AFP, MUMBAI: India’s second-largest state-run bank said yesterday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent. The Punjab National Bank (PNB), one of several state-owned lenders the government is trying to clean up, said…

Bangladesh Bank (BB) yesterday signed separate Participating Financial Institutes (PFI) agreements with nineteen commercial banks and five Financial Institutions (FIs) to promote the country's private sector and foreign direct investment (FDI), reports BSS. BB inked the agreements for implementing…

Shipping Minister Shajahan Khan yesterday said the government would declare Payra project as national priority project within a week to accelerate the pace of its construction work, reports BSS. "We will declare the work of Payra port as national priority project within a week to accelerate the…

The UAE-based port terminal handler DP World has expressed its keenness to run Chittagong Port's New Mooring Container Terminal and Bay Terminal,…

AFP, TOKYO: Japan’s economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, its longest period of expansion since the “bubble” boom days of the late 1980s. Gross domestic product in the fourth quarter of last year expanded 0.1 per cent from…

AFP, HONG KONG: Hong Kong stocks climbed two per cent yesterday, extending a rebound from last week’s hammering but most other Asian markets were mixed as nervous investors await the release of key US inflation data fearing fresh volatility. Tokyo fell to another four-month trough as the yen strengthened…

Stocks maintained upward trend yesterday as major indices of both Dhaka and Chittagong stock exchanges were found finishing upward trend with higher transactions…

AFP, BEIJING: US trade sanctions will hit the world economy, Beijing warned Wednesday, after President Donald Trump threatened to impose fresh tariffs on imports from China. Trump said he was “considering all options,” including tariffs and quotas, after he accused China of decimating the…

AFP, TOKYO: Troubled Japanese conglomerate Toshiba said yesterday it would swing into the black for the full fiscal year as it completes the multi-billion-dollar…

State Minister for Labour and Employment Mujibul Haque Chunnu yesterday said two new labour courts would be set up in Sylhet and Rangpur to ensure justice for the labourers, reports BSS. "We will set up two more labour courts - one in Rangpur and the other in Sylhet -to ensure justice for the labourers,"…

The board of directors of LankaBangla Finance Limited (LBFL) has announced 7.5 per cent cash and 7.5 per cent bonus shares to its shareholders for the fiscal year that ended in December 31, the company said in a press statement yesterday. The total profit after tax amount of this non-banking financial…

AFP, RIYADH: Saudi Arabia said yesterday it will further trim oil production and exports next month to reduce excess stockpiles that have weighed on crude prices, as concerns mount over US over supply. Saudi Aramco’s crude output in March will be 100,000 barrels per day (bpd) below its February…