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The Financial Express

Search results for: Trade

BTMA voices concern over frequent fluctuation of cotton price

BTMA voices concern over frequent fluctuation of cotton price

FE Online Desk 2018-12-17 18:52:35

Bangladesh Textile Mills Association (BTMA) raised concern over inadequate supply of gas for power generation and poor port facilities.   The BTMA members also expressed concern over deteriorat...

US brings back 'the ghost of unilateralism' to WTO: China

US brings back 'the ghost of unilateralism' to WTO: China

-- 2018-12-17 18:24:03

China has said the trade measures on items from steel to intellectual property taken by US administration under the guise national security were “bringing back to life the ghost of unilateralism...

US clothing company fined for blocking cross-border sales

US clothing company fined for blocking cross-border sales

-- 2018-12-17 17:40:09

EU antitrust regulators fined US clothing company Guess $45.3 million on Monday for illegally blocking cross-border sales in Europe, as one of several companies targeted since a wide-ranging inquiry i...

Google to establish new campus in New York

Google to establish new campus in New York

-- 2018-12-17 17:21:21

Alphabet Inc’s Google said on Monday that it is investing over $1 billion to establish a new campus in New York city, as it expands its presence in the city’s technology corridor along the...

Amazon workers go on strike in Germany

Amazon workers go on strike in Germany

-- 2018-12-17 15:05:50

Workers at two Amazon distribution centres in Germany have gone on strike as part of a push for improved work conditions, leading to fears that Christmas orders may not arrive in time. The German new...

H&M sales grow in line with expectations in Q4

H&M sales grow in line with expectations in Q4

-- 2018-12-17 14:47:41

Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday that local-currency sales growth for its fiscal fourth quarter roughly matched market expectations. Local-cur...

Trade gap stands at $5.32 billion in Jul-Oct

Trade gap stands at $5.32 billion in Jul-Oct

FE Online Report 2018-12-17 14:43:44

Merchandise trade gap with the rest of the world stood at $5.32 billion in the first four months of the current fiscal year (FY19). Update data on the balance of payments (BoP) released by Bangladesh...

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

Reuters 2018-12-17 14:09:25

Malaysia said on Monday it has filed criminal charges against Goldman Sachs and two of the US bank’s former employees in connection with a corruption and money laundering probe at state fund 1MD...

Mercantile Bank opens 133rd branch

Mercantile Bank opens 133rd branch

FE Online Desk 2018-12-17 14:07:25

Mercantile Bank Limited opened its 133rd branch at Baroadibazar in Narayanganj on Monday. A.K.M. Shaheed Reza, Chairman of the Bank inaugurated the Branch by cutting ribbon as the Chief Guest. Sha...

ABB to sell Power Grids division to Hitachi in $11 billion deal

ABB to sell Power Grids division to Hitachi in $11 billion deal

-- 2018-12-17 13:15:38

A man takes pictures of the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company's full year results, in Zurich, Switzerland, February 8, 2018. Reu...

SBAC Bank launches digital wallet `BanglaPay’

SBAC Bank launches digital wallet `BanglaPay’

FE Online Desk 2018-12-17 12:13:22

South Bangla Agriculture & Commerce (SBAC) Bank Limited has launched a digital payment service ‘BanglaPay’ for its customers at the bank’s head office in the capital. The &lsquo...

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

-- 2018-12-17 11:53:06

Renault (RENA.PA) requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker’s standoff with its Japanese alliance partner in the wake o...

Brent crude dips on global economy worries

Brent crude dips on global economy worries

-- 2018-12-17 10:54:24

Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economies, while US oil markets held steady after US drilling activity fell to its lowest level in...

Mastercard to start deleting data of Indian cardholders from global servers

Mastercard to start deleting data of Indian cardholders from global servers

-- 2018-12-16 18:48:27

Global card payments major Mastercard has proposed to the Reserve Bank a “certain” date from which it will start deleting data of Indian cardholders from global servers but warned that i...

Proposed BTTC to help diversify export items, improve export-GDP ratio

Proposed BTTC to help diversify export items, improve export-GDP ratio

FE Report 2018-12-16 14:27:26

The proposed Bangladesh Trade and Tariff Commission (BTTC), following its establishment, would help the country diversify its export products and improve the export-GDP ratio, according to a keynote p...

Qatar eager to hire more BD workers next year

Qatar eager to hire more BD workers next year

FE Report 2018-12-16 14:23:40

Qatar is expected to recruit more Bangladeshi workers in 2019 to meet its growing demand for development works, said officials. As part of the move, the Arab country has opened a one-stop Qatar Visa...

