The Appellate Division of the Supreme Court yesterday passed no order on an appeal against a High Court verdict that declared illegal the BSEC decision to dissolve the AIMS First Guaranteed and Grameen One closed-end mutual funds. “There is no legal bar to close down the two---- AIMS First Guaranteed…

Expatriate Welfare and Overseas Employment Minister Nurul Islam BSc yesterday said a time-befitting law would be enacted for the Wage Earners Welfare Board to ensure welfare of the expatriate workers and their families, reports BSS. He said this speaking as the chief guest at the inaugural session of…

Indian cosmetics producer Ratnasagar Herbals Private Limited (RSHPL) has introduced international herbal brand ‘Karis Naturals’ in Bangladesh, says a press release. The officials from Bangladesh agency of the brand Naba Distribution’ and Indian Ratna Sagar announced the official country…

AFP, ABU DHABI: Emirati Oil Minister Suhail al-Mazrouei said yesterday that stabilising oil production levels is a must if oil prices currently at a record low are to rise. “I believe that current prices will force everyone to stabilise production” at January levels, Mazrouei was cited as…

An agreement was signed yesterday in an effort to increase the export of Bangladeshi products to Saudi Arabian market, reports BSS. The agreement was signed between Bangla-desh Standards and Testing Institution (BSTI) and Saudi Arabian Standards Organization (SASO), a Saudi Arabian national standard,…

AFP, ISTANBUL: Turkey’s flag carrier Turkish Airlines yesterday said its full-year net profits topped $1 billion for the first time in its history as the fast-growing airline battled to overcome the crises hitting its region. Turkish Airlines said it posted $1.069 billion (980 million euros) net…

AFP, BERLIN: After an interview of just a few minutes, two Pakistani refugees beamed as they may have finally found the key to integrating in their host…

AFP, BEIJING:  Manufacturing activity in China shrank at its fastest rate in four years in February, government data showed yesterday, a fresh sign of sustained weakness in the world’s second-largest economy. The official Purchasing Managers’ Index (PMI), which tracks activity in factories…

AFP, MOSCOW:  Russia's flagship carrier Aeroflot yesterday said it had reduced its loses in 2015, as the country's airlines continue to grapple with the fallout of Russia's economic crisis. The majority state-controlled company registered a net loss of 6.5 billion rubles ($88 million,…

AFP, LONDON:  Barclays yesterday announced a further shake-up of the bank's operations after losses more than doubled last year, as it seeks to restore its battered reputation under new leadership. The British lender, struggling to recover from several scandals, said it would split the bank…

AFP, ZURICH:  Debt-laden mining and commodities giant Glencore yesterday reported results deep in the red for 2015 due to plunging prices for metals and oil. The Switzerland-based company posted a loss of $4.96 billion (4.5 billion euros) last year, compared to a net profit of $2.3 billion just…

The broader price index of Dhaka Stock Exchange (DSE) lost further 27.92 points at yesterday’s close, nearing four months low as market was witnessing a continuous fall due to lack of a clear direction, reports BSS. The DSEX finished yesterday’s session below 4500-point mark at 4484.03,…

AFP, LONDON: European and Asian stock markets rose yesterday as fresh stimulus from the Chinese central bank lifted hopes for the world’s number two economy, analysts said. Frankfurt’s DAX 30 index was the standout European performer, rising 1.7 per cent in midday deals, helped also by official…

AFP, JOHANNESBURG: South Africa’s economy grew at an annualised 0.6 percent in the last quarter of 2015, as the country battles the worst drought in a century, official statistics showed yesterday. The growth was a slight drop from 0.7 per cent posted in the previous quarter as President Jacob…

Doris Honold, group chief operating officer of Standard Chartered Bank, is visiting Dhaka, the bank said in a statement yesterday. Aalishaan Zaidi, chief…

Google Women Techmakers (WTM) Bangladesh will organise 14 seminars in 14 different educational institutions across the country for encouraging women in technology to mark the International Women’s Day 2016, a press statement said. The events will be held in the month of March and April in Dhaka,…

AFP, BRUSSELS:  Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed yesterday, beating forecasts from analysts worried about the effects of a faltering global economy. The Eurostat statistics agency said unemployment in the 19-nation eurozone…

The annual business conference of Rajshahi Krishi Unnayan Bank (RAKUB) was held at the conference room of Rajshahi Circuit House recently, according to a statement. Chaired by Manjur Ahmed, managing director of RAKUB, the conference was attended by Dr M Aslam Alam, secretary of the Bank and Financial…

AFP, TOKYO:  The yen rose against the dollar yesterday as market sentiment stayed gloomy even after China’s central bank announced fresh stimulus. The People’s Bank of China said late Monday it would trim the amount of funds banks must keep in reserve by 0.50 percentage point—a…