Bangladesh Bank (BB) instructed all banks to maintain enough cash in all ATMs (automated teller machines) at all times, especially during the holiday for Eid-ul-Azha, reports BSS. All the banks will remain closed for three days for Eid-ul-Azha, beginning on Thursday. However, the branches of the banks…

Commerce Minister Tofail Ahmed yesterday said the country's exports would reach 60 billion US dollars by 2021 which happens to be the Golden Jubilee Year of Independence of the country, reports BSS. The minister was speaking at a "Bangladesh Business Forum" organised jointly by the Milan…

Finance Minister AMA Muhith leaves Dhaka today to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB) Group, reports BSS. This year the annual meetings will take place in Lima, Peru, from October 9-11 where central bankers, ministers of finance and development,…

AFP, SINGAPORE: Oil prices rebounded in Asia yesterday but analysts said they remain weighed by a crude oversupply and fresh worries about the world economy after the Federal Reserve decided last week against raising interest rates. US benchmark West Texas Intermediate for October, which expires on…

AFP, SINGAPORE: Uncertainty caused by the US Federal Reserve's decision not to hike interest rates last week sent forex traders running to safer assets yesterday, with higher-risk emerging-market currencies taking a hit. While the announcement was initially welcomed in Asia on Friday, dealers in…

An exhibition opens in New York City yesterday night that explores a day in the life of an otherwise uncelebrated spot in Abu Dhabi – a small square boasting a supermarket and a single tree, reports UAE based daily The National yesterday. The exhibition, part of a research project that explored…

AFP, SINGAPORE: Uncertainty caused by the US Federal Reserve's decision not to hike interest rates last week sent forex traders running to safer assets yesterday, with higher-risk emerging-market currencies taking a hit. While the announcement was initially welcomed in Asia on Friday, dealers in…

Muhammad Yunus, founder of Grameen Bank, has been ranked 3rd in Salt Magazine’s list of the top 100 compassionate business leaders, says press release. In its citation, Salt Magazine said: “Yunus regards credit as a vital human right, and has given millions of people access to the banking…

Citibank has joined hands with Society for Worldwide Interbank Financial Telecom-munication (SWIFT) to connect to the new Real-Time Gross Settlement (RTGS) system, an electronic platform for the continuous settlement of high value and multi-currency cash payments between banks, says a press release.…

AFP, DUBAI: Companies in the six Gulf Arab states are under pressure as governments reduce spending in response to a slump in oil revenues, Standard and Poor's ratings services said yesterday. "Corporate and infrastructure companies in the (Gulf Cooperation Council) GCC face a weaker operating…

AFP, BEIJING: Britain pledged £2 billion ($3.1 billion) yesterday for a nuclear plant set to be built in England by a consortium, including Chinese firms, which would be the country's first such new power station in decades. Chancellor George Osborne announced the funding during a visit to…

AFP, HONG KONG: Asian markets largely turned lower yesterday after the US Federal Reserve delayed an interest rate rise, with traders seeing the decision…

AFP, HONG KONG: De Beers, the world’s largest diamond producer, said yesterday the economic slowdown in China and a strong US dollar meant a “challenging”…

AFP, FRANKFURT: Shares in German auto giant Volkswagen plummeted more than 20 per cent yesterday after it emerged that nearly half a million of its diesel…

When we engage in marketing, more often than not, a hysterical feel sweeps through us and unsurprisingly so. Marketing is the avenue which gets to decide whether we can endure in a competitive set and also creates room for the creative imaginations to flourish. We do see a lot of stances when it comes…