Monday, 10 Mar, 2025

Business

Market ends negatively Wednesday

DHAKA: After three days of positive trend, trading in the country’s two bourses ended negatively on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), decreased 17.76 points or 0.38 percent than Tuesday, to stand at 4573.33 points at the end

Banking service not within people’s reach

DHAKA: Finance minister Abul Maal Abdul Muhith categorically said banking services are yet to reach the doorsteps of the common people despite having 56 banks in the country.He made this assertion at inaugural ceremony of Janata Bank’s annual conference at a hotel in the capital on

US EXIM Bank chair arrives in Dhaka

DHAKA: USA Export-Import Bank chairman and president Fred P Hochberg arrived in Dhaka on a two-day visit on Wednesday (February 3).He will engage in discussions with the officials of Bangladesh government and business leaders intended to expand commercial interaction between the USA and

US stock markets tumble on oil woes

DHAKA: The leading US share index plunged 295 points on Tuesday with oil companies and banks falling sharply.The Dow Jones fell 1.8% to 16154.02. The S&P 500 lost 1.9% to close at 1,903.05 and the Nasdaq shed 2.2% to 4,516.95.The biggest faller on the Dow Jones index was Goldman Sachs,

Oil price worries hit stocks in Asia

DHAKA: Worries over falling oil prices were weighing on investor sentiment in Asia for a second day on Wednesday.The benchmark Nikkei 225 tumbled more than 3.5% to 17,106.63 following falls on Wall Street.In Hong Kong, shares were down by a similar amount in early trade, with the Hang

Market showing mixed Wednesday

DHAKA: Trading in the country’s two bourses are underway showing positive trends on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), rose over 5.65 points or 0.12 percent than Tuesday to stand at 4596.75 at 11:57am.Trade deals stood at

BP slumps into $6.5bn loss for 2015

DHAKA: British energy giant BP on Feb. 2 posted the company's biggest loss in at least 20 years, ravaged by tumbling oil prices, and axed another 3,000 jobs.BP suffered a loss after taxation of $6.48 billion last year, compared with a net profit of $3.78 billion in 2014, it said in a

Shares in Asia largely in negative territory

DHAKA: Stocks in Asia were trading largely lower on Tuesday following a lackluster lead from the US overnight and as oil prices fell again.Tokyo’s Nikkei 225 closed down 0.64% at 17,750.68 points.The benchmark index closed up nearly 2% on Monday, its highest close since early January,

Market ends positive Tuesday

DHAKA: Trading in the country’s two bourses ended positively on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 30.67 points or 0.67 percent than Monday to stand at 4591.09 at closing.Trade deals stood at 119299 with transaction at Tk

Stocks showing positive

DHAKA: Trading in the country’s two bourses showing positive in share-price indices on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 41.18 points or 0.90 percent than Sunday to stand at 4601.60 at 12.17pm.Trade deals stood at 51314

HSBC to ‘freeze global pay in 2016’

DHAKA: The UK’s biggest bank, HSBC, plans to impose a global freeze on pay and hiring in 2016.Sources have said, reports the BBC.An email was sent to staff on Friday outlining the measures as part of the bank’s cost-cutting drive.A source confirmed the email’s contents to the BBC

Stocks end positive Monday

DHAKA: Trading on the country’s two bourses ended on positive in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 19.53 points than Sunday to stand at 4560.42.Trade deals stood at 100178 with transaction at Tk

Stocks witnessing gain Monday

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 18.23 points to stand at 4559.12 at 11:37am.Trade deals stood at 31762 with transaction at Tk

China’s factory activity slows again

DHAKA: Activity in China’s manufacturing sector contracted for the sixth month in a row in January - and hit its lowest level since 2012.According to the government’s latest factory survey, the Purchasing Managers’ Index (PMI) showed a reading of 49.4 for the month compared to

Tk 71-cr expo orders increased at DITF

DHAKA: Commerce minister Tofail Ahmed said that the export order of Bangladeshi products has increased by Tk 71-cr from the past year at Dhaka International Trade Fair (DITF).Total amount of the order is now 235.17-cr, he added.The minister came up with this assertion at the closing

NSB decides to establish Bangladesh Water MSP

The first meeting of the National Steering Board (NSB) of the Bangladesh Water Multi-Stakeholder Partnership (Water MSP) was held on January 30, 2016 at The Westin hotel in Dhaka under the chair of the cabinet secretary.The NSB made key decisions to establish and operationalize the

Japan adopts negative interest rate

DHAKA: In a surprise move, the Bank of Japan has introduced a negative interest rate.The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits, reports the BBC.It hopes this will be a disincentive to banks to save and prompt them to lend

Stocks end week negative

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 12.40 points only to stand at 4573.58 at the close of day’s trading.Trade deals stood at 107636 with

Boeing profit outlook disappoints

DHAKA: The earnings outlook from the US planemaker Boeing has missed forecasts.In a statement, the company said it expected to make between $8.15 and $8.35 a share with revenue between $93bn and $95bn, lower than forecasts of $9.41 per share from revenue of $97bn.Shares dropped 9% in

Asian shares lower on cautious Fed outlook

DHAKA: Asian shares have followed Wall Street lower after the Federal Reserve warned of slowing US growth.The region’s biggest index, Japan’s Nikkei 225, fell 0.3% to 17,128.15, reports the BBC.Wall Street closed lower despite early gains after the Federal Reserve said it was