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The Financial Express

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Premier Bank launches ‘Premier Fast Track’

Premier Bank launches ‘Premier Fast Track’

FE Online Desk 2018-02-03 13:42:41

Premier Bank Limited has introduced its digital banking service centre ‘Premier Fast Track’ with the tagline of ‘Tomorrow’s Banking Premiered Today’ at Jamuna Future Park...

Fed orders Wells Fargo to halt growth over compliance issues

Fed orders Wells Fargo to halt growth over compliance issues

-- 2018-02-03 12:38:42

Wells Fargo & Co detailed new regulatory restrictions imposed by the US Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest US bank continues t...

MFS transactions surge in 2017

MFS transactions surge in 2017

Mehdi Musharraf Bhuiyan 2018-02-03 09:46:11

Transactions through mobile financial service platforms posted more than 34 per cent increase in 2017 with continuing the momentum of mobile-based money transactions in the country in recent years. A...

Visitors flock to Dhaka trade fair

Visitors flock to Dhaka trade fair

FE Report 2018-02-03 00:17:43

The Dhaka International Trade Fair (DITF-2018) saw a large number of visitors on Friday, a public holiday, as traders lured them with lucrative offers, gifts, raffle draw and wide range of discounts....

Price benefit eludes exporters as production low

Price benefit eludes exporters as production low

Arafat Ara 2018-02-03 00:00:00

Bangladeshi exporters have failed to benefit from uptrend in prices of black tiger variety shrimp on the international market due to supply shortage. Exporters said that the current price of black ti...

BGMEA’s current tenure extension faces opposition

BGMEA’s current tenure extension faces opposition

FE Online Report 2018-02-03 00:00:00

A faction of the garments sector’s apex trade body has opposed the latest tenure extension of its board of directors. Earlier on Monday, the Commerce Ministry extended the tenure of the current...

Ford to recall nearly 0.60m vehicles for faulty brake

Ford to recall nearly 0.60m vehicles for faulty brake

-- 2018-02-02 14:36:49

Ford Motor’s China joint venture will recall 567,167 vehicles from Feb. 25, China’s quality watchdog said on Friday. The recall is due to some brake-related problems, according to a state...

Apple sees profits rise despite slump in iPhone sales

Apple sees profits rise despite slump in iPhone sales

-- 2018-02-02 14:22:49

Apple sold slightly fewer iPhones in the final three months of 2017 than it did the year before, but higher prices compensated for the dip. The firm reported a record $20 billion in quarterly profits...

Gold prices fall ahead of US jobs data

Gold prices fall ahead of US jobs data

-- 2018-02-02 14:10:43

Global gold prices edged lower on Friday ahead of US jobs data later in the day, with traders looking for any implications for the outlook for US monetary policy over the rest of the year. Spot gol...

US oil prices extend gains

US oil prices extend gains

-- 2018-02-02 14:02:16

Oil prices rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging US production. Brent LCOc1 fu...

Blockchain, AI to reshape financial landscape of Bangladesh

Blockchain, AI to reshape financial landscape of Bangladesh

FE Online Desk 2018-02-02 12:31:18

 eGeneration Ltd., one of the top IT consulting and software companies in Bangladesh, recently organised a roundtable on blockchain technology and artificial intelligence for the financial sector...

BRAC Bank wins SAFA Award

BRAC Bank wins SAFA Award

FE Online Desk 2018-02-02 12:17:45

The South Asian Federation of Accountants (SAFA), an apex body of SAARC, has awarded BRAC Bank Limited with the Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governanc...

Move on to redefine SME to bring equality

Move on to redefine SME to bring equality

FE Report 2018-02-02 00:00:00

SME Foundation (SMEF) has initiated a move to redefine small and medium enterprises (SME) for bringing uniformity in the definition used by all concerned for providing best possible benefits to the po...

Nepali ginger finds alternative  market in Bangladesh

Nepali ginger finds alternative market in Bangladesh

-- 2018-02-01 21:17:33

Ginger exporters have found Bangladesh an alternative market for Nepali gingers, according to a myrepublica.com report. Traders have exported 35 truckloads of ginger to Bangladesh over the past one a...

Facebook Q4 revenue jumps 47pc

Facebook Q4 revenue jumps 47pc

-- 2018-02-01 13:23:06

The quarterly revenue of Facebook Inc jumped to 47 per cent to $12.97 billion in the fourth quarter (Q4), while full-year revenue reached at $40.65 billion in the previous year. Facebook Inc has repo...

