The government yesterday signed two loan agreements with the OPEC Fund for International Development (OFID) for US $60 million aiming to implement two projects, titled ‘Construction of Paira Bridge (Lebukhali Bridge) on Barisal-Patuakhali Road’ and the ‘South Asia Sub-Regional Economic…

Though its journey began seven years back aiming to protect consumer rights, Directorate of National Consumer Rights Protection (DNCRP) has failed to make people aware about its own activities, let alone showing a good performance, reports UNB However, the right protection body is now planning to build…

Stock markets plunged yesterday with falling trends of all major indices at Dhaka and Chittagong stock exchanges due to price fall in large-cap securities,…

AFP, LAGOS: Nigerian stocks have jumped to a nine-year high as Africa’s biggest economy emerges from its worst recession in 25 years, buoyed by the high price of oil at $69 a barrel. The country’s main equity index grew 12 per cent this year in dollar terms, pushing it to the highest level…

AFP, RIYADH: Saudi Arabia yesterday announced it would transfer $2 billion to Yemen’s central bank, after desperate calls for funding from the war-torn country’s president and prime minister. “To address the deteriorating economic situation faced by the Yemeni people as a result of…

AFP, LONDON: Turnaround specialist Melrose Industries yesterday raised its takeover offer for struggling British engineering group GKN after an initial bid was rejected as hostile last week. Melrose, which specialises in buying and rejuvenating ailing manufacturers, said it was raising its bid to £7.4…

AFP, GENEVA: Nestle said Tuesday it has agreed to sell its US candy business to Italy’s Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio. Ferrero, known for its Tic Tac, Nutella and Ferrero Rocher brands but which has…

AFP, FRANKFURT AM MAIN: The Eurogroup must negotiate quickly on eurozone reform to be ready for action to shore up the single currency area by June, the new head of the finance ministers’ grouping said yesterday. “We have to have clarity on the reform agenda by the time of the EU summit…

AFP, STRASBOURG: European Commission chief Jean-Claude Juncker said yesterday he would welcome any British attempt to rejoin the EU after Brexit, as Brussels jumped on speculation about a second referendum. Juncker’s comment about possible re-accession comes a day after European Council President…