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The Financial Express

Search results for: Trade

Indian firm to invest $10m in Meghna IEZ

Indian firm to invest $10m in Meghna IEZ

-- 2019-01-03 20:03:52

An Indian private firm is set to make an initial investment of $10 million in one of the country’s economic zones to set up a factory to manufacture liquid ink. To this end, Sakata Inx (Banglad...

Waning iPhone demand highlights consumer anxiety in China

Waning iPhone demand highlights consumer anxiety in China

-- 2019-01-03 19:03:27

Apple's $1,000 iPhone is a tough sell to Chinese consumers jittery over an economic slump and the trade war with Washington. CEO Tim Cook told shareholders Wednesday that iPhone demand is waning, mai...

Chinese coffee chain Luckin aims to open 2500 stores this year

Chinese coffee chain Luckin aims to open 2500 stores this year

-- 2019-01-03 14:45:46

Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world’s second-biggest economy, the...

Flight from Bangkok misses arrival schedule

Flight from Bangkok misses arrival schedule

FE Online Report 2019-01-03 14:21:32

One flight of Thai Airways has failed to meet its arrival schedule at Hazrat Shahjalal International Airport (HSIA) in Dhaka on Thursday. A flight from Bangkok was scheduled to arrive at the airport...

For Warren Buffett, sinking Apple shares a wish come true

For Warren Buffett, sinking Apple shares a wish come true

-- 2019-01-03 13:13:03

Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish. Apple’s warning on Wednesday about weak iPhone demand in...

Tesla cuts US prices on all vehicles, shares drop

Tesla cuts US prices on all vehicles, shares drop

-- 2019-01-03 13:03:59

Tesla Inc (TSLA.O) on Wednesday cut US prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the ele...

592 die on duty in 2018: Study

592 die on duty in 2018: Study

FE Report 2019-01-03 12:58:03

At least 592 employees died in 484 workplace accidents across the country in 2018, according to a report launched on Wednesday. The highest number of deaths-31 per cent or 184 -- was recorded on cons...

GM sold 0.2m electric vehicles in US by 2018, triggering tax-credit phaseout

GM sold 0.2m electric vehicles in US by 2018, triggering tax-credit phaseout

Reuters 2019-01-03 10:59:56

General Motors hit 0.2 million (200,000) total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the ne...

Saudi Arabia may cut February heavy crude prices to Asia

Saudi Arabia may cut February heavy crude prices to Asia

-- 2019-01-03 10:43:49

Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said on Thursday. Weak refining...

Ctg port posts record cargo handling in 2018

Ctg port posts record cargo handling in 2018

Pankaj Dastider 2019-01-03 10:12:38

A set of measures taken by the Chittagong Port Authority in association with its stakeholders helped it improve performance in the containerised cargo handling in the just-concluded calendar year. La...

Little progress in metro rail recruitment

Little progress in metro rail recruitment

Munima Sultana 2019-01-03 10:11:26

The state-owned metro rail company is going very slow on recruiting people for the metro rail system although three mass rapid transit (MRT) projects are progressing well. Sources said the Dhaka Mass...

Apple cuts revenue forecast on weak China sales

Apple cuts revenue forecast on weak China sales

-- 2019-01-03 10:05:08

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertain...

'Let Taka depreciate more'

'Let Taka depreciate more'

Jasim Uddin Haroon 2019-01-03 09:39:22

The local currency Bangladesh Taka (Tk) depreciated by nearly 1.5 per cent to Tk 83.90 against the US Dollar (US$) in the year 2018 as a result of widening deficit in the country's overall balance of...

Oil falls to $53 on surging supply

Oil falls to $53 on surging supply

-- 2019-01-02 20:41:12

Oil fell to around $53 a barrel on Wednesday, pressured by rising output in major OPEC and non-OPEC producers and concern about an economic slowdown that could weaken demand, reports Reuters. Russian...

Oil falls to $53 on economic worries, surging supply

Oil falls to $53 on economic worries, surging supply

-- 2019-01-02 20:25:34

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand. Russian pro...

