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The Financial Express

Search results for: Trade

China’s trade surplus with US widens to record $34b

China’s trade surplus with US widens to record $34b

-- 2018-10-12 18:07:57

Despite a worsening tariff war, China's trade surplus with the United States has widened to a record $34.1bn in September. Chinese exports to the American market rose by 13 per cent over a year to $4...

WB Group, Germany, UK launch $145m financing facility

WB Group, Germany, UK launch $145m financing facility

-- 2018-10-12 16:18:30

The World Bank Group, in partnership with the governments of Germany and the United Kingdom, announced today (Friday) a US$145 million Global Risk Financing Facility (GRiF) to help vulnerable countrie...

'G20 can provide platform to discuss trade rift'

'G20 can provide platform to discuss trade rift'

-- 2018-10-12 16:10:46

Trade tensions among the Group of 20 leading industrialised and emerging economies could only be solved by the countries that are directly involved in the rift. Argentine Treasury Minister Nicolas Du...

China sells $3.0b in dollar bonds amid market turmoil

China sells $3.0b in dollar bonds amid market turmoil

-- 2018-10-12 14:07:00

China has sold $3.0 billion of sovereign dollar bonds, its third such sale in the last 14 years, drawing healthy investor demand against a backdrop of global market turmoil and a trade war with the Un...

Oil jumps more than 1.0pc after two-day fall, still set for weekly drop

Oil jumps more than 1.0pc after two-day fall, still set for weekly drop

-- 2018-10-12 13:50:33

Crude prices jumped 1.0 per cent on Friday, rebounding after two days of heavy declines with support from robust Chinese crude imports, but oil was still heading for its first weekly drop in five week...

India makes another tariff hike list to stem rupee slide

India makes another tariff hike list to stem rupee slide

-- 2018-10-12 13:38:56

India said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee. The tariff hike, the second...

Gazette on draft minimum wage

Gazette on draft minimum wage

FE Report 2018-10-12 11:10:47

The government has issued a gazette on the draft recommendation of the national minimum wage board for fixing Tk 8,000 for an entry-level garment worker. Anyone can give written objections or recomme...

Feasibility study on FTA with SL to be finalised this month

Feasibility study on FTA with SL to be finalised this month

FE Report 2018-10-12 11:05:32

A joint feasibility study on the signing of proposed Free Trade Agreement (FTA) between Bangladesh and Sri Lanka would be finalised by this month. Visiting Sri Lankan development strategies and inter...

Prices of fish, local chicken go up

Prices of fish, local chicken go up

FE Report 2018-10-12 11:05:24

Prices of fish and local chicken have increased further this week, adding to woes of the consumers. Meanwhile, sugar price witnessed a decline, but prices of some vegetables showed an uptrend over th...

IMF warns trade friction, market turmoil to hurt Asian growth

IMF warns trade friction, market turmoil to hurt Asian growth

-- 2018-10-12 10:59:29

Sustained trade tensions could slash Asia’s economic growth by up to 0.9 percentage point in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise m...

IBBL CEO attends int'l conference on IFIs

IBBL CEO attends int'l conference on IFIs

FE Desk Report 2018-10-12 10:51:44

General Council for Islamic Banks and Financial Institutions (CIBAFI) and the World Bank Group jointly organised an international conference on `Corporate Governance of Islamic Financial Institutions:...

Bangladesh-Malaysia to sign MoU on tourism cooperation

Bangladesh-Malaysia to sign MoU on tourism cooperation

-- 2018-10-11 16:51:33

Bangladesh and Malaysia are planning to sign a memorandum of understanding (MoU) for increasing cooperation aimed at further development of tourism sectors of both the nations. The decision was made...

Trade thru Hili port to remain suspended for nine days

Trade thru Hili port to remain suspended for nine days

-- 2018-10-11 15:58:33

Trade activities – mainly import and export will remain suspended for nine days from tomorrow (Friday) through Hili Land Port (HLP) under Hakimpur upazila in Dinajpur district on the occasion of...

Amazon scraps secret AI recruiting tool biased against women

Amazon scraps secret AI recruiting tool biased against women

-- 2018-10-11 15:05:17

Amazon.com Inc's machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programmes since 2014 to review job applican...

Oil extends losses as other markets fall, stockpiles climb

Oil extends losses as other markets fall, stockpiles climb

-- 2018-10-11 12:43:35

Oil fell to two-week lows on Thursday as it extended big losses from the previous session amid a rout in global stock markets, with prices also hit by an industry report showing US crude inventories r...

