Business Desk :The High Court has ordered chemical testing of all kinds of spices marketed by Pran Agro Ltd to...
The new government’s major challenge is to restore faith in a bid to accelerate economy, former Bangladesh Bank Governor Md...
Xinhua, LondonMore than 500 people from various circles of Britain gathered in London Tuesday exchanging views on China’s transformation and the opportunities for British Companies, as British Prime Minister David Cameron claimed that China is a market that the two countries can cooperate for growth and reform.At the Chinese Business Conference, the third of the annual event organized by the China Britain Business Council in London, participants had in-depth discussions on such subjects as China in transformation, positioning Britain, opportunities...
Xinhua, WashingtonSeveral US economic indicators improved in 2013, but millions of Americans remain jobless after the end of the worst economic downturn in decades.Americans’ confidence in the US economy saw a boost in 2013, with May and June marking the two best months since 2008, according to a Gallup report released Thursday.U.S. consumer spending-the driving force of the world’s largest economy-reached its highest level since 2008, with Americans reporting a jump in their daily spending to 88 U.S. dollars in...
Xinhua, SingaporeSingapore’s central bank has said that the country is not in danger of being caught in a credit bubble that puts it or the banking system at any risk of crisis.Local daily Straits Times Wednesday quoted the bank as saying in a statement that “serious observers and investors” have no doubt over the nation’s financial health.It highlighted three facts, with the first being that the property market is stabilizing. It also said that the household balance sheets are strong...
Business DeskThe 135th Executive Committee meeting of Takaful Islami Insurance Limited was held at the head office of the company recently. Chairman of the Executive Committee Md Humayun Kabir Patwary presided over the meeting which was attended by Emdadul Haque Chowdhury, Md Mofiz Uddin, Md mohiuddin and other members of the committee.KAM Ferdous, Managing Director and Abul Kalam Azad, General Manager and Company Secretary were also present.The meeting discussed various issues pertaining to development of business of the company and...
Xinhua, DamascusThe Syrian pound, which remained stable for more than four months, has slightly depreciated over this month, prompting the government to take measures to prevent any further decline.The pound has declined from 144 pounds per US dollar to 160 pounds in the black market over the past three days ahead of the Geneva II peace conference on Syrian crisis, which is due to convene on Jan. 22. However, Syrian government’s quick intervention has succeeded in pushing up the price...
Business DeskNur Mohammad Akon, formar alternate director of Islami Bank Bangladesh Limited passed away on Wednesday at a city hospital...
Xinhua, Vienna :The world oil market share of OPEC (Organization of the Petroleum Exporting Countries) declined while non-OPEC oil supply...
AFP, London :ARC Ratings, five credit ratings agencies mainly from emerging markets, launched Thursday a rival to the sector’s main players including Fitch and Moody’s.Pitching itself as a new international credit ratings agency, ARC hopes also to take clients from Standard & Poor’s (S&P), which along with Fitch and Moody’s, faced heavy criticism following the financial crisis.ARC said it would introduce new financial risk ratings to sit alongside long- established debt grades such as the top triple A rating. But...
Xinhua, Dubai :The United Arab Emirates (UAE) is expected to attract 14.4 billion U.S. dollars foreign direct investments in 2014, representing a 20 percent year-on-year increase, undersecretary for the Ministry of Economy and Foreign Trade said here Thursday.Speaking ahead of the Annual Investment Meeting 2014, Abdulla Al-Saleh said the UAE benefited a lot in 2013 from global economic recovery, its liberal and open economy, and Dubai’s winning of the bid to host the World Expo in 2020.The expected growth in...