Thursday, 28 Nov, 2024

Business

Stocks witnessing gain

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 Wednesday.DSEX, the key index of Dhaka Stock Exchange, rose over 13.45 points to stand at 4611.79 at 11:34 am.Trade deals

Plastic in Snickers bar, Mars recall in 55 countries

DHAKA: US Chocolate maker Mars has ordered a recall of chocolate products in 55 countries after customer finds piece of plastic in Snickers bar.In the UK, the products affected include funsize Mars and Milky Way bars and boxes of Celebrations.In the Netherlands Mars and Snickers bars were

Standard Chartered shares slump on shock loss

DHAKA: Shares in Standard Chartered plunged on Tuesday after the Asia-focused bank revealed a $1.5bn loss.Chief executive Bill Winters, who took over from Peter Sands last year, described the performance over 2015 as ‘poor’, reports the BBC.The bank will take a $4bn charge on writing

VAT fraud allegation against Agora

Dhaka: Allegation has been raised against well-known super shop Agora regarding VAT (value-added tax) evasion of Taka several crores.The VAT officers informed the media that the super shop Agora, owned by Rahim Afroze, sells products more than Tk 360 crores every year.Sources concerned

Trading ends upbeat Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- saw sharp rise in trading indices on Tuesday, the third trading session of the week.DSEX, the prime index of the DSE, went up by 20.72 points or 0.45 percent to 4,598.34, at the end

Asia shares mixed on Tuesday despite higher oil prices

DHAKA: Shares in Asia were mixed on Tuesday despite a near 7% rise in oil prices overnight and a rally on Wall Street.Japan’s Nikkei 225 rose 1.3% in early trade, but was later up just 0.25% to 16,154 points.In Australia, the ASX 200 was down 0.35% to 4,984 points as some of the

Qantas soars to record $921m half-year profit

DHAKA: Lower oil prices have helped Qantas post a record underlying pre-tax profit of $921m Australian dollars ($665m) for the six months to December.The result is the best first-half profit in the Australian airline’s 95-year history, reports the BBC.It was $554m higher than the same

DSE, CSE up at opening

DHAKA: The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in the early hour of trading on Tuesday, the third trading session of the week.DSEX, the prime index of the DSE, went up by 14.85 points or 0.32 percent to 4,592.47, after first hour of the trade

Now BRAC Bank card forged

DHAKA: After the incidents of ATM card forgery of Eastern, City and United Commercial banks, a customer of BRAC Bank is the latest victim of this card forgery.Miscreants used forged debit card of one Prit Reza, a customer of the bank, for shopping from a shopping center in city on

Stocks start week negative

DHAKA: Country's stock market marked fall in its price indices on Monday (February 22), the first trading day of this week as Sunday was holiday for ‘Amar Ekushey’.DSEX, the key index of Dhaka Stock Exchange, shed over 10.04 points only to stand at 4577.61 at the close of day’s

HSBC sees 1.2% fall in net profit

DHAKA: Europe’s biggest bank has posted a 1.2% decline in net profit to $13.52bn for the 12 months to December compared to a year earlier, citing a slowdown in China, among other issues.Pre-tax profit was up 1% compared to a year earlier to $18.87bn, the bank said, below market

DSE, CSE witnessing fall

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trend of share-price indices on Monday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 0.08 points to stand at 4587.58 at 11:52am.Trade

Bangladesh-Malaysia MoU unaffected

DHAKA: The decision to freeze all recruitment of foreign workers does not affect the validity of the Memorandum of Understanding (MoU) signed with the Bangladesh government, says Malaysian human resources minister.“Further details on the decision to freeze foreign worker recruitment

China sacks its stock market boss

DHAKA: China has dismissed its top market regulator after a series of policy missteps that contributed to a massive stock selloff.Xiao Gang, chairman of the China Securities Regulatory Commission, was removed from his post, reports the CNN.He was replaced by Liu Shiyu, head of the

AVUB comes ahead to fulfill farmers’ dream

DHAKA: Ansar-VDP Unnayan Bank (AVUB), a government owned specialized bank, is offering 29 types of loans for agricultural sectors to fulfill cherished dreams of farmers.All information about the bank is available at stall no-108 in the three-day Dairy, Aqua and Pet Animal Fair that began

Uber car-hire app losing $1bn in China

DHAKA: App-based car-hire service Uber is losing more than $1bn (£699m) a year in China, as it struggles against what it called a "fierce competitor".Uber CEO Travis Kalanick made the admission while speaking at a private event in Vancouver, according to Canadian tech news site

Banks open in 36 districts on Feb 20

DHAKA: Banks will remain open in 36 districts on Saturday (February 20) so that aspirant candidates can deposit their money for nomination forms of upcoming Union Parishad (UP) elections.Bangladesh Bank (BB) issued a circular in this regard on Thursday (February 18).The circular has also

Toyota recalls 2.9-mln cars over seatbelt defect

DHAKA: Toyota Motor Corp is conducting a global recall of 2.87 million 4x4 vehicles because their rear seatbelts could be damaged in the event of a crash.The world’s largest carmaker said in an email on Thursday that the lap-shoulder seatbelts in the vehicles’ second-row seats could

50% baby-food demand to be met locally

DHAKA: Finance minister Abul Maal Abdul Muhith announced a program setting a target of producing 50 percent of required baby food and reducing the shortage of meat and milk productions in the country within three years.He made the announcement at a fair titling, ‘Fisheries and Pet

Shahjalal Bank DMD among 5 sued

DHAKA: Anti Corruption Commission (ACC) filed a case against five people, including Shahjajal Bank deputy managing director (DMD) Manzurul Islam, for misappropriating Tk 251-crore through issuance of fake letter of credit (LC).ACC deputy director Shamsul Alam filed the case with Motijheel