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The Financial Express

Search results for: trade

Seasonal veg prices move up as traders blame biting cold

Seasonal veg prices move up as traders blame biting cold

FE Report 2018-01-20 09:48:24

Vegetables became pricier last week compounding the sufferings of the consumers already hit hard by rising prices of essentials. Hilsa price hike also continued during the period while ginger prices...

Uttara Bank arranges zonal heads’ conference

Uttara Bank arranges zonal heads’ conference

FE Online Desk 2018-01-20 03:51:51

Uttara Bank Limited organised its 1st zonal heads’ conference at the head office of the bank on Saturday. Azharul Islam, Chairman of the bank, was present at the programme as chief guest, accor...

LankaBangla inks MoU with Akter Properties

LankaBangla inks MoU with Akter Properties

FE Online Desk 2018-01-20 01:12:14

LankaBangla Finance Limited (LBFL) recently signed a Memorandum of Understanding (MoU) with Akter Properties Limited to provide home loan facility for their customers. Under this agreement, customers...

Department of Patent goes online

Department of Patent goes online

FE Report 2018-01-19 11:28:27

The country should prepare for its post-middle income period when costs of using foreign copyrights will surge significantly, experts said Thursday. They also suggested raising awareness about patent...

BERC sets June deadline for shutting four power plants

BERC sets June deadline for shutting four power plants

M Azizur Rahman 2018-01-19 09:54:56

The government must have to shut at least four of its most expensive diesel-fired power plants by the middle of this year as the country's energy regulator has set a June, 2018 deadline to terminate t...

China looks to call bluff  on Trump trade action

China looks to call bluff on Trump trade action

-- 2018-01-19 08:56:17

As influential voices within the US business community warn China that US President Donald Trump is serious about tough action over Beijing's trade practices, there is little sense of a crisis in the...

Dollar near three-year low, heading  for worst run since 2015

Dollar near three-year low, heading for worst run since 2015

-- 2018-01-19 08:55:18

The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015, reports Reuters. The US c...

Japan's Dec core inflation likely steady,  BOJ policy seen unchanged

Japan's Dec core inflation likely steady, BOJ policy seen unchanged

-- 2018-01-19 08:54:22

Japan's consumer prices are expected to have posted a 12th straight month of gains in December, a Reuters poll found, although the persistently modest inflation will pressure the central bank to maint...

Oil prices fall over 1.0pc

Oil prices fall over 1.0pc

-- 2018-01-19 08:52:17

Oil prices dropped more than 1.0 per cent on Friday as a bounce-back in US production outweighed ongoing declines in crude inventories, reports Reuters. If Friday's falls last, this week will see the...

US oil output likely to top Saudis, Russia

US oil output likely to top Saudis, Russia

-- 2018-01-19 07:06:20

US oil production is booming and is forecast to outpace that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday. The International Energy Agency said in its mo...

HSBC to pay $100m to settle US probe

HSBC to pay $100m to settle US probe

-- 2018-01-19 03:07:38

HSBC Holdings Plc agreed to pay $101.5 million to settle a US criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment...

Importers in hot soup with fish test directive

Importers in hot soup with fish test directive

-- 2018-01-18 12:00:00

The government in a recent move has made it mandatory to test all shipments of imported fish before sales take place in the local market.  Fish importers find it hard to follow given the fact th...

Apple to pay $38b in foreign cash taxes

Apple to pay $38b in foreign cash taxes

-- 2018-01-18 10:47:55

Apple will pay about $38 billion in tax on the roughly $250 billion cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest payment und...

BD woven garments losing competitiveness globally

BD woven garments losing competitiveness globally

Monira Munni 2018-01-18 09:42:18

Bangladesh's woven garments are losing competitiveness on the global market mainly for longer lead time, poor backward linkage, and insufficient gas and port facilities, businesspeople said. Woven-we...

Benapole customs launch smart system to facilitate trade

Benapole customs launch smart system to facilitate trade

-- 2018-01-18 07:59:34

The district's Custom House has introduced a smart system in the management to facilitate import-export and goods delivery, thus give a boost to revenue earnings.  Dubbed as 'folder system', the...

Gujrat trade body eyes textile tie-up with Bangladesh

Gujrat trade body eyes textile tie-up with Bangladesh

FE Online Desk 2018-01-18 06:17:08

Gujarat Chamber of Commerce and Industry (GCCI) is exploring a business collaboration in the textile sector with Bangladesh. A meeting was held between senior GCCI officials and Bangladesh deputy hig...

