Wednesday, 27 Nov, 2024

Business

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.DSEX, the prime index of the DSE, gained by 2.36 points or 0.04 per cent to 4811.23 after the first one-hour

Zahid must explain Real Time’s role in Bangladeshi workers entry

DHAKA: Deputy Prime Minister of Malaysia Ahmad Zahid Hamidi was urged not to get entangled in nepotism amid the country's Prime Minister Najib Abdul Razak's own scandal of receiving RM2.6-billion in his personal bank accounts.The Centre to Combat Corruption and Cronyism (C4) made the call

Samsung patent appeal rejected

DHAKA: A US appeals court will not reconsider an earlier decision finding that Samsung violated Apple patents.Samsung has been in a legal battle with Apple for years with each accusing the other of patent infringements.In May, the South Korean firm lost a previous appeal, which ruled that

India court says Maggi noodle ban ‘legally untenable’

DHAKA: A court in India has lifted a government ban on Nestle’s popular Maggi noodles, but ordered fresh tests before the product can go back on sale.Nestle had challenged the ban ordered by the country’s food safety regulator in June after some tests found lead levels beyond

Weeklong ‘banking fair’ in November

DHAKA: Bangladesh Bank (BB) governor Dr Atiur Rahman said that a weeklong ‘banking fair’ will be organized in city in November.He made the disclosure at BB-organized Women Entrepreneur Development Unit Conference at BB Training Academy in city’s Mirpur area on Thursday.He said the

Stocks witness fall Thursday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Thursday.DSEX, the key index of DSE, shed over 12.75 points only to stand at 4808.87 at the close on the last trading day of the

Crop-insurance for 12,000 farmers

DHAKA: A total of 12 thousands farmer families will be brought under crop-insurance project, the speakers at a workshop said.Besides, the farmers will be informed about the climate risk, they added.The speakers made the disclosure while addressing the program titled ‘Climate-index based

‘Govt to reduce poverty rate to 15% by 2021’

DHAKA: Local government, rural development and cooperatives minister Engineer Khandker Mosharraf Hossain on Thursday said his incumbent government will bring down the poverty rate to 15 percent by 2021.He, however, requested everyone, including the non-governmental organizations, to

Stocks see early hrs’ gain

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed upward trend in early hours of trading on Thursday, the last trading day of the week.DSEX, the prime index of the DSE, gained by 15.89 points or 0.32

China allows further drop in yuan

DHAKA: China has set the guiding rate for its yuan currency lower for a third consecutive day.But Thursday's rate of 1% down against the dollar was a smaller margin than the shock cuts earlier in the week.The bank had on Tuesday announced it would start setting the daily rate based partly

MSD and HPL join hands

DHAKA: MSD (Merck Sharp & Dohme), a global healthcare leader, Wednesday announced a strategic partnership with leading national pharmaceutical company, Healthcare Pharmaceuticals Limited (HPL).  The new partnership will enable MSD to bring its best-in-class and first-in-class products

China’s yuan currency falls for 2nd day

DHAKA: China’s Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday’s record 1.9% devaluation.The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it was not the start of a sustained

Trading resumes at DSE

DHAKA: Trading at the Dhaka Stock Exchange (DSE) resumed after one hour and 39 minutes of suspension due to technical glitches on Wednesday.The DSE authorities decided to continue the Wednesday’s trading till 4:10 pm due to the disruption.Share transactions that usually take place

India sues Nestle over Maggi noodles

DHAKA: India is suing Nestle for $100m over ‘unfair trade practices’, an official has confirmed to the BBC.The complaint against Nestle is that it caused damage to consumers through misleading advertisements related to its Maggi noodles product.Maggi was banned in India after the food

Greek bailout deal agreed ‘in principle’

DHAKA: Greece has agreed a bailout deal ‘in principle’ with its creditors, the European Commission has said.The Commission said a technical agreement had been reached with Greece, which now requires political approval.Earlier, Greece’s finance minister Euclid Tsakalotos had said

Berger paints architecture contest begins

DHAKA:  The 7th Berger Award for Excellence in Architecture competition has begun through a press conference at Gulshan Club in city on Monday.Berger Paint Bangladesh Limited (BPBL) and Institute of Architects (IAB) jointly arranged the conference where BPBL senior general manager

8-storey cruise ship to set sail in Bangladesh

DHAKA: Bringing the European standard facilities with restaurant, children corner, spa and gymnasium, Bangladeshi company Afroza Shipping Line will introduce an 8-storey cruise ship soon.Moreover, Thai company Siam Group will provide service to the tourists of the ship.Afroza Shipping

Germany gained €100bn from Greek crisis

DHAKA: The Greek debt crisis has saved the German government some €100bn in lower borrowing costs because investors have sought safety in German bonds, a study has found.Even if Greece defaults on all its debt, Germany would still benefit, says the German IWH institute, reports the

Greece ‘close to securing new bailout agreement’

DHAKA: Greece is near to securing a new bailout agreement, possibly within the day, Euclid Tsakalotos, Greek finance minister has said, according to the media.Tsakalotos told reporters on Tuesday that discussions have ‘moved very far forward’ and that ‘two or three details

China devalues yuan to 3-year low

DHAKA: China’s central bank has devalued the national currency, the yuan, to its lowest rate against the US dollar in almost three years.The lender said the move was a ‘one-off depreciation’ of 1.9% in a move to make the exchange rate more market-oriented.It comes in the wake of a