DHAKA: US economic growth slowed sharply in the third quarter of the year.Gross domestic product grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from a rate of 3.9% in the second quarter.The slowdown was partly due to companies

DHAKA: Deutsche Bank has said it will cut 15,000 jobs as it announced a third-quarter €6bn loss.Germany’s biggest bank said it would cut 9,000 full-time jobs and 6,000 contractor roles, reports the BBC.It is also planning to sell businesses employing 20,000 people over the next two

DHAKA: Bangladesh Bank (BB) suspended IFIC Bank directorial body member Lutfar Rahman as he was absent from directorial meetings for a long.The central bank took the decision under Bank Company Law, 1991 section 48 (1) on Thursday, BB sources said.Lutfar Rahman remains on the run for a

DHAKA: Bangladesh's foreign exchange reserves continue to scale new heights, crossing the $27 billion-mark for the first time on Thursday.The central bank says.Bangladesh Bank (BB) Forex Reserve and Treasury Management department general manager Kazi Saidur Rahman told banglanews that

DHAKA: IFAD Autos Ltd, country’s one of the leading motor vehicle body manufacturers, is going to build bodies for air suspension air-conditioned (AC) and non-AC buses of Ashok Leyland. IFAD Group chairman Iftekhar Ahmed Tipu informed the matter at a opening ceremony of Ifad AC Luxury

DHAKA: The Executive Committee of the National Economic Council (ECNEC) on Thursday approved Tk 1,128-crore for infrastructural development of Payra seaport.The approval came from an ECNEC meeting held at NEC conference room in city’s Sher-e-Bangla Nagar area this morning, with Prime

AKHAURA (BRAHMANBARIA): Export and import activities have resumed on Thursday in Akhaura land port in Brahmanbaria after a vacation of 10 days.The port activities started this morning with the export of fish from Bangladesh to India.Akhaura land port assistant customs official Mohammad

DHAKA: Country's stock market marked fall in its price indices on Thursday, the last trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 14.88 points only to stand at 4564.48 at the closure of day’s trading.Trade deals stood at 91442 with volume of

DHAKA: After a long time, the price index of wheat is marked by an upward trend in the international market as bad weather affected its production in the USA and Ukraine.Quoting the USA officials concerned, Agrimoney, a price monitoring agency, said the prices of wheat in Chicago market

DHAKA: After getting satisfactory response at home, private airlines Novoair will start their journey in international route by flying from Dhaka to Yangon on December 1.Novoair managing director (MD) Mafizur Rahman announced that in a press conference at Sonargaon Pan Pacific in city on

DHAKA: Bangladesh has ranked 174 in global economy while Bhutan ranked top in south Asia region with a global ranking of 71.The World Bank Group’s report published on October 27 said that Nepal becomes second in the region with global ranking 99.According to the report, rankings of

DHAKA:  Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 9.96 points only to stand at 4579.37 at the close of day’s trading.Trade deals stood at 81088

DHAKA: Chinese e-commerce giant Alibaba has reported a sharp rise in sales as more customers spent money through the online retailer.Revenue for the three months to the end of September was 22.2bn yuan ($3.5bn), up 32% from a year earlier.Revenue from mobile devices grew particularly

DHAKA: Shares in Asia were mixed as investors continued to look towards the US Federal Reserve’s monetary policy meeting later on Wednesday.The central bank is not expected to raise rates, but investors will be watching out for any clues on timing, reports the BBC.Japan’s benchmark

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Wednesday, the fourth trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 27.35 points to stand at 4561.97 at 12:00pm.Trade deals stood at 26625 with volume

DHAKA: The World Bank has approved USD 1.77 billion as loan to finance 11 projects in 2015-16 fiscal year.The finance institution’s south Asia region chief economist Martin Rama met planning minister AHM Mustafa Kamal in city’s Sher-e-Bangla Nagar area on Tuesday afternoon.Meeting

DHAKA: Commerce minister Tofail Ahmed said that a free trade agreement (FTA) between Bangladesh and Sri Lanka will be signed soon.Moreover, direct flights of Biman Bangladesh Airlines will begin to the south Asian country.The minister made this disclosure to the media after a meeting with

DHAKA: Shares in Asia fell, with investors remaining cautious ahead of meetings of the US and Japanese central banks later in the week.The US Federal Reserve is not expected to raise rates on Wednesday, but all eyes will be on whether it gives any clues as to the timing of rate rise.The

DHAKA: Toyota has returned to the top slot in global vehicle sales after releasing figures for the first nine months of the year.The Japanese carmaker sold 7.5 million in the first three quarters of 2015, beating Volkswagen’s 7.43 million and General Motors’ 7.2 million.After six

DHAKA: Indonesia’s president says his country will join the Trans-Pacific Partnership (TPP) free trade deal, but cut short his US visit to deal with Indonesia’s worsening haze situation.Joko Widodo made the comments to US President Obama at the White House, reports the BBC.Indonesia,