The Financial Express

BGB nabs hundi trader at Benapole

-- 2017-10-05 12:00:00

Members of Border Guard Bangladesh (BGB) nabbed an alleged hundi trader along with US$22,500 from Benapole check-post on Wednesday. Lieutenant colonel Ariful Haq said, tipped off, a team of BGB-49 ar...

WB signs accord to set up Centre of Excellence for Urban Dev

FE Desk 2017-10-05 12:00:00

The World Bank (WB) has signed a memorandum of understanding (MoU) with four Bangladeshi professional institutions to set up a Centre of Excellence for Urban Development (CEUD) to support cities and i...

Oil prices stabilise on supply hopes

-- 2017-10-05 10:56:23

Oil prices stabilised on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record US exports dragged on the market. Brent crude futures LCOc1, the internati...

Walton starts making smartphones

-- 2017-10-05 09:20:22

Walton has launched the first smartphone plant in Bangladesh aiming to produce up to three million handsets every year, reports bdnews24. “It’s a historic day for the country,” Stat...

President for enhanced trade ties with Sweden, Canada

-- 2017-10-05 07:53:29

President M Abdul Hamid sought enhanced trade ties with Sweden and Canada by availing existing potentials as newly appointed envoys of the two countries presented their respective credentials to him a...

India dispatches diesel to Bangladesh

-- 2017-10-05 05:36:11

GUWAHATI: An export consignment carrying 2,283 metric tonnes of Gasoil (Diesel) was dispatched by Numaligarh Refinery Limited (NRL) to Bangladesh. NRL plans to export 3 more rakes during Octobe...

UK car sales fall for fifth month in a row

-- 2017-10-05 01:53:49

New car registrations in Britain continue to fall for the fifth consecutive month this year, according to preliminary numbers from an industry body. The registrations fell 9.2 per cent in September,...

Indian government considering exemptions sought by Apple: official

Reuters 2017-10-05 01:41:46

The Indian government is considering exemptions sought by Apple Inc for setting up a unit to assemble iPhones, Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion,...

UAE banks 'more aggressive' about selling Qatar loans as Gulf rift drags on

-- 2017-10-04 12:31:41

DUBAI, Oct 3 (Reuters): A number of banks in the United Arab Emirates (UAE) are in talks with international counterparts to sell down their Qatar exposure as the Gulf's diplomatic crisis drags on with...

Oil steadies after steep losses, speculators grow impatient

-- 2017-10-04 12:28:29

LONDON, Oct 3 (Reuters): Oil steadied on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply le...

BD set to pour first concrete into Rooppur N-plant this month

FE Report 2017-10-04 12:00:00

The government is set to pour first nuclear concrete into the Rooppur nuclear power plant (RNPP) project this month after ending the pre-construction phase, said officials. Russian President Vladimi...

Commercial launch of metro rail likely to miss schedule

Munima Sultana 2017-10-04 12:00:00

Some problems, including the ones in the bidding process, are likely cause substantial delays in launching of the much-publicised metro rail. Project sources said commercial launching of mass rapid t...

Dhaka urges Delhi to lift antidumping duty on jute

FE Report 2017-10-04 12:00:00

At a business talk with the Indian finance minister, Dhaka urged Delhi Tuesday to lift the antidumping duty imposed on export of Bangladeshi jute and jute-made products, saying that the measure was co...

'Oppo' cleared to open own stores in India

Reuters 2017-10-04 12:00:00

India has approved smartphones maker Oppo’s request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing w...

Walton offers cash vouchers on digital registration of product

FE Online Desk 2017-10-04 12:00:00

Walton is offering cash vouchers of different values to mark its new initiative of digital registration of the sold appliances across the country, said a press release. Senior operative directo...

Capital shortfall cripples commercial operation of Probashi Kallyan Bank

FE Report 2017-10-04 10:58:20

An initiative taken by the government to start the commercial operation of Probashi Kallyan Bank (PKB), a state-owned specialised bank, has seen no visible progress mainly due to lack of required paid...

Ford to quit making traditional cars

-- 2017-10-04 07:08:36

Ford's new boss has outlined plans which he says will make the US car giant "fit" to compete in a changing industry, reports BBC. Jim Hackett said Ford would shift resources from traditional cars to...

Amazon, Apple caught in EU tax crackdown

-- 2017-10-04 07:07:24

The European Union has launched a fresh crackdown over taxes paid by tech giants Amazon and Apple, reports BBC. Amazon has been ordered to repay €250m (£221m; $293m) in back taxes after th...

Indian two wheelers co to export to Bangladesh

-- 2017-10-04 05:41:11

Indian two wheelers producing company Piaggio Vehicles Private Ltd (PVPL) is planning to export its products Bangladesh shortly, a top company executive said. It has also planned export to Sri Lank...

Global oil prices ease on doubts

-- 2017-10-04 02:59:07

Oil prices eased on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year. US West Texas Intermediate (WT...

Dollar step back from a 1-1/2-month high

-- 2017-10-04 02:52:56

The dollar stepped back from a 1-1/2-month high on Wednesday on speculation that Trump’s choice for the next Fed chair could be a less hawkish candidate than some had expected. The dollar had r...

Gold prices rise on dollar retreat

-- 2017-10-04 02:37:55

Gold prices rose on Wednesday after marking a 7-week low in the previous session, buoyed as the dollar pulled back from a 1-1/2-month high against a basket of currencies. Spot gold had risen 0.3 per...

Dollar hits 1-1/2-month high

-- 2017-10-03 12:47:35

The dollar struck a one-and-a-half-month high on Tuesday as Treasury yields rose after a strong reading for US manufacturing activity hardened expectations for US interest rates to rise by the year-en...

Global gold prices edge down

-- 2017-10-03 12:40:02

Gold edged down to mark a near 7-week low early on Tuesday, as the dollar remained buoyed by upbeat economic data and strong US treasury yields. Spot gold was down 0.1 per cent at $1,269.50 an ounce...

Britain's Monarch Airlines goes bust, stranding thousands

-- 2017-10-03 12:35:50

LONDON, Oct 2 (Reuters): Britain's Monarch Airlines collapsed on Monday, stranding more than 100,000 travellers abroad after it fell victim to intense competition for flights to holiday destinations i...

Hunt for tax-evading foreign workers after October 15

Doulot Akter Mala 2017-10-03 12:00:00

Checking payroll status of foreign workers appointed in Bangladesh begins October 15, the deadline set by government's revenue authority, with a provision of spot penalty for tax-evasion. Officials s...

Saudi Arabia, Russia to set up $1.0 billion energy fund

-- 2017-10-03 12:00:00

KHOBAR, Saudi Arabia (Reuters): Saudi Arabia and Russia plan to set up a $1.0 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said in a interview broadcast by Al Ara...

BIDA to launch 'one stop service' next year

FE Report 2017-10-03 12:00:00

The Bangladesh Investment Development Authority (BIDA) will launch a pilot by the middle of next year aiming to provide better, easier and transparent services to investors from a single window. "Th...

Uber UK boss quits

Reuters 2017-10-03 12:00:00

Uber’s top boss in Britain will quit the taxi hailing app, according to an email seen by Reuters on Monday, as the company prepares to meet the London transport regulator in a bid to keep operat...

Bangladesh, UAE expand aviation ties