AFP, NEW YORK: In a new development linked to the 1MDB corruption scandal, a former Hong Kong-based investment fund is suing Goldman Sachs for conflict of interest in advising a 2011 Malaysian bank merger. Primus Pacific Partners said on Tuesday that Goldman and its then managing director in Southeast…

Commerce Minister Tofail Ahmed yesterday claimed that no negative message has come from foreign buyers of Bangladesh products after the recent terror attacks, reports UNB. “It’s not true that foreign businessmen have shied away from the country following the recent terror attacks. Instead,…

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy yesterday said Bangladesh built its basic IT infrastructures on its own while it now strives…

AFP, LONDON: Oil prices slid to fresh three-month lows yesterday as worries about a global oversupply resurface ahead of the release of US stockpiles data later in the day. With the US summer driving season -- when demand peaks -- drawing to a close investors are growing increasingly concerned that…

AFP, SAN FRANCISCO:  With iPhone sales and profits sliding, Apple on Tuesday  sought to highlight its growth in services as it seeks to reduce…

AFP, LONDON:  Britain will enter EU exit talks in a strong position, finance minister Philip Hammond declared yesterday, after data revealed economic growth unexpectedly accelerated in the run-up to the Brexit referendum. Gross domestic product (GDP) grew 0.6 per cent  in the second quarter,…

AFP, TOKYO:  Japan’s government yesterday announced a stimulus package worth more than 28 trillion yen ($266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week. Policymakers are under pressure to boost growth…

AFP, SAN FRANCISCO:  Twitter’s shares fell hard Tuesday after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users. Shares were down nearly 11 per cent  at $16.45 in after-hours trade following the…

AFP, PARIS: Airbus Group said yesterday its net profit rose 15 per cent  in the first half of the year to 1.76 billion euros ($1.94 billion), but the gain was due to exceptional items that masked a slide in operating earnings. The company was hit by charges of just over 1 billion euros related…

Stock market closed yesterday mixed with moderate loss in indices after Bangladesh Bank (BB) announced a cautiously accommodative monetary policy for the first half of the current 2016-17 financial year, reports BSS. The daily share transactions also fell marginally when most of the traded issues closed…

 AFP, NEW YORK: The sluggish global economy, more and healthier competition, and currency market turbulence again dragged on Coca-Cola Co.'s earnings in the second quarter, the company said yesterday. Net earnings rose 10.9 per cent and core earnings per share beat expectations by two cents…

AFP, WASHINGTON: Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion. The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other…

C-Zentrix has announced its partnership with Digicon Technologies Ltd, aiming to leverage its Bangladesh expansion plans, a press statement said yesterday. As a key participant at the 2nd BPO Summit Bangladesh, Saket Setu, CEO, C-Zentrix said, “The Call Centre industry globally is pegged to be…

AFP, KUALA LUMPUR: Struggling Malaysia Airlines yesterday announced plans to purchase 50 Boeing aircraft for $5.5 billion as it continues efforts to recover from devastating twin disasters in 2014. Malaysia's national flag carrier said it had placed firm orders for 25 Boeing 737 MAX jets and had…