An inclusive job centre for people with disabilities will be established in the city, aiming to connect them with the mainstream development works by creating jobs for them, particularly in the readymade garment sector, reports UNB. Bangladesh Garment Manufacturers and Exporters Association (BGMEA),…

AFP, TOKYO: Currency traders dumped the dollar yesterday on the back of a global equities rout, as fears about China and the global economy hammered sentiment and sent investors fleeing into safer investments. The greenback dropped to 121.19 yen from 122.06 in New York on Friday and sharply down from…

Key share price indices in the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - went down yesterday, 1the 2nd trading day of the week while turnover at DSE came down bellow Tk 400 crore, report agencies. The broader price index of Dhaka Stock Exchange…

AFP, LONDON: World oil prices sank to 6.5-year lows yesterday, with New York crude sliding under $39 on fears over Chinese energy demand and global oversupply. US benchmark West Texas Intermediate (WTI) for October delivery tumbled to $38.69, striking a level last seen in February 2009. Brent North…

AFP, SHANGHAI: China will swap the heads of the country's top three telecom companies in a high stakes round of musical chairs as speculation mounts over a possible merger of the trio. The companies -- China Unicom, China Telecom and China Mobile -- are all state-owned and China's Communist…

A ten-day long ‘Italian Food Festival’ will begin on August 27 at Radisson Blu Water Garden Hotel in the capital. The announcement was made yesterday at a press conference held in Radisson.   A wide range of different Italian foods will be presented with a menu of delightful starter,…

AFP, SYDNEY: Australian miner Fortescue Metals yesterday posted an 88 per cent slump in full-year net profit on the back of tumbling prices for the steel-making commodity iron ore. Fortescue, one of the world’s big four iron ore exporters along with Australia’s BHP Billiton and Rio Tinto,…

VLCC Personal Care (Bangladesh) Private Limited has appointed Proyash Distribution Company Limited for marketing VLCC products in the local market, says a press release. An agreement was signed yesterday between the companies at a programme held in the capital. Also, a training prog-ramme on marketing…

AFP, SHANGHAI: Chinese shares plunged further yesterday, sparking a fresh rout on global markets as Beijing’s latest intervention failed to boost investor sentiment over China’s slowing economy. Beijing announced over the weekend that its state pension fund—which had 3.5 trillion yuan…

AFP, MOSCOW: Russia’s battered ruble sank yesterday to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.   Russia’s dollar-denominated RTS stock index had plunged nearly 4.5 per cent by 1100 GMT as the ruble tumbled to 70.92…

AFP, KUALA LUMPUR: The world market turmoil bears ominous similarities to the contagion that laid Asian economies to waste beginning in 1997: pressure on regional currencies, a worsening trade outlook and slowing growth. But despite the daily beatings suffered by stock markets and currencies in Asia,…

AFP, SINGAPORE: Oil futures led a dramatic fall in commodity prices yesterday, with US crude trading below $40 a barrel as fears over China’s economy sent investors fleeing to safe havens like gold. The Bloomberg Commodity Index, which tracks 22 raw materials, lost as much as 1.7 per cent to 86.3542…