Gold dips on outlook for US rate hikes

Gold dips on outlook for US rate hikes

Reuters 2018-02-01 11:27:14

Gold prices inched down early on Thursday after the US Federal Reserve left interest rates unchanged but hinted at hikes later this year. Fundamentals * Spot gold XAU= was down 0.2 per cent at $1,34...

Oil extends gains on robust OPEC compliance

Oil extends gains on robust OPEC compliance

-- 2018-02-01 11:21:01

US oil prices extended modest gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that US production topped 10 million barrels per day for the first time in ne...

Samsung enters cryptocurrency chips business

Samsung enters cryptocurrency chips business

-- 2018-02-01 10:28:57

Samsung Electronics has revealed it is making chips designed specifically to harvest cryptocurrency coins. The firm made the disclosure in its latest earnings report on Wednesday, where it said the a...

Bhutan shows interest to expand business ties

Bhutan shows interest to expand business ties

FE Report 2018-02-01 10:08:57

The visiting delegation of Bhutan expressed deep interest on Wednesday to develop business relationships with Bangladesh. The expression of interest came at a meeting between the 36-member Bhutanese...

Total announces major deepwater  discovery in the Gulf of Mexico

Total announces major deepwater discovery in the Gulf of Mexico

-- 2018-02-01 00:58:58

French oil and energy group Total said on Wednesday that it had made a significant oil discovery at the Ballymore prospect in the deep offshore in the US Gulf of Mexico, its largest discovery in the a...

Customs levy duty on materials used to package imported goods

Customs levy duty on materials used to package imported goods

Doulot Akter Mala 2018-02-01 00:00:00

Importers have been facing difficulties in releasing their imported goods from customs houses due to a different type of duty levied through an order issued by the customs wing recently. In its order...

Facebook forecasts rise in ad sales

Facebook forecasts rise in ad sales

-- 2018-02-01 00:00:00

Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flags...

Robi launches Int'l Mother Language Day quiz contest

Robi launches Int'l Mother Language Day quiz contest

FE Online Desk 2018-02-01 00:00:00

Mobile network operator Robi has launched a special quiz campaign in commemoration of the upcoming International Mother Language Day (21st February). All Robi and Airtel subscribers can take part at...

Metlife gives Tk 12.21m to workers' welfare foundation

Metlife gives Tk 12.21m to workers' welfare foundation

FE Online Desk 2018-02-01 00:00:00

American life insurance company Metlife has contributed Tk 12.21 million to the Bangladesh Workers' Welfare Foundation. M Ala Uddin Ahmed, chief financial officer of the Metlife Bangladesh, on Thur...

BD mulls rice purchase from India scrapping Thailand deal

BD mulls rice purchase from India scrapping Thailand deal

FE Online Desk 2018-02-01 00:00:00

Bangladesh will scrap a plan to import 150,000 tonnes of rice from Thailand as the latter is delaying finalisation of the deal. The South Asian nation's head of the state grains buyer came up with th...

Textile materials fair kicks off in city

Textile materials fair kicks off in city

FE Online Report 2018-01-31 15:42:33

A four-day exposition on yarn, fabric, denim, dyes and chemicals kicked off on Wednesday in the city's International Convention City Bashundhara (ICCB) aiming to give an impetus to the country&rsquo...

UK car output drops to 9-year low

UK car output drops to 9-year low

-- 2018-01-31 14:53:00

British car production fell 3.0 per cent at 1.67 million vehicles in 2017, falling to a 9-year low, an industry body said on Wednesday. The car production fell last year for the first time since 20...

ONE Bank opens 93rd branch

ONE Bank opens 93rd branch

FE Online Desk 2018-01-31 14:22:01

ONE Bank Limited has opened its 93rd branch at Tanbazar area in Narayangonj district, recently.  Sayeed H Chowdhury, chairman of the ONE Bank, inaugurated the branch on Sunday, according to a m...

Fujifilm to cut 10,000 jobs globally

Fujifilm to cut 10,000 jobs globally

-- 2018-01-31 13:59:52

Fujifilm Holdings Corporation is cutting 10,000 jobs globally at its joint venture with Xerox Corp, to overhaul the photocopying business amid a tough market environment. The Japanese company said it...

Robi team greets Mustafa Jabbar

Robi team greets Mustafa Jabbar

FE Online Desk 2018-01-31 13:34:52

Robi’s senior management team has greeted Mustafa Jabbar, newly-appointed Posts, Telecommunications, Information and Communication Technology Minister, at his office. Mahtab Uddin Ahmed, Robi&r...