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The Financial Express

Search results for: EC

Interest rate spread falls to 4.31pc in July

Interest rate spread falls to 4.31pc in July

Siddique Islam 2018-09-01 10:04:04

Interest rate spread in the country's banking sector decreased in July, as the commercial banks slashed their interest rates further on lending than deposit, officials said. The weighted average spre...

BB decides to sue RCBC to recover stolen reserve

BB decides to sue RCBC to recover stolen reserve

Syful Islam 2018-09-01 09:54:10

The Bangladesh Bank (BB) will file a case against the Rizal Commercial Banking Corporation (RCBC) of the Philippines in January next, unless the stolen reserve money is recovered normally. The centra...

Aus paddy harvest starts, bumper yield likely

Aus paddy harvest starts, bumper yield likely

FE Report 2018-09-01 09:38:19

The harvest of Aus paddy has begun across the country, raising hope among the farmers of getting another bumper output this year. Paddy price is much higher this year than that of last year due to de...

Pests to eat more crops in warmer world

Pests to eat more crops in warmer world

-- 2018-08-31 17:29:05

Insects will be at the heart of worldwide crop losses as the climate warms up, predicts a US study. Scientists estimate the pests will be eating 10-25 per cent more wheat, rice and maize across the g...

California looks to adopt Obama-style net neutrality rules

California looks to adopt Obama-style net neutrality rules

-- 2018-08-31 14:16:25

California lawmakers moved on Thursday toward imposing the nation’s strictest net neutrality laws on internet providers, flying in the face of sweeping new Federal Communications Commission (FCC...

India's economy likely grew 7.6 per cent

India's economy likely grew 7.6 per cent

-- 2018-08-31 13:32:16

India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods. The Reuter...

AIIB directors to visit development projects

AIIB directors to visit development projects

FE Online Desk 2018-08-31 10:42:08

A high-powered delegation from China-led Asian Infrastructure Investment Bank (AIIB) will visit Bangladesh to inspect some development projects, officials said on Thursday. Officials at the Economic...

Foreign aid getting costlier for Bangladesh

Foreign aid getting costlier for Bangladesh

FHM Humayan Kabir 2018-08-31 09:47:49

Bangladesh's foreign aid taking is becoming pricier, as three key donors have enhanced their interest rates and service charges from this fiscal year (FY), 2018-19, officials said on Wednesday. In th...

PM for categorising 14 sectors to tap Bimstec potentials

PM for categorising 14 sectors to tap Bimstec potentials

-- 2018-08-30 18:29:24

Prime Minister Sheikh Hasina on Thursday proposed categorising 14 sectors into several clusters to make them more synergised for achieving an early dividend from Bimstec, reports UNB. "To achieve an...

Air Canada suffers over data breach

Air Canada suffers over data breach

-- 2018-08-30 16:43:18

Air Canada's app has suffered a data breach resulting in the suspected loss of thousands of its customers' personal details. The airline has warned that users who had entered their passport details i...

BIMSTEC Summit: FMs agree on projects worth $50b

BIMSTEC Summit: FMs agree on projects worth $50b

-- 2018-08-30 13:14:25

The foreign ministers of BIMSTEC countries have agreed to identify and push forward 167 various connectivity-related projects at an estimated cost of $50 billion. The ministers of the Bay of Bengal I...

Argentina asks IMF for early release of $50b bailout funds

Argentina asks IMF for early release of $50b bailout funds

-- 2018-08-30 11:35:01

Argentina's government has unexpectedly asked for the early release of a $50 billion loan from the IMF amid a growing economic crisis. President Mauricio Macri said the move was designed to restore c...

Jolly expressions attract goats

Jolly expressions attract goats

-- 2018-08-29 17:00:08

Scientists have found that goats are drawn to humans with happy facial expressions. The result suggests a wider range of animals can read people's moods than was previously thought. The team showed...

Facebook rolls out YouTube-like service

Facebook rolls out YouTube-like service

-- 2018-08-29 16:53:12

Facebook's Watch video-streaming service is rolling out worldwide, just over a year after its US launch. Users will be able to choose from a range of shows - from both established brands and new play...

Berkshire Hathaway buys stake in India's Paytm

Berkshire Hathaway buys stake in India's Paytm

-- 2018-08-29 16:28:13

Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into...

