Wednesday, 27 Nov, 2024

Business

Markets see loss at opening

DHAKA: The two share markets of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Tuesday (August 16), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Asia stocks flat after Wall Street record

DHAKA: Asian stocks are trading mixed even though a rally on Wall Street saw US stock indices enter record territory. The Dow Jones Industrial Average and the Nasdaq Composite Index rose to new highs as traders bet central banks will unleash new stimulus measures, reports the BBC.

Japan’s economic growth weaker than forecast

DHAKA: Japan’s economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government. Gross domestic product grew at an annualized rate of 0.2% in the three months to June, below market forecasts for 0.7% and a marked slowdown from

EBL cardholders get discounts at Thyrocare

DHAKA: Eastern Bank Limited (EBL) card members will enjoy 25 percent discount on laboratory tests and 50 percent discount on Home Collection Service Charge at the Thyrocare Bangladesh Limited. EBL Head of Consumer Banking M. Nazeem A. Choudhury and, Thyrocare Bangladesh Limited

Bourses see gain Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Sunday (August 14), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 2.72 points or

US economic data tests market confidence

DHAKA: US markets were mixed on Friday as data on retail spending and producer prices raised questions about the buoyancy of the economy. The Dow Jones was down 37.05 points to 18576.47, while the wider S&P 500 was 1.74 points lower at 2184.05, reports the BBC. The tech-based Nasdaq

China’s economic slowdown deepens

DHAKA: Fresh economic data from China has added to a raft of indicators suggesting the world’s second largest economy remains in the doldrums. Both industrial output and retail sales fell short of expectations for the month of July, reports the BBC. The figures underline China’s

South Africa regains Africa’s ‘biggest economy’ title

DHAKA: South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data. A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar.

South Africa regains Africa’s ‘biggest economy’ title

DHAKA: South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data. A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar.

Oil demand set to slow in 2017

DHAKA: A weaker economic outlook means demand for oil in 2017 is likely to grow at a slower rate than this year, according to the International Energy Agency (IEA). Global demand for oil will grow by 1.2 million barrels per day (bpd) in 2017, down from 1.4 million bpd this year, the

Bourses see gain Thursday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Thursday (August 11), the last trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 5.07points or

Walton registers 45% growths in first half of 2016

DHAKA: The local electronics and electrical home appliances manufacturer ‘Walton’ posted about 45 percent growths in sales of its products during the first half (January to June) of 2016 compared to the turnover of the same period of 2015. In addition, the overall turnover during

KFC told to stop using antibiotics

DHAKA: The company that owns Kentucky Fried Chicken (KFC) is facing new calls to stop using poultry that has been treated with antibiotics. US consumer groups will deliver a petition signed by more than 350,000 people to Yum Brands on Wednesday, the BBC reports. KFC has already

Huawei, Robi brings smartphone bundle offer

DHAKA: Huawei has teamed up with telecom operator Robi to give customers bundle offer on its handsets. On purchase of Huawei GR5, GR5 Mini and Y6II Robi customers will get free 15GB internet, 3000 minute on-net talk time and 900 minute off-net talk time, says a press release issued by

DSE up, CSE down on Wednesday

DHAKA: The Dhaka Stock Exchange (DSE) witnessed gain in share price indices while the Chittagong Stock Exchange (CSE) experienced loss on Wednesday (August 10), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), acquired over 1.59 points or

UK industrial output grows strongly

DHAKA: UK industrial output grew at the fastest rate for 17 years in the April-to-June quarter, official figures show. Industrial output grew 2.1% compared with the first quarter of the year, the Office for National Statistics said, reports the BBC. Despite the quarterly figures

EBL-Rahimafrooz Gastech sign accord

DHAKA: Eastern Bank Ltd (EBL) and Rahimafrooz Gastech Ltd. (RAGT), formerly known as Rahimafrooz CNG Ltd., signed an agreement about Zero percent Installment Plan (ZIP) in Dhaka recently. As a result of the accord, the EBL cardholders will be able to pay their bills to Rahimafrooz

NBL donates Tk.75,00 lac to PM’s Relief Fund

DHAKA: National Bank Limited has donated Tk.75.00 lac to the Prime Minister’s Relief Fund with a view to help the flood victim people of the country under CSR activity of the bank.  Parveen Haque Sikder & Rick Haque Sikder, Directors of National Bank Limited handed over the cheque

Commonwealth Bank posts record profits

DHAKA: Commonwealth Bank of Australia, the country’s biggest lender, has posted a 2% rise in annual profit to a record A$9.2bn ($7.1bn). The results of the biggest bank by market value are closely watched as an indicator of the Australian economy, reports the BBC. Last week the

Sindabad.com inks deal with Bashundhara Group

DHAKA: Bashundhara group, one of country’s leading producers of paper and tissue products signed a pact with sindabad.com, country’s first B2B e-commerce site at the corporate-office of Bashundhara Group. The contact allows offices and factories to purchase regular supplies of