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Search results for: Trade

Oil edges up as IEA sees higher demand, shrinking inventories

Oil edges up as IEA sees higher demand, shrinking inventories

-- 2017-09-14 12:40:31

LONDON, Sept 13 (Reuters): Oil prices rose on Wednesday after the International Energy Agency (IEA) said the global oil surplus was starting to shrink due to robust global demand and an output drop fr...

Indonesia tightens rules to  curb money laundering

Indonesia tightens rules to curb money laundering

-- 2017-09-14 12:38:05

JAKARTA, Sept 13 (Reuters): Indonesia has issued new regulations aimed at curbing money laundering and terror-related financing across a broader range of financial service providers, including money c...

Electric car focus risks handing jobs to Chinese workers, EU suppliers warn

Electric car focus risks handing jobs to Chinese workers, EU suppliers warn

-- 2017-09-14 12:37:05

FRANKFURT, Sept 13 (Reuters): A fixation on electric cars risks damaging Europe's auto supplies industry and handing jobs to China, the region's car parts manufacturers warned at the Frankfurt motor s...

VW to recall 4.86m vehicles over Takata air bags

VW to recall 4.86m vehicles over Takata air bags

Reuters 2017-09-14 12:27:57

Volkswagen AG and its Chinese joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 4.86 million vehicles due to issues with air bags supplied by bankrupt auto parts maker Takata Corp, China&r...

Dhaka presses for removing tariff, non-tariff barriers

Dhaka presses for removing tariff, non-tariff barriers

 FE Report 2017-09-14 12:00:00

Removing trade disputes and irregularities for improving the trading environment between the two neighbouring countries figured high as a joint working group on Bangladesh-India trade began talks in D...

LNG price to be affordable, stable

LNG price to be affordable, stable

FE Report 2017-09-14 12:00:00

Liquefied natural gas (LNG) prices will be 'affordable' and 'stable' in the medium term, prime minister's energy adviser assured the businesspeople to allay their worry about pricing of the upcoming...

Vehicles carrying extra cargo pay meagre fine

Vehicles carrying extra cargo pay meagre fine

Munima Sultana 2017-09-14 12:00:00

Cargo vehicle operators have been carrying goods beyond the allowed level by taking advantage of paying only Tk 2,000 as fine, fixed by the authorities concerned for the time being.   The oper...

Ryanair loses EU case

Ryanair loses EU case

Reuters 2017-09-14 12:00:00

Ryanair cabin crew can choose to be subject to the employment law of the country they are based in, not that of the airline, the European Union top court ruled on Thursday, dealing the low-cost airlin...

Power generation capacity now 16,000 MW

Power generation capacity now 16,000 MW

Xinhua 2017-09-14 12:00:00

Bangladesh's total installed electricity generation capacity has reached nearly 16,000 megawatts (MW), an official has said.   The Bangladesh Power Development Board (BPDB) official told Xinh...

Apple unveils iPhone X in major product launch

Apple unveils iPhone X in major product launch

-- 2017-09-14 12:00:00

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Apple Chief Executive Tim Cook called “the bigg...

Bangladesh eyes electricity from China thru’ Myanmar

Bangladesh eyes electricity from China thru’ Myanmar

-- 2017-09-14 11:36:32

Bangladesh is planning to import gas and power from China through Myanmar.   This willingness was expressed by Bangladeshi State Minister for Power, Energy and Mineral Resources Nasrul Hamid...

Bangladesh discusses export potentials with Georgia

Bangladesh discusses export potentials with Georgia

-- 2017-09-13 12:00:00

Bangladesh and Georgia have proposed a number of agreements to further strengthen the bilateral relations and mutual engagements between the two countries.   The first ever Foreign Office Consu...

Banks’ net income drops 33pc in one year to June

Banks’ net income drops 33pc in one year to June

FE Report 2017-09-13 12:00:00

Net income of all banks after provisioning and tax dropped by nearly 33 per cent or Tk 8.96 billion as of June 30 of the current calendar year.   According to unaudited and provisional figures,...

Global brands under pressure to join second-phase Accord

Global brands under pressure to join second-phase Accord

Monira Munni 2017-09-13 12:00:00

Two international rights groups are putting pressure on global garment brands to join the second phase of Accord by October 05 next amid strong opposition from local apparel-makers.   IndustriA...

OPEC sees higher oil demand, signs of tighter market

OPEC sees higher oil demand, signs of tighter market

Reuters 2017-09-13 11:15:09

OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a su...

