Thursday, 27 Feb, 2025

Business

Stocks end higher Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over four points to stand at 4,753 at the close on the last trading day of the week.Trade deals stood at 160,255 with transaction at Tk 8,569

Global economy at turning point, says WB

DHAKA: The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects

WB predicts 5.7 pct growth

DHAKA: World Bank predicted Bangladesh growth may dip as much as 1.5 percentage point to fall at 5.7 percent, down from a government projection of 7.2 percent for fiscal 2013-14 due to ongoing political stalemate.The global lender came up with observation on a half-yearly report titled

Stocks witness gain Sunday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 29 points to stand at 4,437 at the close on the first trading day of the week.Trade deals stood at 136,051with transaction at Tk 6,197

PM opens Dhk Int’l trade fair

DHAKA: The 19th Dhaka International Trade Fair-2014 began in city’s Sher-e-Bangla Nagar area on Saturday.The premier of the country Sheikh Hasina inaugurated the fair at Bangabandhu International Conference Center at 11:00am.At the inaugural session, she said that the government is

DBBL,BKB join forces for mobile banking

DHAKA: Dutch-Bangla Bank Limited (DBBL) has launched mobile banking services at all the 1,026 branches of Bangladesh Krishi Bank (BKB).Under an agreement between the two banks, BKB will provide DBBL`s mobile banking services such as account-opening, cash deposit (cash-in) and cash

Stocks witness gain Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 16 points to stand at 4407 at the close on the last trading day of the week.Trade deals stood at 116570 with transaction at Tk 5,175

Italy’s jobless rate hits new 37-year record high

DHAKA: Italy’s jobless rate rose in November to a new record high of 12.7 percent, data showed on Wednesday, and youth unemployment also hit its highest level on record above 41 percent.The data show that some timid signs of economic recovery are having no impact on the labour market

China to allow foreign ownership in telecom services

DHAKA: China will open up some telecom and internet services to foreign ownership.Five areas, including call centres and home internet access, will be open to full foreign ownership, the state-owned Xinhua news agency has said, reports the BBC.Firms providing online data and analysis

Stocks end higher Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 60 points to stand at 4,391 at the close on the third trading day of the week.Trade deals stood at 121,997 with transaction at Tk 5,397

BD RMG sector suffers $20mn loss in Dec’13

DHAKA: The readymade garment (RMG) sector in Bangladesh has suffered a loss of US $ 20 million in the month of December 2013, due to shipment delay, cancellation of orders, extra-burden of air freight, price discounts, and losses due to vandalism, according to a survey, reports on Dhaka

US trade deficit shrinks in Nov as imports sink

DHAKA: The US international trade deficit shrank sharply in November, led by a drop in imports.US government data released on Tuesday showed, reports The Straits Times.The trade shortfall fell to US$34.3 billion in November, a decline of 12.9 percent from October, the Commerce Department

Stocks witness gain Tuesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 34 points to stand at 4,330 at the close on the second trading day of the week.Trade deals stood at 111,851 with transaction at Tk 4,561

Samsung forecasts 18% fall in profit

DHAKA: Samsung Electronics, the world`s biggest maker of mobile phones and TVs, has forecast a fall in profit for the October-to-December quarter.It expects to make an operating profit of 8.3 trillion won ($7.8bn; £4.8bn) for the quarter, down 18% from the previous three months.Compared

Market showing negative

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday.The key index of Dhaka Stock Exchange Broad Index, DSEX, shed over 20 points to stand at 4,293 at 12:40pm.Trade deals stood at 39,426 with volume of transactions at Tk 1414

Shamim Ahmed new AB Bank MD

DHAKA: Shamim Ahmed Chawdhury has been appointed as new president and managing director (acting) of AB (Arab Bangladesh) Bank.He took charge as president and managing director (acting) of the bank on January 1.Prior to his present position Shamim Ahmed was working as additional managing

RMG factory vandalized at CEPZ

CHITTAGONG: Readymade garment workers vandalized two factories named Section-Seven at Chittagong Export Processing Zone (CEPZ) on Saturday morning demanding the implement of new wage structure. Witnesses said that several hundreds workers came out from factory at around 9:00am and

US jobless claims fall for 2nd straight week

DHAKA: The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting labour market conditions continue to steadily improve.Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 339,000, the Labor Department

Russia’s 2013 oil output hits post-Soviet high

DHAKA: World energy power Russia said on Thursday that its 2013 oil output hit a post-Soviet high while natural gas production of its giant Gazprom holding slipped for the second successive year.The mixed figures, highlighted by yet another dip in oil exports outside ex-Soviet

China manufacturing growth slows in Dec

DHAKA: Chinese manufacturing grew at its slowest pace in three months in December, HSBC confirmed on Thursday, as demand for the country’s goods eased, adding to concerns about recovery in the world’s number two economy.The bank’s final purchasing managers’ index (PMI), which