DHAKA: Mitsubishi Motors has forecast a net loss of 145bn yen ($1.4bn) for the current business year in the wake of its fuel efficiency scandal. In April, the Japanese carmaker admitted it had been falsifying fuel efficiency tests for decades. The expected loss marks the first fall

RANGPUR: The day has come with a different flair to the landless people on the bank of Teesta. The pumpkins cultivated on the vast charland of the river are now being exported to Malaysia. A boundless joy flickered to the eyes of the farmers of Kaunia and Gangachara upazilas getting

DHAKA: Investors witnessed fall in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Tuesday (June 21), the third trading session of the week. The key index of Dhaka Stock Exchange, DSEX, shed over 5.89 points

DHAKA: Investors are witnessing fall in the benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – at the opening hours on Tuesday (June 21). The key index of Dhaka Stock Exchange, DSEX, shed over 4.99 points and 0.11

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange- on Monday (June 20). The key index of Dhaka Stock Exchange, DSEX, shed over 18.77 points and 0.42 percent to stand at 4369.00 at the end of the

DHAKA: High interest rates and a lack of financial literacy are highlighted as major obstacles to factories in the Bangladesh Readymade Garment (RMG) sector from obtaining remediation financing. A report launched by the International Finance Corporation (IFC) and International Labour

DHAKA: The UK’s car industry, more leading businessmen, and the chairman of football's Premier League have backed the campaign to stay in the EU. The car industry’s trade body and company executives warned that leaving would increase costs and threaten jobs, reports the BBC.

DHAKA: Asian shares rallied on Monday on the latest British opinion surveys showing a resurgence of the vote to remain part of the European Union. The British pound also was higher, gaining 1.4% to the US dollar and 1.9% to the Japanese yen. Global markets were hit last week by

DHAKA: Investors witnessed fall in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange- on Monday (June 20). The key index of Dhaka Stock Exchange, DSEX, shed over 7.71 points and 0.17 percent to stand at 4380.07 at the opening till

DHAKA: Iran has reached a deal to buy 100 planes from US plane producer Boeing, and the two sides are awaiting approval by US Treasury authorities, according to the head of Iran’s Civil Aviation Organization. ‘The final obstacle in this area are only the permits from the US

DHAKA: A division of HSBC has agreed to pay $1.575bn to settle a 14-year lawsuit. It stems from a lawsuit the British bank inherited when it bought the US lender Household International in 2003. Shareholders accused Household International, now known as HSBC Finance, of inflating

DHAKA: A UK exit from the European Union could mean the UK misses out on up to 5.6% of GDP growth by 2019. The IMF has warned, reports the BBC. Brexit is the ‘largest near-term risk’ to the UK economy, the IMF said in its annual UK economic outlook. It added that the net

DHAKA: Microsoft has teamed up with California-based technology start-up Kind Financial, which helps businesses and government agencies track sales of legalized marijuana “from seed to sale”. It is the first-ever partnership of its kind for Microsoft, reports the BBC. Kind has

DHAKA: Volkswagen plans to launch 30 all-electric models to reposition itself as a leader in ‘green’ transport. Matthias Mueller, chief executive of Europe’s biggest carmaker, said huge investments would be needed as the firm moves beyond the ‘dieselgate’ scandal. He hopes

DHAKA: The Bank of England has warned that uncertainty about the EU referendum is the ‘largest immediate risk’ facing global financial markets. The Bank said there were ‘risks of adverse spill-overs to the global economy’ from the 23 June vote. It was ‘increasingly

DHAKA: The UK unemployment rate has fallen to 5%, the lowest since October 2005, according to official figures. The unemployment total fell to 1.67 million in the February-to-April period, down 20,000 from the previous quarter, the Office for National Statistics (ONS) said, reports the

DHAKA: Past and present Unilever bosses have said the firm would be ‘negatively impacted’ by Brexit. Economic uncertainty in the event of a UK vote to leave the EU would hit the consumer goods giant, a spokesman said, reports the BBC. He said Unilever was responding to questions

DHAKA: Engineering giant Rolls Royce has written to employees saying it wants the UK to stay in the European Union. Brexit would ‘limit any company’s ability to plan and budget for the future’, the firm said, reports the BBC. Meanwhile, the CBI has said a vote to Leave would

DHAKA: Investors witnessed rise in the benchmark indices of the country’s bourses – Dhaka Stock Exchange and Chittagong Stock Exchange- on Wednesday. The key index of Dhaka Stock Exchange, DSEX, rose over 2.90 points and 0.06 percent to stand at 4411.99 at the opening. Trade

DHAKA: Stocks in Japan ended a four-day losing streak and closed higher, despite shares in the US and Europe falling sharply on Tuesday on worries over the UK’s referendum on EU membership. Japan’s benchmark Nikkei 225 index closed up 60.58 points, or 0.4%, at 15,919.58, reports