Talha Bin Habib | 2014-03-02 00:00:00
The Probashi Kallyan Bank (expatriates' welfare bank) plans to set up exchange houses to help expatriate Bangladeshis send remittance to the country, said the chief of the bank. With this end in view the bank has applied to the central...
MADRID, Mar 1 (AFP): Spain launched Friday the privatisation of rescued lender Bankia with the sale of a 7.5-per cent stake, two years after the bank dragged the Spanish financial sector to the brink of disaster. Private investors paid 1.3...
NEW YORK, Mar 1 (AFP): US stocks Friday finished mostly higher with the S&P 500 hitting a new record peak, even as the tech-rich Nasdaq Composite Index declined on profit taking. The Dow Jones Industrial Average rose 49.06 points (0.30...
LONDON, Mar 1 (AFP): Police arrested 110 people in Spain, Britain, Serbia and the United States over a massive scam that tricked people into buying millions of pounds (euros, dollars) of worthless shares, British police said Friday. Spanish and British...
TOKYO, Mar 1 (Reuters): Japan's public pension fund, the world's largest, reported a 4.73 per cent return on investments in the October-December quarter, thanks to gains in Japanese stocks and an increase in the value of its foreign assets due...
LONDON, Mar 1 (AFP): Europe's main stock markets closed stable or moderately higher on Friday, while Ukraine's under-pressure currency, the hryvnia, firmed on the promise of IMF financial help. Traders closing shop for the weekend opted for prudent optimism, taking...
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...
Shamsul Huda | 2014-03-02 00:00:00
With a view to reducing the present level of harmful caffeine in the carbonated beverages and energy drinks, Bangladesh Standards and Testing Institution (BSTI) has taken a move. A BSTI source told the FE, "We have proposed the government to...
NEW DELHI, Mar 1 (AFP): India's economy grew by a sluggish 4.7 per cent in the last quarter of 2013, data showed Friday, marking more bad news for the ruling Congress party ahead of looming elections. The 4.7 per cent...
FE Report | 2014-03-02 00:00:00
Poultry sector insiders expressed their grave concern at a programme Saturday over the slow progress in the experimental avian influenza vaccination programme that was extended to ten districts recently. They said after attaining success in two districts, the programme has...
NEW YORK, Mar 1 (AFP): US banking giant Citigroup Friday disclosed that a Mexican subsidiary had been duped by fraud, resulting in a cut of an estimated $235 million from its most recent earnings report. A Citi review determined that...
FE Report | 2014-03-02 00:00:00
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) testing laboratory has obtained certificate recently of Indian National Accreditation Board for Testing and Calibration Laboratories (NABL) for chemical and mechanical parameter test. According to a press statement sent on Saturday, the BGMEA...
LONDON, Mar 1 (AFP): International Airlines Group (IAG) soared back into net profit in 2013 on a strong performance from its British Airways unit and from recently-acquired Spanish budget carrier Vueling, it said Friday. Profits after tax stood at 122...
NEW DELHI, Mar 1 (PTI): Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported a marginal decline in total sales at 1,09,104 units in February, against 1,09,567 units in the same month last year. The company said its domestic...
LISBON, Mar 1 (AFP): Portugal's government on Friday hoisted its forecast for economic growth this year to 1.2 per cent from the 0.8 per cent it had previously given. "This new estimate is a lot better than what was predicted...
LONDON, Mar 1 (AFP): Ukraine's hryvnia currency rebounded on Friday from record dollar lows after Kiev reached out to the IMF for emergency aid amid simmering international tensions. The Ukrainian crisis weighed on many European stock markets, which were balancing...
Badrul Ahsan | 2014-03-02 00:00:00
The Export Promotion Bureau (EPB) has re-introduced the One District One Product (ODOP) scheme, with a view to generating scope of employment and boosting export earnings of the country, officials said. They said promoting at least one product would also...
FE Report | 2014-03-02 00:00:00
Terming unemployment a social problem, experts at a discussion urged the government Saturday to take special programmes for creating more job opportunities for boosting business and economic growth. They said three in every four youths go without a job every...
Stressing the need for fostering development of cost effective green technologies, Bangladesh Bank Governor Dr Atiur Rahman suggested banks and financial institutions (FIs) move forward with research and development for exploring appropriate technologies, techniques and new green products, reports BSS....
Shah Alam Nur | 2014-03-02 00:00:00
Some airlines - both local and foreign ones -- have been cutting the number of their international flights following a drastic fall in Bangladesh's manpower export over the months, the sector insiders said. The airlines had been doing good business...
BEIJING, Mar 1 (AFP) : China's manufacturing growth fell to an eight-month low in February, government figures showed on Saturday, reflecting further weakening in the world's second-largest economy but also the effect of a major holiday. The purchasing managers' index...
LONDON, Mar 1 (AFP) : Commodity prices diverged this week as traders tracked concerns over US economic growth, which boosted gold futures, and drought conditions in Brazil that again lifted coffee and sugar. The US economy grew more slowly late...
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