Thursday, 28 Nov, 2024

Business

20 foreigners identified in reserve heist

DHAKA: Crime Investigation Department (CID) said that 20 foreigners were identified in relation with Bangladesh Bank reserve heist. Additional deputy inspector general (DIG) of the sect Shah Alam made this disclosure at a press briefing in CID office in city on Monday (April 18). He

Bourses witnessing gain amid choppy trading

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessing gain in share price indices in the early hours of trading on Monday (April 18), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Oil slump drags down Asian markets

DHAKA: Asian markets suffered a lower start after a meeting of oil producers ended without a deal on output cuts. Japan's benchmark Nikkei 225 index had fallen by 3% at the lunch break to 16,344.09, while in South Korea the Kospi was down by 0.4% to 2,006.23. In Australia the

Doha oil meeting ends without agreement

DHAKA: A meeting of the world’s leading oil exporters to discuss capping production has ended without agreement. After hours of talks in Qatar, the country’s energy minister Mohammed bin Saleh al-Sada said that the oil producers needed “more time”. Most members of the Opec

Air Arabia offers tour package

DHAKA: Air Arabia, the award winning budget airline of Middle East and the National Carrier of Sharjah, has brought offers of lucrative package to travel several countries of Europe, Africa and Asia. The places include Istanbul of Turkey, Moscow of Russia, Kiev of Ukraine, Cairo,

Khulna WASA bills now payable through GP BillPay

DHAKA: Grameenphone (GP) has signed a contract with Khulna Water Supply and Sewerage Authority (KWASA) to collect water bills.   The contract was signed by Erwan Jean Alexandre Gelebart, Head of Financial Services of Grameenphone and Md. Abdulla, Managing Director of KWASA at Hotel

Bourses witness loss Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Sunday (April 17), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 15.29 points or

US industrial production slips again

DHAKA: Industrial production in the US fell back for a second consecutive month in March, led by drops in mining and car manufacturing. Production was down 2% year-over-year, the Federal Reserve reported on Friday, says the BBC. Weak demand from overseas markets has led to overall

Oil exporters set to discuss output freeze

DHAKA: The world’s leading oil exporters could be finally about to take action following the fall in prices. Members of the exporters’ group Opec, together with some other oil producers, are meeting in Qatar on Sunday to discuss freezing output, reports the BBC. They want to

European car sales rise in March

DHAKA: European new car sales last month rose by 5.7% to 1.74 million registrations despite another dip in sales for Volkswagen. The European Automobile Manufacturers’ Association figures showed that VW’s sales fell 1.6% in March, reports the BBC. Its data suggests that the

Asian markets mixed in Friday trade

DHAKA: Asian markets are mixed in Friday’s session, with a lot of focus on data from China. The Chinese economy expanded by 6.7% in the first three months of the year, the slowest quarterly growth in seven years. Chinese markets edged lower, with the Shanghai composite down by

China’s economy growth slows to 6.7%

DHAKA: China’s economy grew at an annual rate of 6.7% in the first quarter of the year, says the government. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China’s own growth targets. In the final quarter of last year,

BP boss faces revolt over £14m pay

DHAKA: BP holds its annual shareholders’ meeting on Thursday with some investors planning to vote against chief executive Bob Dudley’s 20% pay rise. Shareholders in the oil giant are concerned that rises for Dudley and other executives come despite job cuts and falling profits,

Asian markets higher in Thursday trade

DHAKA: Asian stock markets held on to gains in Thursday trading, following the positive trend from US and European markets. South Korea has returned from a public holiday. At the end of the session, the Kospi index closed up 1.75% at 2,015.93. In Japan, the benchmark Nikkei 225

Bourses see up Wednesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Wednesday (April 13), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 01.11 points

IMF says Brexit could cause severe damage

DHAKA: The UK’s exit from the European Union could cause ‘severe regional and global damage’, the International Monetary Fund has warned in its latest outlook. A so-called ‘Brexit’ would disrupt established trading relationships and cause ‘major challenges’ for both the

EU seeks more tax details from big firms

DHAKA: The European Union has unveiled plans to force large companies to disclose more about their tax affairs. They will have to declare publicly how much tax they pay in each EU country as well as any activities carried out in specific tax havens, reports the BBC. The rules on

UK inflation rate rises to 0.5% in March

DHAKA: UK inflation as measured by the Consumer Prices Index rose to 0.5% in March, according to the Office for National Statistics (ONS). A sharp increase in air fares, due to the earlier timing of Easter, was the main reason behind the rise from February’s rate of 0.3%, the ONS

Japanese markets rebound as yen falters

DHAKA: Japanese markets traded higher on Tuesday, as a recent rally in the yen tapered off overnight. At the open, Japan’s benchmark Nikkei 225 index rose 0.88% or 139.26 points to 15,890.39, reports the BBC. The Japanese yen dipped to 108.20 against the US dollar from 107.94 in

Bourses see inflation Tuesday

DHAKA: After two days of negative trends, the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing inflation of share price indices at the opening hours on Tuesday (April 12), the third trading session of the week. DSEX, the