Finance Minister Abul Maal Abdul Muhith favoured further interest rate cut and indicated a mechanism to help bring down the interest rate at least near…

The government has undertaken a plan to bring pension system under automation and send money to bank accounts of pensioners direct through electric fund transfer (EFT), reports BSS. Under the system, the concerned pensioner would be informed via mobile phone SMS when the money will reach his or her…

The banking sector may come forward to inject some fresh investment into the stock market as Bangladesh Bank (BB) relaxed the rules connected with the banks' capital market exposure, reports BSS. The central bank in a directive yesterday discarded its earlier decision of calculating banks' investment…

Key share price indices at the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - dropped again on the first trading day of the week yesterday. The major indices at both Dhaka and Chittagong stock exchanges ended marginally lower as trading remained lackluster,…

AFP, BERLIN: German car giant Volkswagen, scrambling to contain a massive pollution test cheating scandal, said Sunday it would begin rotating staff to keep better tabs on its operations. Employees in key roles will switch jobs more often than is currently the case, VW supervisory board chief Hans Dieter…

AFP, THE HAGUE: A cut-back in natural gas production in the EU’s biggest gas field will cost the Netherlands a billion-and-a-half euros in lost revenue, Dutch Finance Minister Jeroen Dijsselbloem said Friday. “It’s going to cost around 1.5 billion euros ($1.62 billion) next year, Dijsselbloem…

AFP, MOSCOW: The Russian central bank said it was putting major lender Vneshprombank into temporary administration as the country’s economic woes put pressure on the financial sector. Citing the lender’s financial difficulties, the central bank said on Friday Vneshprombank had been placed…

AFP, PRAGUE: Italian energy giant Enel has sold its 66-per cent stake in Slovakia's top power company Slovenske elektrarne (SE) to Prague-based energy group EPH, EPH said in a statement on Friday. Under the deal signed on Friday, EPH is due to pay 750 million euros ($815 million) in total, but the…

AFP,  WASHINGTON: It's a new dawn for transport, lodging --and pretty much every service under the sun -- and it's all about "sharing."…

Mattermark is a San Francisco-based organisation that helps dealmakers to research companies to partner-up with, or invest in, or even sell to. Its goal is to organise the world’s business information to help dealmakers answer questions about the companies they’d like to do business with.…

AFP,  PHNOM PENH: From glitzy malls and high-rise flats to five-star hotels, a luxury building boom in Phnom Penh is transforming a capital once…

AFP, SHANGHAI: When Qian Qimin started investing on the Shanghai Stock Exchange—where trading began 25 years ago on Saturday—he lined up at…