BRAC Bank holds sale convention

BRAC Bank holds sale convention

FE Online Desk 2018-01-18 03:31:49

BRAC Bank Limited has organised a sale convention to celebrate its outstanding achievement in retail assets and liability sales in 2017. In recognition of extraordinary performance, the privately-own...

SBS Logistics achieves business agility with Infor

SBS Logistics achieves business agility with Infor

FE Online Desk 2018-01-18 02:58:50

Infor, a leading provider of industry-specific cloud applications, Thursday announced that SBS Logistics Singapore Pte Ltd achieved significant improvement in operational efficiencies, cost savings an...

Qatar Airways announces discounts on all class fares

Qatar Airways announces discounts on all class fares

FE Report 2018-01-18 02:30:03

Qatar Airways announced that it has extended its global sales campaign for an additional three days until tomorrow (Friday) offering passengers amazing deals on fares across all classes to more than 1...

Oil up on threats of rebel attacks in Nigeria

Oil up on threats of rebel attacks in Nigeria

Reuters 2018-01-18 01:36:23

Oil prices rose on Thursday on a reported decline in US crude inventories, and as rebels in Nigeria threatened to attack the country’s petroleum infrastructure. However, prices stayed below rec...

Oil prices near three-year highs,  supported by healthy demand

Oil prices near three-year highs, supported by healthy demand

-- 2018-01-17 12:57:49

Brent crude oil prices held near $70 a barrel on Tuesday, a level not seen since 2014's dramatic market slump. Prices have been driven up by production curbs in OPEC nations and Russia, as well by st...

FIN-B to be launched Thursday

FIN-B to be launched Thursday

FE Online Desk 2018-01-17 12:28:21

The launching ceremony of Financial Inclusion Network-Bangladesh (FIN-B) will be held Thursday at 9.00 am at PKSF Auditorium, PKSF Bhaban, Agargaon, Dhaka. FIN-B will develop, share and dissem...

Govt to disqualify Chinese firm for bribery

Govt to disqualify Chinese firm for bribery

FE Report 2018-01-17 12:00:00

Finance Minister AMA Muhith said China Harbour Engineering Company (CHEC) will be barred from getting work in Bangladesh in future as it bribed some government officials here. "No, they cannot," he s...

Singapore Shell oil heist: The story so far

Singapore Shell oil heist: The story so far

Reuters 2018-01-17 12:00:00

Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell’s biggest refinery. Their investigations have so far entangled several i...

Standard Chartered inks deal with Friendship

Standard Chartered inks deal with Friendship

FE Online Desk 2018-01-17 12:00:00

Standard Chartered Bank and Friendship (a non-governmental organisation) have signed a Memorandum of Understanding (MoU) aiming to reduce avoidable blindness among the marginalised people in the coast...

Govt turns down TCB's request for seed money

Govt turns down TCB's request for seed money

Rezaul Karim 2018-01-17 10:27:56

The government has declined to provide Tk 2.0 billion sought by the Trading Corporation of Bangladesh (TCB) as the state-run entity is now enjoying different facilities for its operation, officials sa...

Move to stop beef import

Move to stop beef import

-- 2018-01-17 07:38:50

The government will not allow beef imports for the sake of the local industry and will amend the existing law, if needed. Livestock Minister Narayon Chandra Chanda came up with the statement at a med...

VW sales up 4.3pc

VW sales up 4.3pc

-- 2018-01-17 02:23:02

Germany’s Volkswagen, vying for the top spot among the world’s largest carmakers, reported a gain in 2017 sales of 4.3 per cent to 10.7 million vehicles. Rivals Toyota and Renault-Nissan...

Bank Asia, Infinity System ink deal

Bank Asia, Infinity System ink deal

FE Online Desk 2018-01-17 01:05:16

Bank Asia and Infinity System Pvt. Ltd recently signed an agreement on ‘Supply Chain Finance’, said a press release. Md Arfan Ali, President and Managing Director of Bank Asia and Jigar S...

Yarn export from B’desh: Turkey likely to impose higher anti-dumping duty

Yarn export from B’desh: Turkey likely to impose higher anti-dumping duty

Rezaul Karim 2018-01-16 12:00:00

Turkey is likely to impose higher rate of anti-dumping duty on export of yarn/thread from Bangladesh upon its failure to prove the alleged violation of the product's rules of origin, industry insiders...