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The Financial Express

Search results for: Trade

G20 agrees to push ahead with digital tax

G20 agrees to push ahead with digital tax

-- 2019-06-08 16:33:57

Group of 20 finance ministers agreed on Saturday to push ahead on compiling common rules that will close loopholes that global technology giants such as Facebook use to reduce their corporate taxes, a...

China signs deal for construction of two more VVER-1200 nuclear power units

China signs deal for construction of two more VVER-1200 nuclear power units

FE Online Desk 2019-06-08 13:57:01

 China has signed a General Contract for construction of two more Russian designed VVER-1200 reactor based nuclear power units at their Xudapu nuclear power plant site. The contract was signed in...

Boeing ‘delayed fix of faulty 737 MAX warning light for three years’

Boeing ‘delayed fix of faulty 737 MAX warning light for three years’

-- 2019-06-08 12:49:52

Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, US lawmakers said on Friday. The defective warning light alerts...

Seminar on Chinese bond policy on June 10 in Tokyo

Seminar on Chinese bond policy on June 10 in Tokyo

FE Online Desk 2019-06-08 12:46:45

A seminar titled 'Chinese Local Bond Spreads, Monetary Policy and Misallocation' will be held on June 10 in Tokyo, Japan. Dr Robert Dekle of the University of Southern California will examine...

BASIC Bank loan scam probe continues after nine years

BASIC Bank loan scam probe continues after nine years

-- 2019-06-08 11:56:40

The Anti-Corruption Commission (ACC) is yet to charge anyone in court in dozens of cases over Tk 35 billion loan scams at BASIC Bank nine years after initial and formal investigations. The money went...

Two top Uber executives step aside

Two top Uber executives step aside

-- 2019-06-08 10:55:24

Uber's chief operating officer and chief marketing officer have stepped down following a leadership reshuffle at the ride-hailing app. In an internal memo, chief executive Dara Khosrowshahi explain...

Linde BD opens new merchant carbon-dioxide plant next month

Linde BD opens new merchant carbon-dioxide plant next month

Babul Barman 2019-06-08 10:46:32

Linde Bangladesh witnessed a steady growth in the revenue earnings and dividend disbursement, among others, in the last four consecutive years. Linde BD, a global market leader in gases and engineeri...

Farm loan defaulters: Tk 5.0b stuck against certificate cases

Farm loan defaulters: Tk 5.0b stuck against certificate cases

FE Report 2019-06-08 10:43:53

Default loans worth Tk 5.0 billion belonging to six state-owned banks, including two specialised ones, remains stuck against 159,534 cases filed to recover the money from farm loan borrowers, sources...

Aging fleet makes Railway’s west zone operations risky

Aging fleet makes Railway’s west zone operations risky

FHM Humayan Kabir 2019-06-08 10:27:45

Two-fifths of passenger carriages of the Bangladesh Railway (BR)'s west zone are worn out, making its fleets vulnerable and risky, officials said. West zone officials said the older passenger coach...

Rampal power plant: Global firms vying for coal transport contract

Rampal power plant: Global firms vying for coal transport contract

M Azizur Rahman 2019-06-08 09:35:45

Bangladesh India Friendship Power Company (BIFPCL) has been receiving bids from global firms for coal transport and transshipment for the 1,320 megawatt (MW) Maitree Super Thermal Power project at Ram...

Eight credit ratings companies are in operation now

Eight credit ratings companies are in operation now

FE Online Report 2019-06-07 20:56:28

Currently, there are eight credit ratings companies providing credit rating services in Bangladesh. Statistics available with Bangladesh Bank, unveiled on Financial Stability Report 2018 last month,...

273 minibuses registered in Jan-Apr

273 minibuses registered in Jan-Apr

FE Online Report 2019-06-07 17:57:25

Minibuses registration in the country in the first four months of this calendar year stood at 273, according to official data. Of them, a total of 57 minibuses were registered in Dhaka, according to...

Oil prices rise for second day

Oil prices rise for second day

-- 2019-06-07 15:26:48

Oil prices rose more than 1 per cent on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs...

Islamic banks share 19.10 pc of total banking assets

Islamic banks share 19.10 pc of total banking assets

FE Online Report 2019-06-07 14:53:19

Country’s Islamic banks shared about 19.10 per cent of the total banking assets in the past year, according to an estimation of the central bank. The Bangladesh Bank estimation showed that tota...

