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The Financial Express

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US Fed to assist BD in cyber-heist lawsuit

US Fed to assist BD in cyber-heist lawsuit

-- 2019-02-02 10:07:20

The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists, even while the Philippine bank targeted by the l...

Launch of saving certificates online database tomorrow

Launch of saving certificates online database tomorrow

FE Report 2019-02-02 09:29:57

Saving certificates online database named 'national saving certificates online management system' will be launched tomorrow (Sunday). The move has been taken to see whether savings schemes are abused...

Pakistan introduces expatriates' bond to handle payments crisis

Pakistan introduces expatriates' bond to handle payments crisis

-- 2019-02-01 17:33:20

Cash-strapped Pakistan on Thursday launched a bond scheme for its citizens living overseas, aimed at generating funds in foreign currencies to help bridge a balance of payment crisis. The Build Pakis...

Smart materials get stronger like muscle-building: Study

Smart materials get stronger like muscle-building: Study

-- 2019-02-01 16:56:49

A study published on Thursday in the journal Science reported a strategy to fabricate materials that become stronger in response to mechanical stress, similar to the process of muscle growth. The fin...

Heist: Philippine bank calls BB lawsuit ‘political stunt’

Heist: Philippine bank calls BB lawsuit ‘political stunt’

-- 2019-02-01 15:22:57

The Philippine bank being sued for conspiracy to steal Bangladesh Bank reserve has labelled the lawsuit as a “political stunt”. Quinn Emanuel, a US law firm, has been hired to defend the...

Japan's jobless rate falls in December

Japan's jobless rate falls in December

-- 2019-02-01 14:44:01

Japan’s jobless rate fell in December and the availability of jobs held steady, Reuters reported on Friday citing government data. The seasonally adjusted unemployment rate fell to 2.4 per cent...

Indian jobless rate hits 45-year high

Indian jobless rate hits 45-year high

-- 2019-02-01 13:00:34

Indian unemployment rate rose to its highest level in at least 45 years in 2017/18, an official survey that has been withheld by the government shows. The Business Standard newspaper reported the jo...

BB to focus on credit flow to priority sectors

BB to focus on credit flow to priority sectors

Siddique Islam 2019-02-01 10:32:03

The Bangladesh Bank (BB) will continue its intensive supervision in ensuring credit flow to the priority sectors to help create more and better jobs along with protecting the environment. "….B...

BD sues Philippine bank over cyberheist

BD sues Philippine bank over cyberheist

-- 2019-02-01 09:37:22

Bangladesh’s central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole $81 million from its account at the Federal Reserve Bank of New York nea...

Recession hits Italy

Recession hits Italy

-- 2019-01-31 18:40:32

Italy's economy tipped into recession at the end of last year, according to latest figures. In the final three months of 2018, the economy shrank by 0.2 per cent, following a 0.1 per cent decline in...

Saudi economy grows 2.21 per cent in 2018

Saudi economy grows 2.21 per cent in 2018

-- 2019-01-31 15:02:35

Saudi Arabia’s economy grew at a pace of 2.21 per cent in 2018, buoyed by strong oil sector growth, government data showed on Thursday, recovering from a contraction in 2017 when the economy was...

Google disables iPhone app that studied users' digital habits

Google disables iPhone app that studied users' digital habits

-- 2019-01-31 13:24:54

Alphabet Inc’s Google said on Wednesday it disabled an iPhone app that it had paid some users to install to study their digital habits, following a similar move late on Tuesday by social media n...

US Fed holds rates steady, signals pause

US Fed holds rates steady, signals pause

-- 2019-01-31 11:38:12

The US Federal Reserve on Wednesday left interest rates unchanged as expected and pledged to be patient about future rate hikes. In support of the goals to foster maximum employment and price stabili...

BB holds on to cautious monetary policy stance

BB holds on to cautious monetary policy stance

Siddique Islam 2019-01-31 10:29:15

The monetary policy statement (MPS), announced Wednesday by the country's central bank for the second half (H2) of the current financial year, maintained a 'cautious' monetary policy stance with sligh...

BB unveils monetary policy for January-June period

BB unveils monetary policy for January-June period

FE Report 2019-01-30 17:15:18

The central bank unveiled its second half-yearly (H2) monetary policy statement (MPS) on Wednesday keeping key policy rates unchanged. Bangladesh Bank (BB) Governor Fazle Kabir at a press conference...

