Dec inflation rises slightly to 6.10pc

The country’s general point to point inflation rate in December slightly increased to 6.10 percentage point from 6.05 percentage point in November…

Export earnings up 7.84pc in July-December

Country’s export earnings in the first half (July-December) of the current fiscal year witnessed a 7.84 per cent growth totalling $ 16083.90 million due to moderate performance of knitwear, woven garment, jute and jute-made goods, agricultural and leather products, reports UNB. The single-month…

�Brand creation in RMG can double export volume�

Experts at a discussion yesterday said that brand creation in readymade garment (RMG) sector could double the export volume to nearly $51 billion from…

Dollar declines against most Asian units as oil rebounds

AFP, TOKYO: The dollar declined against most Asian currencies yesterday as a little confidence returned to regional trading floors on the back of a rebound in oil prices. Emerging currencies recovered some of their losses from the previous day, with the Indonesian rupiah, Malaysia’s ringgit and…

Governor asks banks to accelerate productive investment

Bangladesh Bank (BB) Governor Atiur Rahman yesterday suggested the chief executives of all scheduled banks to accelerate their investment in productive…

Shanghai stocks down as economy worries persist

AFP, SHANGHAI : Volatility shook Chinese stock markets yesterday, as the Shanghai index dropped more than three per cent on concerns over slowing growth before erasing most of the losses, a day after authorities halted trading to arrest alling prices. The Shanghai market slumped 6.86 per cent on Monday…

JS body on public accounts holds 41st meeting

The Parliamentary Committee on Public Accounts yesterday discussed progress in the implementation of the decisions taken by the committee on the audit objections in the annual audit reports of the comptroller and auditor general (CAG) on the purchase, storage and distribution of goods by Bangladesh…

China economy weighs on consumer tech spending

AFP, LAS VEGAS: Spending on personal tech gadgets is taking a hit from the economic slowdown in China and the strong US dollar, researchers from the Consumer…

US sues VW for $20b

AFP, NEW YORK: The US government sued Volkswagen Monday for installing equipment on nearly 600,000 diesel cars that intentionally subverted clean-air…

Mystery electric car startup unveils prototype

AFP, LAS VEGAS: The mystery electric car startup Faraday Future, which seeks to "redefine mobility," unveiled its first prototype vehicle on…

France�s Orange, Bouygues confirm talks on possible tie-up

AFP, PARIS: French telecoms operators Orange and Bouygues said yesterday they were in “discussions” on a possible buy-out by France’s…

Stocks return to positive on buying spree

Share trading surged significantly yesterday, halting the continuous fall that began on the last trading day of the immediate past year 2015, reports BSS. The daily transaction at both Dhaka and Chittagong bourses rose considerably, taking the price indices to the positive zone. The market remained…

Malaysia Airlines limits baggage allowance

AFP, KUALA LUMPUR: Malaysia Airlines yesterday announced immediate restrictions on check-in luggage for some Europe-bound flights, citing strong headwinds, a move that left aviation analysts puzzled. In a statement on its website, the carrier said "unseasonably strong headwinds" were limiting…

�GP�s 10,000 base transceiver stations to support 3G by June�

All of the existing 10,000 base transceiver stations (BTSs) of Grameenphone will support 3G services by June 2016. The cellular phone operator came up with the announcement at a press conference at a hotel in the capital yesterday. Grameenphone Chief Executive Officer (CEO) Rajeev Sethi elaborated their…

Eurozone inflation unchanged in December

AFP, BRUSSELS: Eurozone inflation remained unchanged at a lower than expected 0.2 per cent in December, official data said yesterday, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in EuroEurozone inflation unchanged in December AFP, BRUSSELS: Eurozone inflation…

China seeks information from Microsoft in 'monopoly' probe

AFP, SHANGHAI: The Chinese government has asked US technology giant Microsoft to clarify "major issues" regarding a monopoly case, officials said yesterday, confirming that it was still pursuing a probe which emerged in 2014. The State Administration for Industry and Commerce (SAIC), one of…

IFS named a leader in Gartner�s 2015 Magic Quadrant

IFS, the global enterprise applications company, has once again been named as a leader in the Gartner Magic Quadrant for Single-Instance ERP for Product Centric Midmarket Companies, says a press release. “We are proud to, yet again, be recognised as a leader in the industry, a position that we…

Chinese co Wanda to buy stake in Hollywood studio

AFP, BEIJING: Chinese powerhouse Dalian Wanda is reportedly in talks to buy a controlling stake in US film studio Legendary, providing the Communist Party-linked company with a key anchor in Hollywood. The media and property group controlled by China's richest man Wang Jianlin is in advanced stages…