The National Board of Revenue (NBR) has decided to strengthen its scrutiny to prevent VAT (Value Added Tax) evasion, aiming to achieve the revenue collection target it was given in the national budget for the current fiscal (2015-16), reports UNB. NBR chairman M Nojibur Rahman recently gave directives…

AFP, TOKYO: The dollar was under pressure against the yen and euro yesterday as confidence in the global economy headed south and hopes for a September US interest rate hike faded. The greenback slipped to 123.02 yen, down from 123.38 yen in New York and well down from rates above the 124 yen level…

Broad index at the country’s premier bourse--Dhaka Stock Exchange (DSE) -- ended the week with slight gain as the investors are still maintaining cautious behaviour, reports UNB. The daily average turnover at the DSE was Tk 563.93 crore, a fall by 9.04 per cent while last week’s average…

AFP,  NEW DELHI: India yesterday said it will sell a 10 per cent stake in top performing state-run refiner Indian Oil Corporation, the latest effort to raise money to plug the fiscal deficit. The government, which owns 68 per cent of the company, will sell 240 million shares on Monday through a…

The country received $590.03 million in remittance in the first 14 days of the current month of August, reports UNB. Bangladesh Bank statistics show the four state-owned commercial banks -- Agrani, Janata, Rupali and Sonali -- received $189.48 million from the expatriate Bangladeshis while four state-owned…

AFP,  BEIJING: A key indicator of China's manufacturing activity slumped to a 77-month low in August, an independent survey showed yesterday, fuelling concerns of further deceleration in the world's second-largest economy. The preliminary reading of Caixin's Purchasing Managers'…

AFP, KIEV, Ukraine: Ukraine on Thursday was expecting the imminent announcement of a crucial debt restructuring agreement that could save the pro-Western but strife-torn country from a devastating default. Five months of excruciating negotiations between Kiev's cash-strapped leadership and some…

AFP, BRUSSELS: Eurozone business activity rose in August, a closely watched survey said yesterday, on the back of solid growth in Germany and despite sluggishness in France. The Markit Economics Composite Purchasing Managers Output Index (PMI) came in at 54.1 points in August, up from 53.9 in July,…

AFP, HONG KONG: Asian shares slumped yesterday, plunging deeper into the red after weak manufacturing data from China fuelled panic among investors over the clouding outlook for the world economy. The dollar notched more losses against the euro and yen after minutes from the US Federal Reserve dampened…

AFP, SINGAPORE: Oil headed for its eighth straight weekly decline in Asia yesterday, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market. US benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost…

AFP, SEOUL: South Korea's dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official said yesterday. The listing of Samsung Bioepis on the Nasdaq Stock Market is aimed at securing funds for investment…

AFP, TOKYO: The former head of MtGox faced fresh criminal charges yesterday over allegations he stole $2.6 million from clients, as police questioned him about hundreds of millions of dollars worth of missing Bitcoins. Japanese authorities issued a fresh arrest warrant for Frenchman Mark Karpeles, over…