Finance Minister AMA Muhith yesterday hinted at increasing the tenure of bank directors from the existing two consecutive terms of six years, reports BSS. "We have not yet decided to change the law . . . It can be a certain period," Muhith told journalists after a meeting with Bangladesh Association…

AFP, VIENNA: OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cutting…

AFP, FRANKFURT:  Alarmed by a raft of Chinese takeovers, Germany is putting the brakes on the Asian giant’s shopping spree as it sends out the message that not everything is for sale—at the risk of antagonising Beijing. The more assertive noises coming out of Berlin are likely to dominate…

AFP, HARARE:  Zimbabweans know the risks of worthless money all too well after hyperinflation between 2007 and 2009 gave them the 100-trillion-dollar…

Low-cost air carriers are spreading their wings across the Atlantic, much to the chagrin of the major airlines now forced to serve new destinations and cut fares. Transatlantic flights operated by Norwegian Air, Iceland’s Wow air, Canada’s WestJet and Morocco’s Royal Air Maroc have…

A weeklong Income Tax Fair will kick off in the capital and seven divisional headquarters of the country tomorrow (Tuesday). This is the first time the National Board of Revenue will organise the fair in its own building in the capital’s Agargaon area. The fair will open at 10 am and continue…

AFP, BRUSSELS: Canadian Prime Minister Justin Trudeau and European Union leaders yesterday finally signed a landmark trade deal seven years in the making, after it was nearly being torpedoed by a small region of Belgium. The ceremony in Brussels had been pushed back from Thursday after French-speaking…

Stocks began the week yesterday in red as the major sectors plunged further with falling trend at both the Dhaka and Chittagong Stock exchanges, reports BSS. All the major sectors including engineering, miscellaneous, paper and printing and cement were down on the day while food and allied and tannery…

Dutch-Bangla Bank Limited (DBBL) awarded scholarships to the meritorious students studying at higher secondary, graduation levels and who are also in need of financial aid, a press statement said.  Under this initiative of its social cause programme, a total number of 41,600 students received…

 AFP, LONDON: Media speculation mounted yesterday that the governor of the Bank of England, Mark Carney, is set to announce his departure amid tensions with Prime Minister Theresa May’s new government. The Canadian is on a five-year contract that expires in 2018 but has an option to…

Xinhua, BEIJING: Locked-up shares worth about 130.6 billion yuan (around 19.5 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week. About 3.89 billion shares from 35 companies will become tradable on the exchanges from October 31 to November…

AFP, JOHANNESBURG: South Africa’s prosecutor yesterday denied reports he had decided to drop a fraud case against Finance Minister Pravin Gordhan. “It is absolute hogwash. That is the biggest lot of rubbish I have ever seen or heard,” spokesman Luvuyo Mfaku told AFP after City Press…