Commerce Minister Tofail Ahmed yesterday said there is no barrier to retaining the Generalized System of Preferences (GSP) facilities in the US market…

AFP, SINGAPORE: Oil prices fell in Asia yesterday following a mixed US petroleum report that showed an increase in reserves but a dip in production. US benchmark West Texas Intermediate for October delivery fell 14 cents to $46.11 while Brent crude for October slipped 10 cents to $50.40 in afternoon…

State Minister for Labour and Employment Mujibul Haque Chunnu yesterday said gazette on the rules to implement the new labour law will be published within 10 days, reports UNB. The came up with the disclosure while talking to reporters at his Secretariat office in the capital. The labour law enacted…

Stock market ended flat yesterday amid bearish trend that resulted in moderate level of loss to the broader price index at week’s close, reports…

AFP, PARIS: More than 1,000 tractors rolled into Paris yesterday as farmers attempted to clog up the capital’s roads in protest at their plummeting…

The International Labour Organization (ILO) with the support of the Government of Bangladesh and the Government of Norway yesterday launched a Bangla-language radio show for workers entitled ‘My Labour, My Rights’ featuring workers rights experts, the shows create better understanding of…

AFP, JAKARTA: Indonesia has unveiled an ambitious new target for reducing carbon emissions, promising to slash its greenhouse gas output by 29 per cent by 2030, the government said Wednesday. The increased commitment by one of the world’s largest greenhouse gas emitters will be officially submitted…

State-run Titas Gas Transmission and Distribution Company Ltd received 18,364.72 euro as the first installment under a clean development mechanism (CDM) project for reducing green house gas emission, says a press release. This is the first and only CDM project of Danish NE Climate A/S registered with…

RFL has unveiled its two latest world-class pipes, featuring long-lasting, rust protection and high tensile strength, reports UNB. Falcon, a brand of RFL, revealed the pipes-Mild Steel (MS) and Galvanized Iron (GI) recently, said a media release yesterday. These pipes are normally used at construction…

AFP, WASHINGTON:  The US trade deficit narrowed in July as exports increased and imports fell sharply, led by a decline in consumer goods, the Commerce Department reported yesterday. The trade gap in goods and services was $41.9 billion in July, down from an upwardly revised $45.2 billion in June.…

AFP, TOKYO: The dollar rose against the yen yesterday, extending its recovery from losses early in the week, as confidence in global markets returned owing to solid US economic data. In Tokyo, the dollar bought 120.40 yen, up from 120.32 yen in New York. The euro was nearly flat at $1.1224 and 135.15…

AFP, OTTAWA: Canada's trade deficit narrowed to Can$593 million (US$447 million) in July, the government statistical agency said yesterday. Analysts had forecast a much larger deficit of Can$1.4 billion, after a Can$811 million shortfall was posted in June. Exports increased 2.3 per cent to Can$45.5…

AFP, PARIS: World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking…

AFP, GENEVA: Swiss agrochemicals giant Syngenta yesterday moved to placate shareholders after it rejected a massive takeover bid by Monsanto, announcing it would sell its vegetable seed business and buy back $2.0 billion worth in shares. Syngenta, which last week saw its share price plunge 18 per cent…

Making diesel out of thin air sounds like something from science fiction.But small companies in Germany and Canada are doing precisely this - capturing…

AFP, FRANKFURT: The European Central Bank held its key rates steady yesterday but may have to consider fresh policy measures soon to prevent deflation amid market alarm over the economic fallout from China, analysts said. ECB president Mario Draghi was scheduled to explain the reasoning behind the decision…