Wednesday, 20 Nov, 2024

Business

US creates 156,000 jobs in September

DHAKA: The US economy created 156,000 jobs in September, official figures show, slightly fewer than expected. However, August’s figure was revised higher to 167,000 from 151,000. Both figures are lower than 180,000 average for this year, reports the BBC. The unemployment rate

Hili land port closes for 8-day

DINAJPUR: Export and import activities between Bangladesh and India through Hili land port has closed for eight days from October 6 (Thursday) due to the occasion of Durga Puja. However, the passengers’ movement between the two neighboring countries will remain normal. Bangla Hili

Deutsche Bank cuts another 1,000 jobs

DHAKA: Deutsche Bank has announced that 1,000 jobs will be cut in Germany. The move adds to the 3,000 job losses announced in June, reports the BBC. Almost half of the latest job cuts will hit the company’s chief operating office, with the rest spread over several departments.

Samsung shares jump on shake-up proposal

DHAKA: Shares in Samsung Electronics have hit a record high after activist investor Elliott Management proposed a radical corporate shake-up. The US hedge fund is urging the tech giant to streamline its business, which makes consumer electronics including smartphones and televisions.

World food prices surge in September

DHAKA: World food prices were up in September, driven largely by the rising cost of sugar, the UN’s food agency says. The Food and Agriculture Organisation’s (FAO) food price index found prices had increased by 10% year on year and 2.9% on August. However, it stressed prices

Increasing volume of economy demands more ‘lighter' ships

CHITTAGONG: The volume of country’s economy is increasing day by day with the setting up of new industries for meeting the demands of ever increasing population.   Side by side the economy of the country is getting stronger with the setting up of new economic zones.   Very

Bourses end week in green

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share price indices on Thursday (October 6), the fifth and final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over

IMF warns of financial stability risks

DHAKA: The International Monetary Fund (IMF) has warned that risks to financial stability are growing. It warns about what it calls “medium-term” dangers in both emerging and developed economies, in its twice-yearly report. It expresses particular concerns about Europe, Japan

Bourses see gain at opening hours

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing positive trend in share price indices at the opening hours on Wednesday (October 4), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock

India central bank cuts interest rates

DHAKA: India’s central bank has cut a key interest rate to its lowest level for nearly six years, in an effort to boost the economy. The bank cut its benchmark repo rate to 6.25% from 6.50%, reports the BBC. This was the first interest rate review under the new governor of the

IMF warns of hit to UK economic growth

DHAKA: The International Monetary Fund (IMF) has cut its forecast for UK economic growth next year as it warned that the global recovery remains “weak and precarious”. Although the IMF raised its prediction for UK GDP growth this year to 1.8%, the figure for 2017 was cut to 1.1%,

Banking Summit in city from Nov 15

DHAKA: A two-day Bangladesh banking summit will be arranged in city from November 15. The summit, with Bangladesh Institute of Bank Management (BIBM) as associate partner, will be held at Le Méridien Dhaka. A BIBM press release on Tuesday (October 4) said that Malaysia Cyber

Bourses see rise for 2nd day on the trot

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on Tuesday (October 4), the third trading session of the week. The key index of Dhaka Stock Exchange, DSEX, acquired over 17.65 points and

IFC PaCT, VF partner on Bangladesh RMG environment

DHAKA: IFC, a member of the World Bank Group, and VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, are working together to enhance the long-term competitiveness and sustainability of the textile wet processing sector in Bangladesh by reducing

Wall Street in weak start to fourth quarter

DHAKA: US stocks got off to a weak start on the first day of trading in the fourth quarter with all the main indexes closing lower. The Dow Jones Industrial Average, which fell sharply in the first few minutes of trade, recovered some of its losses to close 0.3% lower at 18,253.85.

Bourses see gain at opening hours

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing positive trend in share price indices at the opening hours on Tuesday (October 4), the third trading session of the week. DSEX, the prime index of Dhaka Stock

Bangladesh holds solo trade expo in Netherlands

DHAKA: For the first time, a solo trade expo of Bangladesh was held in Amsterdam, the capital city of the Netherlands, from September 28 to 29. The fair, Dutch-Bangla Expo-2016, was held in the famous European Trade Fair Venue “RAI Amsterdam Convention Centre in the Netherlands”.

Pound falls as UK PM indicates Brexit date

DHAKA: Sterling has fallen to a three-year low against the euro after UK Prime Minister Theresa May outlined the timetable for starting Brexit negotiations. It also hit its lowest level against the dollar since the beginning of July. On Sunday, the premier said she would trigger

Beacon signs deal to export medicine to Turkey

DHAKA: Beacon Pharmaceuticals Ltd of Bangladesh signed a deal with Turkey’s KareIlac at Bangladesh embassy in Turkey on Monday (October 3) to export medicine in the country. At the initiatives of the Bangladesh embassy in Ankara, Beacon Pharmaceuticals Ltd, a leading Bangladeshi

Markets see inflation Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on Monday (October 3), the second trading session of the week. The key index of Dhaka Stock Exchange, DSEX, acquired over 0.20 points and