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The Financial Express

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Lack of morals behind financial irregularities in banks!

Lack of morals behind financial irregularities in banks!

-- 2017-12-14 12:00:00

Increasing financial irregularities in the banking sector are attributable to the lack of morals, reckon around 73 per cent bankers of the country. This is revealed at a workshop on "Corporate Ethics...

Bangladesh tops India’s November foreign tourists chart

Bangladesh tops India’s November foreign tourists chart

-- 2017-12-14 12:00:00

Bangladesh accounted for 16.77 per cent of total tourist arrivals in India in November, topping the foreign tourists' arrival chart.  The data showed the percentage share of Foreign Tourist Arri...

Chubb makes leadership appointments in Asia Pacific

Chubb makes leadership appointments in Asia Pacific

-- 2017-12-14 11:59:25

Chubb today (Thursday) announced two leadership appointments in the company's Asia Pacific business. Both appointments will be effective from February 01, 2018 and subject to regulatory approval, says...

Oil prices up on lower US crude stocks

Oil prices up on lower US crude stocks

Reuters 2017-12-14 10:49:28

Oil markets rose on Thursday, lifted by a fourth straight weekly fall in US crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. US West Texas...

Rising US output threatens global  oil market balance in 2018

Rising US output threatens global oil market balance in 2018

-- 2017-12-14 09:25:50

The global oil market will likely show a surplus in the first half of 2018, as rising US supply offsets OPEC's discipline in maintaining its production cuts for the whole of next year, the Internation...

Russia will open bank in Bangladesh

Russia will open bank in Bangladesh

-- 2017-12-14 03:57:39

A branch of a Russian Bank will soon be opened in Bangladesh to establish banking channel aimed at expanding cooperation in the private sector. This was disclosed by Ambassador of the Russian Federat...

Disney set for $75b Fox merger

Disney set for $75b Fox merger

-- 2017-12-14 01:45:09

Walt Disney Co’s deal to buy film, television, and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion,...

Bank of China in financing deal with UAE industrial zone

Bank of China in financing deal with UAE industrial zone

-- 2017-12-14 01:06:16

Bank of China, China's fourth largest bank by assets, has signed an agreement to provide financing to companies setting up in a major Abu Dhabi industrial zone as it looks to capitalise on China's Bel...

UK pipeline outage lifts oil prices

UK pipeline outage lifts oil prices

-- 2017-12-13 12:57:03

Britain's biggest oil pipeline from its North Sea fields is likely to be shut for two weeks for repairs, an industry source said on Tuesday, sending international crude prices higher. The closure has...

Alin Food Products makes debut in BD mkt

Alin Food Products makes debut in BD mkt

FE Online Desk 2017-12-13 12:35:59

Alin Food Products Ltd has recently launched its operation in Bangladesh, said a statement. Omar Farooque,Chairman & Managing Director of Alin Food Products Ltd., popular singer Momtaz Begum, MP...

Dhaka Bank, Epyllion Group ink deal on cash management services

Dhaka Bank, Epyllion Group ink deal on cash management services

FE Online Desk 2017-12-13 12:18:25

Dhaka Bank and Epyllion Group have signed an agreement on Cash Management Services at Dhaka Bank Corporate Office Tuesday. Under this agreement, Dhaka Bank Ltd will provide Cash Management facility t...

Oil prices recover on big US crude stock drawdown

Oil prices recover on big US crude stock drawdown

Reuters 2017-12-13 12:05:19

Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in US crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also contin...

Disney nears $60b Fox takeover deal

Disney nears $60b Fox takeover deal

-- 2017-12-13 12:00:00

Walt Disney is close to confirming a deal to buy 21st Century Fox's entertainment assets for about $60 billion, reports say. The sale would include the 20th Century Fox film studio and the Sky and St...

Power generation cost soaring on rise in int'l fuel prices

Power generation cost soaring on rise in int'l fuel prices

M Azizur Rahman 2017-12-13 12:00:00

The country's overall electricity generation cost started rising significantly from November 2017 amid escalating oil prices in the international market, as the power production is heavily dependent o...

3-day laptop fair begins Thursday

3-day laptop fair begins Thursday

FE Online Desk 2017-12-13 12:00:00

The 19th ‘Laptop Fair’ kicks off on Thursday.  The three-day long fair will be held at the Bangabandhu International Conference Centre (BICC) in Dhaka. Science and Technology Minist...

Bitcoin eyes $20,000 mark

Bitcoin eyes $20,000 mark

-- 2017-12-13 10:42:32

Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a US exchange and ahead of the start of another futures contract next week...

