Sunday, 20 Apr, 2025

Business

Business pessimism ‘doubles after Brexit vote’

DHAKA: UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests. The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote. The figure jumped from 25 percent the week

US shares continue post-Brexit rally

DHAKA: Wall Street closed higher for the fourth day running, as the major indexes continued to recover from last week’s UK vote to leave the EU. The Dow Jones rose 0.1%, to 17,949.37, reports the BBC. The broader based S&P 500 added 0.2% rising to 2,102.95, while the Nasdaq gained

EU says no trade talks until full Brexit

DHAKA: The European Union’s top trade official says the UK cannot begin negotiating terms for doing business with the bloc until after it has left. “First you exit then you negotiate,” Cecilia Malmstrom told BBC Newsnight. After Brexit, the UK would become a “third

BestSeller, GAP Inc. join Bangladesh PaCT

DHAKA: IFC, a member of the World Bank Group, is partnering with two global leading apparel companies BestSeller and GAP Inc. to catalyze the uptake of sustainable industrial practices in their supplier factories in Bangladesh. The project will be carried out by IFC’s Bangladesh

Bourses ends week with gain

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (May 29), the last trading day of the week. DSEX, the prime index of DSE, gained over 37.31 points or 0.83 percent to stand at

Singapore bank halts London property loans

DHAKA: Singapore’s third largest lender UOB says it has suspended its loan program for London properties. The decision comes in response to uncertainty caused by the UK’s decision to leave the EU, the bank said, reports the BBC. The vote on 23 June caused global market turmoil

Tata Steel fears UK sale may be derailed

DHAKA: Fresh concerns have emerged over the future of Tata Steel’s UK assets, which include the huge Port Talbot works. It is understood that the Indian owners of the plant fear that the current UK political uncertainty could derail efforts linked to the planned sale, reports the

Japan sees fourth straight day of gains

DHAKA: Japanese stocks have seen their fourth consecutive day of gains, in line with global markets shaking off concerns after the UK’s vote to leave the EU. In the wake of the UK referendum last Friday, global stocks had tumbled, reports the BBC. Yet, Japan’s benchmark Nikkei

Bourses see gain at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share prices indices on Thursday (May 29), the last trading day of the week. DSEX, the prime index of DSE, gained over 15.22 points or 0.34 percent to

How callous the Westin is!

‘How ridiculous and callous they are!’ an aggravated customer at Hotel Westin in Dhaka was telling. He was buying costly Palestinian Medjoul Dates from the hotel shop and found that the hotel men wrote `Deats’ instead of `Dates’ in the price tag. Immediately the person, a

UK shares continue to recover ground

DHAKA: UK shares and the pound have continued to regain some of the ground lost in the wake of the Brexit vote. The FTSE 100 share index was up 2.4% at 6,287.28, after rising 2.6% on Tuesday. The pound rose 1.2% against the dollar to about $1.35, although sterling still remains well

NBL holds 33rd AGM

DHAKA: The 21st Extraordinary General Meeting and 33rd Annual General Meeting of National Bank Limited were held at Radisson Blu hotel in city on June 29. Zainul Haque Sikder, Chairman of the Bank presided over the meeting. The Authorized Capital of the Bank increased from

Bourses continue to rise

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Wednesday (June 29), the fourth trading session of week. The key index of Dhaka Stock Exchange, DSEX, rose over 18.89 points and 0.42

Vodafone could move UK HQ after Brexit

DHAKA: Vodafone has warned it could move its headquarters from the UK depending on the outcome of Britain’s negotiations to leave the European Union. The telecoms giant said in an emailed statement it was important to retain access to the EU’s free ‘movement of people, capital

Asia shares continue global rebound 

DHAKA: Stock markets in Asia have started the day with more gains, continuing the positive lead set by the US and Europe. Wall Street and bourses across Europe have been recovering some of the ground since the UK voted last week to leave the European Union. In Japan, the benchmark

Markets see inflation Tuesday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Tuesday (June 28), the third trading session of week. The key index of Dhaka Stock Exchange, DSEX, rose over 38.53 points and 0.87

Tannery owners’ fine order stayed till July 17

DHAKA: Chamber Judge court of Appellate Division stayed the High Court order till July 17 regarding fine against tannery owners for not shifting factories. Earlier, the High Court ordered to fine 154 tanner owners everyday Tk 50,000 until they transfer their factories from city’s

VW US settlement to cost $15bn

DHAKA: German carmaker Volkswagen has reportedly reached a $15bn settlement with US car owners after admitting it cheated emission tests. The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks,

UK market pressure eases after Brexit rout

DHAKA: Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 index opening higher. Shortly after trading began, the index was up 2.2% at 6,113.01, while the FTSE 250 had gained 3.1%, reports the BBC. The index lost

Japan stocks continue to gain

DHAKA: Japanese shares on Tuesday continued to roll back losses from last Friday’s sharp post-Brexit tumble. After initial losses in morning trade, the Nikkei 225 index continued to build on Monday's gains and was up by 0.5% to 15,387.99 points, reports the BBC. With the yen