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Search results for: trade

Consumers shifting to non-cash shopping, slowly

FE Online Report September 05, 2017 10:54:42

Consumers in the country are slowing adopting non-cash means of shopping.   The trend is reflected in the growing transactions through the point-of-sale (POS) machines.   Latest statisti...

Ctg port records all-time high container handling

Pankaj Dastider September 05, 2017 10:16:58

The Chittagong port handled a record volume of containers -- 2,30,725 TEUs -- in August, which surpassed the previous record made in March this year.   The country's prime maritime port has br...

Prices of rawhide, skins fall sharply this year

 Jasim Uddin Haroon and Talha Bin Habib September 05, 2017 09:54:23

The prices of rawhide and skins have dropped significantly this year as a section of tanners and traders were reluctant to raise its prices.   Many believe the government's announcement on keep...

Govt retakes eight mills as private operators fail

Monira Munni September 05, 2017 09:50:59

The government has taken back eight jute and textiles mills from their private entrepreneurs as the latter breached the major terms and conditions of privatisation, officials said. Failure to creat...

Tyremaker Pirelli to sell 40pc stake in Milan mkt comeback

-- September 04, 2017 20:42:07

MILAN, Sept 4 (Reuters): Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 per cent of its capital in an initial public offering as it plans to...

Novartis CEO to step down in January

-- September 04, 2017 16:57:23

Novartis AG said its Chief Executive Joe Jimenez is to step down in January after leading the Swiss pharmaceutical giant through a tumultuous eight years marked by big patent expiries and intensifying...

Service trade crosses $10 billion mark in FY17

FE Online Report September 04, 2017 14:32:10

The country’s trade in service with the rest of the world crossed the $10 billion level in the past fiscal year (FY17).   Latest statistics of the central bank showed that total value of...

Meeting between Prime Exchange, Monetary Authority of Singapore held

FE Online Desk September 04, 2017 14:00:03

Recently a meeting was held between Prime Exchange Co. Pte.  Ltd. Singapore and Monetary Authority of Singapore. Marcus Lim, Deputy Director & Head of Payment & Infrastructure Division, T...

Novartis's CEO stepping down

Reuters September 04, 2017 13:16:29

Novartis Chief Executive Joseph Jimenez will retire in 2018, with chief drug developer Vasant Narasimhan taking over as CEO starting in February, the Swiss drugmaker said on Monday.   Jimenez,...

UN body endorses ICC Rules for Forfating

FE Online Report September 04, 2017 11:23:22

The United Nations Commission on International Trade Law (UNCITRAL) has endorsed the International Chamber of Commerce (ICC) Uniform Rules for Forfaiting.   The rules are complied in the ICC Pu...

Oil markets volatile in wake of Harvey

Reuters September 04, 2017 10:41:46

Oil markets were volatile on Monday, with US crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test...

Outward EFTN posts 17pc growth in FY17

FE Online Report September 04, 2017 10:02:05

Outward electronic fund transfer or EFTN stood at Tk 1063.92 billion during the past fiscal year (FY17), according to the latest statistics of the central bank.   The amount was Tk 909.53 bill...

Pippa to close her publishing business

-- September 03, 2017 20:41:15

Pippa Middleton is reportedly in the process of closing up her publishing business after its profits drastically plummeted in just a span of one year. Rumors suggest that Prince William may have influ...

Xi says BRICS must promote open world economy

-- September 03, 2017 17:06:10

The BRICS group of emerging economies must promote trade liberalisation and an open world economy, Chinese President Xi Jinping said at a business meeting on Sunday at the start of a three-day summit...

Upgraded China-Nepal border to boost trade, tourism  

-- September 03, 2017 15:39:02

  Nepali business leaders have hoped that trade and tourism between Nepal and China would be boosted after the Rasuwagadi-Kerung (Geelong Port) border crossing was recently upgraded into an in...

Trump hints at withdrawal from US-South Korea free trade deal

-- September 03, 2017 13:03:38

President Donald Trump said on Saturday he will discuss the fate of a five-year-old US-South Korean free trade deal with his advisers next week in a move that could see him pull out of the accord with...

Texas refineries begin restart

-- September 03, 2017 12:03:29

A number of key Texas refineries worked to reopen or resume normal operations on Saturday, a week after Hurricane Harvey knocked out nearly one quarter of the US refining capacity and sent gasoline pr...

NAFTA negotiators seek to enshrine Mexico’s energy reforms

-- September 03, 2017 11:14:06

  US, Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernised North American Free Trade Agreeme...

Huawei unveils faster phone chip

-- September 03, 2017 11:02:30

Huawei aims to use artificial intelligence-powered features such as instant image recognition to take on rivals Samsung and Apple when it launches its new flagship phone next month, a top executive sa...

Hyundai Motor replaces head of China operation

-- September 03, 2017 10:58:56

Hyundai Motor has replaced the head of its Chinese operation, media reports said on Saturday, as it struggles to regain a foothold in the world’s biggest auto market amid a diplomatic spat betwe...

Retail US gasoline prices surge on Harvey supply disruptions

-- September 02, 2017 22:56:19

 Retail U.S. gasoline prices continued to rise as pipelines and terminals remained closed in Texas a week after Harvey made landfall as a Category 4 hurricane, forcing refineries to warn customer...

Japanese co to dredge channel for power project at Matarbari

FE Desk September 02, 2017 16:33:10

Penta-Ocean Construction will dredge a 14km access channel for cargo ships carrying coal for power plant project at Matarbari. The company will also handle land reclamation and other preparations for...

Bank of Canada to hike rates in October

-- September 02, 2017 13:46:18

The Bank of Canada (BoC) is likely to leave interest rates unchanged at its Sept. 6 meeting and wait until October to raise them, allowing time for more data to show whether still-tame inflation press...

Retail US gasoline prices surge after Harvey

-- September 02, 2017 13:04:39

Retail US gasoline prices surged to two-year highs on Friday and global shipping routes were scrambled, even as some US oil refineries began restarting in the wake of Hurricane Harvey, according to Re...

Airberlin cancels operations to, from Abu Dhabi

-- September 02, 2017 10:56:42

German carrier airberlin will cancel its operations between Berlin and Abu Dhabi starting September 15 just weeks after the airline filed for insolvency, according to Gulf News.   Abu Dhabi&rsq...

Cattle business brisk on Eid eve

-- September 01, 2017 22:31:35

The markets set up in Dhaka to sell sacrificial animal for Holy Eid-ul-Azha have been full of trade a day before the second religious festival of Muslims. The traders said sale picked up pace after T...

Australian CBA risks global scrutiny

-- September 01, 2017 18:25:05

Commonwealth Bank of Australia (CBA) confirmed on Friday that its internal reporting had flagged shortcomings in its monitoring of offshore transactions as early as February, well before it was accuse...

Ticket pricier as people crowd city bus terminals

-- September 01, 2017 18:09:44

People have been paying extra for last-minute tickets out of Dhaka. Huge crowds continued to descend on the bus terminals at Dhaka’s Kalyanpur, College Gate and Gabtoli on Friday, a day before...

Danish co to provide marine services at Bangladesh LNG terminal

FE Desk September 01, 2017 17:31:13

  Svitzer has announced the signing of a fifteen-year deal to provide marine support services at Bangladesh’s first LNG import terminal.     This latest success for the Copenh...

Copa Airlines celebrates 70th anniversary  

-- September 01, 2017 14:26:52

Copa Airlines, a subsidiary of Copa Holdings, and a member of the global Star Alliance network, celebrated its 70-year history with a special event that was held in its Maintenance Hangar in Tocumen I...