Wednesday, 20 Nov, 2024

Business

Bourses see inflation Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Monday (June 27), the second trading session of week. The key index of Dhaka Stock Exchange, DSEX, gained over 32.60 points and 0.74

UK shares, pound continue to fall

DHAKA: UK shares have remained volatile in the wake of the Brexit vote, while the pound fell further against the dollar after Friday’s record one-day loss. The FTSE 100 index was down 0.4% at 6,111.42 in morning trade, although the decline was not as bad as some had feared, reports

Companies plan Brexit hiring freeze

DHAKA: Many companies are likely to impose a hiring freeze following Britain’s vote to leave the European Union, according to a leading business group. The Institute of Directors (IoD) surveyed 1,000 of its members and found that a quarter planned to freeze recruitment. The

FBCCI wants banks remain open on July 2, 3, 4

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Abdul Matlub Ahmad has demanded to keep banks open on July 2, 3 and 4. He also expressed concern saying that businesspeople may suffer for this vacation ahead of Eid. The top business leader made

Markets up at early hours

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gains in the opening hours on Monday (June 27), the second trading session of week. The key index of Dhaka Stock Exchange, DSEX, gained over

Japan shares up after Brexit rout

DHAKA: Japanese shares have managed to recover some ground after their historic plunge last Friday following the UK’s vote to leave the European Union. Traders are taking some confidence from a pledge by the Japanese government to stabilize the financial markets, reports the BBC.

Brexit cast shadow over global economy

DHAKA: China finance experts have warned that Britain’s decision to leave the European Union will ‘cast a shadow over the global economy’. Finance minister Lou Jiwei said the ‘repercussions and fallout’ will emerge over the next five to 10 years, reports the BBC. Huang

HSBC might move some staff to Paris

DHAKA: HSBC would move up to 1,000 staff from London to Paris if the UK left the single market, following Britain’s vote to leave the EU. The staff who would be relocated would be those who already process payments made in euros for HSBC in Canary Wharf, the BBC reports.

Javid plans ‘no panic’ UK business meeting

DHAKA: UK business secretary Sajid Javid says he will hold a meeting this week with business leaders following the UK’s vote to leave the European Union. Javid told the BBC his message to businesses was ‘there’s no need to be panicking’. The UK’s economic fundamentals are

Bourses start week with loss

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed loss on Sunday (June 26), the first trading session of week.   The key index of Dhaka Stock Exchange, DSEX, lost over 1.23 points and 0.02

Banks to remain closed on July 4

DHAKA: All the banks of the country will remain closed on July 4. Bangladesh Bank, the central bank of the country, took the decision as the country will apparently go into holiday from July 1 to 9 due to Eid-ul-Fitr as per executive order of the Prime Minister. BB deputy general

Slovenia eager to expand ties with Bangladesh

DHAKA: Slovenia is keen to deepen ties with Bangladesh, especially in the fields of bilateral trade, energy, science and technology, agriculture and light industries. Bangladesh state minister for foreign affairs M Shahriar Alam and state secretary of Slovenia foreign ministry Darja

Stock markets tumble after Leave vote

DHAKA: Wall Street and the FTSE 100 both fell sharply in a wild day of trading after the UK voted for Brexit. The London blue-chip index fell 7% in early trading to just over 5,800 points but ended the day 3.15% lower at 6,138, reports the BBC. New York and European markets all

Moody’s cut UK’s credit outlook to ‘negative’

DHAKA: The UK has had its credit rating outlook downgraded to ‘negative’ by the ratings agency Moody’s after the country voted to leave the EU. Moody’s said the result would herald ‘a prolonged period of uncertainty’, reports the BBC. Meanwhile, PM David Cameron is under

Asian millionaires ‘top wealth rankings’

DHAKA: Asian millionaires now control more wealth than those in North America, Europe and other regions, according to a report from finance firm Capgemini. Driven by China and Japan, Asia’s millionaires saw their wealth jump by 10% in 2015, the firm’s World Wealth Report found.

Bourses see gain on week’s last day

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on the last day of week (June 23).   The key index of Dhaka Stock Exchange, DSEX, gained over 15.21 points and 0.34 percent to stand at

Banks in industrial areas open July 2, 3

DHAKA: The bank units located in the industrial areas will remain open on July 2 and 3. Bangladesh Bank spokesperson issued an order in this regard on Thursday (June 23). However, the apparently nine-day government holidays for Eid-ul-Fitre will remain enforced to other banks and

Banks remain open on July 4

DHAKA: Banks will remain open on July 4 though Prime Minister Sheikh Hasina in her executive order declared the day as holiday. Chairman of Association of Bankers (ABB) and also Mutual Trust Bank managing director (MD) and CEO Anis A Khan confirmed the matter to banglanews on Thursday

Robi train ticketing solution makes Eid travel easy

DHAKA: Robi, as one of the leading digital service providers of the country, has brought a solution to the inconvenience of getting train tickets to visit their near and dear ones across the country during the eid holidays. The train ticketing service has been operational since January

Bourses end Wednesday on a high

DHAKA: Investors witnessed gain in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Wednesday (June 22), the fourth trading session of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 3.13