Thursday, 28 Nov, 2024

Business

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 key index of Dhaka Stock Exchange, rose over 20.61 points to stand at 4686.05 at the close of day’s trading.Trade deals stood at 170075 with

BP cuts 4,000 jobs amid oil downturn

DHAKA: UK oil firm BP said it would cut 4,000 jobs globally, 600 of which will be from its North Sea operations.It comes as profits continue to suffer as a result of a 70% collapse in oil prices leading to a big cutback in investment across the oil industry.The North Sea job cuts are

Supportive Monetary Policy announced

DHAKA: Bangladesh Bank has announced a cautious but supportive monetary policy for the second half of the ongoing fiscal 2015-16 on Thursday.Governor Dr Atikur Rahman declared the monetary policy at Jahangir Alam Conference Hall of the central bank this noon.The BB governor said repo and

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 Wednesday.     DSEX, the prime index of the DSE, rose over 27.66 points or 0.59 per cent to 4693.10 after the first

China exports up first time since June

DHAKA: Chinese exports defied expectations in December to rise 2.3% from a year ago in yuan-denominated terms.Forecasts were predicting a 4.1% fall in exports, but a weakening currency may have boosted the lagging sector, reports the BBC.Imports also beat expectations in yuan-dominated

Tannery owners to lose plots for not shifting

DHAKA: Industries minister Amir Hossain Amu categorically said that the tannery owners, who have not begun shifting their factories from Hazaribagh to Baliarpur in Savar, will lose their plots.The procedures of canceling the plots have already started, he added.The minister came up with

Meeting of Natl Single Window for Trade Working Group kicks off

DHAKA: The National Single Window for Trade Working Group held its inaugural meeting on January 10.Led by the Chairman, National Board of Revenue, the 39-member working group comprises representatives from key government ministries and agencies including the key certificate, licensing and

Tata Motors global sales rise 7% in Dec

DHAKA: Tata Motors today reported 7% increase in its global sales, including that of Jaguar Land Rover (JLR) vehicles, at 91,762 units in December.The company had sold 85,742 units in December 2014, Tata Motors said in a statement, reports dnaindia.com.In the passenger vehicles category,

Stocks end lower Monday

DHAKA: Country's stock market marked minor fall in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 11.21 points only to stand at 4663.62 at the close of day’s trading.Trade deals stood at 132242 with volume of

DSE, CSE witnessing gain

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Monday.DSEX, the prime index of the DSE, rose over 23.45 points or 0.50 per cent to 4698.29 in the first one-hour of trade

Chinese markets start week with new falls

DHAKA: Global markets made big losses after Chinese trading was suspended twice last week on dramatic plunges in values that triggered a circuit breaker mechanism, and spurred more volatility.China suspended the use of that tool on Friday, a move that reassured traders, reports the

5 Janata Bank officials quizzed on Hallmark scam

DHAKA: The Anti Corruption Commission (ACC) interrogated five Janata Bank officials including its Assistant General Manager (AGM) on allegation of embezzlement of Tk 1,500-crore of Hallmark’s non-funded money.A team headed by ACC director M Zainul Abedin Shibli carried out the

Tannery owners asked to shift factories by 72-hr

DHAKA: Industries minister Amir Hossain Amu asked the tannery owners to shift their factories from city’s Hazaribagh area by 72 hours.‘Otherwise, the factories will be shut down,’ he warned.The minister also passed the directives to BSCIC to send legal notice to the factory owners

Stocks witness fall Sunday

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Sunday, the first trading day of the week. The key index of Dhaka Stock Exchange, DSEX, shed over 1.24 points only to stand at 4674.83 at the close of day’s trading.Trade deals stood at 153283

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 Sunday.     DSEX, the broad index of the DSE, rose over 17.97 points or 0.38 per cent to 4694.05 after the first one-hour

Tripura power to cost Tk 6.43 per unit

DHAKA: Bangladesh is set to purchase power from Tripura of India with Tk 6.43 per unit.The rate was fixed at a high-level official meeting between the two neighboring countries at Pan Pacific Sonargaon hotel in city on Saturday (January 9).Power, Energy and Mineral Resources state

Car expo begins in city Jan 22

DHAKA: A three-day Barvida car exposition will begin at International Convention City Bashundhara (ICCB) in city on January 22.The fair will introduce buyers about Japanese recondition cars and environment friendly technologies.Bangladesh Reconditioned Vehicles Importers and Dealers

Chinese billionaire Zhou goes missing

DHAKA: Chinese billionaire Zhou Chengjian of one of China’s biggest fashion chains, Metersbonwe, has gone missing.The company confirmed, reports the BBC.Zhou is the latest in a string of high-profile businessmen in the country to temporarily disappear.Metersbonwe suspended trading in

US economy adds 292,000 jobs in Dec

DHAKA: US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations.The Bureau of Labor Statistics data also showed the jobless rate held at its seven-and-a-half year low of 5%.Professional and business services, construction, health care, and food

Volkswagen sales drop for first time in 11-yr

DHAKA: German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal.Sales of VW brand cars fell 4.8% in 2015 to 5.82 million cars from 6.12 million a year earlier, reports the BBC.Falling demand in China and