BD beats India, Pakistan in ‘human capital’ index

BD beats India, Pakistan in ‘human capital’ index

-- 2018-10-11 11:53:10

The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and h...

Anonymous transaction biggest loophole: BIBM

Anonymous transaction biggest loophole: BIBM

FE Report 2018-10-11 11:19:58

Anonymous transaction is the "biggest loophole" in tackling money laundering through mobile payment in Bangladesh, a new survey on the bankers has revealed. Improper KYC (Know Your Client) by agents...

World Bank's Kim sees 'clear' economic slowdown if trade war escalates

World Bank's Kim sees 'clear' economic slowdown if trade war escalates

-- 2018-10-11 11:18:54

World Bank President Jim Yong Kim said on Thursday he is very concerned about the trade tensions between China and the United States and warned of a clear hit to global growth if all countries escalat...

BR to buy 70 locomotives from S Korea

BR to buy 70 locomotives from S Korea

FE Report 2018-10-11 11:15:44

Bangladesh Railway (BR) has signed a contract with Global Hyundai Rotem, a South Korean company, to procure 70 metre-gauge locomotives for improving its services. Project director Abdul Matin Chowdhu...

Khulna-Mongla rail project under Indian LoC limping

Khulna-Mongla rail project under Indian LoC limping

Mir Mostafizur Rahaman 2018-10-11 10:51:40

The slow implementation of the Khulna-Mongla rail connectivity project, one of the top priority schemes under the Indian Line of Credit (LoC), raises concern among the stakeholders. The latest review...

BMW to gain control of its venture in China

BMW to gain control of its venture in China

-- 2018-10-11 10:48:07

Germany’s BMW (BMWG.DE) said it will take majority control of its main China joint venture for 3.6 billion euros ($4.2 billion), the first such move by a global carmaker as Beijing starts to rel...

Employees of state-run jute mills to get wage arrears

Employees of state-run jute mills to get wage arrears

FE Report 2018-10-11 10:22:34

The government has allocated Tk 1.0 billion in loan for the state-run jute mills to pay wages and arrears to the employees who have long been going through financial hardship because of non-payment of...

DMTCL signs deal with seven-co JV

DMTCL signs deal with seven-co JV

FE Report 2018-10-11 10:16:34

Dhaka Mass Transit Company Limited (DMTCL) has signed a contract with a Japanese company-led joint venture (JV) to carry out detailed design work of the city's second metro-rail project. DMTCL Managi...

WB launches 'human capital' rankings based on health, education

WB launches 'human capital' rankings based on health, education

Reuters 2018-10-11 10:12:55

The World Bank Group has unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education a...

$100m BIMSTEC development  fund on the cards

$100m BIMSTEC development fund on the cards

FE Report 2018-10-11 10:08:30

The member states of regional trade bloc BIMSTEC are set to establish a fund for research, planning and financing development projects. At the initial stage, officials have said, the fund styled 'B...

BD’s migration cost among the highest in world: IOM

BD’s migration cost among the highest in world: IOM

FE Report 2018-10-11 09:36:52

Bangladesh is still among a few countries in the world, which has the highest migration cost, according to preliminary findings of a recent study of the International Organisation for Migration. Thes...

Railway signs MoU with Hyundai to buy 70 locomotives

Railway signs MoU with Hyundai to buy 70 locomotives

-- 2018-10-10 17:58:23

Bangladesh Railway has signed an agreement with Korean Hyundai Rotem for procuring 70 meter gauge locomotives. Project Director Abdul Matin Chowdhury and Director of Global Rail Hyundai Rotem Kwang-K...

Vietjet signs $1.24b deal for 10 Airbus planes

Vietjet signs $1.24b deal for 10 Airbus planes

-- 2018-10-10 15:13:34

Vietnam’s Vietjet Aviation signed a combined $1.24 billion (943 million pounds) worth of financing agreements to eventually purchase up to 10 Airbus planes, the company said on Wednesday. Vietj...

Govt yet to get full benefits from Savar ETP

Govt yet to get full benefits from Savar ETP

FE Report 2018-10-10 13:12:16

Industries Minister Amir Hossain Amu has said the Effluent Treatment Plant (ETP) in Savar tannery estate has not been fully functional till date mainly due to fault by Chinese contractors. "We are ye...

Lub-rref  receives renewed accreditation certificate from BAB

Lub-rref receives renewed accreditation certificate from BAB

FE Online Desk 2018-10-10 12:56:27

Lub-rref (Bangladesh) Ltd has recently received its renewed Accreditation Certificate from Bangladesh Accreditation Board (BAB). Through this achievement, Lub-rref (Bangladesh) Ltd can perform test o...