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The Financial Express

Search results for: Trade

Tripura CM stresses on India, Bangladesh trade

Tripura CM stresses on India, Bangladesh trade

-- 2018-09-03 14:22:45

Tripura Chief Minister (CM) Biplab Kumar Deb has stressed on bettering Indo-Bangladesh relationship and said the two culturally bonded nations should take initiatives together for closer economic ties...

Oil falls on rising output from OPEC and United States

Oil falls on rising output from OPEC and United States

-- 2018-09-03 13:30:49

Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once US sanctions bite from November. International...

Dollar holds firm on escalating global trade tensions

Dollar holds firm on escalating global trade tensions

-- 2018-09-03 13:04:20

The dollar held firm on Monday, benefiting from its status as a safe haven as investors took the impasse in US-Canada trade negotiations as a bad sign for the even trickier talks between the United St...

Fix minimum wage for RMG workers at Tk 16,000: LDA

Fix minimum wage for RMG workers at Tk 16,000: LDA

FE Report 2018-09-03 10:45:05

The Left Democratic Alliance (LDA), a platform of eight left-leaning political parties, has demanded that the government fix the minimum wage for the workers of the readymade garment (RMG) industry...

Changes in design push up Lebukhali bridge project cost

Changes in design push up Lebukhali bridge project cost

Munima Sultana 2018-09-03 09:58:50

Nine years have elapsed, but the Lebukhali Bridge is yet to take shape due to a faulty design and rising project cost. The project has made only 30 per cent progress as of August 2018 due to design-r...

Move to up import duty on sugar

Move to up import duty on sugar

Doulot Akter Mala 2018-09-03 09:48:23

The government has decided to review the existing import duties on raw and refined sugar following a decline in the prices of the item in the international market. The government high-ups will sit Th...

Russian oil output keeps steady  in August near post-Soviet high

Russian oil output keeps steady in August near post-Soviet high

-- 2018-09-02 20:44:47

Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and steady near a post-Soviet high as production curbs were eased, Energy Ministry data showed...

India's Wipro bags $1.5b deal from Alight Solutions

India's Wipro bags $1.5b deal from Alight Solutions

-- 2018-09-02 14:52:10

Indian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with US-based Alight Solutions LLC for digital services, the company said in a statement on S...

Canada not needed in NAFTA deal: Trump

Canada not needed in NAFTA deal: Trump

-- 2018-09-02 13:40:46

US President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would termina...

RAJUK moves to develop  Purbachal water supply system

RAJUK moves to develop Purbachal water supply system

FE Online Desk 2018-09-02 12:08:23

The city development authority RAJUK has taken the move for developing its Purbachal water supply system under a public-private partnership (PPP) project, with opening bids for this on July 11. It pr...

IDB chief due in city Friday to open regional hub office

IDB chief due in city Friday to open regional hub office

FE Report 2018-09-02 10:05:50

President of the Islamic Development Bank (IDB) Dr Bandar M.H. Hajjar arrives in Dhaka this weekend to inaugurate its regional office in Bangladesh, officials said on Saturday. The Jeddah-based Islam...

RAKUB seeks Tk 5.0b BB refinancing loan

RAKUB seeks Tk 5.0b BB refinancing loan

FE Report 2018-09-02 09:47:53

Rajshahi Krishi Unnayan Bank (RAKUB) will receive Tk 5.0 billion (500 crore) in loan under the Bangladesh Bank (BB) refinancing scheme to facilitate its lending operation, officials said. The special...

Diesel-run power plants defy BERC order to fold

Diesel-run power plants defy BERC order to fold

M Azizur Rahman 2018-09-02 09:33:34

The state-owned Bangladesh Power Development Board (BPDB) has allegedly kept four of its most expensive diesel-fired power plants operational, defying directive from the energy regulator to close oper...

'EDCL to be largest medicine manufacturer in South Asia'

'EDCL to be largest medicine manufacturer in South Asia'

-- 2018-09-01 21:29:58

State-owned Essential Drugs Company Ltd (EDCL) is going to be the largest medicine manufacturing company in the South Asia through launching its third plant. Health Minister Mohammed Nasim recently s...

US wheat growers have Trump's  ear on old Canada trade gripe

US wheat growers have Trump's ear on old Canada trade gripe

-- 2018-09-01 20:54:41

CHICAGO/DEVILS LAKE, N D, Sept 01 (Reuters): Gordon Stoner, who grows wheat in Montana about a mile from the Canadian border, would like to sell his wheat to grain elevators in nearby Saskatchewan. Bu...

