FE ReportBullish sentiment ruled the Dhaka Stock Exchange (DSE) for the second straight week that ended Thursday amid increased participation of the investors. The benchmark DSE General Index (DGEN) closed at 2955.63 with a gain of 41.10 points. The broader...
SINGAPORE, Aug. 5 (Bloomberg): Gold's advance to the highest level in two months may stall before it reaches so-called resistance at $972 an ounce, Commerzbank AG said, citing trading patterns. The resistance level is the 78.6 per cent retracement of...
SHANGHAI, Aug. 5 (Bloomberg): China's stocks fell for the first time in five days, led by commodities producers and banks, on concern the market's recent rally has made the nation's equities too expensive. Jiangxi Copper Co., the nation's largest producer...
FE ReportToshiba's Computer Systems Division (CSD), a division of Toshiba Singapore Pvt Ltd and a leading provider of mobile computing solutions, officially appointed another new distributor to sell its products in Bangladesh.SMART Technologies (BD) Ltd was appointed by Toshiba, top...
There was less demand in this week's sale as Benders/Packeteers were not as active as last week. There was also only a limited interest from the Loose tea buyers. As a result, prices dropped further for practically all varieties. There...
COLOMBO, Aug 5 (PTI): India is taking a major initiative to revive farm sector in the war-torn northern Sri Lanka and a 12-member team of agriculture experts will be visiting the country shortly for the purpose. The team will give...
WASHINGTON, Aug 5 (AFP): A key climate change bill now being considered by US Congress would only modestly raise annual energy costs for families, far less than some industry estimates, a federal study said yesterday. The estimate by the Energy...
The food quality certificate version 'ISO 22000:2005', which was awarded to Dhaka Ice Cream Industries Ltd, was inadvertently printed 'ISO 2200' on page 12 of the FE July 24 issue. The mistake is regretted.
SINGAPORE, Aug 5 (AFP): Oil was modestly higher in Asian trade today ahead of the release of a widely monitored US government report on the country's energy reserves. New York's main contract, light sweet crude for September delivery rose 20...
NEW DELHI, Aug 5 (PTI): Leading steel producers Steel Authority of India Limited (SAIL) and Tata Steel yesterday said they have hiked prices of flat steel products by up to Rs 1,000 a tonne on account of improving demand in...
FE Report"Digitalisation of Bangladesh can be achieved by providing the common people easy access to telecommunication," said Minister for Post and Telecommunications Rajiuddin Ahmed Raju.He was speaking as chief guest at the unveiling ceremony of Warid Telecom's (WT) new logo...
Jasim Uddin Haroon Abdul Monem Limited (AML), the popular Igloo ice cream maker, will be entering into the pharmaceutical sector within the next couple of months with option to manufacture high-end products drugs. AM Pharma has already installed machineries at...
A Hong Kong-France joint venture company named M/S French Fashion Knitting Pvt. Limited will set up a garments accessories manufacturing industry in the Adamjee Export Processing Zone (EPZ), reports BSS.The 100 percent foreign owned company will invest US$ 6.5 million...
FE ReportFurther hearing on the much-talked-about mutual fund (MF) case will take place Monday next, as the High Court (HC) bench of Sayed Mahmud Hossain adjourned the court after hearing the arguments from both of the sides Wednesday. The hearing...
Islami Bank Bangladesh Limited (IBBL) has achieved expected performance in the first seven months of the year.Showing a growth rate of 21 per cent, the total deposit reached Tk 223.81 billion on July 31, 2009 and the total investment reached...
The headline 'PM stresses enhancing Dhaka-Delhi trade' on page 9 of the Wednesday's FE issue should read 'PM stresses enhancing Dhaka-Islamabad trade'. The inadvertent mistake is regretted.
Standard Chartered Bank has arranged a syndicated term loan of Tk 1.3 billion (1,300 million) for ACME Specialised Pharmaceuticals Limited. The facility is aimed to finance the setting up of another pharmaceutical factory by ACME group for taking the pharmaceutical...
Fisheries and Livestock Minister Abdul Latif Biswas Wednesday said fish production could be increased by 10 times if 2.8 million hectares of floodplains of the country are brought under the planned pisciculture. He said this at the closing ceremony of...
FE Report Call money rate remained stable Wednesday while the US dollar was unchanged against the local currency in the inter-bank market, treasury officials said. The call rate ranged between 0.10 per cent and 3.25 per cent on the day,...
Grameenphone Limited hosted its 'Annual Customer Night 2009' at a city hotel Tuesday. The gala evening was organised to recognise the GP's corporate customers.Most of the guests were members of the company's corporate package 'Business Solutions', which was the first...
LOS ANGELES, Aug 5 (AFP): Chinese standouts Zheng Jie and Li Na advanced Tuesday at the 700,000-dollar WTA Los Angeles Championship but it was Peng Shuai who provided China's most exciting performance even in defeat. Russian second seed Vera Zvonareva...
WASHINGTON, Aug 5 (AFP): India's Somdev Devvarman took the greatest victory of his life by shocking sixth seed Marin Cilic while defending champion Juan Martin Del Potro struggled to advance Tuesday at the Washington Classic. Devvarman avenged a Chennai finals...
Heightened security measures will be in place for the fourth Ashes Test at Headingley this week.The venue has received criticism in recent years due to drunken elements posing a significant problem. When England played South Africa last year, 81 people...
Spain midfielder Xabi Alonso was set to have a medical at Real Madrid on Wednesday ahead of a proposed £30m move from Liverpool.The Reds revealed Tuesday night a deal had been struck but added the terms would remain confidential. The...
The 2nd National Lube Open Table Tennis Competition begins in the city today (Thursday), reports UNB.State Finister for sports Ahad Ali Sarkar will inaugurate the six-day meet organised by Engineering Recreation Centre in association with Bangladesh Table Tennis Federation. Some...
SAN FRANCISCO, Aug 5 (AFP): Brazilian star Marta and England's Kelly Smith were among the Women's Professional Soccer All-Star 11 named Tuesday to face Swedish champions Umea IK in the US league's All-Star Game on August 30. Four Americans and...
Saiful KaiserWhile Younis Khan blamed the bowling and fielding for their loss in the third ODI and with it the series, detractors insist that they could have scored at least 30 more runs. These people do not agree that the...
TEHRAN, August 5 (Reuters): Iranian President Mahmoud Ahmadinejad was sworn in for a second term Wednesday, vowing more defiance of the West at a ceremony boycotted by his rivals, as riot police broke up opposition protests.The 52-year-old hardliner took the...
PESHAWAR, August 5 (Reuters): The wife of Pakistani Taliban chief Baitullah Mehsud was killed on Wednesday in a missile strike by a suspected U.S. drone in the South Waziristan tribal region, a relative told Reuters.It was uncertain whether Mehsud was...
Former US President Bill Clinton has left North Korea with two US reporters whose release he has helped to secure, reports BBC.His spokesman said they were flying to Los Angeles where the journalists would be reunited with their families.North Korean...
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