Thursday, 28 Nov, 2024

Business

Stocks see modest gain at opening

DHAKA: Investors of the country observed modest gain as share price indices in two bourses saw upward trends in the opening hours on Thursday (March 10), the last session of the trading week.DESX, the prime index of Dhaka Stock Exchange (DSE), rose over 13.63 points or 0.30 percent from

Bangladesh signs $2-billion LOC with India

DHAKA: Bangladesh signed a $2 billion line of credit (LOC), loans at subsidized rates from agencies, with India on Wednesday (March 9).The government signed the LOC with Export-Import (EXIM) Bank of India at NEC conference room at Sher-e-Bangla Nagar in city around 3:00pm in the

Stocks see gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, rose over 3.91 points to stand at 4457.80 at the close of day’s trading.Trade deals stood at 83938 with

Priorities to help Bangladesh prosper: CCC

DHAKA: Top local and foreign economists find the best solutions for Bangladesh, exploring costs and benefits of different ways of investment in a bid to make the country prosperous.After a year engaging with researchers and Bangladeshi leaders and civil society, the Copenhagen Consensus

‘EU exit biggest economic risk for UK’

DHAKA: The possibility of Britain leaving the EU is the ‘biggest domestic risk to financial stability’, Bank of England governor Mark Carney has said.He told the Treasury Committee that an exit vote could create economic uncertainty, although he added that remaining in the EU also

Chinese exports plunge 25% in Feb

DHAKA: Chinese exports have seen their sharpest drop in almost seven years, adding to concerns over the health of the world’s second largest economy.Exports dropped sharply by 25.4% from a year earlier, while imports fell 13.8%, reports the BBC.The weak data comes on the heels of

China, Japan lead losses in Asia markets

DHAKA: Share markets in China and Japan were heading lower after Wall Street fell on the back of a drop in oil prices and as China's poor trading figures were digested.West Texas Intermediate oil fell 4.3% to $36.28 a barrel and Brent crude dropped 3.4% to $39.45 a barrel, reports the

DSE, CSE witnessing gain

DHAKA: Share price indices at the country main bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Wednesday (March 9).     DSEX, the prime index of the DSE, rose over 6.93 points or 0.15 per cent to 4460.82 after the first

World risks of 'economic derailment': IMF

DHAKA: The International Monetary Fund (IMF) has warned that the global economy faces a growing "risk of economic derailment" and must take steps to boost global demand.David Lipton, second in command at the IMF, outlined some of these risks in a speech to the National Association for

5.62pc inflation, lowest in 41 months

DHAKA: The inflation rate of the country has been dropped at 5.62 percent which is the lowest in 41 months as the supply of grocery products has been raised and the price of imported products dropped.According to Bangladesh Bureau of Statistics information, the inflation rate has been

Digital pre-budget discussion in March

DHAKA: Breaking with the tradition of holding pre-budget discussion in April each year, the National Board of Revenue (NBR) is going to organize the dialogue in the last week of March.The dialogue will be held using digital facilities as part of modernizing and digitalizing the NBR.The

Stocks witness gain Tuesday

DHAKA: Both two bourses of the country witnessed positive trends in share-price indices on Tuesday, the third trading session of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 10.25 point or 0.23 percent to stand at 4453.89 at the end of day’s trading.Trade deals stood

Npower confirms 2,400 job losses

DHAKA: Energy firm Npower has confirmed it is cutting 2,400 jobs in the UK after losing 351,000 customers in 2015.The ‘big six’ energy firm has been plagued by customer complaints over billing and in December was fined, by the energy industry’s regulator, a record £26m for those

Japan’s economy shrinks less than first thought

DHAKA: Japan’s economy shrank less than previously thought in the last three months of 2015, surprising analysts.Gross domestic product contracted at an annualized rate of 1.1% for the period, compared with an earlier reading of 1.4%, official figures showed.Analysts had been widely

Oil hits $40 a barrel amid commodities comeback

DHAKA: The oil price has gone above $40 a barrel for the first time this year as commodities continue to rally.Brent crude, used as an international benchmark, rose more than 5% to trade at $40.83 a barrel, reports the BBC.Oil dropped below $28 in January, but has since risen as part of a

Stocks witness mixed Monday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 8.16 point to stand at 4443.63 at the close of day’s trading.Trade deals stood at 77,734 with

Australia’s shares boosted by commodity stocks

DHAKA: Shares in Australia led markets on Monday, closing 1% higher, boosted by commodity and energy-related stocks.Investor sentiment was also up after a positive US jobs report on Friday.Sydney-listed shares in mining giant Fortescue Metals rose by a staggering 23.7%, while BHP Billiton

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Monday.     DSEX, the prime index of the DSE, rose over 8.24 points or 0.18 per cent to 4443.71 after the first one-hour

Green investment summit begins Mar 11

DHAKA: The three-day Bangladesh Innovation and Development Expo and Green Investment Summit-2016 will begin at Bangabandhu International Conference Centre (BICC) in city on March 11.The event will remain open to all from 10:00am to 8:00pm till March 13.The organizers made this assertion

Stocks end lower Sunday

DHAKA: Country's stock market marked fall in its price indices on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 37.37 points only to stand at 4435.46 at the close of day’s trading. Trade deals stood at 78422 with volume of transactions