The government has given utmost priority on few items in the Seventh Five-Year Plan aiming to attain the goal of $60 billion export by 2021 and plastic…

Dhaka Stock Exchange (DSE) yesterday said the new monetary policy statement (MPS) is time-befitting and directional for inflation, foreign exchange and employment generation as well as the whole economy of the country, reports BSS. Bangladesh Bank (BB) announced the MPS on Monday for the second half…

SK Sur Chowdhury is going to be appointed as the Banking Reform Advisor of Bangladesh Bank (BB) after completion of his tenure as Deputy Governor of the bank, reports BSS. In his new responsibilities, SK Sur Chowdhury will advise in the formulation of reform policies for banks and financial Institutions,…

AFP, HONG KONG: Asian stocks struggled yesterday as traders tracked sharp Wall Street losses despite a major speech by US President Donald Trump extolling his administration’s economic achievements. In his annual State of the Union address, Trump said taxes had been slashed, jobs created and “the…

Stock markets closed the session yesterday with downward trends due mainly to price fall in large-cap securities, reports BSS. The falling major sectors…

AFP, SEOUL: Samsung Electronics reported a 73 per cent jump in its fourth quarter net profit yesterday, setting a record for any three-month period, mainly…

AFP, WASHINGTON: The US central bank on Tuesday opened its first meeting of 2018, the last of Janet Yellen’s tenure as chair, with markets expecting policymakers to leave interest rates unchanged. After raising rates three times in 2017, the Federal Reserve expects to tighten interest rates in…

AFP, NEW YORK: McDonald’s reported higher comparable sales in the final three months of the year in the US, China and other key markets, but earnings were dented by a one-time hit from US tax reform. Net income was $698.7 billion in the fourth quarter, down 41 per cent from the year-ago period,…

AFP, PARIS: Global steel giant ArcelorMittal said yesterday that its net profit more than doubled last year as the worldwide market for steel improved. ArcelorMittal said in a statement that its bottom-line net profit amounted to $4.6 billion, up from $1.8 billion a year earlier. Underlying or operating…

AFP, STOCKHOLM: Swedish telecoms giant Ericsson said yesterday that it rang up huge losses last year as network competition, restructuring costs and investment in lightning-fast 5G technology pushed it deeply into the red. Ericsson said in a statement it booked net loss of 35.1 billion kronor (3.6 billion…

AFP, LONDON: Investment in the British automotive industry fell by a third in 2017, its trade association said yesterday as it called for a swift agreement on the Brexit transition period. The Society of Motor Manufacturers and Traders said that only £1.1 billion ($1.55 billion, 1.25 billion euros)…