Foxconn plans management overhaul

Foxconn plans management overhaul

-- 2019-06-07 14:05:21

Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told...

Qatar Airways to ask Boeing for compensation over 737 MAX grounding

Qatar Airways to ask Boeing for compensation over 737 MAX grounding

-- 2019-06-07 14:00:51

Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive A...

Sundarbans has Tk 188 billion carbon reserve: Survey

Sundarbans has Tk 188 billion carbon reserve: Survey

-- 2019-06-07 12:44:25

There is a reserve of 5.6 crore tonnes of carbon in the Bangladesh part of the Sundarbans, says a survey of the Forest Department. This carbon worth over Tk 188 billion (Tk 18,816 crore) could be ext...

Google to acquire analytics software firm Looker

Google to acquire analytics software firm Looker

-- 2019-06-07 10:58:55

Alphabet’s Google says it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kuri...

Huawei CFO Meng’s extradition hearing set for Jan 2020

Huawei CFO Meng’s extradition hearing set for Jan 2020

-- 2019-06-07 10:44:20

Huawei Chief Financial Officer Meng Wanzhou will challenge her extradition to the United States on fraud charges at hearings set to begin Jan 20, 2020, court records showed, after her legal team appea...

Service trade crosses $12 billlion mark in July-March

Service trade crosses $12 billlion mark in July-March

FE Online Report 2019-06-07 10:38:09

Total value of the country’s trade in services crossed $12 billion mark in the first nine months of the current fiscal year (FY19), according to the latest statistics of the central bank. The b...

Nepal, India to amend trade, transit treaties

Nepal, India to amend trade, transit treaties

-- 2019-06-06 18:27:24

Kathmandu, June 6: Nepal and India are set to amend Trade Treaty, Transit Treaty and Railway Service Agreement (RSA) between the two countries on a reciprocal basis, according to a report by The Himal...

Myanmar to grant visa-on-arrival for six more countries

Myanmar to grant visa-on-arrival for six more countries

-- 2019-06-06 17:35:46

YANGON, June 06: In a bid to address the declining number of Western travelers to Myanmar, the Ministry of Hotels and Tourism has announced its plans to issue visas-on-arrival to travelers from six mo...

Pentagon eyes Africa earth supplies in push away from China

Pentagon eyes Africa earth supplies in push away from China

Reuters 2019-06-06 16:41:31

The US Department of Defence has held talks with Malawi’s Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find div...

FDI in power sector jumps six times in 2018

FDI in power sector jumps six times in 2018

FE Online Report 2019-06-06 13:19:50

Net inflow of foreign direct investment (FDI) in the country’s power sector in the past calendar year reached over six times that of the previous year. Statistics available with Bangladesh Bank...

Trump says 'not enough' progress in talks with Mexico

Trump says 'not enough' progress in talks with Mexico

-- 2019-06-06 12:42:27

Mexican and US officials are set to resume talks in Washington on Thursday aimed at averting an imposition of tariffs on Mexican goods, with President Donald Trump saying “not enough” prog...

Indian rupee outlook worsens on growth risks: Poll

Indian rupee outlook worsens on growth risks: Poll

-- 2019-06-06 10:45:03

The rupee will fall further against the US dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to eng...

Alibaba to invest $100m in Russian e-commerce JV

Alibaba to invest $100m in Russian e-commerce JV

-- 2019-06-05 21:26:52

MOSCOW, June 05 (Reuters): China’s Alibaba and Russia’s RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday. RDIF...

US internet ad industry to hit $160b by 2023

US internet ad industry to hit $160b by 2023

-- 2019-06-05 19:48:30

The US internet advertising industry is projected to hit $160 billion by 2023 from $107 billion last year, led by fast-growing categories like mobile video with Alphabet Inc’s Google and Faceboo...

China's importers apply for tariff waivers on US goods

China's importers apply for tariff waivers on US goods

-- 2019-06-05 14:36:50

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 US goods in the Sino-US trade war, after the Ministry of Finance said it would start taking submissio...

Internet banking transaction fell in 2018

Internet banking transaction fell in 2018

FE Online Report 2019-06-05 13:26:28

Annual internet banking transactions in the country dropped significantly in the past year, according to the central bank statistics. It showed that the value of internet banking transaction stood at...