Wednesday, 20 Nov, 2024

Business

Export-import resumes in Hili land port

HILI (DINAJPUR): Export and import activities have resumed in Hili land port of Dinajpur district on Sunday (July 10) after a five-day Eid vacation. Bangla Hili CnF agent association president Mohammad Kamal Hossain told banglanews that the port activities resumed with the entrance of

Bourses start week with loss after Eid vacation

DHAKA: After nine days of Eid-ul-Fitr vacation, the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – opened on Sunday (July 10). After the end of first day’s trading session, both bourses witnessed loss. The

Bangladesh to ensure security for investors

DHAKA: Bangladesh government will take all necessary measures to ensure security for the investors especially in the export processing zones (EPZ) in the country. Industries minister Amir Hossain Amu told the media after a meeting of cabinet committee on law and order held at home

Benapole land port opens after Eid

BENAPOLE (JESSORE): Country’s largest land port in Benapole of Jessore district opened Sunday morning (July 10) after nine days of Eid vacation. Export and import activities with India started around 11:30am. Staff of offices including, customs, port, CnF, transport, bank and

UK trade deficit widens in May

DHAKA: The UK’s trade deficit widened in May after the value of exports fell faster than imports. The figures, which precede the Brexit vote, show the deficit in goods and services widened to £2.26bn, up from a downwardly-revised deficit of £1.95bn in April. The deficit on trade

US job creation rebounds strongly in June

DHAKA: The US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely. The Labor Department revised

Brexit to hit eurozone growth, says IMF

DHAKA: The International Monetary Fund has cuts its economic growth forecasts for the eurozone in the wake of the UK’s vote to leave the European Union. The eurozone is expected to grow by 1.6% this year and 1.4% in 2017. Before the referendum the IMF had predicted growth of 1.7% for

Consumer confidence ‘falls after Brexit vote’

DHAKA: Consumer confidence has seen its sharpest drop in 21 years after the UK vote to leave the EU, a survey suggests. The market research firm GfK conducted a one-off online survey of 2,000 people after the result was known, reports the BBC. Its confidence index fell by eight

Japan stocks rise ahead of US payrolls

DHAKA: Japanese stocks ended lower as investors took a cautious approach ahead of the latest US jobs figures. The unemployment figures, due out later, are seen as one of the main factors affecting the timing of any rate rise by the US Federal Reserve. US companies are expected to

Pound hovers around three decades low

DHAKA: The pound continues to hover around 31-year lows in Asian trading as more UK property funds look to stem withdrawals in the wake of Brexit. However, the Japanese yen is rising for a third day against the dollar as investors buy into the currency, seen as a safe haven for their

Shares slide as Brexit fears take hold

DHAKA: Global stock markets have fallen and the pound has hit a fresh 31-year low as worries over the UK’s vote to leave the EU continue to rattle markets. The UK’s FTSE 100 share index was down 1.6% in afternoon trade, while US stocks opened lower on Wall Street, reports the BBC.

Pound falls to new low in Asia trade

DHAKA: The pound has hit a new low in Asian trading as concerns about the UK’s vote to leave the European Union continue to weigh on investor confidence. It touched 1.2798 against the dollar on Wednesday, a 31-year low, before recovering slightly to $1.2963, reports the BBC. The

AC Milan sold to Chinese consortium

DHAKA: Former Italian Prime Minister Silvio Berlusconi says he has sold the soccer club AC Milan to a Chinese consortium. Berlusconi, who owns the Serie A team, made the remarks to local newspapers on Tuesday (July 5). He said they will be paying at least €400m (£220m) over the

Hili land port closes for 5 days

HILI (DINAJPUR): The Hili land port will remain closed from Tuesday (July 5) for five days on the occasion of Eid-ul-Fitr. Import and export activities will remain open on Sunday (July 10). Bangla Hili Customs CnF agent association secretary Shahinur Islam said that they have taken

UK service sector growth slows

DHAKA: Growth in the key UK service sector slowed last month, according to a closely-watched survey. The purchasing managers’ index (PMI) for the sector from Markit/CIPS fell from 53.5 in May to 52.3 in June. This matched April’s figure, which was the lowest since February 2013.

Business pessimism ‘doubles after Brexit vote’

DHAKA: UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests. The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote. The figure jumped from 25 percent the week

US shares continue post-Brexit rally

DHAKA: Wall Street closed higher for the fourth day running, as the major indexes continued to recover from last week’s UK vote to leave the EU. The Dow Jones rose 0.1%, to 17,949.37, reports the BBC. The broader based S&P 500 added 0.2% rising to 2,102.95, while the Nasdaq gained

EU says no trade talks until full Brexit

DHAKA: The European Union’s top trade official says the UK cannot begin negotiating terms for doing business with the bloc until after it has left. “First you exit then you negotiate,” Cecilia Malmstrom told BBC Newsnight. After Brexit, the UK would become a “third

BestSeller, GAP Inc. join Bangladesh PaCT

DHAKA: IFC, a member of the World Bank Group, is partnering with two global leading apparel companies BestSeller and GAP Inc. to catalyze the uptake of sustainable industrial practices in their supplier factories in Bangladesh. The project will be carried out by IFC’s Bangladesh

Bourses ends week with gain

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (May 29), the last trading day of the week. DSEX, the prime index of DSE, gained over 37.31 points or 0.83 percent to stand at