Tuesday, 19 Nov, 2024

Business

Bangladesh, Mexico sign MoU for regular consultations

DHAKA: Bangladesh and Mexico signed a Memorandum of Understanding (MoU) to hold regular bilateral political consultations between two nations. The first even Foreign Office Consultation (FOC) between Bangladesh and Mexico will take place in Dhaka, said press release of ministry of foreign

Chinese shares higher on back of global rebound

DHAKA: Chinese shares have returned to positive territory after massive losses there earlier in the week rocked markets around the globe.The Shanghai Composite was up by 0.6% to 2,942.94 points, reports the BBC.The turnaround though does little to make up double-digit percentage losses

Stocks witnessing gain

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 Thursday.DSEX, the key index of DSE, rose over 4.00 points to stand at 4809.66 at 12:06 pm.Trade deals stood at 34891 with

Stocks end higher Wednesday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday, the fourth trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 12.72 points to stand at 4805.65 at the close of day’s trading. Trade deals stood at 99720 with

China Shares end lower despite rate cut

DHAKA: Chinese shares have closed lower despite a fresh rate cut by the central bank.The mainland's benchmark Shanghai Composite fell 1.27% to 2,927.29, after veering in and out of negative territory, reports BBC.It had fallen about 16% this week, rocking global markets.On Tuesday,

China shares up amid sharp volatility

DHAKA: Chinese shares were up amid volatile trade as traders gauge the effect of a fresh rate cut by the central bank.The mainland's benchmark Shanghai Composite was 3.1% higher at 3,054.97, recovering from early morning losses.The index had fallen about 16% this week, sending shockwaves

Both DSE, CSE up at opening

DHAKA: Share price index at the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed positive trend in early hour’s of trading on Wednesday, the fourth trading day of the week.The DSE benchmark index, DSEX gained 11.11 points or 0.23

Chinese shares continued to lose ground

DHAKA: Chinese shares continued to lose ground despite the central bank's latest effort to reassure traders.The mainland's benchmark Shanghai Composite was down 1% in early trading to 2,934.27 points, reports BBC.The index had already fallen about 16% this week, sending shockwaves through

PM calls for increasing RMG prices

DHAKA: Prime Minister Sheikh Hasina asked the visiting UK international development minister Desmond Swayne to increase the prices of Bangladesh readymade garments.The PM made this call while Swayne met her at PMO in city on Tuesday afternoon.PM press secretary Ihsanul Karim briefed the

China keen to invest $350 mln in Bangladesh textile

DHAKA: Finance minister Abul Maal Abdul Muhith said that China is interested to invest 350 million USD in textile sector in Bangladesh.The minister made this disclosure to the media after signing an agreement on ‘Bangladesh-China Friendship Exhibition Centre’ project at finance

China cuts interest rates to boost economy

DHAKA: China has cut its main interest rate to boost growth in its economy.The People’s Bank of China cut its main interest rate by 0.25 percentage points to 4.6% after two days of stock market turmoil.It is the fifth interest rate cut since November and will take effect on Wednesday,

Asian Tourism Fair in city from Thursday

DHAKA: A three-day Asian Tourism Fair will begin at Bashundhara International Convention City (ICCB) in Dhaka on Thursday (August 27).Monthly magazine on tourism ‘Parjatan Bichitra’ will organize the fourth edition of the fair in cooperation with Bangladesh Tourism Board (BTB) and

Chinese stocks continue to tumble after global rout

DHAKA: Chinese stocks are again down on Tuesday, a day after their worst plunge since 2007 caused market losses around the world.The global sell-off was driven by fears that China’s slowing growth might pull down other economies.The benchmark Shanghai Composite fell 4% at midday on

India hikes onion export price by 64pc

HILI (DINAJPUR): India hiked the minimum export price of onion sharply by $275 per tonne that is about 64 per cent in a bid to control spiraling retail prices that reached Rs 80 per kg.The export price has been increased to $705 (Tk 54,861) from $430 (Tk 33,444) per tonne. The new price

Global share nosedive on China woes

SDHAKA: tock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.London’s FTSE 100 index was down by 2.6% in morning trade, while major markets in France and Germany lost nearly 3%.Shares in Asia were hit

Stocks end lower Monday

DHAKA: Both two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed downward trend in share-price indices on Monday.DSEX, the prime index of DSE, shed over 37.71 points only to stand at 4793.99 at the close on the second trading day of the

Int’l textile machinery expo from Sep 2

DHAKA: The 16th International Exhibition on Textile & Garment Technology, Machinery & Related Services 2015 will kick off in city on September 2. The exposition will remain open from 10:30am to 7:30pm till September 5 at Bangabandhu International Conference Centre.Interested people will

‘Decent growth ahead in UK’

DHAKA: The UK is to enjoy ‘decent quarterly GDP growth’ the CBI has predicted as it upgrades its forecasts for this year and next.The business lobby group now expects growth of 2.6% this year and 2.8% next year, up from its June forecast of 2.4% and 2.5% respectively.Increased

Chinese shares drop in dramatic slide

DHAKA: Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders.The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's losses.The

DSE, CSE see fall at opening

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- slipped in early hours of trading on Monday, the second trading day of the week.     DSEX, the broad index of the DSE, went down by 20.18 points or 0.41 per