DHAKA: The International Monetary Fund has cuts its economic growth forecasts for the eurozone in the wake of the UK’s vote to leave the European Union. The eurozone is expected to grow by 1.6% this year and 1.4% in 2017. Before the referendum the IMF had predicted growth of 1.7% for

DHAKA: Consumer confidence has seen its sharpest drop in 21 years after the UK vote to leave the EU, a survey suggests. The market research firm GfK conducted a one-off online survey of 2,000 people after the result was known, reports the BBC. Its confidence index fell by eight

DHAKA: Japanese stocks ended lower as investors took a cautious approach ahead of the latest US jobs figures. The unemployment figures, due out later, are seen as one of the main factors affecting the timing of any rate rise by the US Federal Reserve. US companies are expected to

DHAKA: The pound continues to hover around 31-year lows in Asian trading as more UK property funds look to stem withdrawals in the wake of Brexit. However, the Japanese yen is rising for a third day against the dollar as investors buy into the currency, seen as a safe haven for their

DHAKA: Global stock markets have fallen and the pound has hit a fresh 31-year low as worries over the UK’s vote to leave the EU continue to rattle markets. The UK’s FTSE 100 share index was down 1.6% in afternoon trade, while US stocks opened lower on Wall Street, reports the BBC.

DHAKA: The pound has hit a new low in Asian trading as concerns about the UK’s vote to leave the European Union continue to weigh on investor confidence. It touched 1.2798 against the dollar on Wednesday, a 31-year low, before recovering slightly to $1.2963, reports the BBC. The

DHAKA: Former Italian Prime Minister Silvio Berlusconi says he has sold the soccer club AC Milan to a Chinese consortium. Berlusconi, who owns the Serie A team, made the remarks to local newspapers on Tuesday (July 5). He said they will be paying at least €400m (£220m) over the

HILI (DINAJPUR): The Hili land port will remain closed from Tuesday (July 5) for five days on the occasion of Eid-ul-Fitr. Import and export activities will remain open on Sunday (July 10). Bangla Hili Customs CnF agent association secretary Shahinur Islam said that they have taken

DHAKA: Growth in the key UK service sector slowed last month, according to a closely-watched survey. The purchasing managers’ index (PMI) for the sector from Markit/CIPS fell from 53.5 in May to 52.3 in June. This matched April’s figure, which was the lowest since February 2013.

DHAKA: UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests. The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote. The figure jumped from 25 percent the week

DHAKA: Wall Street closed higher for the fourth day running, as the major indexes continued to recover from last week’s UK vote to leave the EU. The Dow Jones rose 0.1%, to 17,949.37, reports the BBC. The broader based S&P 500 added 0.2% rising to 2,102.95, while the Nasdaq gained

DHAKA: The European Union’s top trade official says the UK cannot begin negotiating terms for doing business with the bloc until after it has left. “First you exit then you negotiate,” Cecilia Malmstrom told BBC Newsnight. After Brexit, the UK would become a “third

DHAKA: IFC, a member of the World Bank Group, is partnering with two global leading apparel companies BestSeller and GAP Inc. to catalyze the uptake of sustainable industrial practices in their supplier factories in Bangladesh. The project will be carried out by IFC’s Bangladesh

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (May 29), the last trading day of the week. DSEX, the prime index of DSE, gained over 37.31 points or 0.83 percent to stand at

DHAKA: Singapore’s third largest lender UOB says it has suspended its loan program for London properties. The decision comes in response to uncertainty caused by the UK’s decision to leave the EU, the bank said, reports the BBC. The vote on 23 June caused global market turmoil

DHAKA: Fresh concerns have emerged over the future of Tata Steel’s UK assets, which include the huge Port Talbot works. It is understood that the Indian owners of the plant fear that the current UK political uncertainty could derail efforts linked to the planned sale, reports the

DHAKA: Japanese stocks have seen their fourth consecutive day of gains, in line with global markets shaking off concerns after the UK’s vote to leave the EU. In the wake of the UK referendum last Friday, global stocks had tumbled, reports the BBC. Yet, Japan’s benchmark Nikkei

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share prices indices on Thursday (May 29), the last trading day of the week. DSEX, the prime index of DSE, gained over 15.22 points or 0.34 percent to

‘How ridiculous and callous they are!’ an aggravated customer at Hotel Westin in Dhaka was telling. He was buying costly Palestinian Medjoul Dates from the hotel shop and found that the hotel men wrote `Deats’ instead of `Dates’ in the price tag. Immediately the person, a

DHAKA: UK shares and the pound have continued to regain some of the ground lost in the wake of the Brexit vote. The FTSE 100 share index was up 2.4% at 6,287.28, after rising 2.6% on Tuesday. The pound rose 1.2% against the dollar to about $1.35, although sterling still remains well