Walmart closes store in China BEIJING, Mar 6: Wal-Mart Stores, the world's largest retailer, has shut an outlet in China after it closed down 10 stores across the country last year, state media reported on Wednesday. — PTI Daimler to...
Shah Alam Nur | 2014-03-07 00:00:00
A good number of local entrepreneurs have now shifted their focus on business expansion through joint ventures (JVs) with foreign investors, especially for building their capacity through adopting modern technologies, insiders said. According to them, the ever-growing global competition has...
MOSCOW/KIEV, March 6 (Reuters): The Russian central bank said on Thursday it was putting the Moscow subsidiary of Ukraine's Privatbank into temporary administration, but that it would not revoke the bank's licence. Russia and Ukraine are in a dangerous armed...
SHANGHAI, March 6 (Reuters): State-owned China Railway Corporation plans to seek private investment for a railway development fund that could be launched this year, the Shanghai Securities News reported on Thursday. The move comes as the Chinese government has vowed...
LONDON, March 6 (Reuters): German government bond yields rose on Thursday, led higher by the European Central Bank's decision to keep interest rates on hold and as talks to resolve the crisis in Ukraine dampened demand for safe-havens. The ECB...
Our Correspondent | 2014-03-07 00:00:00
CHITTAGONG, March 6: A joint meeting of Chittagong Branch Council (CBC) of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held at the CMA Bhaban at Agrabad in the city recently. Mohammed Monoarul Hoque, FCMA, was elected...
LONDON, March 6 (AFP): Global oil prices fell sharply on Wednesday following news of a weak crude demand on the United States, which is the world's top consumer. Brent North Sea crude for delivery in April sank $1.01 to $108.29...
PANAJI, India, March 6 (Reuters): A consortium led by Steel Authority of India Ltd, the country's second-biggest steelmaker, hopes to buy coal mines overseas in the next few months when it has completed due diligence on facilities in Indonesia, Mozambique...
LONDON, March 6 (Reuters): The five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation, a filing with a US federal court in New York showed. In the filing with the...
BEIJING, March 6 (Reuters): China will increase its 2014 budget for farming subsidies by 10 per cent from last year's 1.6 trillion yuan ($261.09 billion), a top government official said on Thursday, even as critics argue that subsidies play a...
BANGKOK, March 6 (Reuters): Thailand's consumer confidence tumbled to a 12-year low in February, a survey showed on Thursday, highlighting the toll that prolonged political unrest is taking on Southeast Asia's second-biggest economy. The economy has been nicknamed "Teflon Thailand"...
BRUSSELS, Mar 5 (AFP): European Commission president Jose Manuel Barroso announced Wednesday a massive aid package to Ukraine of "at least 11 billion euros" as the West stepped up plans to help the new government. "It is a package designed...
HONG KONG, Mar 6 (AFP): The operator of Japanese cheap-chic clothing chain Uniqlo closed up 5.6 per cent on its listing debut in Hong Kong on Wednesday, as the company expands its brand across Asia. Shares in Fast Retailing closed...
WASHINGTON, Mar 6 (AFP): US businesses added just 139,000 jobs in February, modest growth due in part to bad winter weather and job losses in financial services, payrolls firm ADP said Wednesday. Last month's job expansion was well below the...
LONDON, Mar 6 (AFP): The Bank of England on Thursday voted to keep its main interest rate at 0.50 per cent, five years after deciding to cut borrowing costs to the current record-low level. Policymakers agreed by majority also to...
BRUSSELS, Mar 6 (AFP): The European Commission on Wednesday placed France under close surveillance over its failure to rein in its deficit, warning that its recalcitrance could hamper Europe's economic recovery. In a searing criticism of France's public accounts, the...
FRANKFURT, Mar 6 (AFP): Continental, the German maker of tyres and car parts, said Thursday it booked stable profits last year in the face of weak European demand and the strong euro. "Continental demonstrated strength ... despite weak European automotive...
NEW DELHI, Mar 6 (AFP): India's currency firmed and shares rose Thursday after a marked improvement in the current account deficit in the last quarter, a change one analyst called "heartening". The current account deficit is the broadest measure of...
Chinese Ambassador in Dhaka Li Jun Thursday said his country still encourages Bangladesh's two major political parties to resolve their differences through a peaceful dialogue for a lasting political stability, reports UNB. "We still encourage the two political parties (AL...
FE Report | 2014-03-07 00:00:00
Female chiefs of seven foreign diplomatic missions and United Nations agencies have lauded the role of women in the country's economy mainly engaged in the readymade garments but said lots of rooms are still there to tap the full potential...
The ruling Awami League has announced the names of its 39 candidates for the seats kept aside for women in Parliament, reports UNB. Awami League Parliamentary Board (ALPB) finalised the nominations at a meeting held at the party chief and...
The Election Commi-ssion has asked the returning officers to instantly suspend voting in the polling centres where any irregularity will be found during the 3rd phase election to 83 Upazila Parishads on March 15, reports UNB. "We've directed the returning...
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