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The Financial Express

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Euro zone industry output tumbles in largest fall in nearly three years

Euro zone industry output tumbles in largest fall in nearly three years

-- 2019-01-14 16:33:28

Euro zone industrial output fell in November by more than expected, official data showed on Monday, confirming the series of weak national data which have raised concerns about the bloc’s growth...

Int’l trade shows start in Dhaka Jan 17

Int’l trade shows start in Dhaka Jan 17

FE Online Report 2019-01-14 15:35:52

Four days of as many international trade shows will kick off in Dhaka city on January 17 with participation of nearly 510 companies from more than 24 countries. The shows - 18th edition of GARMENTECH...

46th Foundation Course of FSIBL begins

46th Foundation Course of FSIBL begins

FE Online Desk 2019-01-14 13:35:55

The 46th Foundation Course of Trainee Junior Officers of First Security Islami Bank Limited began at FSIBL Training Institute on January 13. Mr. Syed Waseque Md. Ali, Managing Director, First Securit...

Ex-Nissan boss Ghosn suffering ‘harsh’ treatment in jail, wife says

Ex-Nissan boss Ghosn suffering ‘harsh’ treatment in jail, wife says

-- 2019-01-14 13:10:11

The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his “harsh treatment” during detention in a Japanese jail, a l...

Brothers' Furniture opens showroom at Sirajganj

Brothers' Furniture opens showroom at Sirajganj

FE Online Desk 2019-01-14 12:58:00

A new showroom of Brothers' Furniture was inaugurated recently at Sirajganj Sadar Road. Managing Director of the company Md. Elias Sarker inaugurated it. Customers will get 5-15% cash discount in ad...

Oil slides on China trade slump

Oil slides on China trade slump

-- 2019-01-14 12:40:42

Oil prices fell by almost 1 per cent on Monday, with Brent crude slipping below $60 per barrel, after Chinese data showed weakening imports and exports in the world’s biggest trading nation and...

VW could face recall of more cars

VW could face recall of more cars

-- 2019-01-14 12:37:04

Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen cars due to its emissions, scandal, the Bild am Sonntag newspaper reported on Sunday. The KBA has open...

IPDC Finance distributes blankets among cold-affected people

IPDC Finance distributes blankets among cold-affected people

FE Online Desk 2019-01-14 12:32:03

IPDC Finance Limited distributed blankets amongst the underprivileged people in Kosba, Brahmanbaria. Blankets were also distributed in Latar Char; Patuakhali, Kurigram and Son Pocha Char; Bogra. Man...

China automakers brace for bumpy ride

China automakers brace for bumpy ride

Reuters 2019-01-14 10:52:49

Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in two decades, as slowing...

Payra port signs deal with Belgian company on capital dredging today

Payra port signs deal with Belgian company on capital dredging today

Talha Bin Habib 2019-01-14 10:41:23

A Belgian company will provide Tk 86.43 billion for capital dredging of the Payra Port's main channel to ensure smooth operational activities of the port, officials said. An agreement to this effect...

Rice prices still remain high

Rice prices still remain high

Yasir Wardad 2019-01-14 10:36:31

Rice prices still remain high despite repeated government efforts to stabilise the market. But price hike has put extra pressure on the people on limited incomes, raising their cost of living. Mil...

Western Marine to build country's largest fishing trawler

Western Marine to build country's largest fishing trawler

Our Correspondent 2019-01-14 10:31:55

Western Marine Shipyard is going to build the largest fishing trawler in Bangladesh for Pacific Eagle Ltd, a concern of renowned JK Group based in Chattogram. The WMShL signed a contract with the Pac...

Britain launches task force to tackle dirty money

Britain launches task force to tackle dirty money

-- 2019-01-14 10:21:14

Britain will work with the financial industry to crack down on fraud, corruption, and dirty money by launching a task force that will include senior banking figures, the finance ministry said on Monda...

Petrobangla updates draft of model PSC

Petrobangla updates draft of model PSC

FE Report 2019-01-14 09:44:50

Petrobangla has updated the draft of the model production sharing contract (PSC) to launch fresh bidding for both onshore and offshore blocks. The state-run oil and gas corporation subsequently sen...

Sonali's SoS for capital support

Sonali's SoS for capital support

Rezaul Karim 2019-01-14 09:43:08

The state-owned Sonali Bank Ltd (SBL) has sought guarantee worth Tk 60 billion from the government to tide over its capital shortfall urgently, officials said. The SBL also requested the government t...

