Thursday, 28 Nov, 2024

Business

Market showing mixed

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Sunday, first trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), rose over 1.27 points to stand at 1109.69 at 12:55pm.Trade deals stood at 50125 with transaction

Qatar to recruit 3-lakh Bangladeshis in 2-yr

DHAKA: The oil-rich Middle Eastern country Qatar has assured Bangladesh of recruiting 3-lakh workers from the country within two years in phases.Ministers of Qatar also applauded Bangladeshi worker for their hard labor. Expatriates' welfare and overseas employment minister Nurul Islam

Wall Street tumbles on jobs data

DHAKA: US stocks fell on Friday after lower-than-expected jobs figures signaled a potential softening in the US economy.The Dow Jones Industrial Average fell 211.75 points to 16,204.83, while the S&P 500 shed 35.43 points to 1,880.02, reports the BBC.The Nasdaq fell 146 points to 4,363.15

Indonesia’s growth slows for fifth year

DHAKA: Growth in South East Asia’s largest economy, Indonesia, has come in at 4.76% for 2015, marking the fifth consecutive yearly decline.Weaker commodity prices and consumer spending, together with a slowdown in its key trading partner, China, has hurt growth, reports the BBC.Towards

Toyota profit up 5% on stronger US sales

DHAKA: Japan’s Toyota has reported a 4.7% year-on-year rise in net income for the three months to December, to 627.9bn yen ($5.37bn), due in part to stronger sales in the US.The company, the world’s biggest carmaker, also raised its North America sales forecast for the full year to

US economy adds 151,000 jobs in Jan

DHAKA: The US economy added 151,000 jobs in January, helping to push the country’s unemployment rate down to 4.9%.The number was lower than expected and is a sharp slowdown from December, when 292,000 jobs were added, reports the BBC.Job losses in transport and education weighed on the

Shell shares rises 7%

DHAKA: Royal Dutch Shell shares rose after it confirmed it would cut 10,000 jobs and a sharp fall in annual profits.Shell extended gains to 7% as it said it made $1.8bn for the fourth quarter, compared with a $4.2bn profit for the same period the year before, reports the BBC.Full-year

Stocks end week negative

DHAKA: Country's stock market marked fall in its price indices on Thursday (February 4), the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 2.21 points only to stand at 4571.11 at the close of day’s trading.Trade deals stood at 94334 with volume of

Market showing mixed

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Thursday, the last trading day of the week.DSEX, the broad index of Dhaka Stock Exchange (DSE), shed over 4.39 points to stand at 4568.93 at 11:49am.Trade deals stood at 28970 with

Iran keen to work with Bashundhara in energy sector

DHAKA: Visiting Iranian business delegates on Wednesday expressed their eagerness to work together with Bashundhara Group, the country’s leading business conglomerate, in the thriving energy sector.They assured Bashundhara Group of helping construct an oil refinery in Bangladesh.The

Qatar to recruit 3-lakh manpower within 2 years

DHAKA: The oil-rich Middle Eastern country Qatar is interested to recruit 3-lakh Bangladeshi manpower within two years.Salesmen, nurses, engineers and office employees will be given preference in the recruitment.A joint-working group meeting in this regard is expected to be held in Dhaka

First GSP, then Ticfa to be effective

FROM PARLIAMENT: Commerce minister Tofail Ahmed remarked that the Trade and Investment Cooperation Forum Agreement (Ticfa) would not be effective till the restoration of Generalized System of Preference (GSP) from the United States.The minister came up with this observation in reply to

Market ends negatively Wednesday

DHAKA: After three days of positive trend, trading in the country’s two bourses ended negatively on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), decreased 17.76 points or 0.38 percent than Tuesday, to stand at 4573.33 points at the end

Banking service not within people’s reach

DHAKA: Finance minister Abul Maal Abdul Muhith categorically said banking services are yet to reach the doorsteps of the common people despite having 56 banks in the country.He made this assertion at inaugural ceremony of Janata Bank’s annual conference at a hotel in the capital on

US EXIM Bank chair arrives in Dhaka

DHAKA: USA Export-Import Bank chairman and president Fred P Hochberg arrived in Dhaka on a two-day visit on Wednesday (February 3).He will engage in discussions with the officials of Bangladesh government and business leaders intended to expand commercial interaction between the USA and

US stock markets tumble on oil woes

DHAKA: The leading US share index plunged 295 points on Tuesday with oil companies and banks falling sharply.The Dow Jones fell 1.8% to 16154.02. The S&P 500 lost 1.9% to close at 1,903.05 and the Nasdaq shed 2.2% to 4,516.95.The biggest faller on the Dow Jones index was Goldman Sachs,

Oil price worries hit stocks in Asia

DHAKA: Worries over falling oil prices were weighing on investor sentiment in Asia for a second day on Wednesday.The benchmark Nikkei 225 tumbled more than 3.5% to 17,106.63 following falls on Wall Street.In Hong Kong, shares were down by a similar amount in early trade, with the Hang

Market showing mixed Wednesday

DHAKA: Trading in the country’s two bourses are underway showing positive trends on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), rose over 5.65 points or 0.12 percent than Tuesday to stand at 4596.75 at 11:57am.Trade deals stood at

BP slumps into $6.5bn loss for 2015

DHAKA: British energy giant BP on Feb. 2 posted the company's biggest loss in at least 20 years, ravaged by tumbling oil prices, and axed another 3,000 jobs.BP suffered a loss after taxation of $6.48 billion last year, compared with a net profit of $3.78 billion in 2014, it said in a

Shares in Asia largely in negative territory

DHAKA: Stocks in Asia were trading largely lower on Tuesday following a lackluster lead from the US overnight and as oil prices fell again.Tokyo’s Nikkei 225 closed down 0.64% at 17,750.68 points.The benchmark index closed up nearly 2% on Monday, its highest close since early January,