DHAKA: Bank of England governor Mark Carney has robustly defended his stance on the UK’s EU referendum debate and accused one of his prominent critics of trying to ‘undermine’ the Bank’s remit. The comments came in testy exchanges during Carney’s evidence to the Treasury

DHAKA: Dhaka Stock Exchange (DSE) witnessed loss of share prices indices while the Chittagong Stock Exchange (CSE) witnessed gain on Tuesday (May 24), the third trading session of the week. DSEX, the prime index of DSE, shed over 0.25 points or 0.005 percent to stand at 4394.06 points

DHAKA: A strike over new labor laws has spread to all of France’s eight oil refineries, the CGT union says, in an escalating dispute with the government. An estimated 20% of petrol stations have either run dry or are low on supplies, reports the BBC. Clashes broke out at one

DHAKA: Japanese shares lost ground following falls on Wall Street ahead of weak US economic data expected this week. Expectations that the US Federal Reserve might raise interest rates in June were also weighing down Asian investor sentiment, reports the BBC. The region’s largest

DHAKA: Japan expressed interest to invest in two economic zones following the Bangladesh government’s plan to create 100 economic zones across the country within 15 years. The country is working with Bangladesh Economic Zone Authority (BEZA) and Export Processing Zone (EPZ) in this

DHAKA: US retail company Gap said it was closing all of its Old Navy stores in Japan as part of a global reduction of outlets to save costs. The decision came after Gap reported a 47% drop in first-quarter profits, with revenue falling almost 6%, reports the BBC. The struggling

DHAKA: A UK vote to leave the European Union would cause an ‘immediate economic shock’ that could slow house price growth, George Osborne has said. In the event of a vote for Brexit, by 2018, houses could be worth up to 18% less than if the UK voted to remain, the chancellor told

DHAKA: US car-hailing company Uber has joined the race for driverless car technology, confirming it is testing a vehicle on the streets of Pittsburgh. The company said in a statement that it had outfitted a Ford Fusion with radar, laser scanners and cameras. The project is being

DHAKA: Bangladesh Bank (BB) has set the new time table for all banks and financial corporations for upcoming holy Ramadan. The office hour is set to begin at 9.00am and end at 4.00pm but the transaction will be open till 2.30pm. Moreover, the transaction will remain closed from

DHAKA: Former New York mayor Michael Bloomberg says that a Brexit vote on 23 June could hit UK-EU trade and leave British-based ‘employees worse off’. And he warns financial jobs could leave London for Paris or Frankfurt. Writing in The Times Bloomberg says ‘a vote to leave is

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 19), the final trading session of the week. DSEX, the prime index of DSE, gained over 28.56 points or 0.65 percent to stand

DHAKA: The US Federal Reserve could increase interest rates next month if the economic data support such a move, the central bank’s latest minutes show. But policymakers suggested they thought investors had not fully accepted such a move could come that soon, reports the BBC. The

DHAKA: Asian stock markets fell after the latest minutes from the US Federal Reserve indicated it could raise interest rates as soon as June. The central bank said it could raise rates next month if conditions were right. South Korea’s Kospi fell 0.5% to close at 1,946.78 while

DHAKA: Japan’s economy has dodged a recession after it grew faster than expected in the first three months of the year. Gross domestic product in the world's third-largest economy grew at an annualized pace of 1.7%. The better-than-expected growth rate came after higher

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share prices indices at the opening hours on Thursday (May 19), the final trading session of the week. DSEX, the prime index of DSE, gained over 31.98

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share prices indices for the third day on the trot on Wednesday (May 18), the fourth trading day of the week. DSEX, the prime index of DSE, gained over 37.67

DHAKA: Japanese stocks have risen after data showed the country’s economy dodged a recession and grew at an annual pace of 1.7% in the first quarter of the year. The better-than-expected growth rate came after higher government spending helped offset weakness in business investment

DHAKA: City Bank is now empowered to set new global standards in bank-card safety as it has recently earned ‘PCI DSS’ certification from ControlCase, a US-based security company. The document of certification was handed over to City Bank’s additional managing director Mashrur

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share prices indices for the second day on Tuesday (May 17), the third trading day of the week. DSEX, the prime index of DSE, gained over 37.99 points or 0.88

DHAKA: China’s ICBC Standard Bank, the world’s biggest bank by assets, has agreed to buy a massive vault in London. It will be the first Chinese lender to own a vault in London as it looks to grow its precious metals business, reports the BBC. The vault, which is in a secret