Walton starts commercial sales of its elevators

Walton starts commercial sales of its elevators

-- 2019-01-13 21:36:14

Bangladeshi multinational electronic brand Walton is now manufacturing passengers and cargo elevators in its own factory following European technology and standards, says a press statement. After m...

Two flights of Biman miss arrival schedule

Two flights of Biman miss arrival schedule

FE Online Report 2019-01-13 18:26:13

Two flights of Biman Bangladesh Airlines have failed to meet their arrival schedule at Hazrat Shahjalal International Airport (HSIA) on Sunday. According to sources at Civil Aviation Authority of Ban...

Oil market will return to balance soon: Saudi minister

Oil market will return to balance soon: Saudi minister

-- 2019-01-13 16:41:44

Saudi Arabia’s Energy Minister Khalid al-Falih has said the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed....

Mercantile Bank holds biz confce- 2019

Mercantile Bank holds biz confce- 2019

FE Online Desk 2019-01-13 14:21:22

The Strategic Business Conference- 2019 of Mercantile Bank Limited was held at FARS Hotel & Resorts, Dhaka today (January 13, 2019). The heads of the Bank’s 138 branches and Head Office Div...

NCC Bank holds annual biz confce-2019

NCC Bank holds annual biz confce-2019

FE Online Desk 2019-01-13 14:03:01

  A two-day long Executives & Branch Managers "Annual Business Conference-2019" of NCC Bank Ltd ended recently at Royal Tulip Beach Resort in Cox's Bazar. Md. Nurun Newaz Salim, Chairman...

BGMEA threatens to shut factories if unrest continues

BGMEA threatens to shut factories if unrest continues

FE Online Report 2019-01-13 13:50:21

The apparel sector’s apex body - BGMEA - has threatened to shut all the garment factories for an indefinite period unless the agitating workers join their respective workplaces from tomorrow (Mo...

Southeast Bank arranges biz confce

Southeast Bank arranges biz confce

FE Online Desk 2019-01-13 13:47:00

Southeast Bank Limited (SEBL) organised Business Policy and Planning Conference 2019 to evaluate the business position of the Bank at BRAC CDM (BCDM), Savar, Dhaka on January 12-13. Alamgir Kabir, FC...

Russia to supply nuclear fuel for China’s fast-neutron reactor

Russia to supply nuclear fuel for China’s fast-neutron reactor

FE Online Desk 2019-01-13 13:37:05

TVEL Fuel Company, a subsidiary of Russia’s state atomic energy corporation - Rosatom and CNLY, a subsidiary of China National Nuclear Corporation (CNNC) have signed a contract for supply of nuc...

Low quality ridesharing helmets trigger concerns

Low quality ridesharing helmets trigger concerns

-- 2019-01-13 13:07:36

Passengers of ridesharing services have expressed their dissatisfaction over the low quality of the helmets supplied for free by the companies. An expert has also expressed concern over the use of &l...

Saudi Arabia to set up $10b oil refinery in Pakistan

Saudi Arabia to set up $10b oil refinery in Pakistan

-- 2019-01-13 12:26:28

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being develo...

Move on to import raw sugar for first time

Move on to import raw sugar for first time

Rezaul Karim 2019-01-13 10:32:05

The government has made a move to import raw sugar to boost its stock, for the first time, to address huge shortages of the sweetener, officials said. Abul Rafique, chief of personnel and secretary...

'Auditors need to sit more with banks, FIs' high-ups'

'Auditors need to sit more with banks, FIs' high-ups'

FE Report 2019-01-13 10:24:51

Auditors need to sit with the people involved with governance in banks and other financial institutions (FIs) regularly to overcome challenges for proper implementation of new auditor's report, expert...

Huawei fires employee held for spying in Poland

Huawei fires employee held for spying in Poland

-- 2019-01-13 10:21:36

Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the com...

Exporters seek corridor, cool-chain banks at HSIA

Exporters seek corridor, cool-chain banks at HSIA

Yasir Wardad 2019-01-13 10:08:05

The absence of a separate corridor at Hazrat Shahjalal International Airport (HSIA) hurts exporters in maintaining quality of agro products bound for the European Union. Insiders said consignments ar...

BD needs 4IR plan to reap benefits, say experts

BD needs 4IR plan to reap benefits, say experts

FE Report 2019-01-13 09:43:16

Bangladesh needs to develop a Fourth Industrial Revolution (4IR) strategy on its own to cope with the next wave of global technological transformation, experts said on Saturday. They also called for...