Tuesday, 19 Nov, 2024

Business

Volkswagen sales fall 20% in the UK

DHAKA: Sales of Volkswagen cars fell 20% in the UK last month following the diesel emissions scandal.In November, 12,958 new VWs were registered, down from 16,196 in November 2014, SMMT figures show, reports the BBC.Other VW Group marques were also hit, with Seat down 24%, Skoda down 11%

US economy adds 211,000 jobs in Nov

DHAKA: US jobs growth remained solid in November as the economy added 211,000 jobs, slightly above expectations.The data, from the Bureau of Labor Statistics, also showed the jobless rate held at its seven-and-a-half year low of 5%, reports the BBC.The jobs stats showed that the

Banks asked to give defaulters’ info

DHAKA: Bangladesh Bank asked all scheduled banks and financial institutions to provide loan defaulters’ information to returning officers or assistant returning officers for upcoming municipal elections.The BB has sent the directives to the banks on Thursday following the instruction of

Power-Solar-Real Estate-Construction expo opens

FROM ICCB, DHAKA: A three-day international exhibition on power, solar, real estate and construction materials has started in city.The event was inaugurated on Thursday (December 3) afternoon at International Convention City Bashundhara (ICCB).Housing and public works minister Engineer

Stocks see gain Thursday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 21.52 points to stand at 4641.03 at the close of day’s trading.Trade deals stood at 133802 with

China, South Africa sign $6.5bn in deals

DHAKA: China and South Africa have signed deals and loans valued at $6.5bn, with the focus on building infrastructure in the African giant.The deals were announced during a four-day visit by Chinese President Xi Jinping to increase trade and investment between the two countries.About 26

Govt bans raw jute export

DHAKA: The government has ordered to stop export of raw jute till the issuance of next directives.The ministry of textiles and jute issued a gazette notification in this regard on Thursday.It said export of raw jute was forbidden for implementing the Mandatory Jute Packaging Act-2010

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Thursday, the last trading day of the week. DSEX, the key index of Dhaka Stock Exchange, rose over 22.04 points to stand at 4641.55 at 12:15 pm.Trade deals stood at 57797 with transaction at

Asia shares weighed down by oil price

DHAKA: Asian shares were lower on Thursday as falling oil prices weighed on energy stocks in the region.The US dollar also strengthened after Federal Reserve chair Janet Yellen signaled readiness to raise interest rates, reports the BBC.Brent crude also tumbled over 4% to $42.49 a barrel

Stocks see minor fall Wednesday

DHAKA: Country's stock market marked minor fall in its price indices on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 2.16 points only to stand at 4619.51 at the close of day’s trading. Trade deals stood at 129051 with volume of

Volkswagen US sales fall by 25% in Nov

DHAKA: German carmaker Volkswagen has seen its US sales decline sharply as a result of the continuing emissions scandal.November sales were down by 24.7% from the previous year, reports the BBC.The company said the drop reflected ‘the impact of the recent stop-sale for all 2.0L

Asian shares mixed despite Wall Street lead

DHAKA: Asian stocks were mixed on Wednesday despite getting a strong lead from Wall Street as the markets took a break from the previous session’s rally.The Dow Jones and S&P 500 indexes climbed over 1%, starting the month with gains overnight, reports the BBC.But Japan’s Nikkei 225

DSE, CSE up at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Wednesday.     DSEX, the prime index of the DSE, rose over 11.70 points or 0.25 per cent to 4633.38 after the first

UK celebrate procurement, supply management success in Bangladesh

DHAKA: An event at the British High Commission Monday night celebrated the work of The Chartered Institute of Purchasing & Supply (CIPS), a leading UK professional body, in training Bangladesh government staff in procurement and supply management.Supported by The World Bank, CIPS has been

Novoair reaches Myanmar

DHAKA: The first international flight of Novoair, the premier private airlines of the country, reached Yangon of Myanmar around 1:15pm (Bangladesh time).Manager (marketing & sales) of the airline KM Mahfuzul Alam told banglanews that the Embraer ERJ 145 jet took off from Hazrat Shahjalal

IMF approves China’s yuan as reserve currency

DHAKA: The International Monetary Fund (IMF) has approved China’s yuan into its elite reserve currency, in a decision described as ‘an important milestone’ for the world’s second largest economy.With the decision, the yuan, also known as the renminbi, will join the US dollar,

Bangladesh to provide ports to Nepal for fuel import

DHAKA: Bangladesh Ambassador to Nepal Mashfee Binte Shams said that Bangladesh would provide transit facility if Nepal imported petroleum products from third countries.Stating that Bangladesh was aware about the existing fuel crisis in Nepal, the Bangladeshi diplomat on Monday said the

Govt to form business council with EU

DHAKA: Government will form a business council with the European Union (EU) involving Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).Commerce minister Tofail Ahmed informed the media after a

Stocks see slight gain Monday

DHAKA: Investors witnessed slight gain in the benchmark indices of the country’s bourses on Monday, the second trading day of the week.DSEX, the Broad Index of Dhaka Stock Exchange, rose over 0.23 points to stand at 4580.99 at the close of day’s trading.Trade deals stood at 107052

Market showing mixed

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing mixed trend in share-price indices on Monday.DSEX, the general index of DSE, shed over 2.38 points or 0.05 per cent to 4578.37 after the first one-hour of