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Search results for: trade

Oil price steady amid rising US output

Reuters August 21, 2017 07:20:32

Oil markets were stable on Monday, though rising US output weighed on hopes the market will tighten after a 13 per cent fall in US crude inventories since March. Brent crude futures, the internationa...

China to re-launch the world's fastest bullet trains

AP August 21, 2017 06:54:07

China is re-launching the world's fastest bullet trains, running at 350 kilometers (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,25...

Bangladesh, India meeting tomorrow on courier shipments

-- August 21, 2017 06:47:32

Expanding courier shipments by the land ports between Bangladesh and India would help boost trade between two countries. This opinion was expressed at a research conducted by the South Asian Network...

Chittagong port project draws global operators

Jasim Uddin Haroon August 21, 2017 06:46:54

Five big global marine and inland terminal operators are queuing up for the contract to build Bangladesh's maiden specialised maritime terminal in Chittagong.   A local company is also an aspir...

Bus operators raise Eid ticket fares at will

FE Report August 21, 2017 04:08:22

Bus operators are charging exorbitant and arbitrary fares for advance tickets from the home-goers on the occasion Eid-ul-Azha.   A visit to some of the city's bus counters revealed that the ope...

Energy likely to be threefold costlier over next 10 yrs

FE Report August 20, 2017 04:28:04

Country's energy prices might see a threefold hike over next 10 years as the government opted for importing 'expensive' liquefied natural gas (LNG) from next year. Such prediction came from an energy...

BB likely to set deadline for anti-fraud compliance

-- August 20, 2017 04:16:46

Bangladesh Bank (BB) is likely to fix a deadline for banks to take 'compliance measures' to prevent fraudulence as the incidents of credit card forgery are on the rise.   According to a UNB sto...

'Salt prices increasing ahead of Eid-ul-Azha'

UNB August 20, 2017 03:48:40

Tanners are worried over the high prices of salt in the country ahead of the Eid-ul-Azha as it will raise the cost of rawhide preservation of sacrificed animals. Salt, an essential ingredient for the...

Walton fridge sales up by 30pc in Jan-July

FE Online Report August 19, 2017 08:04:02

The country’s electronic giant ‘Walton’ registered 30.29 per cent fridge sales growth in the first seven months of the current year compared to the same period in the last year. Acc...

Falling interest rates leave no bearing on apartment sales

Ismail Hossain August 19, 2017 08:02:39

The reduced rates of interest on housing loans have hardly made any impact on sales of flats as around 10,000 apartments still remain unsold, according to realtors.   Many members of the apex b...

AT&T considers sale of home security business

Reuters August 19, 2017 06:20:42

AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner...

Mongla port authority to follow UNESCO advice

Syful Islam August 19, 2017 04:45:12

The Mongla Port Authority (MPA) will dredge the outer bar of the channel of the Pashur river to facilitate movement of vessels with higher draft.   The dredging will take place as per the recom...

Visits to UK rise amid fall in pound

BBC August 19, 2017 04:29:28

The number of visitors to the UK rose to 3.5 million in June, up 7.0 per cent from the same month last year, according to official figures. The number of visitors from North America shot up by 34 per...

Tk 32b revolving fund soon to finance LNG import

Mehdi Musharraf Bhuiyan August 19, 2017 04:10:39

The government has moved to form a revolving fund worth Tk 32 billion to meet initial import cost of liquefied natural gas (LNG) meant for catering a growing energy demand.   The money, equival...

Fish output surpasses 4.0m tonnes in FY '17

FHM Humayan Kabir August 19, 2017 03:46:25

Bangladesh's fish production recorded a 61 per cent rise in last ten years and crossed the 4.0 million tonnes mark in the last financial year. Officials Friday attributed the rise in production to qu...

Hyundai plans long-range electric car

Reuters August 17, 2017 08:05:45

Hyundai Motor Co said on Thursday it was placing electric vehicles at the centre of its product strategy - one that includes plans for a premium long-distance electric car as it seeks to catch up to T...

Gold prices up on softer dollar

Reuters August 17, 2017 06:49:51

Gold rose on Thursday as the dollar remained subdued after minutes from the US Federal Reserve's July meeting hinted at a delay in further rate hikes, while palladium hit a fresh 16-year high. Spot g...

China bans weird and long company names

BBC August 17, 2017 06:08:29

China has banned companies from registering weird and long names. Last year, Beijing banned any more "bizarre" buildings. In recent years the country has seen buildings shaped like a teapot and anoth...

Oil rises as US crude stocks drop

FE Report August 17, 2017 05:42:12

Oil prices edge up on Thursday, clawing back some ground after losses in the previous session.   Traders said the market was range-bound as falling crude inventories provided price support whil...

Trade deficit widens 46 per cent, current account in red

Asjadul Kibria August 17, 2017 04:26:36

Bangladesh's merchandise trade deficit with the rest of the world widened 46.62 per cent in the past fiscal, leaving its current-account balance in the red. Bangladesh Bank released Wednesday an upda...

Gold prices firm ahead of Fed minutes

Reuters August 16, 2017 07:50:06

Gold prices firmed early on Wednesday as investors waiting for the release of minutes from the US Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes. Spot g...

Oil prices rise on inventory drop

Reuters August 16, 2017 07:28:25

Oil prices rose on Wednesday, lifted by declining US crude inventories, although markets were still restrained by general oversupply. The market focus was turning to the release of official Energy In...

Bill Gates donates $4.6b to charity

BBC August 16, 2017 07:09:40

Bill Gates has given away $4.6bn to charity in his largest donation since 2000. He remains the world's richest person, despite giving away 64 million shares in Microsoft. The shares are equivalent t...

Uber settles US allegations over data privacy

Reuters August 16, 2017 06:18:34

Uber Technologies has agreed to two decades of audits after US regulators found the ride-services company failed to protect the personal information of drivers and passengers and deceived the public a...

BB acting against lending on forged docs

Syful Islam August 16, 2017 05:45:03

The central bank is developing a collateral information system incorporating data on immovable properties which are used for getting loans aiming to prevent document forgery, officials said.  ...

Dollar revived by US data tonic, North Korea respite

-- August 16, 2017 05:28:20

The dollar hoarded hefty gains on Wednesday after strong US retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions in the Korean peninsula simmered...

BGB nab ‘hundi trader’ at Benapole

-- August 16, 2017 05:01:16

Border Guard Bangladesh (BGB) personnel in a raid arrested a suspected hundi trader along with Tk 2.85 million from Benapole Railway Station area in Sharsha upazila of Jessore district on Tuesday. T...

BBA finalises 39 km route involving $1.8b

Munima Sultana August 16, 2017 04:32:58

Bangladesh Bridge Authority (BBA) has finalised the route of another elevated expressway on the eastern-western side of the city. Officials said consultants of East West Elevated Expressway (EWEE) p...

Taxmen pace up PCA, reconcile taxable imported, released goods

Doulot Akter Mala August 16, 2017 04:04:49

The Customs have decided to enhance post-clearance audit (PCA) and reconcile imported and released goods as a strategy for achieving the revenue target for this fiscal. Officials said these two are p...

Conversion of bottle wastes into recycled resins can save $25m

Arafat Ara August 16, 2017 03:52:09

The import dependence on basic raw materials for manufacturing mineral water and beverage bottles and polyester yarn can be reduced by more than 30 per cent by converting bottle wastes into recycled r...