Thursday, 28 Nov, 2024

Business

HSBC to keep headquarters in London

DHAKA: UK banking giant HSBC has announced it is to keep its headquarters in London.Concerns about stricter UK regulations led Europe’s biggest bank to launch a review into whether to move elsewhere, with Hong Kong seen as the most likely alternative.But the bank said it had decided

DSE, CSE 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 Sunday.     DSEX, the prime index of the DSE, rose over 10.95 points or 0.23 per cent to 4591.51 after the first one-hour

Japan's economy contracts in 4th quarter

DHAKA: Japan's economy contracted in the final three months of 2015, adding to a string of setbacks for the government's economic reform policy.Between October and December, it shrank by 0.4% compared with the previous quarter, official figures show, reports the BBC.Expectations for the

Stocks start week mixed

DHAKA: Both two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed mixed trend in share-price indices on Sunday.DSEX, the broad index of DSE, shed over zero point to stand at 4580.55 at the close on the first trading day of the week.Trade

Market showing mixed

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing mixed trend in share-price indices on Sunday, the first trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, rose over 7.45 points to

Walton LED TV’s demand soars

DHAKA: Demands for of Walton brand televisions, including CRT (Cathode Ray Tube) and LED (Light Emitting Diode), have been soared following the imminent Asia Cup and T20 World Cup. To meet the extra demands, the country’s electronics giant ‘Walton’ has already increased the

Oil prices soar on hopes of Opec production cut

DHAKA: Oil prices surged as much as 12% on Friday after new suggestions that Opec nations were set to cut oil production.The United Arab Emirates’ energy minister said that Opec members were ready to reduce output, the Wall Street Journal reported, says the BBC.Venezuela’s oil

Japanese shares plunge in early trade

DHAKA: Japan's markets were trading sharply lower on Friday amid concerns over the global economy and following steep falls in Europe and the US.The benchmark Nikkei 225 opened down more than 3.5% at 15,122.06 points, reports the BBC.It continued to fall in early trade to below the

EP delegation meets finance minister

DHAKA: The visiting delegation of the European Parliament (EP) met foreign minister Abul Hassan Mahmood Ali at state guesthouse Padma in city on Thursday afternoon (February 11).Led by Jean Lambart MEP, chair of the Delegation for Relations with the countries of South Asia, the delegation

Gold price spikes to Tk 1,225 per bhori

DHAKA: Bangladeshi gold merchants have raised the price of gold by around Tk 1,225 per bhori (11.664 grams) as it became costlier in the international market.This is the third time increase of the gold price this year.Gold in the local market will be sold at Tk 44,965 per bhori of

Stocks end week positively

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday (February 11), the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 7.92 points to stand at 4581.34 at the close of day’s trading.Trade deals stood at

Japan-Bangladesh hospital MD among 2 summoned

DHAKA: The High Court summoned managing director of Japan-Bangladesh Friendship Hospital and director of Directorate General of Drug Administration (DGDA) for taking money by allegedly pretending to treat a dead child.They have been asked to appear before it on February 22 to explain

Hong Kong shares sink 4%

DHAKA: Hong Kong shares joined the downward trend across Asia as trading resumed after the Lunar New Year break.The Hang Seng opened with a sharp 4% drop to 18,508.96 points, reports the BBC.Markets in China remain closed due to a longer new year break. Those markets that were open in the

Bourses see upbeat mood at opening

DHAKA: Investors witnessing gain in indices of two bourses in the opening hour as prices of majority number of shares increased on Thursday (February 11), the fifth trading day of the week.The benchmark index of Dhaka Stock Exchange, DSEX, rose over 0.18 percent or over 8.64 to reach at

Anti-money laundering deal signed with 3 countries

DHAKA: Bangladesh Financial Intelligence Unit (BFIU) has signed a pact with three more countries, Nigeria, Lebanon and Kazakhstan, to share information about money laundering and financing terrorism.Bangladesh Bank (BB) source confirmed the matter adding that the treaty has recently been

Lovers Day in Westin

DHAKA: Love is in the air and The Westin Dhaka has special arrangements to share love on Valentine’s Day on February 14.The luxury property is all set to present a spectacular day for the lovers out there starting from early morning till midnight, says a press release issued by the

Iran set to negotiate on oil market with Saudi Arabia

DHAKA: Iran’s oil minister Bijan Zangeneh says his country is ready to negotiate with Saudi Arabia and other OPEC members over the dire conditions in international oil markets.Tehran recently resumed oil exports after Western sanctions over its nuclear program were lifted, and announced

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 3.41 points to stand at 4573.42 at the close of day’s trading.Trade deals stood at 100320 with

Business council with EU soon

DHAKA: Commerce minister Tofail Ahmed said that a business council will be formed with European Union (EU) to expand business between Bangladesh and members of the organization.He made this disclosure at a press briefing at the ministry conference room on Wednesday afternoon (February

Climate change to make air flights longer

DHAKA: Flights from the UK to the US could take longer due to the changes in the climate, according to a new study.Global warming is likely to speed up the jet stream, say researchers, and slow down airplanes heading for the US.While eastbound flights from the US will be quicker,