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The Financial Express

Search results for: trade

Dollar hits 1-1/2-month high

-- October 03, 2017 12:47:35

The dollar struck a one-and-a-half-month high on Tuesday as Treasury yields rose after a strong reading for US manufacturing activity hardened expectations for US interest rates to rise by the year-en...

Global gold prices edge down

-- October 03, 2017 12:40:02

Gold edged down to mark a near 7-week low early on Tuesday, as the dollar remained buoyed by upbeat economic data and strong US treasury yields. Spot gold was down 0.1 per cent at $1,269.50 an ounce...

Benapole port resumes service after 6-day hiatus

-- October 03, 2017 11:49:16

The export-import activities between Bangladesh and India through Benapole land port resumed on Tuesday, after a six-day vacation. Trucks carrying imported goods started entering Benapole from India...

BIDA to launch 'one stop service' next year

FE Report October 03, 2017 10:30:56

The Bangladesh Investment Development Authority (BIDA) will launch a pilot by the middle of next year aiming to provide better, easier and transparent services to investors from a single window. "Th...

Hunt for tax-evading foreign workers after October 15

Doulot Akter Mala October 03, 2017 09:49:34

Checking payroll status of foreign workers appointed in Bangladesh begins October 15, the deadline set by government's revenue authority, with a provision of spot penalty for tax-evasion. Officials s...

Britain's Monarch Airlines goes bust, stranding thousands

-- October 03, 2017 00:35:50

LONDON, Oct 2 (Reuters): Britain's Monarch Airlines collapsed on Monday, stranding more than 100,000 travellers abroad after it fell victim to intense competition for flights to holiday destinations i...

Saudi Arabia, Russia to set up $1.0 billion energy fund

-- October 03, 2017 00:35:16

KHOBAR, Saudi Arabia (Reuters): Saudi Arabia and Russia plan to set up a $1.0 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said in a interview broadcast by Al Ara...

Rice traders have to obtain license by Oct 30: minister

-- October 02, 2017 19:21:57

The Food Ministry has set Oct 30 as the deadline for rice and wheat traders to obtain licenses from the authorities. Food Minister Qamrul Islam has ordered district controllers (DC Food) and regional...

Nissan's safety check failure sparks massive recall

Reuters October 02, 2017 15:54:42

Nissan Motor Co Ltd on Monday said it planned to recall 1.21 million vehicles in Japan that did not meet domestic requirements for final inspections, expanding the number of cars which the automaker s...

Team of UK rail cos visit Bangladesh

-- October 01, 2017 15:52:36

The UK has quadrupled its export finance support for Bangladesh from £150mn to £625mn in a bid to boost the country’s railway industry.   A trade delegation of nine UK...

Bangladesh’s limestone import from Bhutan halted for two yrs  

-- October 01, 2017 15:39:30

Limestone export from Bhutan to Bangladesh is slowing down because of changes in bilateral trade agreement protocol between the two countries.   In fact, the export of limestone powder to Bangl...

Rice prices keep declining

-- October 01, 2017 12:20:13

With government’s various initiatives, including introduction of open market sale (OMS) in the city and district, the price of different varieties of rice has marked downward trend in the south-...

Indians reluctant to use Kolkata-Agartala route thru Bangladesh

-- October 01, 2017 10:03:53

  Two years since opening of Kolkata-Agartala route through Bangladesh, very little traffic has come this way and none of prophecies made by Indian and Bangladesh have been fulfilled. Since Ju...

IDB planning meeting in Dhaka in Jan to discuss cross-border investment, trade

Mehdi Musharraf Bhuiyan September 30, 2017 10:50:36

Islamic Development Bank (IDB) is planning to host an international investment conference in Dhaka in January next to boost cross-border investment among its members. The event is expected to bring p...

FBCCI set to finalise sectors for Japanese investments

Talha Bin Habib September 30, 2017 10:17:24

The country's apex trade body is set to finalise prospective sectors where Japanese investors can invest, a trade body leader said. "We held several meetings with the Japanese investors. We hope we w...

