The credit to private sector marked a significant rise in the past eight months of the current 2015-16 financial year (FY16), according to Bangladesh Bank (BB), reports BSS. The latest data of the central bank showed that the credit to private sector grew by 15.11 per cent during July-February period…

AFP, PARIS: The growth of genetically-modified crops has dipped for the first time following two decades of steady increases, according to a study released recently. Twenty years after the first genetically-modified plant was marketed, the worldwide acreage of GM crops reached 181.5 million hectares…

Indian Oil Corporation Limited (IOCL), the largest state owned company of India will sign a memorandum of understanding (MoU) on April 19 to set up Bangladesh‘s largest Liquefied petroleum gas (LPG) plant in Chittagong. IOCL will conduct study to assess the feasibility of setting up the plant…

AFP, DOHA :  Major oil producers gathered in Qatar yesterday for crucial talks on capping production to boost prices, despite Iran’s refusal…

AFP, BUENOS AIRES:  Argentina seeks to end 15 years of financial isolation on Monday when it sets out to borrow cash on international credit markets for the first time since a 2001 default. The country is looking to boost its struggling economy and settle a 15-year lawsuit by US investment funds…

In a global survey conducted by Oracle in collaboration with WSJ Custom Studios, 90 per cent of executives from large enterprises across a wide range…

AFP, KUWAIT CITY:  Thousands of oil workers in Kuwait began an open-ended strike yesterday to protest against a government proposal to cut their…

Share prices dipped further yesterday as the week began amid dull trade that drove all the market indicators down towards red zone, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE) lost 15.29 points at the close yesterday to come down to 4393.34, with the two other selective indices…

MasterCard, Western Union, bKash, one of the world’s leading mobile financial service (MFS) providers and BRAC Bank, launched a unique, international remittance receiving service in Bangladesh, a press statement said yesterday. State Minister for Foreign Affairs Shahriar Alam inaugurated the service…

AFP, JOHANNESBURG: South Africa plans a new “fat tax” on sugary drinks to combat an obesity epidemic—but sweet-toothed consumers say…

AFP, PARIS: A bearded imam may have seemed out of place at this week’s In-Cosmetics expo in Paris, an annual showcase for the world’s leading…

AFP, LONDON: French Economy Minister Emmanuel Macron repeated his government's commitment Sunday to plans by state-owned company EDF to build a controversial next-generation nuclear plant in Britain, saying the deal was being finalised. Questions have been raised about the financial viability of…

Islami Bank Bangladesh Limited signed an agreement with Ria Money Transfer (Ria) to provide remittance payout services in Bangladesh, the bank said in a statement yesterday. Mohammad Abdul Mannan, managing director of the bank, Abdus Sadeque Bhuiyan, deputy managing director of the bank, and Suhail…

AFP, TEHRAN: Iran will not be sending any representative to a key oil summit in Doha aimed at negotiating a production freeze, Tehran's petroleum minister said on Sunday. "The Doha meeting is for people who want to participate in the production freeze plan... but since Iran isn't expected…