AFP, THE HAGUE:  The Dutch national rail authority concluded an 800-million-euro deal yesterday with French transport giant Alstom to buy 79 new…

Holiday booking company Lowcost Travelgroup has gone into administration, as uncertainty ahead of the EU referendum and the fall in the pound were blamed…

One of the key roles of the finance department is to ensure the profitability and cost-effectiveness of the wider business, so you’d expect it to embrace tools that help achieve this. Yet as we stand at the beginning of 2016, too many finance departments are ignoring the one technology able to…

Stocks showed a strong recovery trend yesterday to start a long week. Unlike other Saturdays, stock exchanges remained open yesterday and banks were also open following a government directive, reports BSS. The government in an executive order on June 22 last declared a national holiday on July 4, extending…

AFP, WASHINGTON: The World Bank announced Friday it had barred four companies, including a former unit of Daewoo, from future contracts after finding serious misconduct in projects around the world. The development lender said its investigations found fraud and corruption related to projects in Mongolia,…

Commerce Minister Tofail Ahmed said the least developed countries (LDCs) have to ensure their two per cent contribution in world trade by 2020 to keep on their economic progress. The minister, who is now in Kenya’s capital Nairobi to attend the fourteenth session of the United Nations Conference…

AFP, BRUSSELS: The United States and the European Union said they were forging ahead with trade talks on Friday despite the shock setback of Brexit and rising opposition to the deal in France and Germany. Negotiators met this week in Brussels for the 14th round of negotiations on the proposed Transatlantic…

AFP, MUMBAI: India’s Reliance Industries said Friday its quarterly net profits soared 18.1 percent, boosted by higher margins in its key refining business and a falling rupee. The Mumbai-based firm owned by Mukesh Ambani, India’s wealthiest man, said consolidated net profit for the three…

Fresh has been ranked the top position in two consecutive years 2014 and 2015 as the most chosen food brand in Bangladesh, according to a study, the company said in a press statement. The study was conducted by Kantar Worldpanel, a Spain-based firm that does a ranking of the worlds most chosen FMCG…

Mahbub Ul Alam has recently joined the Institute of Cost and Management Accoun-tants of Bangladesh (ICMAB) as executive director, a press statement said…

Faizur Rahman has been appointed as Head of Retail Banking and Wealth Management (RBWM) in Bangladesh, the bank said in a statement yesterday. Faizur…