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The Financial Express

Search results for: Trade

US aims to cut Iran oil exports  to under 1.0m bpd from May

US aims to cut Iran oil exports to under 1.0m bpd from May

-- 2019-03-14 21:59:10

The United States (US) aims to cut Iran's crude exports by about 20 per cent to below 1.0 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid US sancti...

Sony wins broadcast rights for Tokyo Olympics in India, subcontinent

Sony wins broadcast rights for Tokyo Olympics in India, subcontinent

-- 2019-03-14 18:36:27

Sony Pictures Networks India (SPN) has won the broadcast rights in India and the subcontinent for next year’s Tokyo Olympics, the International Olympic Committee (IOC) said on Thursday. SPN, ow...

US Trade Show kicks off in city

US Trade Show kicks off in city

-- 2019-03-14 16:59:07

The 26th US Trade Show, 2019 began at Pan Pacific Sonargaon Dhaka on Thursday. Commerce Minister Tipu Munshi inaugurated the three-day trade show with the presence of US Ambassador to Bangladesh Earl...

National SME fair kicks off Saturday

National SME fair kicks off Saturday

FE Online Report 2019-03-14 16:32:47

National SME Products Fair 2019 is set to kick off on Saturday aimed at promoting products in the local and international markets. Industries Minister Nurul Majid Mahmud Humayun is expected to inaugu...

Boeing 737 MAX deliveries in limbo

Boeing 737 MAX deliveries in limbo

Reuters 2019-03-14 15:04:36

Deliveries of Boeing’s best-selling 737 MAX jets were effectively frozen on Wednesday, though production continued, after the United States joined a global grounding of the narrowbody model over...

Dmoney opts for EBL SKYPAY Payment Gateway

Dmoney opts for EBL SKYPAY Payment Gateway

FE Online Desk 2019-03-14 15:01:53

Customers of Dmoney, a leading payments and services platform in the country, will now be able to make their payments online using any VISA or Mastercard through EBL SKYPAY Payment Gateway, powered by...

Commerce minister urges US to restore GSP

Commerce minister urges US to restore GSP

-- 2019-03-14 14:39:40

In contrast to his predecessor, new Commerce Minister Tipu Munshi has urged the United States to give the GSP privilege back to Bangladesh. Inaugurating the US Trade Show 2019 on Thursday, he said...

Russia, Rwanda sign MoUs for peaceful use of nuclear energy

Russia, Rwanda sign MoUs for peaceful use of nuclear energy

FE Online Desk 2019-03-14 14:24:58

Rosatom State Atomic Energy Corporation of Russia and the Ministry of Infrastructure of Rwanda signed two memoranda of understanding (MoUs) in Rwandan capital Kigali recently for co-operation in peace...

Uber Eats set to launch in Dhaka

Uber Eats set to launch in Dhaka

-- 2019-03-14 13:20:59

Uber Eats, the food delivery app by ridesharing company Uber, is all set to launch in Bangladesh in April with Dhaka as its first city. Similar to the Uber rides app, Uber Eats is a food delivery app...

Dutch-Bangla banking to remain suspended for four days

Dutch-Bangla banking to remain suspended for four days

-- 2019-03-14 11:05:59

Dutch-Bangla Bank is pausing its operations for four days as it is upgrading systems. About 25 million customers of the private bank will not be able to make any transaction through its branches or...

BD losing Tk 192m a year for lack of policy on battery-run vehicles: Report

BD losing Tk 192m a year for lack of policy on battery-run vehicles: Report

FE Report 2019-03-14 10:36:42

Bangladesh has been losing Tk 192.5 million a year by not bringing the battery-run three-wheelers under registration and licensing, according to an observation report. Presently, around one million...

BERC to take 'logical' decision on gas tariff hike after hearing

BERC to take 'logical' decision on gas tariff hike after hearing

FE Report 2019-03-14 10:30:53

The Bangladesh Energy Regulatory Commission (BERC) will take 'logical' decision following the public hearing for raising gas tariff hike, BERC Chairman Monwar Islam said on Wednesday. The commissio...

Boeing in crisis after worldwide grounding of 737 MAX jets

Boeing in crisis after worldwide grounding of 737 MAX jets

Reuters 2019-03-14 10:02:18

The United States grounded Boeing Co’s money-spinning 737 MAX aircraft on Wednesday (local time) over safety fears after an Ethiopian Airlines plane crash that killed 157 people, leaving the wor...

'Cut corporate tax rates, focus on investment'

'Cut corporate tax rates, focus on investment'

FE Report 2019-03-14 09:39:49

The country's leading businesses urged on Wednesday the tax authority to reduce corporate tax rates and focus on boosting investment through fiscal measures. They also demanded an end to harassment i...