Reserve heist: BB to file case against Philippines bank today

Reserve heist: BB to file case against Philippines bank today

-- 2019-01-30 13:51:14

The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve. The suit...

Japan retail sales climb 1.3pc in Dec

Japan retail sales climb 1.3pc in Dec

-- 2019-01-30 12:55:45

Japan’s retail sales rose more than expected in December as consumers increased spending on clothes and home appliances. The 1.3 per cent rise in retail sales in December from a year earlier wa...

‘Govt should turn most SoBs into deposit banks’

‘Govt should turn most SoBs into deposit banks’

FE Report 2019-01-30 09:26:56

The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has sa...

NASA probe to make closest approach to Sun in April

NASA probe to make closest approach to Sun in April

-- 2019-01-29 21:42:34

Just 161 days after its launch, NASA's Parker Solar Probe has completed its first orbit of the Sun and has now begun the second of 24 planned orbits, which will mark its closest approach to the Sun in...

BB to unveil monetary policy for H2 Wednesday

BB to unveil monetary policy for H2 Wednesday

-- 2019-01-29 20:38:18

Bangladesh Bank (BB) is set to announce its monetary policy for the second half of the 2018-19 fiscal year on Wednesday. The central bank Governor Fazle Kabir will present the monetary policy stateme...

BB likely to file case with NY court over reserve heist Thursday

BB likely to file case with NY court over reserve heist Thursday

-- 2019-01-29 18:47:13

Bangladesh Bank (BB) is likely to file a lawsuit with a New York (NY) court on January 30 (January 31 in Bangladesh) to recover the money heisted by hackers from the central bank’s account with...

ECNEC approves nine projects worth Tk 164.33b

ECNEC approves nine projects worth Tk 164.33b

-- 2019-01-29 15:33:21

The Executive Committee of the National Economic Council (ECNEC) has approved nine projects involving an estimated cost of Tk 164.33 billion. Among the nine projects, it approved a Tk 86.90 billion p...

Apple to patch privacy bug in video-calling feature

Apple to patch privacy bug in video-calling feature

-- 2019-01-29 14:40:47

Apple Inc said on Monday it will issue a software patch later this week for a bug that lets iPhone users hear audio from users who have not yet accepted a video call. The bug, which Reuters news agen...

Infrastructure construction to increase in BD despite increased costs: AIIB

Infrastructure construction to increase in BD despite increased costs: AIIB

FE Online Desk 2019-01-29 14:10:33

Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projecte...

Instagram is back after partial outage

Instagram is back after partial outage

-- 2019-01-29 11:38:19

Facebook’s photo-sharing social network Instagram said on Monday the service is fully functional now after an issue that caused an outage for some users was resolved. However, Instagram did not...

Core inflation up 1.0pc in 2018

Core inflation up 1.0pc in 2018

Siddique Islam 2019-01-29 10:51:38

The country's core inflation rose by more than 1.0 percentage point last year, posing a challenge for the next monetary policy of the central bank, officials said. The core inflation expanded to 4....

$5.9b flows out from BD in 2015: GFI      

$5.9b flows out from BD in 2015: GFI    

Asjadul Kibria 2019-01-28 22:59:01

At least US$ 5.90 billion flew out from Bangladesh illicitly in 2015 through misinvoicing in international trade with the advanced economies. The amount is closer to around two months' merchandise ex...

International Data Protection and Privacy Day observed

International Data Protection and Privacy Day observed

FE Online Report 2019-01-28 18:10:55

The Cyber Crime Awareness Foundation (CCA Foundation) observed ‘International Data Protection and Privacy Day’ on Monday across the country. Hundreds of organisations and individuals also...

Taiwan's economy to slow in Q4: Reuters poll

Taiwan's economy to slow in Q4: Reuters poll

-- 2019-01-28 14:03:47

Taiwan’s economic growth probably slowed in the fourth quarter (Q4) as the island’s technology exports were hit by softening global demand and fallout from the US-China trade war. The med...

China's industrial profits shrink again in Dec

China's industrial profits shrink again in Dec

-- 2019-01-28 13:58:38

China's industrial profits shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted US-...