Construction work of the Padma Multipurpose Bridge is going on in full swing with the completion of 44.0 per cent work of the much-awaited mega bridge till end of June, official said. With this steady progress, Road Transport and Bridges Minister Obaidul Quader reaffirmed that the country’s largest…

Board of Directors of Asian Development Bank (ADB) has approved a $526 million multitranche financing facility (MFF) to help sustain and increase infrastructure investments in the country, particularly in financing public-private partnership (PPP) projects as well as renewable energy interventions,…

Bangladesh Bank (BB) Governor Fazle Kabir yesterday underscored the need for attaining over 8 per cent GDP growth as early as possible to take the country to the middle income status by 2021, reports BSS. “We have targeted 7.4 per cent GDP growth in the current 2017-18 financial year. We will…

AFP, FRANKFURT AM MAIN: European Central Bank President Mario Draghi will seek to soothe financial markets at a policy-setting meeting on Thursday, analysts…

AFP, ASPEN: His first company became the world’s largest maker of personal computers. Now Michael Dell says he is building a broader technology…

AFP, QUITO: Poachers in Ecuador have long known the hefty prices their country's rare frogs can fetch. But now environmentally conscious firms are…

AFP, HONG KONG: The dollar sank yesterday as two Republican senators rejected their party's bill to repeal Obamacare, effectively killing it and throwing…

Both the stock markets were down further yesterday with all indices sliding down as most of the major sectors closed lower, reports BSS. The falling major…

AFP, WASHINGTON: The United States on Monday said it would work to shrink trade deficits with Canada and Mexico in talks to renegotiate the landmark 1994 North American Free Trade Agreement (NAFTA). The Trump administration has focused on boosting domestic manufacturing while cutting trade deficits…

AKM Shaheed Reza has been elected as the chairman of Mercantile Bank Limited at the 306th board meeting of the bank, the bank said in a statement. Reza is the chairman of Reza Group, an export oriented textile apparel industry. He is also the president of the Feni Chamber of Commerce and Industry and…

AFP, STOCKHOLM: Weaker than expected second-quarter sales and profits in a poor growth climate prompted Swedish telecoms giant Ericsson to announce fresh cost-cutting measures yesterday, prompting a plunge in its share price. Ericsson posted a fourth straight quarterly loss in unveiling April to June…

AFP, LONDON: Britain’s annual inflation rate surprisingly slowed to 2.6 per cent in June, mainly owing to a drop in motel fuel prices, official data showed yesterday. The Consumer Prices Index had hit 2.9 per cent in May, close to a four-year high, as a Brexit-hit pound raises import costs. Analysts’…