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Search results for: trade

‘Uber Premium’ launched in Dhaka

-- September 16, 2017 19:36:17

Uber, the world's largest on-demand ride-sharing company, has announced the launch of 'Premium', an in-app upscale ride option, reports BSS.   When booking a 'Premium' ride, riders can expect:...

Burberry eyes ‘enormous’ opportunity in post-Brexit trade

-- September 16, 2017 18:03:35

Burberry’s chief creative officer has described the potential for UK trade post-Brexit as “enormous”.   Speaking to the BBC, Christopher Bailey, who was chief executive of the...

July trade gap stands at $1.05 billion

FE Online Report September 16, 2017 13:41:05

The country’s merchandise trade gap with the rest of the world stood at $1056 million (or $1.05 billion) in the first month of the current fiscal year (FY18).   Provisional statistics, re...

Rampal project gets NOC to buy overseas insurance  

 Syful Islam September 16, 2017 10:20:19

The insurance regulator has issued no objection certificate (NOC) in favour of Rampal power plant project allowing it to buy insurance from abroad despite an objection made by Sadharan Bima Corporatio...

Oil prices near five-month high

-- September 16, 2017 00:25:42

AMSTERDAM, Sept 15 (Reuters): Brent oil prices held steady near five-month highs, and were on track for the highest weekly rise since the end of July on higher demand forecasts and the restart of oil-...

Firms scramble to wire highways for electric cars

-- September 16, 2017 00:24:21

PARIS/FRANKFURT, Sept 15 (Reuters): The battle over how and where Europeans charge their electric cars is expanding from the continent's cities to its motorways.Power utilities, tech start-ups and oil...

US retail sales see biggest drop in six months

-- September 16, 2017 00:23:43

WASHINGTON, Sept 15 (Reuters): US retail sales unexpectedly fell in August, likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in consumer spending in th...

Mercedes to recall thousands of cars

Reuters September 15, 2017 15:46:46

Russia’s technical safety watchdog Rosstandart said on Friday that Mercedes-Benz planned to recall 8,404 cars sold in Russia due to possible technical issues.   The company will recall 8,...

Bangladesh, Indonesia to step up cooperation in energy sector

The Jakarta Post September 15, 2017 14:07:05

Bangladesh and Indonesia signed a memorandum of understanding (MoU) on Friday to expand cooperation in the energy sector.   The areas of cooperation include the possibility of Indonesia suppl...

Top China Bitcoin exchange to stop trading

BBC September 15, 2017 12:44:56

One of China's biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies.   BTCC on Thursday said it would stop buying and selling on 30 Septem...

Oil prices lower on thin trading

-- September 15, 2017 12:06:58

Oil prices were lower on thin trading on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace.   T...

Mazda plans to go electric

Reuters September 15, 2017 11:00:41

Mazda Motor Corp plans to make all of its vehicles electric-based, including petrol hybrids, by the early 2030s, Japanese media reported on Friday, as more automakers shift strategies to meet tighteni...

Coarse rice prices beat past records

Yasir Wardad September 15, 2017 01:26:04

The rise in prices of coarse variety of rice surpassed all past records in the country on Thursday as it sold at Tk 55 a kg at the capital's retail markets.   This has added woes to consumers,...

Oil up on stronger demand, supply restrictions

-- September 15, 2017 01:13:22

LONDON, Sept 14 (Reuters): Oil prices rose on Thursday, building on recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA).Brent crude LCOc1 was up 40 cents at $...

Apple unveils iPhone X in major product launch

-- September 14, 2017 19:29:44

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Apple Chief Executive Tim Cook called “the bigg...

Ryanair loses EU case

Reuters September 14, 2017 15:05:29

Ryanair cabin crew can choose to be subject to the employment law of the country they are based in, not that of the airline, the European Union top court ruled on Thursday, dealing the low-cost airlin...

Power generation capacity now 16,000 MW

Xinhua September 14, 2017 14:11:56

Bangladesh's total installed electricity generation capacity has reached nearly 16,000 megawatts (MW), an official has said.   The Bangladesh Power Development Board (BPDB) official told Xinh...

VW to recall 4.86m vehicles over Takata air bags

Reuters September 14, 2017 12:27:57

Volkswagen AG and its Chinese joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 4.86 million vehicles due to issues with air bags supplied by bankrupt auto parts maker Takata Corp, China&r...

Bangladesh eyes electricity from China thru’ Myanmar

-- September 14, 2017 11:36:32

Bangladesh is planning to import gas and power from China through Myanmar.   This willingness was expressed by Bangladeshi State Minister for Power, Energy and Mineral Resources Nasrul Hamid...

Dhaka presses for removing tariff, non-tariff barriers

 FE Report September 14, 2017 10:48:27

Removing trade disputes and irregularities for improving the trading environment between the two neighbouring countries figured high as a joint working group on Bangladesh-India trade began talks in D...

Vehicles carrying extra cargo pay meagre fine

Munima Sultana September 14, 2017 10:27:07

Cargo vehicle operators have been carrying goods beyond the allowed level by taking advantage of paying only Tk 2,000 as fine, fixed by the authorities concerned for the time being.   The oper...

LNG price to be affordable, stable

FE Report September 14, 2017 00:59:50

Liquefied natural gas (LNG) prices will be 'affordable' and 'stable' in the medium term, prime minister's energy adviser assured the businesspeople to allay their worry about pricing of the upcoming...

Oil edges up as IEA sees higher demand, shrinking inventories

-- September 14, 2017 00:40:32

LONDON, Sept 13 (Reuters): Oil prices rose on Wednesday after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust global demand and an output drop fr...

Indonesia tightens rules to curb money laundering

-- September 14, 2017 00:38:05

JAKARTA, Sept 13 (Reuters): Indonesia has issued new regulations aimed at curbing money laundering and terror-related financing across a broader range of financial service providers, including money c...

Electric car focus risks handing jobs to Chinese workers, EU suppliers warn

-- September 14, 2017 00:37:05

FRANKFURT, Sept 13 (Reuters): A fixation on electric cars risks damaging Europe's auto supplies industry and handing jobs to China, the region's car parts manufacturers warned at the Frankfurt motor s...

BD to import 50,000 tonnes sugar

-- September 13, 2017 20:09:18

The government has endorsed import of 50,000 tonnes of sugar through international tender at a cost of Tk 2.11 billion. The Cabinet committee on government purchase cleared the proposal to buy the su...

Bangladesh discusses export potentials with Georgia

-- September 13, 2017 15:03:09

Bangladesh and Georgia have proposed a number of agreements to further strengthen the bilateral relations and mutual engagements between the two countries.   The first ever Foreign Office Consu...

Global gold price little changed

-- September 13, 2017 14:29:23

Gold price held steady on Wednesday amid firmer equities and a softer dollar, with safe-haven demand for the metal supported after US President Donald Trump urged tougher measures against North Korea....

OPEC sees higher oil demand, signs of tighter market

Reuters September 13, 2017 11:15:09

OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a su...

Global brands under pressure to join second-phase Accord

Monira Munni September 13, 2017 11:03:30

Two international rights groups are putting pressure on global garment brands to join the second phase of Accord by October 05 next amid strong opposition from local apparel-makers.   IndustriA...