OPEC August oil output hits 2018 high despite Iran losses

OPEC August oil output hits 2018 high despite Iran losses

-- 2018-09-01 20:50:42

LONDON, Sept 01 (Reuters): OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Irania...

Intra-BIMSTEC trade crosses $80 billion in last year

Intra-BIMSTEC trade crosses $80 billion in last year

FE Online Report 2018-09-01 11:53:03

Intra-regional trade of all seven member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) crossed the $80 billion level in the past year. Stat...

US to move ahead with Mexico trade pact

US to move ahead with Mexico trade pact

-- 2018-09-01 11:17:21

Contentious US-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to si...

Special team to combat cyber risks at BB

Special team to combat cyber risks at BB

FE Report 2018-09-01 10:32:25

The government is going to constitute a special team of experts to combat possible cyber attacks on the central bank, officials said. The move has been made in the wake of the growing cyber threats t...

Ten insurers' 'life fund' shrinks in Q1

Ten insurers' 'life fund' shrinks in Q1

Jasim Uddin Haroon 2018-09-01 10:21:24

The 'life fund' of 10 life insurance companies has shrunk in the first quarter (Q1) of this calendar year, causing frustration to the Insurance Development and Regulatory Authority (IDRA). IDRA issue...

Nod for 100-yr Delta Plan likely this week

Nod for 100-yr Delta Plan likely this week

Mehdi Musharraf Bhuiyan 2018-09-01 09:35:30

The long-awaited mega strategy 'Bangladesh Delta Plan (BDP) 2100' is likely to get the go-ahead this week. It will potentially pave the way for the country to increase its water-related spending th...

PC turns down RHD proposal to revise cost, change design

PC turns down RHD proposal to revise cost, change design

FHM Humayan Kabir 2018-09-01 09:24:34

The Planning Commission (PC) has refused to revise the Dhaka-Mawa four-lane road upgrades project on the grounds of spiralling costs and drastic changes in the design, officials said on Friday. "We...

Coca-Cola to buy Costa coffee chain for $5.1b

Coca-Cola to buy Costa coffee chain for $5.1b

-- 2018-08-31 18:01:14

Coca-Cola is to buy the UK’s biggest coffee chain Costa coffee from owner Whitbread in a deal worth $5.1 billion (3.9 billion pounds). Whitbread had intended to spin off the world's second la...

Japan says financial dialogue with China 'extremely good'

Japan says financial dialogue with China 'extremely good'

-- 2018-08-31 14:40:02

Japanese Finance Minister Taro Aso said on Friday that the current round of financial dialogue with China was “extremely good”, and that both sides agreed to maintain cooperation in macro-...

Oil stable as Iran sanctions loom, but trade wars weigh

Oil stable as Iran sanctions loom, but trade wars weigh

-- 2018-08-31 13:10:38

Oil markets held steady on Friday, supported by looming US sanctions against Iran’s oil exports and falling Venezuelan output, but held back by concerns the trade war between the United States a...

NBR detects under-valued imported items

NBR detects under-valued imported items

FE Report 2018-08-31 12:36:15

The Customs Valuation and Internal Audit Commissionerate (CVIAC) of the National Board of Revenue (NBR) has detected a number of import consignments that entered into the country through under-valuati...

US, Canada likely to resolve differences on NAFTA Friday

US, Canada likely to resolve differences on NAFTA Friday

-- 2018-08-31 11:05:23

Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday, agreeing to meet on Friday (US time) to resolve final differences before a deadline, with M...

RMG sector misses link between social, economic upgrading: CPD

RMG sector misses link between social, economic upgrading: CPD

FE Report 2018-08-31 10:39:07

CPD Chairman Prof Rehman Sobhan speaking at the 'Conference on Transformation in the RMG Sector in Post-Rana Plaza Period' in the city on Thursday — FE Photo The country's readymade garment (RM...

Catches of marine fish from Bay rise

Catches of marine fish from Bay rise

FE Online Desk 2018-08-31 10:37:34

More than 0.12 million tonnes of marine fish have been acquired from the Bay of Bengal in the last fiscal year, an increase by more than 11,000 tonnes over the previous year. The collection from the...

Vegetables, fishes get pricier

Vegetables, fishes get pricier

FE Report 2018-08-31 10:35:23

Prices of vegetables and fishes increased further while the prices of broiler chicken saw a decline this week, compared to the pre-Eid period. Sunday (August 26) was the first working day after the t...