DHAKA: Samsung Electronics has slashed its quarterly profit forecast due to the scrapping of its Note 7 smartphone. The South Korean firm now expects third quarter profits of 5.2tn won ($4.7bn), which is a third lower than its original estimate of 7.8tn won. The Note 7 was recalled

DHAKA: Russia has said it will support a proposal by Opec to freeze oil production in order to reverse the slump in global prices. The move lifted the price of oil, with Brent crude hitting a one-year high. “Russia is ready to accede to joint measures to reduce (oil) production,

DHAKA: Many travelers buying foreign currency at the UK’s airports are now receiving less than one euro to the pound. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound, reports the

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed consecutive loss in share price indices on Monday (October 10), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss in share price indices on Sunday (October 9), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 25.09 points

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Sunday (October 9), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

DHAKA: A group of major business lobby groups has written an open letter urging the government to preserve barrier free trade with Europe. The letter is signed by leaders of the CBI and manufacturers’ body the EEF. It said the way in which the UK leaves the EU and on what terms is

DHAKA: UK industrial production fell in August, official figures have shown, hitting the recent run of upbeat economic news. Industrial production fell by 0.4% between July and August, the Office for National Statistics said, partly due to a drop in oil and gas production.

DHAKA: The US economy created 156,000 jobs in September, official figures show, slightly fewer than expected. However, August’s figure was revised higher to 167,000 from 151,000. Both figures are lower than 180,000 average for this year, reports the BBC. The unemployment rate

DINAJPUR: Export and import activities between Bangladesh and India through Hili land port has closed for eight days from October 6 (Thursday) due to the occasion of Durga Puja. However, the passengers’ movement between the two neighboring countries will remain normal. Bangla Hili

DHAKA: Deutsche Bank has announced that 1,000 jobs will be cut in Germany. The move adds to the 3,000 job losses announced in June, reports the BBC. Almost half of the latest job cuts will hit the company’s chief operating office, with the rest spread over several departments.

DHAKA: Shares in Samsung Electronics have hit a record high after activist investor Elliott Management proposed a radical corporate shake-up. The US hedge fund is urging the tech giant to streamline its business, which makes consumer electronics including smartphones and televisions.

DHAKA: World food prices were up in September, driven largely by the rising cost of sugar, the UN’s food agency says. The Food and Agriculture Organisation’s (FAO) food price index found prices had increased by 10% year on year and 2.9% on August. However, it stressed prices

CHITTAGONG: The volume of country’s economy is increasing day by day with the setting up of new industries for meeting the demands of ever increasing population.   Side by side the economy of the country is getting stronger with the setting up of new economic zones.   Very

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share price indices on Thursday (October 6), the fifth and final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over

DHAKA: The International Monetary Fund (IMF) has warned that risks to financial stability are growing. It warns about what it calls “medium-term” dangers in both emerging and developed economies, in its twice-yearly report. It expresses particular concerns about Europe, Japan

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing positive trend in share price indices at the opening hours on Wednesday (October 4), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock

DHAKA: India’s central bank has cut a key interest rate to its lowest level for nearly six years, in an effort to boost the economy. The bank cut its benchmark repo rate to 6.25% from 6.50%, reports the BBC. This was the first interest rate review under the new governor of the

DHAKA: The International Monetary Fund (IMF) has cut its forecast for UK economic growth next year as it warned that the global recovery remains “weak and precarious”. Although the IMF raised its prediction for UK GDP growth this year to 1.8%, the figure for 2017 was cut to 1.1%,

DHAKA: A two-day Bangladesh banking summit will be arranged in city from November 15. The summit, with Bangladesh Institute of Bank Management (BIBM) as associate partner, will be held at Le Méridien Dhaka. A BIBM press release on Tuesday (October 4) said that Malaysia Cyber