The Finance Ministry yesterday decided to form a Financial Stability Council (FSC) to deal with crises in the financial sector including banks and financial institutions (FIs), reports UNB. The meeting, with Finance Minister AMA Muhith in the chair, took the decision responding to a proposal from Bangladesh…

Uber, the world’s largest ridesharing app that connects riders with drivers, yesterday announced their ‘community guidelines’ for both riders and driver-partners in the capital, reports UNB. The guidelines explained the kind of behavior expected from both riders and drivers while using…

The interest or profit rate on the outstanding amount of credit card shall not exceed five per cent of the highest interest rate offered in any credits of the respective Bank, said a Bangladesh Bank (BB) circular in the capital yesterday, reports BSS. Interest or Profit shall be charged on the unpaid…

Finance Minister AMA Muhith yesterday said Bangladesh has sought loans to the tune of $1billion from the Asian Infras-tructure Investment Bank (AIIB) for implementing 7 projects, including power distribution system upgradation, reports BSS. “We discussed future pipeline projects and two projects,…

AFP, PARIS: The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil majors whose latest earnings…

AFP, HONG KONG: Asian markets paused for breath yesterday after Wall Street smashed through 22,000 for the first time, with investors focused on fresh clues on the health of the US economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close—but the…

AFP, MOSCOW: A young beluga whale looks down as it is winched in a net onto the deck of a rusty Russian ship moored at a far-eastern port. "Don't…

AFP, FRANKFURT: German carmaker BMW reported yesterday a leap in profits in the second quarter, but stuck to its cautious forecast for the full year as…

Stocks ended the week yesterday upward with rising trend of major price indices at Dhaka and Chittagong Stock Exchanges on higher transactions, reports…

Kona Software Lab Limited, a local pay-ment and security solutions pro-vider, appointed Minaoar Hossain Tanzil as the new managing director of the company, effective from July 26, said in a press statement on Wednesday. Prior to the appointment, Tanzil was serving in the same company as DMD. He has…

Building Technology and Ideas Ltd (bti), a local real estate company, has arranged a four-day fair for showcasing its project ‘Shopnobilash’, the company said in a press statement yesterday. The project located at Nabinagar, Savar is offering modern apartments to the middle-income people…

AFP, WASHINGTON: Global smartphone sales saw a modest decline in the second quarter of 2017, as market leaders Samsung and Apple consolidated their positions, a survey showed Wednesday. The IDC survey showed South Korean giant Samsung maintaining the top spot by delivering some 79.8 million handsets…