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Photo: LankaBangla Finance Limited (LBFL)

2014-01-28 00:00:00

Photo: The Annual Business Conference 2014 of Jamuna Bank Limited

2014-01-28 00:00:00

Photo: AFGHANISTAN: An Afghan child weaves a carpet

2014-01-28 00:00:00

Move to resume frozen foods export to Russia

Sonia H Moni | 2014-01-28 00:00:00

The government has taken a move to resume export of frozen foods to the Russian market where exports have remained suspended for more than two months, officials said. Russia, one of the potential markets for Bangladesh's frozen foods, has put...

Ctg Artha Rin Adalat languishes due to lack of judge

FE Report | 2014-01-28 00:00:00

The activities of the Artha Rin Adalat in Chittagong are being hampered in absence of its judge, Bangladesh Human Rights Foundation (BHRF)'s Chittagong Chapter said Monday. Artha Rin cases involving several billions of Taka remain pending at the court due...

WB to invest $1.0b in Myanmar power sector

2014-01-28 00:00:00

NAY PYI TAW, Jan 27 (Xinhua): World Bank (WB) is seeking to invest US$1.0 billion in Myanmar's power sector including generation, transmission and distribution over the next five years, said Jim Yong Kim, WB President, on Monday. Kim made the...

Spain announces record tourism earnings in 2013

2014-01-28 00:00:00

MADRID, Jan 27 (AFP): Spain announced Monday it raked in a record 59 billion euros ($81 billion) from foreign tourists in 2013, luring an unprecedented number of visitors of whom many splurged more holiday cash. Foreign tourists in Spain boosted...

LG Electronics Q4 profit doubles

2014-01-28 00:00:00

SEOUL, Jan 27 (Reuters): LG Electronics Inc beat analyst estimates by doubling its fourth-quarter profit, as heavy promotional activity in the US's Black Friday shopping season lifted TV sales, offsetting a small loss at its mobile arm. Operating profit totalled...

exchange rate

2014-01-28 00:00:00

Photo: A Business Development Conference of Union Bank

2014-01-28 00:00:00

Photo: Rapport Bangladesh

2014-01-28 00:00:00

Photo: MOSCOW: This combination of two file pictures taken in central Moscow showing a woman standing under a board

2014-01-28 00:00:00

German business confidence starts year with a boost

2014-01-28 00:00:00

BERLIN,  Jan 27 (AFP) : German business confidence rose sharply in December, data showed on Monday, with a surprisingly strong boost suggesting a sunny outlook in Europe's biggest economy. The upbeat assessment points to general satisfaction with the direction of...

Oil prices mixed ahead of Fed policy meeting

2014-01-28 00:00:00

SINGAPORE, Jan 27 (AFP) : Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback. New York's main contract, West Texas Intermediate (WTI) for...

Rupee falls 18 paise against dollar in early trade

2014-01-28 00:00:00

Mumbai, Jan 27 (PTI):  The rupee Monday depreciated by 18 paise to 62.84 a dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against major currencies overseas. Increased month-end demand for the...

Samsung, Google sign patent-sharing deal

2014-01-28 00:00:00

SEOUL, Jan 27 (AFP) :  Samsung said Monday it had signed a long-term cross-licence deal with Google in a move to help the South Korean technology firm stave off potential patent disputes in the future. The move comes as the...

Global Commodity Prices

2014-01-28 00:00:00

Photo: LONDON: Britain\\\'s Prime Minister David Cameron

2014-01-28 00:00:00

Japan trade deficit hits record high in 2013

2014-01-28 00:00:00

TOKYO, Jan 27 (AFP) : Japan's trade deficit swelled to a record $112 billion in 2013, official data showed Monday, as the benefits of a cheap yen for exports were diluted by soaring post-Fukushima energy bills. The shortfall of 11.47...

Google to buy artificial intelligence company DeepMind

2014-01-28 00:00:00

LONDON, Jan 27 (AFP) :  Google said on Monday that it had agreed to buy British artificial intelligence start-up company DeepMind for an undisclosed amount. "I can confirm that the acquisition has indeed gone ahead but unfortunately we are not...

28 new N-power units to be built in Russia by 2030

2014-01-28 00:00:00

Twenty eight new nuclear power units will be built in Russia before 2030. Russia's President Vladimir Putin disclosed the plan during a meeting with the students of a university in Moscow recently, according to a statement. "In Russia's energy mix,...

Huawei procures $3.4b from Europe in 2013

2014-01-28 00:00:00

Huawei, a leading global information and communications technology (ICT) solutions provider, procured US$3.4 billion worth of components, engineering services, and logistical services from Europe. Huawei recently  released  the procurement amount from Europe, 2013,  at the World Economic Forum Annual Meeting...

Moody’s cuts Sony’s credit rating to junk

2014-01-28 00:00:00

TOKYO, Jan 27 (AFP) :  Moody's cut its credit rating on Sony to junk on Monday, saying the Japanese electronics giant had more work to do in repairing its battered balance sheet. The international ratings agency lowered its view of...

Profit-taking pulls down stocks

FE Report | 2014-01-28 00:00:00

Stocks faced slight correction Monday after fourth consecutive sessions winning streak with turnover dropped significantly as investors booked marginal profit, particularly in large cap stocks. The prime index of the Dhaka Stock Exchange (DSE) --- DSEX- went down by 6.75...

IDLC to finance dry dock project at Chittagong

FE Report | 2014-01-28 00:00:00

Karnafuly Ship Builders Limited has recently mandated IDLC Finance Limited as Lead Arranger and Agent to arrange USD 105.00 million Term Loan Finance to set up a Dry Dock project at Badalpura, Anwara, Chittagong. This project is expected to cost...

CSE to launch IPO index

FE Report | 2014-01-28 00:00:00

The Chittagong Stock Exchange (CSE) is going to introduce the IPO (initial public offering) index in a bid to help investors in observing the performance of newly listed companies for a certain period, officials said. The port city bourse is...

Chartered Secretary course held

FE Report | 2014-01-28 00:00:00

The Orientation Program of the 33rd Batch of Chartered Secretary Course of ICSB was held recently at BIAM Auditorium, New Eskaton, Dhaka. As many as 200 students who have been admitted in the regular course of Chartered Secretary for the...

News Brief

2014-01-28 00:00:00

New UCB EC chairman Mr. Anisuzzaman Chowdhury Ronny was unanimously elected as Chairman of Executive Committee of United Commercial Bank Limited in the Board meeting held Sunday. He is the son of veteran politician, one of the founding Directors of...

Photo: (from left) Shahjalal Islami Bank Ltd, Bangladesh Industrial Finance Company Ltd and Banglalink officials (extreme right)

2014-01-28 00:00:00

Sensex falls 426 points

2014-01-28 00:00:00

MUMBAI, Jan 27 (Reuters): The BSE Sensex slumped more than 2 per cent on Monday, marking their biggest daily fall since September 3 as a rout in emerging markets hit blue chips, while lenders were hurt further by caution ahead...