EPB for legalising gold import

Rezaul Karim September 30, 2017 10:04:01

The Export Promotion Bureau (EPB) wants to legalise gold/diamond import for its export as jewellery items by introducing an authorised dealer system, officials said. It has recently submitted some re...

BR works on dual-gauge track from Joydebpur to Jamalpur

Munima Sultana September 30, 2017 00:23:37

Bangladesh Railway (BR) has taken a move to develop a new double-gauge track along the Joydebpur-Mymensingh-Jamalpur railway line on high passenger demand.Officials said the BR submitted a proposal to...

US shale hinders hopes for oil market rebalancing: Polls

-- September 30, 2017 00:21:49

NEW YORK, Sept 29 (Reuters): Oil prices are unlikely to rise much beyond this month's two-year highs this year, as concern among analysts persists that growing US shale output will hamper the rebalanc...

VW emissions fixing bill hits $30b

-- September 29, 2017 19:49:21

The diesel emissions cheating scandal will cost Volkswagen an extra $3bn (€2.5bn), because engines are proving "far more technically complex and time consuming" to adapt the company said, reports...

London house prices fall first time since 2009

-- September 29, 2017 14:57:53

House prices in London fell by an annual 0.6 per cent in September, first time since 2009, mortgage lender Nationwide said on Friday. The prices across Britain overall rose at their slowest pace in m...

Dollar set for best weekly gain in 2017

-- September 29, 2017 14:56:05

The dollar inched higher against a basket of major currencies on Friday and was on track for its biggest weekly gain so far this year as investors pondered the Trump administration’s tax plan....

Gold prices little changed amid strong dollar

-- September 29, 2017 14:45:05

Gold traded little changed on Friday amid pressure from a stronger dollar, but was headed for its biggest monthly fall this year amid rising prospects of a US rate hike in December. Spot gold was nea...

Oil mixed but set for weekly gain

Reuters September 29, 2017 14:34:31

Oil prices were mixed on Friday, but both Brent and US crude were set to chalk up another weekly gain as investors bet that efforts to cut a global glut are working and that the demand outlook is impr...

Terms settled on rice supply to Bangladesh: Cambodia

The Phnom Penh Post September 29, 2017 14:07:18

Cambodia and Bangladesh have finalised terms on a massive rice deal that could see up to 1 million tonnes of rice purchased from the Kingdom over the next five years, with the first shipment due to be...

Businesses eye LPG bonanza

M Azizur Rahman September 29, 2017 10:21:15

The government has waived the 15 per cent value-added tax (VAT) on LPG-cylinder import, prompting businesspeople to eye a boost in consumption and business of the gas. Through a recent notification t...

Rice price starts declining on drives against hoarding

Roving Correspondent September 29, 2017 00:28:08

RAJSHAHI, Sept 28: Rice price has been started declining gradually in the retail markets of all the eight districts of Rajshahi division as the district administration conducted frequent drives agains...

50,000 people making their living from bamboo-made appliances

Our Correspondent September 29, 2017 00:25:41

GOPALGANJ, Sept 28: About 50,000 people of the district are earning their living by making bamboo-made household appliances.Sources said artisans make different types of fish-traps, hand-fans, baskets...

Gold price hits one month low

-- September 28, 2017 15:16:22

Gold fell to over one-month lows on Thursday as the dollar rose on expectations of a US interest rate hike in December, while platinum was trading at a discount to palladium for the first time since 2...

Dollar rises on Trump tax plan

-- September 28, 2017 15:15:23

The dollar and US bond yields rose on Thursday after President Donald Trump proposed the biggest US tax overhaul in three decades. The dollar’s strength pressured many emerging market currencie...

Global oil price falls

-- September 28, 2017 15:14:27

Oil prices fell on Thursday, with US crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away from recent 26-month...