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The Financial Express

Search results for: Trade

Samsung forecasts weaker earnings in 2019

Samsung forecasts weaker earnings in 2019

-- 2019-01-31 14:39:37

Samsung Electronics warned of weaker earnings in 2019 as it posted a 29 per cent drop in fourth-quarter (Q4) operating profit on Thursday, hit by a slowdown in demand for memory chips. The global mar...

Sri Lanka halts imports of J&J baby powder

Sri Lanka halts imports of J&J baby powder

-- 2019-01-31 13:55:32

Sri Lanka has halted imports of Johnson & Johnson Baby Powder until the company proves its product is free from cancer-causing asbestos, two government officials and the product’s local dist...

GM suspends operations at 11 plants amid cold snap emergency

GM suspends operations at 11 plants amid cold snap emergency

-- 2019-01-31 12:37:37

General Motors said late Wednesday it will suspend operations at 11 Michigan plants and its Warren Tech Center, after a utility made an emergency appeal to users to conserve natural gas during extre...

US Fed rate pause keeps gold near eight-month highs

US Fed rate pause keeps gold near eight-month highs

-- 2019-01-31 11:10:04

Gold prices on Thursday held near eight-month highs hit in the previous session, as the dollar weakened after the US Federal Reserve paused its monetary tightening cycle, putting bullion on course for...

Trade frictions hit output at Japanese factories, raises growth risks

Trade frictions hit output at Japanese factories, raises growth risks

-- 2019-01-31 10:52:08

Factories in Japan took another hit in December with the second-straight month of shrinking output, underlining a warning by the central bank about growing risks to the economy from slowing global gro...

Facebook keeps growing despite privacy scandals

Facebook keeps growing despite privacy scandals

-- 2019-01-31 10:50:00

Facebook users have continued to rise despite a series of data privacy scandals and criticism over its attempt to stem toxic content. The social media giant said the number of people who logged into...

EMRD spends 54pc of ADP allocation in H1

EMRD spends 54pc of ADP allocation in H1

FE Report 2019-01-31 10:30:34

The Energy and Mineral Resources Division (EMRD) has spent on an average 54.14 per cent of the allocation against the projects being implemented under the Annual Development Programme (ADP) during the...

Seven-man body to take stock of abandoned commercial assets

Seven-man body to take stock of abandoned commercial assets

Rezaul Karim 2019-01-31 10:23:55

The government is set to start investigation soon to take stock of its abandoned commercial assets in 15 districts of the country, officials said. The government will carry out the investigation aimi...

Family businesses optimistic about growth in next two yrs

Family businesses optimistic about growth in next two yrs

FE Report 2019-01-31 10:12:46

Mostly run by first generation entrepreneurs, almost all family businesses (FBs) in Bangladesh are expected to grow in the next two years, contributing significantly to the economy's growth story, acc...

Farmers Bank renamed Padma Bank

Farmers Bank renamed Padma Bank

-- 2019-01-30 21:36:36

The Bangladesh Bank has endorsed a proposal to change the name of the Farmers Bank Limited to Padma Bank Limited. The central bank announced the approval in a circular on Wednesday, saying it replace...

Boeing expects to deliver 900 planes in 2019

Boeing expects to deliver 900 planes in 2019

-- 2019-01-30 18:50:48

World’s biggest plane maker Boeing Co expects to deliver between 895 and 905 commercial aircraft in 2019, up from the 806 units it delivered last year. The company forecast operating cash flow...

US accuses China of hiding trade-distorting subsidy programmes

US accuses China of hiding trade-distorting subsidy programmes

-- 2019-01-30 18:30:08

The United States has accused China of hiding some trade-distorting subsidy programmes from international scrutiny while disclosing others it does not need to. Reuters published a report on Wednesday...

Alibaba revenue grows at weakest pace in three years

Alibaba revenue grows at weakest pace in three years

-- 2019-01-30 18:07:21

E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace in three years, as the impact of a slowing China and a crippling Sino-U.S. trade war kept buyers away duri...

Experts for farmer-friendly land protection act

Experts for farmer-friendly land protection act

FE Online Report 2019-01-30 15:38:40

Rights group on Wednesday called on the government for enacting a farmer friendly ‘Agricultural Land Protection Act’ to protect the country's croplands from grabbing and unplanned industri...

Nissan CEO to hold first talks with new Renault boss Thursday: NHK

Nissan CEO to hold first talks with new Renault boss Thursday: NHK

-- 2019-01-30 14:46:11

Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the...