London house price to crash: Reuters poll

London house price to crash: Reuters poll

-- 2018-08-29 14:10:53

House prices in London’s overvalued market will fall this year and next, a Reuters poll of around 30 housing market specialists predicted. The house prices will tumble if Britain fails to reach...

Talks on to set agendas for BIMSTEC Summit

Talks on to set agendas for BIMSTEC Summit

FE Report 2018-08-29 11:11:32

Foreign secretary level officials of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states held a pre-summit meeting in Kathmandu, Nepal on Tuesd...

EA cancels gaming events after gamers shot dead

EA cancels gaming events after gamers shot dead

-- 2018-08-28 15:05:20

A major eSports tournament has been suspended by games publisher Electronic Arts (EA) after a shooting that saw two competitors killed on Sunday. Three events have been cancelled while the firm condu...

Life ins firms invest $9.3b in Vietnam’s economy in H1

Life ins firms invest $9.3b in Vietnam’s economy in H1

-- 2018-08-27 13:58:49

Life insurance firms in Vietnam poured over 9.3 billion US dollars into the country’s economy in the first half (H1) of the current year, the Association of Vietnam Insurers (AVI) said on Monday...

China's July industrial profits up 16.2pc

China's July industrial profits up 16.2pc

-- 2018-08-27 13:34:47

Profits earned by China’s industrial firms rose 16.2 per cent, more than 20 million yuan, in July from a year earlier, retreating from 20.0 per cent gain in June, official statistics showed Mond...

ME job markets: BD to bank on Madrasa teachers' Arabic skills

ME job markets: BD to bank on Madrasa teachers' Arabic skills

Mehdi Musharraf Bhuiyan 2018-08-27 11:06:05

The government is now aiming to train thousands of Madrasah teachers in information and communication technology (ICT) and modern Arabic to increase their employability overseas, especially to tap fur...

Musk's U-turn on Tesla deal could intensify his legal woes

Musk's U-turn on Tesla deal could intensify his legal woes

-- 2018-08-27 10:26:01

Tesla Inc (TSLA.O) Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even mak...

Rohingya crisis puts economic pressure on BD: ICCB

Rohingya crisis puts economic pressure on BD: ICCB

FE Desk 2018-08-27 10:11:13

The International Chamber of Commerce-Bangladesh (ICCB) opined that the influx of Rohingya refugees created pressure on economy and overall security of Bangladesh. "The Rohingya crisis has created a...

FDI inflow curve heads downward again

FDI inflow curve heads downward again

Asjadul Kibria 2018-08-27 09:30:16

The foreign direct investment (FDI) in Bangladesh dropped again in the past fiscal year (FY) after three years of gaining, according to the latest statistics of the central bank. Provisional data of...

China's automobile imports surge after tariff cut

China's automobile imports surge after tariff cut

-- 2018-08-26 16:14:39

China's automobile and chassis imports witnessed strong growth in July thanks to government moves to lower tariffs for autos and auto parts. The value of vehicle and chassis imports rose 66.1 per c...

Flow of money in cyber-crime economy

Flow of money in cyber-crime economy

-- 2018-08-26 15:38:11

Turning virtual cash into real money without being caught is a big problem for successful cyber-criminals. They often have to get creative when "cashing out" or laundering the money they have stolen,...

Country received record ODA from Japan last year

Country received record ODA from Japan last year

FHM Humayan Kabir 2018-08-26 09:53:16

Japan provided a record amount of foreign aid to Bangladesh last year as the country was Asia's second largest Official Development Assistance (ODA) recipient, officials said on Saturday. Official so...

China's consumer confidence remains high in Q2

China's consumer confidence remains high in Q2

-- 2018-08-25 14:55:40

China's consumer confidence remained high in the second quarter (Q2) of the year, according to a research report by global measurement and data analytics company Nielsen. The country's Consumer Confi...

Smart app now detects pests on crops

Smart app now detects pests on crops

-- 2018-08-25 14:23:26

It is difficult for even veteran farmers to recognise every pest variety, making choosing the right pesticide to kill them difficult. But Chinese scientists have made the work as easy as using a smart...

BD second largest LDC on importing commercial services

BD second largest LDC on importing commercial services

FE Online Report 2018-08-25 11:52:46

Bangladesh is the second largest importer of the commercial services among the Least Developed Countries (LDCs). Word Trade Statistical Review-2018, released by the World Trade Organization (WTO) las...