Tuesday, 28 Jan, 2025

Business

DSE, CSE down at opening

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –is underway with downward trend of share-price indices in early hours of trading on Sunday.     DSEX, the prime index of the DSE, shed over 1.28 points or 0.02 per cent to

Online marketing effective way to promote business

DHAKA: Speakers at a roundtable discussion on online media and global business stressed a need for the promotion of online media marketing and termed it an effective way to promote business in the global market.Metro Mail Canada, a global media and marketing company, organized the

IBBL to work for accelerating nat’l economy

DHAKA: The management of Islami Bank Bangladesh Limited (IBBL) was advised to play pioneering role in industry and employment generation by enhancing investment for accelerating the national economy.The directions came from the IBBL Board of Directors’ meeting held at Board Room of

‘UK EU exit would be global economy shock’

DHAKA: Finance ministers from the world’s leading economies are warning of a ‘shock’ to the global economy if the UK leaves the EU.The ministers give their assessment in a statement released at the end of a two-day meeting of G20 nations in China.UK Chancellor George Osborne, who is

Sharp fall 11% after takeover deal stalls

DHAKA: Shares in electronics giant Sharp lost 11% in Tokyo amid reports that the delay in its takeover by Taiwanese manufacturer Foxconn was due to previously undisclosed losses.The $4.3bn (£3.08bn) deal was announced by Sharp on Thursday.But Foxconn later said it would not sign the deal

South Africa’s economy ‘in crisis’

DHAKA: The South African economy is ‘in crisis’, says the country’s finance minister Pravin Gordhan.The comments came ahead of his Budget speech, in which he cut the country’s growth forecast for 2016 to 0.9%, down from 1.7%, reports the BBC.He conceded the economy is struggling

Stocks witness fall Wednesday

DHAKA: Investors witnessed minor fall in benchmark indices of the country’s bourses on Wednesday, the third trading day of the week, as Sunday was holiday for Amar Ekushey.DSEX, the key index of Dhaka Stock Exchange, shed over 18.81 points only to stand at 4579.52 at the close of

Fertilizer factories to be closed from March

DHAKA: All fertilizer factories in the country but Jamuna Fertilizer Company Limited will temporarily be closed to ensure uninterrupted power supply during upcoming irrigation season.Prime Minister's energy adviser Tawfiq-e-Elahi Chowdhury said that these steps are taken aiming to

Australia wage growth slowest in 20 years

DHAKA: Australian wages grew at their slowest pace on record in 2015, fuelling speculation the country’s central bank may introduce more easing measures.Hourly rates of pay excluding bonuses rose by 0.5% in the last three months of 2015 compared to 0.6% in the prior quarter, according

Stocks witnessing gain

DHAKA: Share price indices at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- gained in early hours of trading on Wednesday.DSEX, the key index of Dhaka Stock Exchange, rose over 13.45 points to stand at 4611.79 at 11:34 am.Trade deals

Plastic in Snickers bar, Mars recall in 55 countries

DHAKA: US Chocolate maker Mars has ordered a recall of chocolate products in 55 countries after customer finds piece of plastic in Snickers bar.In the UK, the products affected include funsize Mars and Milky Way bars and boxes of Celebrations.In the Netherlands Mars and Snickers bars were

Standard Chartered shares slump on shock loss

DHAKA: Shares in Standard Chartered plunged on Tuesday after the Asia-focused bank revealed a $1.5bn loss.Chief executive Bill Winters, who took over from Peter Sands last year, described the performance over 2015 as ‘poor’, reports the BBC.The bank will take a $4bn charge on writing

VAT fraud allegation against Agora

Dhaka: Allegation has been raised against well-known super shop Agora regarding VAT (value-added tax) evasion of Taka several crores.The VAT officers informed the media that the super shop Agora, owned by Rahim Afroze, sells products more than Tk 360 crores every year.Sources concerned

Trading ends upbeat Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- saw sharp rise in trading indices on Tuesday, the third trading session of the week.DSEX, the prime index of the DSE, went up by 20.72 points or 0.45 percent to 4,598.34, at the end

Asia shares mixed on Tuesday despite higher oil prices

DHAKA: Shares in Asia were mixed on Tuesday despite a near 7% rise in oil prices overnight and a rally on Wall Street.Japan’s Nikkei 225 rose 1.3% in early trade, but was later up just 0.25% to 16,154 points.In Australia, the ASX 200 was down 0.35% to 4,984 points as some of the

Qantas soars to record $921m half-year profit

DHAKA: Lower oil prices have helped Qantas post a record underlying pre-tax profit of $921m Australian dollars ($665m) for the six months to December.The result is the best first-half profit in the Australian airline’s 95-year history, reports the BBC.It was $554m higher than the same

DSE, CSE up at opening

DHAKA: The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in the early hour of trading on Tuesday, the third trading session of the week.DSEX, the prime index of the DSE, went up by 14.85 points or 0.32 percent to 4,592.47, after first hour of the trade

Now BRAC Bank card forged

DHAKA: After the incidents of ATM card forgery of Eastern, City and United Commercial banks, a customer of BRAC Bank is the latest victim of this card forgery.Miscreants used forged debit card of one Prit Reza, a customer of the bank, for shopping from a shopping center in city on

Stocks start week negative

DHAKA: Country's stock market marked fall in its price indices on Monday (February 22), the first trading day of this week as Sunday was holiday for ‘Amar Ekushey’.DSEX, the key index of Dhaka Stock Exchange, shed over 10.04 points only to stand at 4577.61 at the close of day’s

HSBC sees 1.2% fall in net profit

DHAKA: Europe’s biggest bank has posted a 1.2% decline in net profit to $13.52bn for the 12 months to December compared to a year earlier, citing a slowdown in China, among other issues.Pre-tax profit was up 1% compared to a year earlier to $18.87bn, the bank said, below market