Workers still pay three times more than official rates for jobs abroad   

Workers still pay three times more than official rates for jobs abroad  

Arafat Ara 2017-09-13 10:37:20

  The country's outbound workers are forced to pay three times more than the officially-fixed migration rates for securing jobs abroad due to an active nexus between middlemen and a section of...

Avert large loans, lend to productive SMEs

Avert large loans, lend to productive SMEs

Siddique Islam 2017-09-13 10:05:00

Four state-owned commercial banks (SoCBs) received Tuesday directives for largely lending to small and medium enterprises (SMEs), particularly manufacturing ones, rather than disbursing large loans....

All-clear on UD for foreign investment in RMG

All-clear on UD for foreign investment in RMG

Syful Islam 2017-09-13 09:57:21

The last barrier to foreign direct investment (FDI) in apparel sector beyond the export processing zones (EPZs) is now removed as the Export Promotion Bureau (EPB) has expressed its readiness to issue...

BD to import 50,000 tonnes sugar

BD to import 50,000 tonnes sugar

-- 2017-09-13 08:09:18

The government has endorsed import of 50,000 tonnes of sugar through international tender at a cost of Tk 2.11 billion. The Cabinet committee on government purchase cleared the proposal to buy the su...

Global gold price little changed

Global gold price little changed

-- 2017-09-13 02:29:23

Gold price held steady on Wednesday amid firmer equities and a softer dollar, with safe-haven demand for the metal supported after US President Donald Trump urged tougher measures against North Korea....

Oil prices dip as traders assess US hurricane impact

Oil prices dip as traders assess US hurricane impact

Reuters 2017-09-12 12:07:10

Oil prices edged down on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to more crude oil pro...

Japan PM to launch $17-billion Indian bullet train project

Japan PM to launch $17-billion Indian bullet train project

-- 2017-09-12 12:00:00

Japan’s Prime Minister Shinzo Abe will lay the foundation stone for India’s first bullet train in Prime Minister Narendra Modi’s home state Gujarat this week, in a tightening of ties...

Country needs to ‘widen tax net, not overstretch payers’

Country needs to ‘widen tax net, not overstretch payers’

FE Report 2017-09-12 12:00:00

Bangladesh needs to expand its tax network instead of overburdening the existing tax base, if the country wants to increase its revenue generation capacity, speakers opined at a seminar in the capital...

China auto sales rise in Aug

China auto sales rise in Aug

-- 2017-09-12 12:00:00

China's auto sales continued to increase in August, evidence of the steady growth of the world's largest car market, data from the China Association of Automobile Manufacturers (CAAM) showed Monday....

Samsung Note 8 smashes pre-order records

Samsung Note 8 smashes pre-order records

Reuters 2017-09-12 12:00:00

Samsung Electronics Co Ltd on Tuesday said pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 over five days by about 2.5...

Italy co to supply AEASA radars for Bangladesh Navy’s aircraft

Italy co to supply AEASA radars for Bangladesh Navy’s aircraft

-- 2017-09-12 06:39:45

Leonardo, an Italy-based company, will supply AESA radar to be used in two maritime patrol aircraft (MPA) of the Bangladesh Navy (BN) The aircrafts will be equipped with Leonardo’s Seaspray 5...

Latest China price data adds to a slew of upside surprises in world's second largest economy

Latest China price data adds to a slew of upside surprises in world's second largest economy

-- 2017-09-11 12:52:04

BEIJING, Sept. 10 (Xinhua): China's inflation accelerated faster than expected in August, but remained mild overall, leaving policy makers room for containing financial leverage and risks. Fresh data...

Export earnings rise 13.84pc in July-Aug

Export earnings rise 13.84pc in July-Aug

FE Report 2017-09-11 12:00:00

Country's earnings from exports grew 13.84 per cent to $6.62 billion during the first couple of months of the current fiscal year (FY), 2017-18.   A notable rise in apparel export had a role in...

Maersk sees trade growth  among BRICS nations

Maersk sees trade growth among BRICS nations

-- 2017-09-11 12:00:00

Containerised trade among BRICS nations saw robust growth in the first half of this year, according to the world's largest container shipping company Maersk Line, reports Xinhua.   Demand has i...

BD firm likely to acquire Malaysian co

BD firm likely to acquire Malaysian co

Syful Islam 2017-09-11 12:00:00

Industrial conglomerate Akij Group is likely to get permission to invest US$20 million in Malaysia from its exporter's retention quota, officials said.   The central bank recently forwarded a p...