DETROIT, Sept 23 (AP): Negotiators in lengthy contract talks between General Motors Corp and the United Auto Workers were due to return to the table Sunday amid optimism that they were close to a settlement.Two people who have been briefed...
WUHU, China, Sept 23 (AFP): China's Chery Auto sales vice president Jin Yibo remembers when the roof in the president's office had a leak so big that they had to put out buckets to collect the water. "Those were tough...
DUBAI, Sep 23 (PTI): The surge of Indian rupee against the Qatari riyal is hitting remittances by Indians in the Gulf country hard as they have to shell out more riyals to buy the Indian currency. The rupee's rise against...
SOCHI, Russia, Sept 23 (AFP): French businessmen complained yesterday about the numerous legal and operational difficulties faced by foreign investors in Russia at an economic forum in the southern resort of Sochi. Investors said they had confidence in Russia's economic...
LONDON, Sept 23 (AFP): Crude oil prices surged to all- time highs this week, striking a record peak of 84.10 dollars a barrel in New York owing to heightened concerns over tight supplies in the United States. Brent crude reached...
FE Report ACI Pure Flour Limited and Expressions Limited recently signed a brand promotion agreement. ACI Pure Flour Limited Director Syed Alamgir and Expressions Limited Managing Director Ramendu Majumdar signed the deal on behalf of their respective sides at the...
HONG KONG, Sept 23 (AFP): Asian currencies ended the week mostly higher against the dollar after the US Federal Reserve cut interest rates to try to limit the fallout from credit market distress and a severe housing downturn. JAPANESE YEN:...
Dubai, Sep 23 (PTI): India has launched a major drive to step up exports of agricultural and processed food products to the Gulf countries and attract investment in the sector. The six Gulf Cooperation Council (GCC) countries offer huge potential...
FE ReportDelta Life Insurance Company Limited (DLICL) has recently purchased a plot of land measuring 31.09 decimal for constructing its own building at Bogra town.DLICL Managing Director Das Deba Prashad and the lan owners signed the sale deed on behalf...
JAGATSINGHPUR, India, Sept 23 (AFP): Indian farmer Ranjan Mohanty is one of the few people in his poor village who backs South Korean steel giant POSCO's plans to build a mega- plant here, but that support has cost him dearly....
Our CorrespondentNILPHMARI, Sept 23: The government is being deprived of huge revenue earning from stone extraction in the district, as there are no specific rules and regulations of revenue collection for extracting stone, sources said.According to the sources, there is...
FE Report Southeast Bank Limited (SEBL) organised a certificate awarding ceremony of six-day foundation training on general banking for the trainee cash officers of the bank at its training institute in the city recently. SEBL Deputy Managing Director MA Muhith...
FE ReportGrameenphone Ltd has recently crossed the 15 million mobile phone subscriber mark. The company has also signed a Tk 2.0 billion (200 crore) loan agreement with a consortium of local banks.Grameenphone signed the syndicated loan agreement with 16 local...
Our CorrespondentCHITTAGONG, Sept 23: Chittagong Chamber of Commerce and Industry (CCCI) president sent a fax message to Chief Adviser Fakhruddin Ahmad Saturday hailing the decision of launching 'Open Sky System' at the three international airports of the country.The decision was...
FE ReportAn 8-day long training course on "International Trade & Foreign Exchange" organised by the Dutch-Bangla Bangla Bank Limited began Saturday for the desk level officers of import and export section of branches. Managing Director of the bank Md Yeasin...
JOYPURHAT, Sept 22 (BSS): Eight district branches of Sonali Bank in Joypurhat would disburse over Tk 49.60 million (4.96 crore) as agriculture and other loans during the current fiscal.The sectors that would draw the loans are: Tk 27.60 million (2.76...
FE Report Islami Bank Bangladesh Limited (IBBL) and United Exchange of Canada recently signed an agreement on instant cash service at the head office of United Exchange in Canada. IBBL Deputy Executive President and its Head of International Banking Wing...
FE Report National Bank Limited (NBL) and International Leasing and Financial Services Limited (ILFSL) signed a credit line agreement at the NBL head office in the city recently. NBL Managing Director (Current Charge) Md Abdur Rahman Sarker and ILFSL Managing...
FE ReportThe government borrowed Tk 7.00 billion (700 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 7.00 billion from the market in the week.The central bank conducted auctions of 28-day and 91-day bills on...
SINGAPORE, Sept 23 (Bloomberg): Asian stocks rose this week after the US Federal Reserve cut its benchmark lending rate by half a per centage point to bolster growth in the world's largest economy. Nintendo Co., the No. 1 maker of...
LONDON, Sept 23 (Bloomberg): European stocks gained this week after the Federal Reserve lowered its benchmark lending rate more than economists predicted to keep the world's largest economy growing. BHP Billiton Ltd. and BP Plc paced gains by mining and...
FE ReportMA Motalib Chowdhury has been appointed General Manger (GM) of Investment Corporation of Bangladesh (ICB). Prior to joining ICB, he was GM of Agrani Bank. He had served the ICB for 23 years in different positions. He also served...
FE ReportThe Investment Corporation of Bangladesh (ICB) announced the net asset value (NAV) of eight ICB mutual funds on the basis of market value of the portfolios as on August 31 last.The NAV of the First ICB Mutual Fund certificates...
FE ReportInternational Finance Investrnent and Commerce Bank Ltd (IFIC Bank) signed an agreement with Central Depository Bangladesh Ltd (CDBL) in the city recently.The agreement provides for the dematerialisation of IFIC Bank shares traded in the stock exchange through the central...
FE Report Niva Majumder has been promoted to the post of General Manager (GM) of Bangladesh Shilpa Rin Sangstha (BSRS). Prior to her present assignment, she was its deputy general manager.Before joining BSRS in 1978, Niva worked with the Bangladesh...
Message from CSEAll investors are requested to make their investment decision on the basis of financial strength of the companies, not on the basis of rumour.Purchase/ sale of director's sharesEastland Ins: Moazzem Hossain, one of the sponsors/directors of Eastland Insurance...
COLOMBO, Sept 23 (AFP): Sri Lanka offered Sunday to halt major military operations against Tamil separatists in exchange for peace talks following intense international censure. The military will not press ahead with a ground offensive if the Tigers agree to...
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