Tuesday, 19 Nov, 2024

Business

‘Revenue collection to exceed target’

DHAKA: National Board of Revenue (NBR) chairman Mohammad Nazibur Rahman commented that the collection of revenue will exceed the target this year as in the previous year.He made this comment at a launching ceremony of Dhaka Chamber of Commerce and Industries (DCCI) at NBR conference room

Stocks see fall Wednesday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange (DSE), shed over 40.20 points only to stand at 4511.31 at the close of day’s trading.Trade deals stood at

DSE, CSE witness early all

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – downward trend in early hours of trading on Wednesday.     DSEX, the prime index of the DSE, went down 22.08 points or 0.48 per cent to 4529.42 after the

Asian shares bounce on Japan Post debut

DHAKA: Asian markets headed higher on Wednesday as investor appetite picked up on the debut of the world's biggest share-offering this year: Japan Post.Japan Post and its banking and insurance units started trading in Tokyo after an initial public offering (IPO) topped $11.5bn (£7.4bn),

VW scandal widens to CO2 emissions

DHAKA: Volkswagen (VW) says it has found "irregularities" in carbon dioxide emissions levels, which could affect around 800,000 cars in Europe.The firm said the problem, which it came across while investigating diesel emissions, could cost about €2bn (£1.4bn).Brands including VW, Audi,

1-month ban on raw jute export from Nov 3

DHAKA: The government has imposed one-month ban on raw jute export from November 3 for a smooth supply of raw jute for the millers, who are working hand in hand to implement the MJPL. However, mobile courts will also be active against the traders involved in illegal stocking.Bangladesh

BMW profits rise on strong European sales

DHAKA: Carmaker BMW has reported a 20% rise in third-quarter profit, helped by strong European sales.The company said net profits rose to €1.6bn, up from €1.3bn a year earlier, when it was hit by one-off charges.The Munich-based carmaker reaffirmed its forecast for increased sales and

Asian markets head higher on Tuesday

DHAKA: Asian markets headed higher on Tuesday, recovering the previous session’s losses after taking a positive lead from Wall Street.US stocks closed higher despite mixed economic data - manufacturing activity slowed, but construction spending hit a seven-and-a-half year high.But gains

More VW cars found to be cheating tests

DHAKA: Volkswagen cars with bigger diesel engines also contained devices designed to cheat in emissions tests, according to US regulators.Porsche, Audi and VW cars are all included in this new investigation, which affects at least 10,000 vehicles.The Environmental Protection Agency (EPA)

StanChart seeks to raise $5.1bn

DHAKA: Asia focused UK bank Standard Chartered bank has announced plans to raise around $5.1bn through a share sale to boost its balance sheet and restructure some of its businesses.The capital raising was announced as part of the bank’s strategic review, reports the BBC.It came as

Remittance influx shrinks in October

DHAKA: In the fourth month of 2015-16 fiscal year the Bangladeshis residing and working abroad remitted around $108.76-crore which is $26.14-crore less than the earlier month.The amount of remittance, however, is more than the October of earlier year. In October of 2014, the amount of

First China-made passenger jet leaves production line

DHAKA: The first plane produced by a Chinese government initiative to compete in the market for large passenger jetliners has been unveiled in Shanghai.The Commercial Aircraft Corporation of China (COMAC) showed off its twin-engine C919 in a ceremony on Monday attended by some 4,000

Cost-cutting, fewer fines boost HSBC’s profit

DHAKA: Lower costs from regulatory fines have contributed to higher profits for HSBC.Pre-tax profit at Europe’s biggest lender jumped 32% from a year ago in the third quarter, beating analysts’ expectations.Its profit was $6.1bn, up from $4.6bn in the same period a year earlier and

Nissan Motors posts 40% rise in net profit

DHAKA: Japan’s second-biggest carmaker, Nissan Motor Corporation, has posted a rise of 37.4% in net income for the six months ending in September.The firm also revised its full-year to March 2016 forecast for global car sales to 5.5 million vehicles - up by 3.4% from a year earlier.Net

Stocks end higher Monday

DHAKA: Country's stock market marked gain in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 21.20 points only to stand at 4536.05 at the close of day’s trading. Trade deals stood at 82665 with volume of transactions

DSE recovers early fall

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway showing gain in share-price indices on Monday.After early hours’ fall, DSE broad index, DSEX, rose over 9.78 points or 0.21 per cent to 4524.63 after the first

Asian shares down on weak China PMI

DHAKA: Asian markets started the week with losses as investors’ confidence was dented by China’s manufacturing data.The official purchasing managers’ index (PMI) showed that factor activity unexpectedly shrank in October to 49.8, below the 50-point mark, which suggests

Market showing mixed

DHAKA: Trading on the country’s two bourses --Dhaka Stock Exchange (DSE) and Chittagong Stocks Exchange (CSE)--is underway showing mixed trend in share-price indices on Monday.DSEX, the broad index of DSE, went down over 6.17 points or 0.13 per cent to 4508.67 after the first one-hour

Stocks see significant fall Sunday

DHAKA: Investors witnessed significant fall in benchmark indices of the country’s bourses--Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- on Sunday, the first trading day of the week.DSEX, the key index of DSE, shed over 49.63 points only to stand at 4514.85 at the

Stocks witnessing fall

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Sunday, the first trading day of the week.The Dhaka Stock Exchange Broad Index (DSEX) shed over 38.73 points to stand at 4525.75 at 11:30am.Trade deals stood at 23110 with volume of