Monday, 10 Mar, 2025

Business

Npower confirms 2,400 job losses

DHAKA: Energy firm Npower has confirmed it is cutting 2,400 jobs in the UK after losing 351,000 customers in 2015.The ‘big six’ energy firm has been plagued by customer complaints over billing and in December was fined, by the energy industry’s regulator, a record £26m for those

Japan’s economy shrinks less than first thought

DHAKA: Japan’s economy shrank less than previously thought in the last three months of 2015, surprising analysts.Gross domestic product contracted at an annualized rate of 1.1% for the period, compared with an earlier reading of 1.4%, official figures showed.Analysts had been widely

Oil hits $40 a barrel amid commodities comeback

DHAKA: The oil price has gone above $40 a barrel for the first time this year as commodities continue to rally.Brent crude, used as an international benchmark, rose more than 5% to trade at $40.83 a barrel, reports the BBC.Oil dropped below $28 in January, but has since risen as part of a

Stocks witness mixed Monday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 8.16 point to stand at 4443.63 at the close of day’s trading.Trade deals stood at 77,734 with

Australia’s shares boosted by commodity stocks

DHAKA: Shares in Australia led markets on Monday, closing 1% higher, boosted by commodity and energy-related stocks.Investor sentiment was also up after a positive US jobs report on Friday.Sydney-listed shares in mining giant Fortescue Metals rose by a staggering 23.7%, while BHP Billiton

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Monday.     DSEX, the prime index of the DSE, rose over 8.24 points or 0.18 per cent to 4443.71 after the first one-hour

Green investment summit begins Mar 11

DHAKA: The three-day Bangladesh Innovation and Development Expo and Green Investment Summit-2016 will begin at Bangabandhu International Conference Centre (BICC) in city on March 11.The event will remain open to all from 10:00am to 8:00pm till March 13.The organizers made this assertion

Stocks end lower Sunday

DHAKA: Country's stock market marked fall in its price indices on Sunday, the first trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 37.37 points only to stand at 4435.46 at the close of day’s trading. Trade deals stood at 78422 with volume of transactions

Poland, Albania keen to invest in Bangladesh

DHAKA: Many economic powers of the world are now showing their interest to be partners in Bangladesh development activities for achieving economic capability.However, many of them are not mega powers but they are rich in technology and knowledge.Such two east European countries Poland and

Stocks witnessing fall

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trend of share-price indices on Sunday.DSEX, the Broad Index of the DSE, shed over 33.77 points to stand at 4439.06 after the first one-hour of

S Korea keen to contribute in Bangladesh agro, rural dev

DHAKA: South Korea expressed its interest to contribute in the sectors of agriculture and rural development in Bangladesh.South Korea former minister and South Korea Rural Community Corporation CEO Dr Sang Mu Lee came up with this determination at a seminar on comparison of the two

US creates 242,000 jobs in February

DHAKA: The US economy added 242,000 jobs in February, far better than the 190,000 expected by economists.The Labor Department numbers underlined the strength of the US economy and may allow the Federal Reserve to gradually raise interest rates this year, reports the BBC.Another 30,000

China set new economic growth target

DHAKA: China's National People's Congress has set the country's growth target for 2016 in a range of 6.5%-7%.Premier Li Keqiang will announce the target in his address to delegates, according to the text of his speech, report the BBC.The annual congress in Beijing sets out to determine

Asian shares in muted Friday trade

DHAKA: Shares across Asia traded mixed on Friday, failing to pick up the positive lead from Wall Street.US markets had finished higher on expectations that February job figures out later on Friday would show a strong pace of growth.Asia's biggest market, Japan's Nikkei 225 remained flat

Tk 3.40-lakh crore budget for next fiscal

DHAKA: Finance minister Abul Maal Abdul Muhith said the size of the upcoming 2016-17 fiscal year's budget would be Tk 3.40-lakh crore.He made the disclosure in a pre-budget discussion at Planning Commission in city on Thursday (March 3).Eminent economists, researchers and experts took

Stocks end higher after 4-day fall

DHAKA: Country's stock market marked gain in its price indices on Thursday, the last trading day of the week after four straight days’ fall.DSEX, the key index of Dhaka Stock Exchange, rose over 10.66 points only to stand at 4472.83 at the close of day’s trading. Trade deals stood at

Tk 1.2cr looted from Gazipur DBBL booth

GAZIPUR: Robbers looted Tk 1.2 crore from an ATM booth of Dutch Bangla Bank in Kaliakoir of Gazipur district early Thursday (March 3).Kaliakoir Thana officer-in-charge (OC) Abdul Motaleb Mia confirmed the matter to banglanews.A group of 10/12 armed robbers attacked the ATM booth when

Asian shares build on strong rally

DHAKA: Asian shares are trading higher for a second day after Wednesday’s strong rally across the region.Japan’s Nikkei 225 was up by 0.9% to 16,897.19 points, extending the previous day’s jump of more than 4%, reports the BBC.Electronics giant Toshiba rose by almost 10% on reports

Market positive at opening

DHAKA: After observing fall for four days at stretch, investors are enjoying the inflation of share price indices at two bourses of the country at the early hours on Thursday (March 3), the final trading session of the week.DSEX, the key index of Dhaka Stock Exchange, gained over 8.81

Eurozone unemployment rate falls to 10.3%

DHAKA: Unemployment in the eurozone fell for a third consecutive month in January, dropping to its lowest rate since August 2011.Eurostat, the EU’s statistical agency, said the jobless rate in the 19-country eurozone declined to 10.3% in January from 10.4% in December, reports the