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Search results for: trade

Amazon affiliate to buy stake in Indian retailer

Reuters September 24, 2017 10:44:25

An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing.   Amazon.com NV Investment...

Users plead for raising Ctg port efficiency

Our Correspondent September 24, 2017 10:40:26

The Chittagong seaport users Saturday urged the authorities concerned to improve further the efficiency in container handling as well as documentation process and inspection of goods for reducing the...

May wants EU market access during Brexit implementation

-- September 23, 2017 21:31:16

British Prime Minister Theresa May said her country should have access to European Union market during implementation period of Brexit Britain.   “So during the implementation period, acc...

BHBFC to cut flat loan interest to single digit

-- September 23, 2017 21:23:42

Bangladesh House Building Finance Corporation (BHBFC) plans to lower the interest rate for its flat loan scheme to single digit as some private banks have already cut the interest rates on flat loans....

Teletalk booths to be set up at Rohingya camps

-- September 23, 2017 17:14:30

Service booth by state-owned Teletalk will be set up at Rohingya camps to provide them communication facility.   State Minister for Posts and Telecommunications Tarana Halim announced it on Sat...

T-Mobile, Sprint close to merger

Reuters September 23, 2017 15:38:59

T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp, people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth...

Over 0.40m sign petition backing Uber in London

BBC September 23, 2017 12:37:07

Hundreds of thousands of people have signed a petition calling for Transport for London to reverse its decision not to renew Uber's licence.   On Friday, the regulator said Uber was not "fit an...

Dhaka set to ink deal with EEU

Rezaul Karim September 23, 2017 10:54:33

Bangladesh is set to ink a deal with Eurasian Economic Union (EEU) in November to expand trade and commerce including duty-free market access to Russia and tap export potential in East European market...

Savers chase golden deer as GPO men pass on certificates sans bribe

Arafat Ara September 23, 2017 00:31:06

Savers face harassment and hassles at the General Post Office (GPO) of Dhaka while purchasing the government's savings instruments, according to savers and insiders.   Without references or gre...

Oil prices inch up as producers meet on output agreement

-- September 22, 2017 22:01:43

Oil prices were narrowly higher on Friday as the market waited to see whether major oil producers would back an extension to output cuts beyond March at a meeting in Vienna, reports Reuters.  ...

Uber loses licence in London

-- September 22, 2017 17:15:27

London's transport regulator stripped Uber of its licence to operate from the end of the month over allegations of lacking corporate responsibility.   "Uber's approach and conduct demonstrate a...

Boeing sees order boom from Asia

Reuters September 22, 2017 16:00:34

Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible. &nb...

Half of apparel units flout needs for safety committees

Monira Munni September 22, 2017 12:47:48

Nearly half of the country's ready-made garment (RMG) factories are yet to set up their safety committees despite having legal compulsion, sources said.   Recent findings of the Department of I...

Oil prices mixed in Asian trade

-- September 22, 2017 11:01:26

Oil prices were mixed in early Asian trade on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day.   Int...

Argentina’s late subsidy payments hurt gas producers

-- September 21, 2017 21:39:52

Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's...

Oil stays steady before OPEC meeting

-- September 21, 2017 21:38:52

Oil prices steadied on Thursday, holding most of their recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for mor...

PM invites US businesses to boost investment in Bangladesh

-- September 21, 2017 17:25:02

Prime Minister Sheikh Hasina has invited US business leaders to increase investment in Bangladesh citing mutual benefit of both countries.   The PM told this to the US-based Business Council fo...

Toshiba to sell chip unit for $18b

BBC September 21, 2017 13:36:45

Toshiba has sold its prized semiconductor business to a group led by US private equity firm Bain Capital in a bid to keep its struggling business afloat.   The $18 billion deal is designed to c...

Bangladesh enjoys trade surplus with Nepal

-- September 21, 2017 13:13:49

Nepal is now facing trade deficit with Bangladesh. Nepali export of lentils to Bangladesh plummeted in recent years. Lentils production in Bangladesh increased significantly.   Until a few year...

Cultivators grow organic summer veg in B'baria

Our Correspondent September 21, 2017 12:29:49

Summer vegetables have been successfully produced by applying the organic method and modern technology in nine upazilas of the district this season, sources said. The Department of Agriculture Exte...

Selling positive experiences for better performance

Raisa Zaman September 21, 2017 12:26:13

Do you remember the feeling you had when you bought a pretty piece of clothing on discount? That feeling is the experience which the shopping outlet is selling you.   In this myriad of products...

Oil dips on stronger dollar

-- September 21, 2017 11:29:52

Oil markets dipped on Thursday, weighed down by rising US crude inventories and production as well as a stronger dollar.   Brent crude futures LCOc1, the international benchmark for oil prices,...

Google signs $1.1b HTC smartphone deal

Reuters September 21, 2017 10:42:42

Alphabet Inc’s Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops the US firm’s Pixel smartphones, its latest push into hardware...

Crop insurance scheme starts clicking

FE Report September 21, 2017 10:38:41

Crop insurance scheme, launched as pilot projects in three districts, has so far settled claims worth over Tk 3.2 million on total 1,373 policies issued by the Sadharan Bima Corporation (SBC) giving a...

Leather products may get 15pc cash incentive for next five yrs

FE Report September 21, 2017 10:26:15

The government is preparing a policy to continue providing the existing cash incentive to the leather goods and footwear sector for next five years, aims at boosting exports as well as attracting fore...

Bangladesh Customs launches its website

-- September 20, 2017 20:19:10

All customs related services and information, including baggage rules, duty facilities, tariff list and information of outgoing passengers and list of duty-free products will now be available online a...

Saudi Arabia to lift ban on internet calls

Reuters September 20, 2017 15:59:22

Saudi Arabia will remove its ban on internet phone calls on Thursday, a government spokesman said, in a bid to stimulate online business as the kingdom looks to boost non-oil revenue.   All onl...

Oil prices rise in expectation of supply cut

-- September 20, 2017 12:29:39

Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut.   US West Texas...

Painting sector remains sluggish despite growth potential

Saif Uddin September 20, 2017 11:54:09

The country's painting sector, despite having immense potential, is not flourishing at an expected level mainly due to inadequate curating facilities and limited art collectors, insiders have said. &...

BB to strengthen farm loan monitoring

Siddique Islam September 20, 2017 10:36:50

The central bank is going to strengthen its monitoring and supervision for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture...