The last day of 2014-15 financial year (FY15) was a busy day for the country’s banking sector as both the bankers and their major clients were settling their accounts balance for the outgoing fiscal, reports BSS. There will be no public transactions at the scheduled banks today, the first day…

US consumer confidence grew stronger in June, building on a small rise in May as consumers saw improving economic conditions and jobs market, the Conference Board said yesterday, reports AFP from Washington. The Consumer Confidence Index rose to 101.4 from 94.6 in May, matching its recent peak reading…

Bangladesh Bank (BB) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterda distributed 200 fake-note detection machines amongst the big shopping centres of the capital. The machines were handed over to the representatives of the markets at a programme organised by the FBCCI…

Oil prices rebounded yesterday after starting the week with sizeable losses caused by Greece’s debt saga, reports AFP from London. US benchmark West Texas Intermediate (WTI) for delivery in August rose 29 cents to $58.62 a barrel compared with Monday’s close. Brent North Sea crude for August…

Dhaka Stock Exchange (DSE) marked substantial rise in the outgoing 2014-15 financial year (FY15), with securing 52.50 per cent rise in daily trade value and over 100 per cent surge in the trade volume on year-on-year basis, reports BSS. The benchmark DSEX, however, gained 102.58 points or 2.28 per cent…

AFP, WASHINGTON: Standard & Poor’s downgraded Greece’s credit rating deeper into junk territory on Monday, saying the government’s call for a referendum on creditor proposals brought it closer to default. “We interpret Greece’s decision to hold a referendum on official…

Bangladesh Bank Governor Atiur Rahman attended the Alliance for Financial Alliance (AFI) Standing Committee Meeting at Bank for International Settlements (BIS) in Basel of Switzerland on Monday, reports BSS. The meeting had important decisions related to upcoming Global Policy Forum (GPF) on Financial…

Bharti Airtel, a leading telecommunications service provider with operations in 20 countries across South Asia and Africa, yesterday said that it has become the third largest mobile operator in the world in terms of subscribers. As per the latest data published by WCIS, Airtel with over 303 million…

AFP, TOKYO: Shares in Sony plunged 8.25 per cent yesterday on dilution fears after the Japanese electronics giant announced plans to raise $3.6 billion through stock and bond sales. The stock closed at 3,461.5 yen on the Tokyo Stock Exchange, down 8.25 per cent from the previous day, while the benchmark…

Green Banking Unit and Training Institute of National Bank Limited has organised a day long workshop on green banking, green financing and environmental risk management in the capital recently for its executives and officers of the bank, says a press release. Syed Mohammad Bariqullah, deputy managing…

AFP, TOKYO: The euro eased in Asian trade yesterday, hours before a debt repayment deadline that Greece is expected to miss, putting it in default and fanning fears it will crash out of the eurozone. The since currency bought $1.1190 in Tokyo afternoon trade against $1.1247 in New York late Monday.…

AFP, DOHA: Despite claims of its imminent demise, Qatar’s controversial “kafala” sponsorship system—which critics say is a direct cause of misery and abuse for many foreign workers—clings stubbornly to life. On Monday, in a sign of how entrenched the issue has become, Qatar’s…

AFP, ABUJA: Nigerian state governors are to look into why potentially billions of dollars in oil revenue were allegedly not paid into government coffers, as part of a wider probe into the state-run oil firm. A four-man panel will seek answers from the Nigerian National Petroleum Corporation (NNPC) about…

The Obama administration plans to raise the wages of millions of Americans who work more than 40 hours a week by requiring employers to pay them overtime, report Bloomberg. Workers who earn as much as $970 a week would have to be paid overtime even if they’re classified as a manager or professional,…

AFP, PRAGUE: Union of European Football Associations (UEFA) has presented new financial fair play rules easing restrictions on clubs in a bid to tempt investors after a tough three-year campaign to cut sky-high debt in the European game. With Gulf state-owned Manchester City and Paris Saint Germain…