SBAC Bank, Al Helal Specialized Hospital ink MoU

SBAC Bank, Al Helal Specialized Hospital ink MoU

FE Online Desk 2019-01-30 13:51:59

Deputy Managing Director of South Bangla Agriculture and Commerce (SBAC) Bank Ltd., Tariqul Islam Chowdhury and Director of Al Helal Specialized Hospital Ltd., Prof. Dr. Md. Abu Shamim recently inked...

BAT Bangladesh wins SAFA award

BAT Bangladesh wins SAFA award

FE Online Desk 2019-01-30 13:35:50

British American Tobacco (BAT) Bangladesh has received the South Asian Federation of Accountants (SAFA) award in the category of corporate governance excellence. After conducting a deliberate study o...

LOTTO clinches Asia’s Greatest Brands & Leaders award

LOTTO clinches Asia’s Greatest Brands & Leaders award

FE Online Desk 2019-01-30 13:29:19

Sporty lifestyle brand LOTTO has been awarded as one of the Asia’s greatest brands in 2018. LOTTO received the honour at the award giving ceremony of ‘Asia’s Greatest Brands and Lea...

EBL opens agent banking outlet in Savar

EBL opens agent banking outlet in Savar

FE Online Desk 2019-01-30 13:25:53

Eastern Bank Ltd (EBL) has launched its 3rd agent banking outlet in Savar. M Khorshed Anowar, head of Retail & SME Banking of EBL, has formally inaugurated the outlet at Baghbari Road in Horindho...

Apple lowers iPhone prices for second time in history

Apple lowers iPhone prices for second time in history

-- 2019-01-30 12:20:50

Apple plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the Uni...

Thrust on generating IT-skilled workforce

Thrust on generating IT-skilled workforce

Our Correspondent 2019-01-30 11:27:09

The three-day Chittagong IT Fair ended on Monday night with the call for creating information technology rich workforce to take the country towards further development. The fair was organised jointly...

Oil dips amid gloomy economic outlook

Oil dips amid gloomy economic outlook

Reuters 2019-01-30 11:20:18

Oil prices dipped on Wednesday amid a cloudy outlook for the global economy, but traders said declines were reined in by worries over disruptions to supply from US sanctions on Venezuelan fuel exports...

NBR to keep common register on anomalies

NBR to keep common register on anomalies

Doulot Akter Mala 2019-01-30 11:12:56

The customs authority has taken a move to maintain a common register on detected anomalies to sort out risk factors of import and export products. Central Risk Management Unit (CRMU) of the Nationa...

AIIB forecasts rise in BD infrastructure activity

AIIB forecasts rise in BD infrastructure activity

FE Report 2019-01-30 10:57:40

Forecasting a rise in infrastructural activity in 2019, the Asian Infrastructure Investment Bank (AIIB) identified high cost and projected currency volatility as risk factors for Bangladesh. "High co...

KSRM sponsors Ctg airport passenger shed

KSRM sponsors Ctg airport passenger shed

FE Desk Report 2019-01-30 10:41:19

Chattogram Shah Amanat International Airport Manager Wing Commander ABM Sarwar-E-Zaman formally inaugurated the passenger shed by cutting ribbon recently. It was established by KSRM for the welfare o...

Rupali Bank starts disbursing home loan to govt employees

Rupali Bank starts disbursing home loan to govt employees

FE Desk Report 2019-01-30 10:37:16

Rupali Bank Limited has started disbursing home loan to government employees at 5.0 per cent interest rate. Rupali Bank is the first bank to have started this scheme. Rupali Bank through Elephant Roa...

Govt forms 29 teams to monitor wage execution, labour situation

Govt forms 29 teams to monitor wage execution, labour situation

Monira Munni 2019-01-30 09:43:34

The government has formed 29 committees mainly to monitor implementation of the latest wage structure and labour situation in the country's different labour-intensive industrial hubs, officials said....

Omani firm starts supplying LNG

Omani firm starts supplying LNG

M Azizur Rahman 2019-01-30 09:34:08

Oman Trading International (OTI), an Omani firm, started supplying liquefied natural gas (LNG) to Bangladesh from Monday, which will help meet the growing demand for gas in the country. A vessel carr...

Huawei lawyer says CFO Meng a 'hostage'

Huawei lawyer says CFO Meng a 'hostage'

-- 2019-01-29 21:54:34

Huawei's CFO "should not be a hostage" in Sino-US relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch...

President for enhanced trade, investment ties with Malaysia

President for enhanced trade, investment ties with Malaysia

-- 2019-01-29 20:03:05

President M Abdul Hamid on Tuesday said Bangladesh always gives priority to enhance the bilateral relations with Malaysia as the country’s outgoing High Commissioner in Dhaka Madam Nur Ashikin b...