Sunday, 09 Mar, 2025

Business

Asaduzzaman receives ICM Award

DHAKA: Bangladesh Bank governor secretariat general manager AFM Asaduzzaman was honored with the Integrated Crop Management (ICM)-2016 award for his outstanding contribution in the field of public relations.Manohor ICM Farmer Club, Rangpur initiated the award.National Parliament deputy

Japanese shares plunge following Wall Street sell-off

DHAKA: Asian shares have tumbled after a heavy sell-off on Wall Street added to nervousness among investors.Japan’s Nikkei 225 was down more than 4% at one point - dropping below 17,000 for the first time since September - before closing down 2.7% at 17,240.95, reports the BBC.US shares

Stocks end week positive

DHAKA: Country's stock market marked slight gain in its price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 8.89 points only to stand at 4694.95 at the close of day’s trading.Trade deals stood at 174010 with volume of

Edible oil price decreases by Tk-5 a liter

DHAKA: Bangladesh Vegetable Oil Refiners & Vanaspati Manufactures Association decided to decrease the price of edible oil in the country by Tk 5 per liter from Saturday (January 16).The decision was taken from a meeting between the businessmen and the commerce minister Tofail Ahmed at the

General Motors shares raise profit outlook

DHAKA: General Motors (GM) shares have risen after the firm said it would be more profitable and return more money to shareholders.Shares in the biggest US carmaker closed 0.6% up after it raised its 2016 earnings forecast by 25 cents to between $5.25 and $5.75 per share, reports the

DSE, CSE witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), rose over 32.87 points or 0.70 per cent to 4718.92 after the first one and half hour of trade at

Oil price briefly falls below $30 a barrel

DHAKA: Oil prices have briefly fallen below $30 a barrel on international markets for the first time since April 2004, before recovering again.Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22, reports the BBC.Oil prices have

Tk 200-cr loan distribution in dairy sector begins

DHAKA: Distribution of a loan of Tk 200-crore among the grassroot people involved in dairy production and artificial insemination sector began on Wednesday with the view to make Bangladesh self-sufficient in dairy production.The interest rate of the loan will be five percent.Prime

Stocks see gain Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 20.61 points to stand at 4686.05 at the close of day’s trading.Trade deals stood at 170075 with

BP cuts 4,000 jobs amid oil downturn

DHAKA: UK oil firm BP said it would cut 4,000 jobs globally, 600 of which will be from its North Sea operations.It comes as profits continue to suffer as a result of a 70% collapse in oil prices leading to a big cutback in investment across the oil industry.The North Sea job cuts are

Supportive Monetary Policy announced

DHAKA: Bangladesh Bank has announced a cautious but supportive monetary policy for the second half of the ongoing fiscal 2015-16 on Thursday.Governor Dr Atikur Rahman declared the monetary policy at Jahangir Alam Conference Hall of the central bank this noon.The BB governor said repo and

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 Wednesday.     DSEX, the prime index of the DSE, rose over 27.66 points or 0.59 per cent to 4693.10 after the first

China exports up first time since June

DHAKA: Chinese exports defied expectations in December to rise 2.3% from a year ago in yuan-denominated terms.Forecasts were predicting a 4.1% fall in exports, but a weakening currency may have boosted the lagging sector, reports the BBC.Imports also beat expectations in yuan-dominated

Tannery owners to lose plots for not shifting

DHAKA: Industries minister Amir Hossain Amu categorically said that the tannery owners, who have not begun shifting their factories from Hazaribagh to Baliarpur in Savar, will lose their plots.The procedures of canceling the plots have already started, he added.The minister came up with

Meeting of Natl Single Window for Trade Working Group kicks off

DHAKA: The National Single Window for Trade Working Group held its inaugural meeting on January 10.Led by the Chairman, National Board of Revenue, the 39-member working group comprises representatives from key government ministries and agencies including the key certificate, licensing and

Tata Motors global sales rise 7% in Dec

DHAKA: Tata Motors today reported 7% increase in its global sales, including that of Jaguar Land Rover (JLR) vehicles, at 91,762 units in December.The company had sold 85,742 units in December 2014, Tata Motors said in a statement, reports dnaindia.com.In the passenger vehicles category,

Stocks end lower Monday

DHAKA: Country's stock market marked minor fall in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 11.21 points only to stand at 4663.62 at the close of day’s trading.Trade deals stood at 132242 with volume of

DSE, CSE witnessing gain

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Monday.DSEX, the prime index of the DSE, rose over 23.45 points or 0.50 per cent to 4698.29 in the first one-hour of trade

Chinese markets start week with new falls

DHAKA: Global markets made big losses after Chinese trading was suspended twice last week on dramatic plunges in values that triggered a circuit breaker mechanism, and spurred more volatility.China suspended the use of that tool on Friday, a move that reassured traders, reports the

5 Janata Bank officials quizzed on Hallmark scam

DHAKA: The Anti Corruption Commission (ACC) interrogated five Janata Bank officials including its Assistant General Manager (AGM) on allegation of embezzlement of Tk 1,500-crore of Hallmark’s non-funded money.A team headed by ACC director M Zainul Abedin Shibli carried out the