DHAKA: Banking giant HSBC has reported a 14% drop in profits for the first quarter following ‘extreme levels of volatility’ in financial markets at the start of the year. Profit before tax came in at $6.1bn for the three months to March, down from $7.1bn a year ago, reports the

DHAKA: Japanese shares have started the week with sharp falls, as a surge in the yen hurt shares in big exporting firms. The benchmark Nikkei 225 ended 3.1% lower at 16,174 - higher than its lowpoint for the trading session, but still the lowest close since 12 April. Shares of

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Monday (May 2), the first trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss of share prices indices on Monday (May 2), the first trading session of the week as Sunday was a holiday. DSEX, the prime index of Dhaka Stock Exchange (DSE),

DHAKA: Representatives from some of the major US companies expressed their interest to invest in the Information and Communication Technology (ICT) sector in Bangladesh. They voiced their interests at a roundtable discussion in New York on Thursday (April 29), says a press release

DHAKA: US economic growth slowed to an annual pace of 0.5% during the first three months of the year. That was a sharp fall from the 1.4% rate of growth in the last quarter of 2015 and the slowest pace in two years, reports the BBC. The slowdown, which was bigger than most

DHAKA: Amazon has reported a profit of $513m in its first quarter, helped by a 28% jump in sales. Sales hit $29.1bn for the three months to the end of March, helped by rising sales of its Kindle reading devices and Fire tablet computers, reports the BBC. Both sales and profits were

DHAKA: China has raised the exchange rate for its currency, the yuan by 0.56% against the US dollar, from the previous day. The central bank – People’s Bank of China (PBOC) - fixed the yuan rate at 6.4589 to the US dollar on Friday. That is the biggest increase in nearly 11

DHAKA: Finance minister Abul Maal Abdul Muhith said that budget allocations in health and education sectors will be increased in upcoming 2016-17 fiscal year. ‘But the VAT 15 percent will remain unchanged,’ he added. The minister made the assertion at a National Board of Revenue

DHAKA: Airbus shares have fallen 6% after it warned investors of mounting costs on its A400M military aircraft program. It also said delays in deliveries of its new A350 and A320neo airliners were creating a drain on cash. The world's second largest aircraft maker reported a 23%

DHAKA: Volkswagen is to pay a dozen current and former senior managers a total of about €63m ($71m) for 2015, despite reporting record annual losses following its emissions scandal. The carmaker said it would withhold a portion of bonus payments for now, but could award them at a

DHAKA: Bangladesh Occupational Safety and Health and Environment Foundation (OSHE) said that as many as 338 workers have been died in three months during discharging professional duties this year. The organization made the disclosure at a human chain program held in front of National

DHAKA: Facebook reported a 195% jump in first quarter profit as the company continued to generate new advertising income. It reported $1.5bn in earnings for the period between January and March, compared to $512m last year, reports the BBC. As well as enticing advertisers to new

DHAKA: The Philippines Central Bank has blocked an attempts to hack its website, amid a warning from global financial network SWIFT about recent multiple cyber fraud incidents targeting its system. SWIFT'S disclosure came as law enforcement authorities in Bangladesh and elsewhere

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- extended their losing spell of share prices indices for the fourth running day on Tuesday (April 26), the third trading session of the week. DSEX, the prime index of Dhaka Stock

DHAKA: Executive Committee of National Economic Council (ECNEC) on Wednesday (April 26) approved nine projects worth of Tk 7,000-crore. ECNEC committee okeyed the projects at a meeting held at NEC Conference Room in city’s Sher-e-Bangla Nagar area with Prime Minister Sheikh Hasina in

DHAKA: Both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share prices indices in the early hours on Tuesday (April 26), the third trading session of the week.   DSEX, the prime index of Dhaka Stock Exchange (DSE), lost over

DHAKA: Oil giant Shell has announced planned office closures in Reading, Aberdeen and Manchester following the takeover of BG Group. The company is cutting more than 10,000 jobs across the world, with 2,800 of those connected with the BG deal, reports the BBC. Shell plans to close

DHAKA: International Finance Corporation (IFC) and the Bangladesh Enterprise Institute, BEI, organized two corporate governance related workshops in the Dhaka on April 24 and 25, respectively. At the first event, steered by Professor Ulrich Steger, the focus was on Non-Executive

DHAKA: Saudi Arabia’s cabinet has agreed a broad-based economic reform plan, known as Vision 2030, revealing how the oil-reliant state plans to diversify its economy over the next 14 years. Prince Mohammed bin Salman said on Monday that the country was building up its Public