MILAN, May 4 (Reuters): Fiat chief Sergio Marchionne is planning to sell Fiat Industrial, the company's heavy vehicle division, in order to finance a merger with Chrysler, Italian daily La Repubblica reported Wednesday. The newspaper, which did not cite any...
CANBERRA, May 4 (Xinhua): Australian federal government Wednesday formally approved Japanese-owned Chi-X to operate a separate securities exchange in Australia, to increase competition in financial services. Chi-X will be the first foreign-owned stock exchange in Australia, and the entry of...
ISLAMABAD, May 4 (Business Recorder): During Gilani's visit, Pakistan and France are likely to sign a joint declaration on security cooperation and economic partnership. This is Prime Minister Gilani's first official visit to France where he will meet President Nicholas...
COLOMBO, May 4 (LBO): Sri Lankan Airlines, the island's state-run national carrier is boosting its short haul fleet to more closely fit the needs of its regional routes, with four new Airbus A320 aircraft ordered on operating leases, an official...
LONDON, May 4 (AFP): Asia-focused banking group Standard Chartered said Wednesday it had made "an excellent start" to 2011 thanks to strong income growth. "Standard Chartered has enjoyed an excellent start to 2011," the British group's chief executive Peter Sands...
After three consecutive days of retracement the Benchmark General Index DGEN showed signs of reversal as the market gained 1.83%. News in the media that the BD Fund worth BDT 5000 crore will start investing in the market within a...
BERLIN, May 4 (AFP): German luxury car maker BMW announced Wednesday a four-fold increase in net profits for the first quarter and increased its sales forecast for the year. BMW said it made a net profit of 1.2 billion euros...
NEW DELHI, Apr 29 (Commodity Online): A day after India and Pakistan restarted trade talks, both could be poised to test their wheat export records, signalling that nearly eight million tonnes in extra supplies could hit the market, according to...
LONDON, Apr 29 (Reuters): Gold steadied Friday, just shy of fresh record highs and set for its seventh successive weekly gain, driven largely by the decline in the dollar to its lowest in nearly three years. The dollar fell to...
YANGON, Apr 28: Myanmar and China plan to build a railroad together that will link China's landlocked Yunnan province to a deep-sea port being built in Myanmar's Rakhine state. The state-run newspaper New Light of Myanmar reported Thursday the project...
Rain or thundershowers accompanied by temporary gusty or squally wind is likely at a few places over Dhaka, Barisal and Chittagong divisions and at one or two places over Khulna, Rajshahi, Rangpur and Sylhet divisions in next 24 hours till...
Badrul AhsanBangladesh could earn billions of taka by exporting fresh fruits, vegetables and allied products if cargo spaces are adequately maintained, exporters said. "We've the potential to emerge as a major exporter of fruits and vegetables. But air space shortage...
SINGAPORE, May 4 (AFP): Crude was mixed in afternoon Asian trade today because of slumping US demand, with the death of Osama bin Laden also helping temper prices, analysts said. New York's main contract, light sweet crude for delivery in...
BANGKOK, May 4 (Bloomberg): Increased rice supplies from Thailand, the biggest shipper, may help to boost global stockpiles and cap prices, the Food and Agriculture Organization said, mitigating record food costs that have pushed millions more into poverty. "There is...
SINGAPORE, May 4 (Bloomberg): Silver futures dropped, heading for the biggest three-day fall since March 2008, as an increase in margin requirements on the Comex in New York drove investors away. Gold also fell after a report that Soros Fund...
WASHINGTON, May 4 (AFP): Saudi Arabia is unlikely to boost oil production quickly to ease the rise of crude prices, because it needs high prices for its own increased spending, analysts at an international banking think tank said yesterday. After...
LONDON, May 4 (AFP): Asia-focused banking group Standard Chartered said Wednesday it had made "an excellent start" to 2011 thanks to strong income growth. "Standard Chartered has enjoyed an excellent start to 2011," the British group's chief executive Peter Sands...
After three consecutive days of retracement the Benchmark General Index DGEN showed signs of reversal as the market gained 1.83%. News in the media that the BD Fund worth BDT 5000 crore will start investing in the market within a...
BERLIN, May 4 (AFP): German luxury car maker BMW announced Wednesday a four-fold increase in net profits for the first quarter and increased its sales forecast for the year. BMW said it made a net profit of 1.2 billion euros...
NEW DELHI, Apr 29 (Commodity Online): A day after India and Pakistan restarted trade talks, both could be poised to test their wheat export records, signalling that nearly eight million tonnes in extra supplies could hit the market, according to...
LONDON, Apr 29 (Reuters): Gold steadied Friday, just shy of fresh record highs and set for its seventh successive weekly gain, driven largely by the decline in the dollar to its lowest in nearly three years. The dollar fell to...
YANGON, Apr 28: Myanmar and China plan to build a railroad together that will link China's landlocked Yunnan province to a deep-sea port being built in Myanmar's Rakhine state. The state-run newspaper New Light of Myanmar reported Thursday the project...
Rain or thundershowers accompanied by temporary gusty or squally wind is likely at a few places over Dhaka, Barisal and Chittagong divisions and at one or two places over Khulna, Rajshahi, Rangpur and Sylhet divisions in next 24 hours till...
Talha Bin HabibThe government has formed a committee to draft the organogram and service rules of the Probashi Kallyan Bank or Expatriates' Welfare Bank, officials said. Prime Minister Sheikh Hasina opened the bank last month by providing loans to four...
HANOI, May 4 (AFP): Finance ministers from Southeast Asia, Japan, South Korea and China agreed Wednesday to look at ways of increasing the use of their own currencies in trade transactions. "Basically, members... would like to increase the value of...
HANOI, May 4 (AFP): Reducing corruption and improving government accountability are the greatest challenges to making Asia the world's wealthiest region by 2050, the Asian Development Bank said Wednesday. The continent is undergoing a historic transformation, according to a study...
SINGAPORE, May 4 (AFP): The dollar strengthened against the euro in Asia Wednesday as skittish short-term investors took profit ahead of a European Central Bank (ECB) meeting, analysts said. The euro changed hands at $1.4810 in afternoon Asian trade from...
OSLO, May 4 (AFP): Norwegian telecoms operator Telenor reported Wednesday sharply raised profits thanks to growth in its Asian markets, but saw difficulties in two of its most important markets Russia and India. In the first quarter, Telenor posted a...
LONDON, May 4 (AFP): Asia-focused banking group Standard Chartered said Wednesday it had made "an excellent start" to 2011 thanks to strong income growth. "Standard Chartered has enjoyed an excellent start to 2011," the British group's chief executive Peter Sands...
After three consecutive days of retracement the Benchmark General Index DGEN showed signs of reversal as the market gained 1.83%. News in the media that the BD Fund worth BDT 5000 crore will start investing in the market within a...
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