official said. A meeting will be held today (Tuesday) in the conference...

Britain, Germany to collaborate on ‘5G next mobile network’

2014-03-11 00:00:00

HANOVER, Germany, Mar 10 (AFP): Britain and Germany will team up to work on developing the next super-fast mobile network, 5G, Prime Minister David Cameron told the opening of the world's biggest high-tech fair Sunday. Cameron said the initiative was...

News Briefs

2014-03-11 00:00:00

ICMAB team off to Pakistan to attend SAFA board meet A three-member delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mohammed Salim left the city for Karachi, Pakistan recently to attend the...

Photo: Modhumoti Bank Limited

2014-03-11 00:00:00

Adoption of green tech \\\'urgent need for Bangladesh\\\'

FE report | 2014-03-11 00:00:00

Adoption of a lot of green technology is an urgent need for Bangladesh to achieve net zero carbon emission for facing the consequences of climate changes. Despite being at risk of the downstream location Bangladesh is yet to take effective...

BB to hold women entrepreneurs\\\' confce in city March 13

FE Report | 2014-03-11 00:00:00

The Bangladesh Bank (BB) will hold the biggest-ever gathering of women entrepreneurs in the city on March 13 to popularise the bank's small and medium enterprise (SME) loan facility among beneficiaries through establishing a platform with all stakeholders. Bangladesh Bank...

BD joins consortium of 15 telecom operators

FE Report | 2014-03-11 00:00:00

The country has joined the consortium of 15 telecom operators to install new submarine cable system to connect 17 countries from Asia and Europe. Bangladesh Submarine Cable Company Limited (BSCCL) as one of the members of the consortium signed a...

India, BD talks on fisheries cooperation tomorrow

2014-03-11 00:00:00

The first meeting of the Joint Working Group (JWG) on Fisheries Cooperation between India and Bangladesh will be held on March 12-13 in the city, said a press release.   The Joint Working Group on fisheries was formed for coordinating and...

China bank lending halves in February after January spike

2014-03-11 00:00:00

BEIJING, March 10 (Reuters): The number of new yuan loans made by Chinese banks halved in February and liquidity in the economy tightened, official data showed on Monday, which analysts said indicated the previous month's surge was not a sign...

exchange rate

2014-03-11 00:00:00

Photo: LankaBangla Finance Ltd (LBFL)

2014-03-11 00:00:00

Photo: Jiban Bima Corporation (JBC)

2014-03-11 00:00:00

Japanese growth slows as sales tax hike looms

2014-03-11 00:00:00

TOKYO, Mar 10 (AFP): Japan's economy grew at a slower pace than initially thought in the last quarter of 2013, revised data showed Monday, underscoring concerns about the pace of recovery under Prime Minister Shinzo Abe's policy blitz. The fresh...

Car engine oil consumption in Malaysia\\\'s central region reaches 17m litres in’13: GfK

2014-03-11 00:00:00

With the escalating car population in Malaysia's central region, sales volume of passenger car engine oil have concurrently gone up. GfK retail audit revealed that sales of passenger car engine oil in the high traffic states of Kuala Lumpur and...

French central bank holds Q1 growth forecast at 0.2pc

2014-03-11 00:00:00

PARIS, Mar 10 (AFP): The French economy is expected to grow by 0.2 per cent in the first quarter, the country's central bank said Monday, confirming a preliminary forecast issued a month ago. The bank makes its forecasts based on...

China auto sales slow in February

2014-03-11 00:00:00

SHANGHAI, Mar 10 (AFP): China's auto sales eased in February from a record high in January as the long Lunar New Year holiday affected the market, an industry group said Monday. Auto sales in China-the world's biggest car market-rose 17.8...

Photo: BEPZA

2014-03-11 00:00:00

Oil prices ease on weak Chinese trade data

2014-03-11 00:00:00

SINGAPORE, Mar 10 (AFP): Oil prices eased in Asian trade Monday as weak Chinese trade data stoked concerns over demand in the world's top energy consumer, analysts said. New York's main contract, West Texas Intermediate for April delivery, was down...

Italy\\\'s Renzi says tax cuts will not imperil EU limits

2014-03-11 00:00:00

ROME, Mar 10 (Reuters): An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday. Before replacing Enrico Letta as the head of government last month,...