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Search results for: trade

Global oil rises to 26-month high

-- September 26, 2017 14:31:08

Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world....

Meenabazar celebrates 15th anniversary

-- September 26, 2017 11:59:01

Meenabazar, country’s one of the largest grocery store, has celebrated its 15th anniversary at Dhanmondi outlet of the grocery shop recently. CEO of Gemcon Food & Agricultural Products Limi...

Gold prices to fall again

FE Report September 26, 2017 00:34:26

Prices of gold have been revised downward further in a week to keep it compatible with those of international market, jewellers said. In a statement, the Bangladesh Jewellers Samity (BAJUS) statement...

Bangladesh signs deal to import LNG from Qatar

-- September 25, 2017 19:13:10

Bangladesh signed an agreement with Qatar’s RasGas to import to import up to 2.5 million tonnes of Liquefied Natural Gas (LNG) annually.   The state-run Petrobangla's chairman Abul Mansur...

UK will need to boost capacity: Scottish Power

-- September 25, 2017 18:16:44

The energy firm said electric cars and a shift to electric heating could send demand for power soaring, reports BBC.   Its chief executive also said there would have to be a major investment in...

EU seeks more protection for Uber-style jobs

Reuters September 25, 2017 12:12:29

The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing soci...

Global oil prices hold gains

-- September 25, 2017 11:59:50

Oil prices stood little changed on Monday as major producers meeting in Vienna said the market was well on its way towards rebalancing.   The OPEC, Russia and several other producers have cut p...

Walt Disney threatens to pull ESPN from Optimum

Reuters September 25, 2017 11:31:07

Walt Disney Co (DIS.N) has threatened to pull its programming from the fourth largest US cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, the cable co...

Small factories fighting losing battle with large ones

Monira Munni September 25, 2017 10:38:10

A large number of readymade garments accessories manufacturing factories were closed in the recent years mainly due to lack of access to bank loans, short-supply of electricity and low technology-base...

Export incentives beyond RMG for newer markets on the anvil

Syful Islam September 25, 2017 10:22:51

The government moves to offer cash subsidy on some more products in the new-market- expansion category to encourage businesses to expand country's export trade.   Presently, only apparel items...

Protests precede fresh power-price hike move

FE Report September 25, 2017 00:47:44

A weeklong public hearing on government proposals for hiking power tariffs afresh starts today (Monday) with a prelude of protests from businesspeople and cross-sections of consumers.   Bangla...

SJIBL set to emerge as preferred Shariah-based bank, says MD

Siddique Islam September 25, 2017 00:42:48

Shahjalal Islami Bank Limited (SJIBL) is now working to emerge as a preferred Shariah-based bank by providing optimum services to its clients, the top executive of the bank has said."We want to see th...

Uber ready to make concessions to reverse London licence decision

-- September 25, 2017 00:39:02

ONDON, Sept 24 (Reuters): US taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its licence in the city, which represents a potentially...

ICCB urges Australia to set up EPZ in Bangladesh

-- September 24, 2017 19:56:19

The International Chamber of Commerce Bangladesh (ICCB) called on Australian entrepreneurs to set up an export processing zone in Bangladesh and take the advantage of the facilities extended by the go...

NAFTA talks intensify

Reuters September 24, 2017 14:17:50

Talks to update the North American Free Trade Agreement intensified on Saturday although US negotiators looked set to once again withhold proposals for one of the Trump administration’s most cha...

Power master plan likely to bet on LNG

-- September 24, 2017 13:21:59

The government's recent move to promote LNG (liquefied natural gas)-based power generation is likely to bring about fresh change in the final draft of the Power System Master Plan (PSMP) 2016, officia...

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...