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The Financial Express

Search results for: economy

Kerala floods impact a fifth of India’s coffee production

Kerala floods impact a fifth of India’s coffee production

-- 2018-08-22 18:35:38

Kerala is the second largest coffee producing state in India, contributing to over a fifth of the country’s total production and employing over 44,000 people, according to a report by LiveMint....

US, China to resume trade talks in Washington amid low expectations

US, China to resume trade talks in Washington amid low expectations

-- 2018-08-22 16:38:54

US and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by US President Donald Trump that there would be no real progress, reports Reuters. The...

Lira steady after Bolton says Turkey made ‘big mistake’ over pastor

Lira steady after Bolton says Turkey made ‘big mistake’ over pastor

-- 2018-08-22 16:17:55

The under-pressure lira held steady against the dollar on Wednesday after US President Donald Trump’s national security adviser said Turkey had made a “big mistake” in not freeing a...

Kuwait, Iraq to study developing shared oilfields: Oil minister

Kuwait, Iraq to study developing shared oilfields: Oil minister

-- 2018-08-22 16:08:18

Kuwait and Iraq will appoint consultants soon to study the development of shared oilfields, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday, according to Reuters. Production from cross-borde...

Japan, China seek to restart FX swap line in sign of warming ties

Japan, China seek to restart FX swap line in sign of warming ties

-- 2018-08-21 17:59:28

Japan and China are in talks to resume a currency swap arrangement between their central banks worth about 3.0 trillion yen (£21.3 billion), Kyodo News agency reported on Tuesday, according to R...

Business community hopeful Imran can pull Pakistan out of economic mire

Business community hopeful Imran can pull Pakistan out of economic mire

-- 2018-08-21 17:17:45

Business community on Monday appreciated Prime Minister Imran Khan’s maiden speech to the nation and reposed full confidence in his leadership abilities to pull the country out of multiple cha...

Rosatom starts installation of core catcher at Rooppur nuclear power plant

Rosatom starts installation of core catcher at Rooppur nuclear power plant

-- 2018-08-21 16:54:31

  Russian Rosatom has started installation of the core catcher protection system at the construction site of unit 1 of the 2.4GW Rooppur nuclear power plant in Bangladesh.   According to...

Greek PM heads to Odysseus’ home at end of bailout journey

Greek PM heads to Odysseus’ home at end of bailout journey

-- 2018-08-21 16:46:16

 Prime Minister (PM) Alexis Tsipras headed to the Greek island of Ithaca on Tuesday in a gesture laden with classical symbolism as the country emerges from nine years of crisis and international...

Azerbaijan’s drilling co eyes to expand activity in Bangladesh

Azerbaijan’s drilling co eyes to expand activity in Bangladesh

-- 2018-08-21 15:33:14

Azerbaijan’s drilling company SOCAR-AQS intends to expand its activity in Bangladesh, director general of the company Ramin Isayev told Trend on August 20. Earlier, SOCAR-AQS won a tender for d...

Malaysian PM says China-financed projects canceled

Malaysian PM says China-financed projects canceled

-- 2018-08-21 14:54:52

Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren’t needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister M...

Greece exits final bailout successfully: ESM

Greece exits final bailout successfully: ESM

-- 2018-08-20 12:39:55

Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis, the euro zone's ESM rescue fund said on Mon...

BB pumps Tk 3.6b into three banks

BB pumps Tk 3.6b into three banks

Siddique Islam 2018-08-20 09:59:11

The Bangladesh Bank (BB) injected funds amounting to nearly Tk 3.60 billion into three banks on Sunday to help minimise their cash withdrawal pressure ahead of the Eid-ul-Azha, officials said. The ce...

BD to participate at World Skills Competition in Russia

BD to participate at World Skills Competition in Russia

FE Online Desk 2018-08-19 13:59:57

Bangladesh is going to participate at the World Skills Competition to be held in Russia in next year. WorldSkills is the collective voice for skills excellence and development in vocational, technolo...

BJMC gets Tk 1.0b fund for paying wages to workers

BJMC gets Tk 1.0b fund for paying wages to workers

FE Report 2018-08-19 10:38:58

The government has funded Tk 1.0 billion to provide wages and festival allowances for jute mill workers, officials said. The textiles and jute ministry released the non-development loan for the Bangl...

GPS completes first-tranche  subscription of BGBS shares

GPS completes first-tranche subscription of BGBS shares

FE Desk 2018-08-18 14:31:34

Thailand’s Global Power Synergy (GPS) Group Company Limited has made the first-tranche subscription of 100 million shares of Beijing Gas Blue Sky (BGBS) Holdings Limited. The second tranche of...

ADBI speaker series on WTO on Sep 3

ADBI speaker series on WTO on Sep 3

FE Online Desk 2018-08-18 13:37:53

Asian Development Bank Institute (ADBI) will hold its Distinguished Speaker Series: Report on Revitalising Multilateral Governance at the World Trade Organisation on September 3 at ADBI, Tokyo, Japan....

India's FX reserves may fall below $400b mark

India's FX reserves may fall below $400b mark

-- 2018-08-18 12:34:40

The foreign exchange reserves of India has come within striking distance of falling below the $400 billion mark as the rupee coming under severe pressure due to meltdown in the Turkish lira. The FX...

Singapore's non-oil domestic exports surge in July

Singapore's non-oil domestic exports surge in July

-- 2018-08-17 12:34:21

The non-oil domestic exports (NODX) of Singapore grew 11.8 per cent year on year in July, Enterprise Singapore, a government agency that champions enterprise development, announced on Friday. The c...

Call rate rise unlikely ahead of Eid-ul-Azha

Call rate rise unlikely ahead of Eid-ul-Azha

Siddique Islam 2018-08-17 10:15:26

The inter-bank call money rate is unlikely to rise ahead of the Eid-ul-Azha, as the overall excess liquidity with the banks increased by over 22 per cent or Tk 171 billion in this June. The call mone...

S Korea posts trade surplus for 78 months to July

S Korea posts trade surplus for 78 months to July

-- 2018-08-16 13:22:19

South Korean economy posted trade surplus for 78 months to July due mainly to strong demand for locally-made semiconductors and oil products, customs office data showed Thursday. Revised figure for t...

Bangladesh to increase wheat imports 10pc in 2018/19

Bangladesh to increase wheat imports 10pc in 2018/19

-- 2018-08-15 20:38:23

Bangladesh will import around 6.5 million tonnes of wheat in the next marketing year, the USDA’s local branch in the country estimated, according to a report published on www.agricensus.com Wedn...

DHL eCommerce announces partnership with Shopee

DHL eCommerce announces partnership with Shopee

FE Online Desk 2018-08-15 13:51:43

KUALA LUMPUR - Media OutReach - 15 AUGUST- DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group (DPDHL), today announced its partnership with Shopee, the leading...

Turkey doubles tariffs on US products

Turkey doubles tariffs on US products

-- 2018-08-15 11:40:19

Turkey has doubled tariffs on some US imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate US attacks on the Turkish economy. The move...

Dhaka city to get 0.85m pre-paid meters

Dhaka city to get 0.85m pre-paid meters

FE Report 2018-08-15 09:40:58

The government has approved a Tk 6.58 billion project to install 0.85 million pre-paid meters in Dhaka city. The Dhaka Power Distribution Company (DPDC) will implement the project. Presided over by...

Mahathir for opening up BD worker recruitment to all agencies

Mahathir for opening up BD worker recruitment to all agencies

-- 2018-08-14 20:18:22

The Malaysian government wants to open up the recruitment of workers in Bangladesh to all agencies to break the monopoly on the business and reduce processing fees, according to a report by New Strait...

Export earnings grow by 20pc in July

Export earnings grow by 20pc in July

FE Online Report 2018-08-14 17:32:31

Country's earnings from goods exports grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY19). A notable rise in apparel export played a role in the growth. The...

ECNEC approves Tk 8.26b livelihood programme

ECNEC approves Tk 8.26b livelihood programme

-- 2018-08-14 15:25:53

The Executive Committee of the National Economic Council (ECNEC) today (Tuesday) approved the ‘Improvement of Livelihood of Marginal Communities Programme’ at an estimated cost of Tk 8.261...

UK jobless rate falls to lowest since 1975

UK jobless rate falls to lowest since 1975

-- 2018-08-14 15:23:01

Britain’s unemployment rate fell to its lowest since 1975 during the second quarter (Q2) and productivity picked up, but wage growth slowed, official data showed on Tuesday. The number of Eur...

China's economy cools further,  investment growth at record low

China's economy cools further, investment growth at record low

-- 2018-08-14 12:02:35

China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and ret...

'Huge foreign investment will come in FY19'

'Huge foreign investment will come in FY19'

-- 2018-08-13 21:14:16

Planning Minister AHM Mustafa Kamal has said Bangladesh will receive huge foreign direct investment (FDI) in the current fiscal year. "The actual FDI amounting some seven to eight billion US dollars...