Forhad Mohammed MasumNOT long ago financial institutions gave no importance to small loans. Bigger loans got the priority. It suited the expansion of a bank's business. Bankers found it easier to swell profit targets by disbursing big loans. This was...
HONG KONG, Mar 25 (Agencies): Asian stock markets floundered Thursday as worries about debt-saddled European countries and disappointing company earnings undermined sentiment. European shares traded modestly higher. The mediocre trade in Asia followed overnight losses in US markets. The euro...
KARACHI, Mar 25 (Business Recorder): Healthy buying was witnessed at the Karachi share market Wednesday on the back of both local and foreign investors' support and the KSE-100 index crossed 10,000 points mark. After opening in positive the index closed...
NEW DELHI, Mar 25 (PTI): ArcelorMittal today said it has acquired another 4.9 per cent stake in steel maker Uttam Galva for an estimated Rs 750-800 million, taking the total shareholding in the domestic firm to 33.8 per cent. "We...
MUMBAI, Mar 25 (Economic Times): More and more individual savers are preferring the government's small savings schemes to bank deposits, a trend that could make it difficult for banks to meet their business targets. According to projections made by the...
MUMBAI, Mar 25 (Economic Times): A slew of mid-sized companies are gearing up to tap the equity market in the near term, piggy-backing on the prevailing feel-good factor in the market. This rush to raise capital may also see some...
HOUSTON, Mar 25 (Reuters): ConocoPhillips said it plans to sell half of its 20 per cent equity stake in Russian oil major LUKOIL in the open market, divest some assets and reduce refining capacity as part of a two-year plan...
MUMBAI, Mar 25 (Business Standard): The markets have been bereft of any activity in the afternoon session. The Sensex is now quoting at 17423, lower by 27 points and the Nifty is at 5218, down six points. The mid-cap and...
SINGAPORE, March 25 (AFP): Oil prices extended losses in Asian trade today on US demand worries after a government inventory report showed a surge in crude stocks in the world's largest energy consumer, analysts said. New York's main contract, light...
MOSCOW, Dec 25 (AFP): Prime Minister Vladimir Putin yesterday said Russia and Qatar, both major producers of natural gas, should coordinate their efforts as the two nations seek to invest in each other's projects. "It's very important for us to...
SEOUL, March 25 (AFP): South Korea's LG Electronics said today it aims to secure a 25 per cent share this year of the world's fast-growing 3D television market. The company announced its target after unveiling what it called the world's...
FRANKFURT, March 25 (AFP): Germany consumer sentiment has stabilised after a five-month slide, helped by government efforts to limit the damage from the global economic crisis on employment, the GfK research group said Thursday. GfK said its consumer confidence index...
The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction ThursdaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550094.1383104.58580.776266.053468.736164.1591Agrani Bank69.550093.9560104.56670.778665.961468.664163.9260FCBsStanChartNANANANANANANAHSBC 69.585595.8346106.59600.793166.375868.709764.5080Citibank naNANANANANANANABank of Ceylon69.590096.2177106.55180.799867.191369.223166.6394PCBsUttara Bank69.550094.4450104.74710.783565.775868.732864.1153AB Bank69.600095.2436105.65420.7873NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.600091.9217102.60170.749964.472567.102862.6190Agrani Bank68.600092.0425102.65000.747764.433667.156862.8199FCBsStanChartNANANANANANANAHSBC...
WASHINGTON, March 25 (AFP): The United States and Pakistan pledged Wednesday to build a new spirit of trust after years of mutual recriminations, with Islamabad's top diplomat saying that US suspicions have now evaporated. But officials from the former Cold...
BOGOTÁ, (Colombia), Mar 24 (Reuters): A car bomb exploded in the Colombian port city of Buenaventura Wednesday, killing at least six people and wounding more than 30 in an attack the military said it suspected was carried out by FARC...
BANGKOK, Mar 24 (AFP): Thailand upgraded security measures Thursday after two more blasts hit government buildings, the latest in a string of minor attacks since anti-government protests erupted this month.The rallies mounted by red-shirted supporters of ousted premier Thaksin Shinawatra...
US fails to convince Israel on housing disputeWASHINGTON, Mar 25 : With Israeli officials saying that construction on a contentious Jewish housing project in East Jerusalem could begin at any time, President Obama seemed to have failed Wednesday to persuade...
FE ReportPrime Bank will open its own exchange houses in three UK cities next month, the bank authority revealed Thursday. "Our exchange houses in three major UK cities, namely- London, Birmingham and Manchester would commence their operation in April", Prime...
Standard Chartered Bank and Transcom Electronics Limited recently signed an agreement for issuing Privilege Card.Under this agreement, Transcom Electronics will issue Standard Chartered Visa-branded Privilege Card to their customers when they make purchase of certain amount. Later on, with every...
FE ReportThe 759th meeting of the board of directors of Pubali Bank Ltd was held at its head office in the city Tuesday, said a press release. Hafiz Ahmed Mazumder MP, chairman of the board of directors of the bank,...
The shareholders of National Bank Ltd Thursday approved 55 per cent bonus shares for the year ended 31st December, 2009.The approval came at the 27th Annual General Meeting of the bank held at Bangabandhu International Conference Centre in the city.Moazzem...
Mohammad MufazzalThe long delay in holding hearing on the writ petition of United Commercial Bank Limited (UCBL) has left thousands of investors in deep trouble, as they cannot get back their investment in absence of a final decision from the...
FE ReportDutch-Bangla Bank Ltd (DBBL) has approvev bonus share at the rate of 33.33 per cent--one bonus share for existing every three ordinary shares of Tk 100 each- for its shareholders for the year 2009.The approval came at the 14th...
FE Report BRAC Bank Limited has approved 30 per cent stock dividend (Bonus Share) for the year ended 31st December, 2009.The approval came at the 11th Annual General Meeting (AGM) of the bank held in the city Thursday. The Chairman...
Hans Vestberg, CEO of Ericsson said broadband will be key in solving global challenges such as poverty, climate change and the economic crisis. "2010 marks the tenth anniversary of the Millennium Development Goals (MDG's). With 5 years to go, the...
M Azizur RahmanThe government is weighing up a cut in duties and taxes on import of liquefied petroleum gas (LPG) and cylinders to boost import and expansion of its use to alleviate the mounting gas crisis, officials said Tuesday.The energy...
ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Values (NAV) of its two unit funds, according to a press release.ICB AMCL Unit Fund: The total NAV of ICB AMCL...
FE ReportHousing developers demanded to scrap the criminal offence provision from the proposed Private Real Estate Development and Management Act-2009 in a bid to protect the fast growing industry."We're not against the law. We want a balanced law, which will...
Shuvo Motor Company has been appointed the sole distributor of Panther brand tractors, manufactured by Harig India (Pvt) Ltd, said a press release. An agreement to this effect was signed between the two organisations at the UCBL head office in...
CHITTAGONG, Mar 25 (UNB): The 2nd version of the Port City League (PCL) T20 Bashundhara Cup begins today (Friday) in the popular desert cricket venue of Sharjah Stadium. Chittagong Mohammedan SC will take on Top Sports Noakhali at 5:00 pm...
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