FE ReportThe country's apex trade body Monday requested Malaysian businessmen to invest in ICT, healthcare and tourism to help expand trade between Dhaka and Kula Lumpur. Jashim Uddin, first vice president of Federation of Bangladesh Chambers of Commerce and Industry...
FE Report Bangladeshis working abroad remitted over US$1.0 billion in March this year--- the highest ever monthly inflow following crisis in the Middle East countries, officials said. "Panicky situation in different Middle East countries has pushed up the flow of...
Our CorrespondentCHITTAGONG, Apr 4: Indian High Commissioner to Bangladesh Rajeet Mitter here today said that draft modalities for the use of Chittagong and Mongla ports by India are under discussion. A joint preliminary survey has also been completed for a...
Anwar Ali Khan has been promoted to the post of general manager (GM) of Bangladesh Krishi Bank (BKB) recently. Earlier he was a DGM (Information and Technology Department) of the same bank. Mr Khan started his career as a senior...
Emirates, the airline of choice for Bangladeshis, is offering new Umrah fares to Jeddah and Medina. Dhaka-Dubai-JeddahMedina-Dubai-Dhaka Umrah fare is US$750.00 from March 17 to June 20 and US$890 from June 21 to August 30. Emirates operates its state-of-the-art superjumbo...
TOKYO, April 4 (AFP): Japanese business confidence in the outlook for the next three months has plunged following the March 11 earthquake-tsunami and subsequent nuclear crisis, the Bank of Japan (BoJ) said Monday. The central bank re-released last Friday's quarterly...
As of the end of March, the country's foreign reserves stood at 298.62 billion US dollars, up 950 million dollars from 297.67 billion dollars the previous month, the Bank of Korea (BoK) said in a monthly report. The March reading...
FRANKFURTHANOVER, April 4 (Reuters): Germany has become a net importer of power mainly from France and the Czech republic since its nuclear moratorium, which involves seven old reactors shut for at least three months, utility industry association BDEW said Monday....
LONDON, April 4 (AFP): BP said Monday that it has agreed to sell its ARCO Aluminum unit to a Japanese consortium for $680 million ($421 million) as it seeks to meet the costs of last year's disastrous Gulf of Mexico...
MADRID, April 4 (AFP): The number of Spaniards out of work rose for a third consecutive month in March, up 0.8 per cent from February to 4.33 million, the highest level since records began in 1996, official figures showed Monday....
The TD Securities-Melbourne Institute inflation Gauge, a monthly survey by the investment dealer of TD Securities and the Melbourne Institute of Applied Economic and Social Research, rose 0.6 per cent in March, following a 0.2-per cent rise in February and...
Price of 155 Issues appreciated whereas 94 Issues declined and 8 issues remained unchanged.Events: Steep rise at the first and final hour of the trading session and flat movement at the rest of the trading session posted moderate gain for...
COLOMBO, April 4 (LBO): Sri Lanka plans to have a separate terminal for domestic airline operators at its international airport in Katunayake, north of Colombo, an airports official said. Johanne Jayaratne, executive director of Airports and Aviation Services (Sri Lanka),...
NEW DELHI, April 4 (Reuters): Indian power equipment maker expects order inflows to rise 10 per cent in the new fiscal year that began on April 1, its chairman said Monday. BP Rao also told reporters the company plans to...
HONG KONG, April 4 (Bloomberg): Citigroup Inc may invest as much as $2 billion in its Asian consumer banking unit in the next three years as the US lender overhauls branches and boosts service offerings to the region's growing middle...
NEW DELHI, April 4 (The Economic Times): The country's largest carmaker Maruti Suzuki India Monday said it expects its sales growth to moderate to around 15 per cent this fiscal from nearly 25 per cent last fiscal. "We are looking...
MELBOURNE, April 4 (Reuters): Minmetals Resources, China's biggest metals trading firm, Monday offered $6.5 billion to buy Equinox Minerals, chasing the target company's copper assets in Zambia and Saudi Arabia. China, which accounts for 40 per cent of the world's...
CHENNAI, April 4 (The Economic Times): Hinduja group flagship company Ashok Leyland said it is adopting a three-pronged strategy to break into the lists of top 10 global truck manufacturers and top five bus makers in the next 5-10 years....
AMSTERDAM, April 4 (Reuters): Cash-rich Belgian chemicals group Solvay SA is betting on emerging markets with a 3.4 billion euro ($4.8 billion) cash bid for French rival Rhodia SA, ending a year-long hunt for acquisitions. Monday's deal ends Solvay's year-long...
MUMBAI, April 4 (The Economic Times): The country's second largest two-wheeler maker Bajaj Auto Monday said it clocked a 12 per cent jump in sales in March this year to 3,07,738 units from 2,74,277 units in the same month last...
Price of 155 Issues appreciated whereas 94 Issues declined and 8 issues remained unchanged.Events: Steep rise at the first and final hour of the trading session and flat movement at the rest of the trading session posted moderate gain for...
COLOMBO, April 4 (LBO): Sri Lanka plans to have a separate terminal for domestic airline operators at its international airport in Katunayake, north of Colombo, an airports official said. Johanne Jayaratne, executive director of Airports and Aviation Services (Sri Lanka),...
NEW DELHI, April 4 (Reuters): Indian power equipment maker expects order inflows to rise 10 per cent in the new fiscal year that began on April 1, its chairman said Monday. BP Rao also told reporters the company plans to...
LONDON, Apr 4 (AFP): Oil prices closed in on $120 Monday, hitting two-and-a-half-year highs on expectations of higher demand as strong US jobs data offset concerns over Middle East supplies. Brent North Sea crude reached an intra-day high of $119.75...
LONDON, Apr 4 (MarketWatch): The US dollar recovered lost ground Monday, edging slightly higher versus the euro and trading flat against the Japanese yen as investors' appetite for risky assets appeared to wane. Overall activity was subdued, with investors awaiting...
SYDNEY, Apr 4 (AFP): The Australian dollar hit another record high against the greenback Monday, fuelling speculation the central bank will keep interest rates on hold for another month. The Aussie reached US$1.0417 early Monday, its highest level since being...
BEIJING, Apr 4 (Bloomberg): Chinese buyers stopped new orders of scrap steel from Japan and blocked some existing cargoes because of concern over radiation from a crippled nuclear plant, researcher Umetal.com said. China, the second-biggest buyer of scrap metal from...
LONDON, Apr 4 (AFP): The euro hit a five-month high against the dollar Monday as investors moved into the single currency before an expected interest rate hike by the European Central Bank later this week, analysts said. The European single...
SINGAPORE, Apr 4 (Bloomberg): GlaxoSmithKline Plc (GSK) is grappling with a "war for talent" in China and India as the UK drugmaker struggles to retain sales representatives needed to expand in the world's fastest-growing markets. About 20 per cent of...
KUWAIT CITY, April 4 (AFP): OPEC member Kuwait said Monday that oil prices were too high because of unrest in the Middle East and Japan's earthquake. "Although we are enjoying high prices, we would like to see lower prices ......
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