Wednesday, 20 Nov, 2024

Business

Jaguar sales lift profit at Tata Motors

DHAKA: Strong sales of the luxury brand Jaguar Land Rover (JLR) have lifted profits at Tata Motors. India’s biggest carmaker saw quarterly profit triple to 51.7bn rupees (£527m) from 17.17bn in the same quarter last year, reports the BBC. JLR sales rose 28% in the three months to

Chinese stocks rally to three-week high

DHAKA: Chinese stocks have rallied to a three-week high, as investors bet that mainland shares will be included in a global index next month. The Shanghai Composite rose 2.67% to 2,898 points, with shares of financial companies leading the list of gainers. That is on market

DSE up, CSE down at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing mixed trends in share price indices on Tuesday (May 31), the third trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 1.88

BB cyber heist report to publish in 20 days

DHAKA: Finance minister Abul Maal Abdul Muhith said the final report about cyber heist of foreign reserve at Bangladesh Bank (BB) will be published from 15 to 20 days. He told this to the media after receiving the investigation report submitted by three-member committee led by former

DSE, CSE witness loss Monday

DHAKA: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), the two bourses of the country, witnessed loss of share prices indices on Monday (May 30), the second trading day of the week. DSEX, the prime index of DSE, shed over 3.77 points or 0.08 percent to stand at 4423.00

Probe body submits full report on BB heist

DHAKA: The committee constituted to investigate the cyber heist of foreign reserve at Bangladesh Bank (BB) submitted its full report to the finance minister AMA Muhith at his secretariat office on Monday afternoon (May 30). Committee head former BB governor Dr. Farashuddin handed over

Brexit ‘huge blow’ to UK economy

DHAKA: The World Trade Organisation’s former director-general has warned that the UK economy risks a ‘huge blow’ if it relies on the agency’s global trading rules in the case of an EU leave vote. The UK’s services would be particularly vulnerable, while manufacturers would

Japanese shares boosted by hopes of tax hike delay

DHAKA: Japanese shares have kicked off the week on a positive note on hopes that the government might delay a rise in sales tax due next year. The benchmark Nikkei 225 rose 0.82% at the open to 16,973.72 points, reports the BBC. Prime Minister Shinzo Abe wants to delay the

Bangladesh Expo begins in Thailand

FROM BANGKOK: A three-day Bangladesh Trade and Investment Expo has begun Monday (May 30) in Thailand to expand export basket and attract foreign direct investment. Export Promotion Bureau (EPB) and Bangladesh Embassy in Thailand have organized the event at Queen Sirikit National

Bourses see gain Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Sunday (May 29), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 38.77 points or

Brexit ‘serious risk to growth’ says G7

DHAKA: A declaration at the G7 meeting in Japan says a vote by the UK to leave the European Union would pose a ‘serious threat to global growth’. In its final statement, the group warned that a UK exit from the EU would reverse the trend of increased global trade, investment and

Bourses witnessing gain at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share prices indices on Sunday (May 29), the first trading day of the week. DSEX, the prime index of DSE, gained over 22.41 points or 0.51 percent to stand

Wall Street boosted by growth revision

DHAKA: US markets closed up on Friday as the government revised its figures for economic growth higher and consumer sentiment rose. The markets shook off comments from Federal Reserve chair Janet Yellen that interest rates should rise in the coming months. The Dow Jones Industrial

Bourses see gain Thursday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain of share prices indices on Thursday (May 26), the last trading day of the week. DSEX, the prime index of DSE, gained over 21.97 points or 0.50 percent to stand at

Oil hits $50 a barrel for first time this year

DHAKA: The price of oil has gone above $50 a barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. The benchmark Brent crude price hit $50.07 a barrel in Asian trade, reports the BBC. The rise followed US data on Thursday

Bourses see deflation Wednesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Wednesday (May 25), the fourth trading day of the week. DSEX, the prime index of DSE, shed over 28.03 points or 0.63 percent to stand

Tata considers bids for UK steel plants

DHAKA: Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have traveled to Mumbai for a Tata board meeting to discuss bids for Port Talbot and its other UK steel operations. Four bids are understood to have been submitted for the business, which also has sites at

Toyota hails a ride with Uber

DHAKA: Carmakers Toyota and Volkswagen have struck separate partnerships with rideshare companies Uber and Gett. The Japanese company will invest an unspecified amount in Uber and offer new leasing options for its drivers, reports the BBC. Toyota said the two companies would share

Cuba legalizes private businesses

DHAKA: Cuba’s government has announced that it is legalizing small and medium-sized private businesses. It is the latest stage of reforms begun when President Raul Castro took over from his brother, Fidel in 2008. Raul Castro has been trying to stimulate Cuba’s stagnant economy

Robi refutes allegation of compromising mobile money

DHAKA: Robi, one of the largest telecom service providers of the country, refuted a news report regarding a mobile SIM being used to access a mobile money account by a third party. Robi clarified the matter in a press release issued on Tuesday (May 24). The release said: “Our