Six new Indian visa centres in Bangladesh

Six new Indian visa centres in Bangladesh

-- 2019-01-02 17:23:56

India has opened six new Visa Application Centres (IVACs) in Bangladesh, raising the total number of IVACs to 15, announced its High Commission here on Wednesday, reports UNB. The six new IVACs are...

BJMA wants duty on raw jute export

BJMA wants duty on raw jute export

FE Report 2019-01-02 15:12:08

The country's private jute millers have urged the government to impose duty on export of raw jute to help curb its export and survive local jute goods producers. The local jute goods producers were f...

Potato price may go further up

Potato price may go further up

Yasir Wardad 2019-01-02 10:51:26

The acreage of potato cultivation is set to decline this year as farmers are switching to other crops after witnessing severe losses last year. As a result, potatoes might be pricier this year, exper...

IDCOL's Solar Home System running out of steam

IDCOL's Solar Home System running out of steam

Sajibur Rahman 2019-01-02 10:43:56

The Solar Home System (SHS) programme of the state-run Infrastructure Development Company Limited (IDCOL) is losing its edge because of growing renewable energy business and expansion of electricity n...

Low-priced power next govt's key challenge: Nasrul

Low-priced power next govt's key challenge: Nasrul

FE Report 2019-01-02 10:30:25

State minister for power, energy, and mineral resources Nasrul Hamid has said the major challenge of the next government would be to ensure affordable power and energy. "We [have] already achieved su...

Alliance winds up operations

Alliance winds up operations

FE Report 2019-01-02 10:24:35

The 'Alliance' has shut down its operations in the ready-made garment (RMG) sector in Bangladesh as its transitional period ended on December 31. To this end, the North America-based apparel brands a...

Double-track railway line from Joydevpur to Iswardi soon

Double-track railway line from Joydevpur to Iswardi soon

FHM Humayan Kabir 2019-01-02 09:43:03

The government is set to construct the country's second largest dual-gauge double railway line between Joydevpur and Iswardi to connect the eastern region with western and north-western areas, officia...

Nov sees further dip in interest rate spread

Nov sees further dip in interest rate spread

Siddique Islam 2019-01-02 09:29:37

Interest rate spread in the country's banking sector decreased further in November, although the commercial banks increased their interest rates more on deposit than lending, officials said. The inte...

Oversupply, faltering growth to weigh on oil prices in 2019

Oversupply, faltering growth to weigh on oil prices in 2019

-- 2019-01-01 15:27:08

Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the mark...

After damaging report, J&J doubles down on talc safety message

After damaging report, J&J doubles down on talc safety message

Reuters 2019-01-01 11:03:14

Johnson & Johnson Inc’s statement was unequivocal. "The FDA has tested Johnson's talc since the '70s. Every single time it did not contain asbestos," the company said in a December 19 tweet...

Improve governance, prioritise war on graft: Businesses to new govt

Improve governance, prioritise war on graft: Businesses to new govt

Mir Mostafizur Rahaman 2019-01-01 10:28:37

Zero tolerance to corruption, quality implementation of the mega infrastructure projects and lower cost of business should be the priority of the new government in the New Year, top industry leaders s...

Businesses witness poor sales on New Year's eve

Businesses witness poor sales on New Year's eve

Yasir Wardad 2019-01-01 10:14:52

Trading on the occasion of the New Year celebration showed a grim picture in the city this year amid low presence of customers which traders attributed to the fear of chaos before and after the nation...

RMG unlikely to meet $50b export target by 2021

RMG unlikely to meet $50b export target by 2021

Monira Munni 2019-01-01 10:11:33

Uncertainty looms large over the achievement of US$50-billion export earning target by the country's readymade garment (RMG) sector by the year 2021, sources said. The recent export earning trend of...

BUET to develop model for operating BRT North

BUET to develop model for operating BRT North

Munima Sultana 2019-01-01 10:00:22

The Roads and Highways Department (RHD) has sought the help of the Bangladesh University of Engineering and Technology (BUET) to develop a model for operating the bus-based mass transport service in...

Oil prices set for first yearly drop since 2015

Oil prices set for first yearly drop since 2015

-- 2018-12-31 13:45:20

Oil prices climbed on the final trading day of the year on Monday, mirroring gains in stock markets, but were on track for the first yearly decline in three years amid lingering concerns of a persiste...