DHAKA: Wall Street and the FTSE 100 both fell sharply in a wild day of trading after the UK voted for Brexit. The London blue-chip index fell 7% in early trading to just over 5,800 points but ended the day 3.15% lower at 6,138, reports the BBC. New York and European markets all

DHAKA: The UK has had its credit rating outlook downgraded to ‘negative’ by the ratings agency Moody’s after the country voted to leave the EU. Moody’s said the result would herald ‘a prolonged period of uncertainty’, reports the BBC. Meanwhile, PM David Cameron is under

DHAKA: Asian millionaires now control more wealth than those in North America, Europe and other regions, according to a report from finance firm Capgemini. Driven by China and Japan, Asia’s millionaires saw their wealth jump by 10% in 2015, the firm’s World Wealth Report found.

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on the last day of week (June 23).   The key index of Dhaka Stock Exchange, DSEX, gained over 15.21 points and 0.34 percent to stand at

DHAKA: The bank units located in the industrial areas will remain open on July 2 and 3. Bangladesh Bank spokesperson issued an order in this regard on Thursday (June 23). However, the apparently nine-day government holidays for Eid-ul-Fitre will remain enforced to other banks and

DHAKA: Banks will remain open on July 4 though Prime Minister Sheikh Hasina in her executive order declared the day as holiday. Chairman of Association of Bankers (ABB) and also Mutual Trust Bank managing director (MD) and CEO Anis A Khan confirmed the matter to banglanews on Thursday

DHAKA: Robi, as one of the leading digital service providers of the country, has brought a solution to the inconvenience of getting train tickets to visit their near and dear ones across the country during the eid holidays. The train ticketing service has been operational since January

DHAKA: Investors witnessed gain in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Wednesday (June 22), the fourth trading session of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 3.13

DHAKA: Mitsubishi Motors has forecast a net loss of 145bn yen ($1.4bn) for the current business year in the wake of its fuel efficiency scandal. In April, the Japanese carmaker admitted it had been falsifying fuel efficiency tests for decades. The expected loss marks the first fall

RANGPUR: The day has come with a different flair to the landless people on the bank of Teesta. The pumpkins cultivated on the vast charland of the river are now being exported to Malaysia. A boundless joy flickered to the eyes of the farmers of Kaunia and Gangachara upazilas getting

DHAKA: Investors witnessed fall in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Tuesday (June 21), the third trading session of the week. The key index of Dhaka Stock Exchange, DSEX, shed over 5.89 points

DHAKA: Investors are witnessing fall in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – at the opening hours on Tuesday (June 21). The key index of Dhaka Stock Exchange, DSEX, shed over 4.99 points and 0.11

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange- on Monday (June 20). The key index of Dhaka Stock Exchange, DSEX, shed over 18.77 points and 0.42 percent to stand at 4369.00 at the end of the

DHAKA: High interest rates and a lack of financial literacy are highlighted as major obstacles to factories in the Bangladesh Readymade Garment (RMG) sector from obtaining remediation financing. A report launched by the International Finance Corporation (IFC) and International Labour

DHAKA: The UK’s car industry, more leading businessmen, and the chairman of football's Premier League have backed the campaign to stay in the EU. The car industry’s trade body and company executives warned that leaving would increase costs and threaten jobs, reports the BBC.

DHAKA: Asian shares rallied on Monday on the latest British opinion surveys showing a resurgence of the vote to remain part of the European Union. The British pound also was higher, gaining 1.4% to the US dollar and 1.9% to the Japanese yen. Global markets were hit last week by

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange- on Monday (June 20). The key index of Dhaka Stock Exchange, DSEX, shed over 7.71 points and 0.17 percent to stand at 4380.07 at the opening till

DHAKA: Iran has reached a deal to buy 100 planes from US plane producer Boeing, and the two sides are awaiting approval by US Treasury authorities, according to the head of Iran’s Civil Aviation Organization. ‘The final obstacle in this area are only the permits from the US

DHAKA: A division of HSBC has agreed to pay $1.575bn to settle a 14-year lawsuit. It stems from a lawsuit the British bank inherited when it bought the US lender Household International in 2003. Shareholders accused Household International, now known as HSBC Finance, of inflating

DHAKA: A UK exit from the European Union could mean the UK misses out on up to 5.6% of GDP growth by 2019. The IMF has warned, reports the BBC. Brexit is the ‘largest near-term risk’ to the UK economy, the IMF said in its annual UK economic outlook. It added that the net