The Anti Corruption Commission (ACC) has resumed its probe into the non-funded part of the much-talked-about Sonali Bank loan scam, reports UNB. The Commission at a recent meeting appointed its senior deputy director Mir Zainul Abedin Shebly as a team leader to launch a probe into the non-funded part…

US Ambassador Marcia Bernicat yesterday announced that the USAID will launch a new $180 million five-year phase of its Food for Peace (FFP) programme this year to face food insecurity of the poorest and most vulnerable people in Bangladesh, reports BSS. She made the announcement at a function - USAID…

AFP, ZURICH: Swiss food giant Nestle yesterday announced slightly lower first half profits compared to last year, with the strong Swiss franc and Maggi instant noodles recall in India undercutting better-than-expected sales. The maker of Nespresso and KitKat reported profits of 4.1 billion Swiss francs…

Share trading was predominantly lackluster during the week ending yesterday as investors were cautious in repositioning and placing orders for secondary shares, reports BSS. The benchmark index DSEX eroded 55 points this week when Dhaka Stock Exchange (DSE) saw low level of activities and experienced…

AFP, KUALA LUMPUR: Malaysia's economy grew at its slowest pace in nearly two years in the second quarter, the government said yesterday, the latest negative sign for policy-makers faced with a plummeting currency and political turmoil. Second-quarter growth was 4.9 per cent, down from 6.5 per cent…

AFP, TOKYO: Asian currencies gained yesterday, recovering from the worst two-day rout in almost 20 years after China reassured markets it would not engage in a currency war. Emerging market currencies including the Indonesian rupiah, Philippine peso and South Korean won rose slightly against the dollar…

AFP, LONDON: Global gold demand weakened in the second quarter as purchases fell in key consuming nations China and India, the World Gold Council said yesterday. "Total demand was 915 tonnes, a fall of 12 per cent compared to the same period last year, due mainly to a decline in demand from consumers…

BUILD and UNDP Bangladesh have signed an agreement to coordinate their approaches towards sustainable green growth and environment-friendly business by facilitating public private dialogue (PPD), says a press release. UNDP Bangladesh Country Director Pauline Tamesis and BUILD Chairman Asif Ibrahim signed…

AFP, SINGAPORE: Southeast Asian telecom giant Singapore Telecom said yesterday its first-quarter profit rose 13 per cent from a year earlier, boosted by a one-time gain from its Indian business and strong earnings from regional associates. Net profit in the three months to June came in at Sg$942 million…

AFP, SHANGHAI: China weakened its currency for the third consecutive day yesterday, but financial markets that had been shaken by the surprise devaluation took heart as authorities pledged not to let the yuan plummet. The central bank trimmed the reference rate for the yuan—also known as the renminbi…

AFP, HONG KONG: Chinese computer giant Lenovo said yesterday it would cut more than 3,000 jobs as net profit for its first quarter fell by more than 50 per cent. The world’s biggest personal computer maker also saw revenues miss analysts’ forecasts in what chairman and CEO Yuanqing Yang…

AFP, ATHENS: Lawmakers in Greece began yesterday debating a third international bailout, ahead of a vote on the 85-billion-euro ($94.8-billion) rescue package, on which eurozone finance ministers are to give their verdict today. “The timetable is tight so we are forced into this emergency procedure,”…