NPLs drag down banks' capital

NPLs drag down banks' capital

FE Report 2019-03-14 09:32:43

The capital base of banks weakened slightly last year, due mainly to the increased non-performing loans (NPLs), officials said. The overall capital-to-risk weighted-asset ratio (CRAR) of all the bank...

Oil rises on reduced US production  estimate, stalled Venezuelan exports

Oil rises on reduced US production estimate, stalled Venezuelan exports

-- 2019-03-13 22:08:07

Oil prices rose on Wednesday, buoyed by an official forecast showing slower-than-expected US production, and as US sanctions stall exports from Venezuela, reports Reuters. International Brent crude o...

Banks need ‘blockchain’ technology: Finance minister

Banks need ‘blockchain’ technology: Finance minister

-- 2019-03-13 20:13:14

Finance Minister AHM Mustafa Kamal has asked the banks to introduce the ‘blockchain’ technology for reducing operating costs and ensuring security. “We know that automation is essen...

Belgium to send trade delegation this year

Belgium to send trade delegation this year

-- 2019-03-13 19:28:14

Belgium is planning to send a trade delegation to Bangladesh later this year to explore trade and investment opportunities. Newly appointed Belgian Ambassador to Bangladesh, with residence in New Del...

Automation to relinquish 7,000 jobs at Volkswagen

Automation to relinquish 7,000 jobs at Volkswagen

-- 2019-03-13 19:06:21

German carmaker Volkswagen AG says it expects to shed between 5,000 and 7,000 jobs at its core brand by 2023 as a result of increasing automation of "routine tasks." The Wolfsburg-based company said...

Proposal to appoint consultant for Payra Port approved

Proposal to appoint consultant for Payra Port approved

-- 2019-03-13 18:37:18

The Cabinet Committee on Public Purchase on Wednesday approved a proposal for appointing a Korean joint venture between Kunhwa Engineering and Consulting Company Ltd and Deyoung Heerim as the consulta...

Asian Jet fuel profit hits eight-month low

Asian Jet fuel profit hits eight-month low

-- 2019-03-13 18:29:50

Asian refining margins for jet fuel dropped for a second straight session on Wednesday to their lowest levels in more than eight months, as crude prices firmed and demand for the distillate fuel remai...

Ban on airing local advertisements on foreign TV channels

Ban on airing local advertisements on foreign TV channels

-- 2019-03-13 16:42:35

The government has slapped a ban on airing local advertisements on foreign television channels downlinked in Bangladesh A PID handout said the Ministry of Information issued an order on Wednesday in...

VW to cut up to 7,000 jobs for 5.9b euro annual savings goal

VW to cut up to 7,000 jobs for 5.9b euro annual savings goal

-- 2019-03-13 14:57:12

Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise...

CAAB defers import of Boeing 737 Max 8

CAAB defers import of Boeing 737 Max 8

-- 2019-03-13 14:13:42

The Civil Aviation Authority of Bangladesh (CAAB) has deferred the import of Boeing 737 Max 8 for the time being. The authority has adopted the preventive measure following the fatal crashes of two 7...

Avast CEO to quit as annual results fail to meet expectations

Avast CEO to quit as annual results fail to meet expectations

-- 2019-03-13 14:13:41

Cyber security firm Avast’s long-time chief executive officer is stepping down, the company said on Wednesday as it reported marginally lower-than-expected adjusted revenue and earnings in its f...

5th Inspiring Women Award honours 13 women

5th Inspiring Women Award honours 13 women

FE Online Desk 2019-03-13 12:33:58

 Women in Leadership (WIL) has honoured the most inspiring female professionals of the country at the 5th edition of Inspiring Women Award. The grand award ceremony took place recently at Hotel...

AGWEB discussion on Int'l Women's Day

AGWEB discussion on Int'l Women's Day

FE Online Desk 2019-03-13 12:17:27

The Association of Grassroots Women Entrepreneurs Bangladesh (AGWEB), in partnership with IFIC Bank Limited, organised a live panel discussion titled ‘Balance for better-Question time’ on...

US not to suspend Boeing 737 MAX planes

US not to suspend Boeing 737 MAX planes

Reuters 2019-03-13 11:59:24

The US aviation regulator said on Tuesday (local time) it would not ground Boeing Co 737 MAX planes after a crash in Ethiopia that killed 157 people, bucking a trend of countries around the world that...

India suspends use of Boeing 737 MAX planes

India suspends use of Boeing 737 MAX planes

-- 2019-03-13 11:37:24

India is grounding US planemaker Boeing Co’s 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia...

'Prepare youths for Fourth Industrial Revolution'

'Prepare youths for Fourth Industrial Revolution'

FE Report 2019-03-13 11:15:58

Foreign Minister AK Abdul Momen has said Bangladesh doesn't have any alternative but to get prepared for the Fourth Industrial Revolution by focusing on skills, training, education and knowledge. "...