Don’t get misguided by rumours, BGMEA chief to workers

Don’t get misguided by rumours, BGMEA chief to workers

-- 2018-12-15 18:23:01

Bangladesh Garments Manufacturer and Exporters Association (BGMEA) President Siddiqur Rahman on Saturday called upon the garment workers not to be misguided by the rumours spread by conspirators. He...

Boeing opens plant in China amid US-Sino trade war

Boeing opens plant in China amid US-Sino trade war

-- 2018-12-15 17:18:27

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world’s top travel markets that h...

Tesla cuts China prices after tariff drop on US-made cars

Tesla cuts China prices after tariff drop on US-made cars

Reuters 2018-12-15 14:12:25

Tesla Inc (TSLA.O) has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on US-made cars. According to the electric carmaker’s Chinese website,...

Shariah Supervisory Committee meeting of Trust Bank held

Shariah Supervisory Committee meeting of Trust Bank held

FE Online Desk 2018-12-15 13:07:22

The 38th meeting of Shariah Supervisory Committee of Trust Bank Limited was held recently at Head Office of the Bank. Janab Dr. Mufti Muhammad Abdullah, Chairman, Trust Bank - Shariah Supervisory Com...

BRAC Bank distributes spot SME loan in Faridpur

BRAC Bank distributes spot SME loan in Faridpur

FE Online Desk 2018-12-15 12:50:05

BRAC Bank Limited took part in an open loan distribution program to Tk 10 accountholders under the refinancing scheme of Bangladesh Bank. SME & Special Programs Department, Bangladesh Bank organi...

MDB opens agent banking outlets in Bogura

MDB opens agent banking outlets in Bogura

FE Online Desk 2018-12-15 12:30:56

Midland Bank Limited (MDB) formally inaugurated another two Agent Banking Centres at Guzia Bazar and Amtoli Bazar, Shibgonj Union of Shibgonj Sadar Upozila, Bogura recently. Md. Ahsan-uz Zaman, Manag...

China to halt added tariffs on US-made cars in easing of trade tensions

China to halt added tariffs on US-made cars in easing of trade tensions

Reuters 2018-12-15 12:18:18

China will temporarily suspend additional 25 per cent tariffs on US-made vehicles and auto parts starting January 1, 2019, the finance ministry said on Friday, following a truce in a trade war between...

FCBs benefit much from higher interest rate spread

FCBs benefit much from higher interest rate spread

FE Report 2018-12-15 11:31:04

Foreign commercial banks (FCBs) are at an advantage to reap the benefits of the existing interest rate spread mainly due to their lower cost of funds. The interest rate spread is the difference bet...

CAAB discounts suggestions to shed dual responsibility

CAAB discounts suggestions to shed dual responsibility

Kamrun Nahar 2018-12-15 10:11:32

The national aviation watchdog cannot perform properly in terms of service delivery and regulatory function for having dual responsibility, experts said. It is unable to act both as a regulator and a...

Move to develop expressway network

Move to develop expressway network

Munima Sultana 2018-12-15 10:09:20

The government is toying with an idea to develop an expressway network across the country to establish uninterrupted and speedy connectivity from one corridor to another. The idea is to match with th...

Govt gives BJMC Tk 1.40b to pay dues, wages

Govt gives BJMC Tk 1.40b to pay dues, wages

FE Report 2018-12-15 09:57:04

The government has funded Tk 1.40 billion as loan for payment of jute purchase dues, wages and festival allowances for jute mill workers, officials said. Of them, some Tk 1.0 billion is for payment o...

Dan Foods now exports to Maldives

Dan Foods now exports to Maldives

-- 2018-12-15 00:34:23

Dan Foods Limited has started exporting Dan Cake, a product of the company to Maldives market.  A contract has recently been signed between Dan Foods limited and Mianz Pvt Limited in this regard...

Sale of warm clothes yet to gain momentum in city

Sale of warm clothes yet to gain momentum in city

SM Najmus Sakib 2018-12-14 20:45:01

The sale of warm clothes, especially blankets, is yet to gain momentum in the capital compared to the same period in the previous year, said wholesale and retail traders. Sellers were seen plying bla...

ECB calls for European supervision of funds

ECB calls for European supervision of funds

Reuters 2018-12-14 15:49:59

Investment funds should be supervised at a European, rather than national levels, because a crisis there would be felt across the region, the vice president of the European Central Bank said on Friday...