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Global stocks bounce back on easing Ukraine tensions

AFP | 2014-03-04 00:00:00

LONDON: Stock markets around the world rebounded Tuesday from the previous day’s slump as investors breathed a sigh of relief after Russian President Vladimir Putin declared there was “no need” yet to send troops into Ukraine. London’s benchmark FTSE 100...

Infrastructure and poverty

Abdul Bayes | 2014-03-04 00:00:00

The impact of infrastructure on poverty is well researched. Bangladesh has a plethora of researches on this issue. We could possibly mention about various studies that have eloquently exposed the differential impacts of infrastructure on poverty level in India.  According...

Ukraine: Is Russia on the warpath?

Mohammad Amjad Hossain | 2014-03-04 00:00:00

Reports from Kiev, the capital of Ukraine, point to the presence of Russian troops in Crimea region of Ukraine. Prime Minister of Ukraine Arseniy Yatsenyuk is reported to have said, Russia has declared a war against Ukraine. The country's President...

Weak EC and disappointed people

2014-03-04 00:00:00

The present Election Commission (EC) has proved to be an ineffective and weak organisation which is not good for our democracy. The EC seems to be reluctant to play a strong, independent role, and time and again its actions have...

Ignorance can cause undesired casualties

2014-03-04 00:00:00

A photo caption "Ignorance, not always a bliss: School-goers crossing a metallic fence of the road driver on Gulistan-Jatrabari Flyover at Kajla in the city Sunday amid high risks of accidents" has made me dumb. It is not uncommon in...

Afridi: Hero of India-Pakistan match

2014-03-04 00:00:00

India-Pakistan match of Asia cup has fulfilled the expectations of cricket lovers all over the world. It is known as the mother of all battles in international cricket. When India and Pakistan play against each other, it is much more...

Should the central bank control interest rate?

Md Jamal Hossain | 2014-03-04 00:00:00

The traditional outlook has been that the central bank should control the interest rate whenever the necessary and proper situation arises. This necessary and proper situation is not very clear-cut also. What do people actually mean when they ask for...

Boosting pry textiles production capacity to help RMG exporters cope with emerging challenges

Badrul Ahsan | 2014-03-04 00:00:00

Enhancement of the production capacity of primary textiles would help local apparel exporters to cope with emerging challenges after the signing of the proposed Free Trade Agreement (FTA) between India and the European Union (EU), industry insiders said. According to...

Food aid inflow falls sharply in FY 2014

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

The inflow of overall food aid marked a significant fall in the first eight months of the current fiscal year (FY), 2013-14, due to non availability of such support from major donors, officials said. Bangladesh received only 14,947 tonnes of...

PM likely to launch GSP automation system

FE Report | 2014-03-04 00:00:00

Prime Minister Sheikh Hasina is likely to formally launch the automation system of generalised system of preference (GSP) by the end of this month, official sources said. The activities of issuing GSP facility against Bangladesh's apparel exports to European countries...

BERC public hearing today on power tariff hike proposal

2014-03-04 00:00:00

Bangladesh Energy Regulatory Commission (BERC) will begin a three-day public hearing today (Tuesday) on the proposals submitted by five state-owned electricity distribution companies to raise retail power tariff. The hearing will take place at the BERC meeting room everyday until...

Oil prices surge on Ukraine crisis

2014-03-04 00:00:00

LONDON, Mar 3 (AFP): Global oil prices soared to the highest levels this year on Monday as the Ukraine crisis fuelled concerns about global energy supplies, analysts said. Brent North Sea crude for delivery in April rocketed $2.77 to stand...

IMF chief warns of low inflation menace to eurozone

2014-03-04 00:00:00

MADRID, Mar 3 (AFP): IMF chief Christine Lagarde urged the eurozone on Monday to fight persistently low inflation, warning that it presents a looming threat to economic recovery in the region. Key risks menace the 18-nation eurozone even as it...

News Briefs

2014-03-04 00:00:00

Global factory growth stumbles as demand falters LONDON/BEIJING, Mar 3 : Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/2 year high....

Photo: Midland Bank Limited

2014-03-04 00:00:00

Photo: Prime Bank Limited

2014-03-04 00:00:00

Photo:Jamuna Bank

2014-03-04 00:00:00

Women still lukewarm to join hospitality sector

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

Women's participation in hospitality and tourism sector of the country is still far below what it is in many other countries, which is, according to experts, one of the main impediments to the sector's growth. They, have, however, singled out...

Low-profile conservative to run Nigeria’s top bank

2014-03-04 00:00:00

LAGOS, Mar 3 (AFP) : Nigeria has lined up a relative unknown to head its central bank after the outspoken former governor was suspended, causing shockwaves in Africa's second-largest economy and markets to wobble.  Zenith Bank boss Godwin Emefiele had...

Wifi in the sky looks set for takeoff

2014-03-04 00:00:00

SINGAPORE, Mar 3 (AFP) : Wifi in aircraft, hobbled in the past by slow speeds, could soon take off as new technology enables passengers to surf the web as if they were in a coffee shop, Internet executives say. More...

Dean Metropoulos\\\' Pabst Brewing seeks buyer

2014-03-04 00:00:00

NEW YORK, Mar 3 (Reuters): Veteran food industry investor C. Dean Metropoulos is seeking a new owner for Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, people familiar with the matter said. Los Angeles-based Pabst,...

exchange rate

2014-03-04 00:00:00

Stocks witness choppy trading

FE Report | 2014-03-04 00:00:00

Stocks extended losing streak for the fourth running session Monday amid choppy trading with turnover declined further as late hour sell pressure cut early gains. The market was in upbeat mood in the opening session, but late sell pressure dragged...

Photo: UAE Ambassador to Bangladesh

2014-03-04 00:00:00

Photo: State Minister of Labour and Employment

2014-03-04 00:00:00

Indonesia trade in deficit on mineral export ban

2014-03-04 00:00:00

JAKARTA, Mar 3 (AFP) :  Indonesia swung to a trade deficit in January as a controversial government ban on mineral ore shipments by Southeast Asia's biggest economy crimped overall exports, data showed Monday. The January deficit of $431 million compared...

FAA seeks new safety measures for Boeing B737 planes

2014-03-04 00:00:00

Chicago, Mar 3 (Reuters): US aviation regulators on Monday plan to propose improving cockpit automation to help prevent pilot errors that have caused fatal airline crashes, according to a media report. The Federal Aviation Administration wants cockpit automation fixes in...

Two top Microsoft executives to leave in reshuffle

2014-03-04 00:00:00

Palo Alto, California, Mar 3 (Reuters) : In the biggest management reshuffle at Microsoft Corp since Satya Nadella took over as its chief executive, two top executives, Tony Bates and Tami Reller, will leave the company while a former Clinton...

Yen gains in Asia on Ukraine conflict fears

2014-03-04 00:00:00

TOKYO, Mar  3 (AFP): The yen gathered steam in Asia Monday on rising geopolitical fears as Ukraine mobilised its army with Russian troops poised to invade the former Soviet state. In Tokyo afternoon trade, the dollar weakened to 101.45 yen,...

Global Commodity Prices

2014-03-04 00:00:00