Wednesday, 20 Nov, 2024

Business

Eurozone GDP growth halves

DHAKA: Eurozone economic growth halved in the second quarter, but the 19-nation single currency area moved away from deflation. GDP rose by 0.3% between April and June, in line with expectations but below 0.6% growth in the first quarter, reports the BBC. France, the eurozone’s

US growth weaker than forecast

DHAKA: The US economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world’s largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the

Google parent Alphabet sees strong profits rise

DHAKA: Alphabet – Google’s parent company - has continued to see its quarterly profits boosted by strong advertising sales on mobile devices. Revenue in the April-to-June period rose 21.3 percent to $21.5bn (£16.3bn), from $17.7bn a year earlier, reports the BBC. Net income for

Amazon boss becomes world's 3rd richest man

DHAKA: Strong earnings from Amazon and a boost to the company’s stock have made its founder, Jeff Bezos, the world’s third richest man. According to Forbes, Bezos's owns 18 percent of Amazon’s shares, which rose 2 percent in trading on Thursday. Forbes estimated his fortune

DSE up, CSE down on Thursday

DHAKA: In the last trading session of the week on Thursday (July 28), the Dhaka Stock Exchange (DSE) witnessed gain of share price indices while Chittagong Stock Exchange (CSE) saw loss. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 0.05 points or 0.001 percent to

Bashundhara Group receives licenses for 2 economic zones

DHAKA: Country’s largest business conglomerate Bashundhara Group (BG) has received two prequalification licenses Thursday to set up two separate economic zones at Keraniganj in Dhaka. Bangladesh Economic Zones Authority (BEZA) executive chairman (secretary) Paban Chowdhury handed

Nikkei falls as Bank of Japan meets

DHAKA: Shares in Japan have fallen with investors remaining cautious as the country's central bank meets to discuss monetary policy. The Bank of Japan’s news conference on Friday will be watched closely any news of further stimulus measures. The benchmark Nikkei 225 index

Markets see deflation at opening hours

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss in share price indices at the opening hours on Thursday (July 28). The key index of Dhaka Stock Exchange, DSEX, shed over 2.17 points and 0.04 percent to

Bashundhara Group to get licenses for 2 economic zones

DHAKA: Country’s largest business conglomerate Bashundhara Group (BG) is expected to get pre-qualification licenses for two special economic zones in the country. Bangladesh Economic Zones Authority (BEZA) will provide the licenses for ‘Bashundhara Special Economic Zone Limited’

Bourses see loss Wednesday

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange - on Wednesday (July 27). The key index of Dhaka Stock Exchange, DSEX, shed over 11.95 points and 0.26 percent to stand at 4538.20 at the end of

Asian shares cautious ahead of Fed rate decision

DHAKA: Asian shares have opened largely unchanged on Wednesday with investors cautious ahead of the Federal Reserve rate decision due later. While the US central bank is expected to keep rates on hold, its statement is expected to give some direction as to when they will rise again.

Bourses witness gain Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Tuesday (July 26). DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 0.97 points or 0.02 percent to stand at 4571.81 points

AMBOCL, Expressions sign deal for branding

DHAKA: Abdul Monem Bran Oil Company Limited (AMBOCL) signed an agreement with Expressions Ltd to appoint them as the advertising agency for branding and promotion of AMBOCL products. The signing ceremony was recently held at a restaurant in city. Engr. Md. Golam Faruque, Head of

Oil price drops to three-month low on oversupply fears

DHAKA: Oil prices have fallen to a three-month low, hit by rising concerns that a global oversupply of both crude and natural gas will dampen prices. US oil fell 2.4% to $43.11 a barrel, its lowest level since April, meaning it has now fallen by 12% so far this month, reports the BBC.

BB announces new monetary policy

DHAKA: Bangladesh Bank has announced new monetary policy setting private sector credit growth target 16.5 percent and 15.9 percent for public sector in H1 of 2016-17 Fiscal Year. Central bank governor Fazle Kabir made the disclosure at a briefing at bank;s conference hall on Tuesday

Bangladesh-WB deal to expand e-procurement system

DHAKA: Bangladesh on Monday (July 25) signed a $10-million additional financing agreement with the World Bank (WB) to expand and improve the government’s procurement system to ensure the effective use of public money and increase transparency. The additional financing to the Public

General Motors puts $1bn India plan ‘on hold’

DHAKA: General Motors has put on hold a planned $1bn investment in India as it reassesses its strategy in the country. Its sales in India have fallen nearly 40%, and its share of the passenger vehicle market has also dropped, reports the BBC. A regulatory crackdown on diesel

DSE down, CSE up on Monday

DHAKA: The Dhaka Stock Exchange (DSE) witnessed loss of share price indices while Chittagong Stock Exchange (CSE) saw gain on Monday (July 25), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), lost over 1.89 points or 0.04 percent to stand at

UK explores free trade deal with China

DHAKA: Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy. The Chancellor told the BBC it was time to explore ‘new opportunities’ across the world,

Verizon agrees $5bn Yahoo deal

DHAKA: US telecoms giant Verizon Communications is to buy Yahoo's search and advertising operations for $5bn (£3.8bn). The two firms were reported on Friday to be in exclusive talks over a possible deal. US internet firm Yahoo announced in February that it was looking at