JBL holds branch managers’ conference

JBL holds branch managers’ conference

FE Online Desk 2017-12-13 03:47:03

Janata Bank Limited (JBL) has organised a branch managers’ conference of Faridpur Division at Gopalgonj Circuit House, recently. Md Abdus Salam Azad, chief executive officer, & managing dir...

Matlub Ahmad takes charge of IBCCI president

Matlub Ahmad takes charge of IBCCI president

FE Online Desk 2017-12-13 03:38:12

Outgoing president of India-Bangladesh Chamber of Commerce and Industry (IBCCI) has handed over charge of the IBCCI to the newly elected president of the chamber Abdul Matlub Ahmad, recently. He has...

Bank Asia conducts training on anti-money laundering

Bank Asia conducts training on anti-money laundering

FE Online Desk 2017-12-13 03:15:36

A daylong training session entitled “Prevention of Money Laundering and Combating Financing on Terrorism”, organised by Bank Asia was held recently in Chittagong. Participants of the trai...

India bonds fall after November inflation

India bonds fall after November inflation

Reuters 2017-12-13 03:15:04

India’s benchmark 10-year bond fell to its lowest level in more than 16 months on Wednesday, while shares weakened after unexpectedly high November consumer inflation created the prospect the Re...

BD-China Exhibition Centre at Purbachal by 2021

BD-China Exhibition Centre at Purbachal by 2021

Ismail Hossain 2017-12-12 12:46:24

An international exhibition centre which was supposed to be completed by November 2018 will now be ready as a permanent venue for trade fair at Purbachal in 2021, officials said. The government wil...

German-US bond yield gap near 8-month high as central bank meetings loom

German-US bond yield gap near 8-month high as central bank meetings loom

-- 2017-12-12 12:40:24

LONDON, Dec 11 (Reuters): The gap between benchmark German and US 10-year bond yields was close to its widest since April on Monday as the fiscal and policy paths of two of the world's most important...

Farmers Bank gets a Tk 5.0b kiss of life

Farmers Bank gets a Tk 5.0b kiss of life

Siddique Islam 2017-12-12 12:00:00

Farmers Bank Limited (FBL) that saw a management shakeup recently is getting a Tk 5.0-billion bailout to enhance its capital to a universally-accepted benchmark. The central bank gave permission Mond...

LNG import: Govt mulls revolving fund to meet expenses

LNG import: Govt mulls revolving fund to meet expenses

Rezaul Karim 2017-12-12 12:00:00

The government is contemplating to provide state-run Petrobangla with an initial revolving fund of Tk 54.82 billion to facilitate importing LNG (Liquefied Natural Gas) for meeting the country's growin...

RMG yet to woo prospective graduates: BGMEA

RMG yet to woo prospective graduates: BGMEA

FE Online Report 2017-12-12 12:00:00

The country’s apparel industry, despite emerging as the largest exporting sector, has yet to prove appealing to the graduates. “It is unfortunate that our young generation after completin...

IBBL opens its 331st branch at Phulpur

IBBL opens its 331st branch at Phulpur

FE Online Desk 2017-12-12 07:29:29

Islami Bank Bangladesh Limited (IBBL) has opened its 331st branch on Tuesday at Phulpur of Mymensingh. IBBL’s Chairman Arastoo Khan inaugurated the branch through a function as chief guest. Th...

IPDC Finance signs MoU with PHP

IPDC Finance signs MoU with PHP

FE Online Desk 2017-12-12 07:26:37

IPDC Finance Limited is offering a 1.25 per cent interest rate discount on the card rate of automobiles without any processing fee and repayment fee. To this end, IPDC has recently signed Memorandum...

More banks will increase service availability: Muhith

More banks will increase service availability: Muhith

-- 2017-12-12 06:58:30

The government should introduce more banks for providing banking services at the doorsteps of people, said Finance Minister AMA Muhith. "There're many banks in the country. I am not worried about it...

Trade deficit more than doubles

Trade deficit more than doubles

FE Online Report 2017-12-12 06:15:40

Country’s overall trade deficit has more than doubled in the first four months of the current fiscal year (FY) due to higher import payments and lower export receipts, officials said. The trade...

FSIBL inaugurates agent banking outlet in Bagharpara

FSIBL inaugurates agent banking outlet in Bagharpara

FE Online Desk 2017-12-12 03:38:52

First Security Islami Bank Limited (FSIBL) has inaugurated its agent banking outlet at Narikelbaria Bazar in Bagharpara upazila of Jessore district. Md Mustafa Khair, Deputy Managing Director of the...