Loading...

Search results for: trade

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...

VW brand chief vows to boost SUVs sales

-- September 01, 2017 12:03:13

A top executive of German automaker Volkswagen AG said Thursday the company expects to boost its sport-utility vehicle (SUVs) sales sharply by 2020 and will move to add electric vehicle offerings in t...

Export to China crosses $700m in Jan-July

FE Online Report September 01, 2017 11:30:39

Country’s merchandise export to China crossed $700 million level in the first seven months of the current calendar year.   Latest statistics of the Export Promotion Bureau (EPB) showed th...

Gold edges lower

-- September 01, 2017 11:25:13

Gold inched lower on Friday as mild profit-taking set in after recent rallies and as investors awaited US jobs data for direction on interest rates, but safe-haven demand kept prices near 9-1/2 month...

US refinery may be shut up to two weeks

-- September 01, 2017 11:10:54

Motiva Enterprises’ Port Arthur, Texas, refinery, the nation’s largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant o...

Medium sized cows in high demand

-- September 01, 2017 10:41:15

Many buyers in Dhaka were demanding medium size cows on Thursday as sales of cattle at different markets picked up momentum, two days ahead of Eid-ul-Azha.   Small size cattle are being sold fr...

Dhaka cattle markets look gloomy

-- September 01, 2017 10:24:26

The cattle markets in Dhaka looked very busy on Thursday, but the traders complained that "not many cattle were being sold".   On the other hand, the customers said they were waiting for a furt...

Samsung gives home appliances to NRBs

FE Online Desk August 31, 2017 15:44:01

Samsung Electronics Bangladesh has given TVs and refrigerators to families of Non Resident Bangladeshis (NRB) on the occasion of Eid-ul-Azha recently.   This is Samsung’s gesture of grat...

Wärtsilä to supply engines for power plant in Bangladesh

FE Desk August 31, 2017 14:12:00

Wärtsilä will supply the engines for a new 220 MW baseload power plant to be installed in Chandpur in Bangladesh. Wärtsilä Energy Solutions is a leading global energy system integ...