DHAKA: Italy’s jobless rate rose in November to a new record high of 12.7 percent, data showed on Wednesday, and youth unemployment also hit its highest level on record above 41 percent.The data show that some timid signs of economic recovery are having no impact on the labour market

DHAKA: China will open up some telecom and internet services to foreign ownership.Five areas, including call centres and home internet access, will be open to full foreign ownership, the state-owned Xinhua news agency has said, reports the BBC.Firms providing online data and analysis

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 60 points to stand at 4,391 at the close on the third trading day of the week.Trade deals stood at 121,997 with transaction at Tk 5,397

DHAKA: The readymade garment (RMG) sector in Bangladesh has suffered a loss of US $ 20 million in the month of December 2013, due to shipment delay, cancellation of orders, extra-burden of air freight, price discounts, and losses due to vandalism, according to a survey, reports on Dhaka

DHAKA: The US international trade deficit shrank sharply in November, led by a drop in imports.US government data released on Tuesday showed, reports The Straits Times.The trade shortfall fell to US$34.3 billion in November, a decline of 12.9 percent from October, the Commerce Department

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 34 points to stand at 4,330 at the close on the second trading day of the week.Trade deals stood at 111,851 with transaction at Tk 4,561

DHAKA: Samsung Electronics, the world`s biggest maker of mobile phones and TVs, has forecast a fall in profit for the October-to-December quarter.It expects to make an operating profit of 8.3 trillion won ($7.8bn; £4.8bn) for the quarter, down 18% from the previous three months.Compared

DHAKA: Trading on the country’s two bourses is underway with downward trend of share-price indices on Monday.The key index of Dhaka Stock Exchange Broad Index, DSEX, shed over 20 points to stand at 4,293 at 12:40pm.Trade deals stood at 39,426 with volume of transactions at Tk 1414

DHAKA: Shamim Ahmed Chawdhury has been appointed as new president and managing director (acting) of AB (Arab Bangladesh) Bank.He took charge as president and managing director (acting) of the bank on January 1.Prior to his present position Shamim Ahmed was working as additional managing

CHITTAGONG: Readymade garment workers vandalized two factories named Section-Seven at Chittagong Export Processing Zone (CEPZ) on Saturday morning demanding the implement of new wage structure. Witnesses said that several hundreds workers came out from factory at around 9:00am and

DHAKA: The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting labour market conditions continue to steadily improve.Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 339,000, the Labor Department

DHAKA: World energy power Russia said on Thursday that its 2013 oil output hit a post-Soviet high while natural gas production of its giant Gazprom holding slipped for the second successive year.The mixed figures, highlighted by yet another dip in oil exports outside ex-Soviet

DHAKA: Chinese manufacturing grew at its slowest pace in three months in December, HSBC confirmed on Thursday, as demand for the country’s goods eased, adding to concerns about recovery in the world’s number two economy.The bank’s final purchasing managers’ index (PMI), which

DHAKA: Emirates airline expansion reached new heights on February 10 with the start daily non-stop flight to Taiwan’s capital city.This will be first non-stop connection between Taipei’s Taoyuan International Airport and Middle East.  The airlines made the announcement at a press

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stock Exchange, DSEX, rose over 27 points to stand at 4,314 at the close on the last trading day of the week.Trade deals stood at 103,202 with transaction at Tk 3,704

DHAKA: Supun Weerasinghe took charge as chief executive officer (CEO) of Robi Axiata Limited, leading mobile operator of Bangladesh, on Wednesday.Supun has replaced Michael Kuehner who decided to retire from full time corporate life. Michael will continue to be a member of the Board of

DHAKA: The Italian motors giant Fiat has agreed to buy the remaining 41% of Chrysler it does not own in a move that will create the world`s seventh-largest car company.Fiat has owned a majority stake in the US company since 2009.The agreement ends long negotiations with the current

DHAKA: Foreign exchange reserves of Bangladesh Bank (BB) rose to a record $18.07 billion at the end of December from $17.11 billion in November. Sources from the central bank of the country said that the reserves are enough to cover six months of imports’ expenditure.Rising exports, a

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday.The key index of Dhaka Stock Exchange, DSEX, rose over 19 points to stand at 4,286 at the close on the third trading day of the week as trading remained closed on Tuesday due to bank

DHAKA: Armed Police Battalion (APBn) personnel held two people with huge banned cigarettes and four gold bars weighing 435 gram from Hazarat Shahjalal International Airport on Wednesday morning.The detainees are- Jahir Uddin, 45 and Ali Sheikh, 40.Sources said that the detainees arrived